Cavco Industries Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 232.71
Dividend & YieldN/A$ (N/A)
Beta 1.16
Market capitalization 1.96B
Operating cash flow 227.08M
ESG Scores unknown

Company description

Cavco Industries, Inc. designs, produces, and retails manufactured homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes under the Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, and MidCountry brands. It also builds park model RVs; vacation cabins; and factory-built commercial structures, including apartment buildings, condominiums, hotels, workforce housing, schools, and housing for the United States military troops. In addition, the company produces various modular homes, which include single and multi-section ranch, split-level, and Cape Cod style homes, as well as two- and three-story homes, and multi-family units. Further, it provides conforming and non-conforming mortgages and home-only loans to purchasers of various brands of factory-built homes sold by company-owned retail stores, as well as various independent distributors, builders, communities, and developers. Additionally, the company offers property and casualty insurance to owners of manufactured homes. As of April 3, 2022, it operated 45 company-owned retail stores in Oregon, Arizona, Nevada, New Mexico, Texas, Indiana, Oklahoma, Florida, and New York. The company also distributes its homes through a network of independent distribution points in 48 states and Canada; and through planned community operators and residential developers. Cavco Industries, Inc. was founded in 1965 and is headquartered in Phoenix, Arizona.

Sector: Consumer Cyclical - Industry: Residential Construction

Financial data

Financial Statements

Cashflow Statement 2019-03-30 2020-03-28 2021-04-03 2022-04-02
Change To Liabilities 4.71M 6.44M 47.23M 38.23M
Total Cashflows From Investing Activities -5.82M -25.24M -23.35M -159.1M
Net Borrowings -26.3M -19.69M -2.72M -9.28M
Total Cash From Financing Activities -26.41M -20.76M -6.98M -65.09M
Change To Operating Activities -25.41M 17.94M 27.84M 15.52M
Issuance Of Stock
Net Income 68.62M 75.07M 76.65M 197.7M
Change In Cash 611k 55.74M 83.7M -79.97M
Effect Of Exchange Rate
Total Cash From Operating Activities 32.84M 101.74M 114.03M 144.22M
Depreciation 4.7M 5.78M 6.32M 11.02M
Change To Account Receivables -5.68M -1.44M -4.6M -27.27M
Other Cashflows From Financing Activities -114k -1.07M -2.82M 3.78M
Change To Netincome -7.05M -10.31M -21.71M -17.17M
Capital Expenditures -7.64M -14.34M -25.54M -18.65M

Income Statement 2019-03-30 2020-03-28 2021-04-03 2022-04-02
Research Development
Income Before Tax 86.68M 92.98M 96.91M 211.99M
Net Income 68.62M 75.07M 76.65M 197.7M
Selling General Administrative 121.57M 145.61M 130.5M 186.28M
Gross Profit 202.26M 229.02M 218.59M 388.07M
Ebit 80.69M 83.41M 88.09M 201.79M
Operating Income 80.69M 83.41M 88.09M 201.79M
Interest Expense
Income Tax Expense 18.05M 17.91M 20.27M 14.25M
Total Revenue 962.75M 1.06B 1.11B 1.63B
Cost Of Revenue 760.48M 832.75M 889.47M 1.24B
Total Other Income ExpenseNet 5.98M 9.57M 8.82M 10.2M
Net Income From Continuing Ops 68.62M 75.07M 76.65M 197.74M
Net Income Applicable To Common Shares 68.62M 75.07M 76.65M 197.7M

Balance Sheet Statement 2019-03-30 2020-03-28 2021-04-03 2022-04-02
Total Liabilities 195.63M 202.84M 268.19M 323.69M
Total Stockholder Equity 529.59M 607.59M 683.64M 830.46M
Other Current Liabilities 83.27M 104.24M 153.26M 177.49M
Total Assets 725.22M 810.43M 951.83M 1.15B
Common Stock 91k 92k 92k 93k
Other Current Assets 16.71M 14.95M 18.13M 17M
Retained Earnings 280.08M 355.14M 431.06M 628.76M
Treasury Stock -28k 90k -1.34M -61.44M
Cash 187.37M 241.83M 322.28M 244.15M
Total Current Liabilities 174.01M 172.1M 237.1M 294.17M
Other Stockholder Equity -28k 90k 97k -403k
Property, Plant, and Equipment 63.48M 91.08M 113.05M 180.97M
Total Current Assets 462.05M 516.18M 651.8M 744.12M
Net Tangible Assets 446.89M 517.39M 594.19M 701M
Net Receivables 40.7M 42.8M 47.4M 96.05M
Accounts Payable 29.3M 29.92M 32.12M 43.08M


Insider Transactions

Here are the insider transactions of stock shares related to Cavco Industries Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BOOR WILLIAM CConversion of Exercise of derivative security at price 96.82 per share.D2022-11-11Chief Executive Officer4k
BUNGER STEVEN GConversion of Exercise of derivative security at price 87.09 per share.D2022-11-08Director4k
GREENBLATT DAVID ALANSale at price 271.91 - 277.64 per share.D2022-08-09Director4k
GREENBLATT DAVID ALANConversion of Exercise of derivative security at price 77.00 per share.D2022-08-09Director4k
BUNGER STEVEN GStock Award(Grant) at price 0.00 per share.D2022-08-02Director650
BLOUNT SUSAN LStock Award(Grant) at price 0.00 per share.D2022-08-02Director450
KERLEY RICHARD AStock Award(Grant) at price 0.00 per share.D2022-08-02Director450
GREENBLATT DAVID ALANStock Award(Grant) at price 0.00 per share.D2022-08-02Director450
MOSTER STEVEN WStock Award(Grant) at price 0.00 per share.D2022-08-02Director450
SZE JULIA W.Stock Award(Grant) at price 0.00 per share.D2022-08-02Director450
BOOR WILLIAM CStock Award(Grant) at price 0.00 per share.D2022-06-01Chief Executive Officer3.63k
DRAGASH MICKEY RStock Award(Grant) at price 0.00 per share.D2022-06-01General Counsel536
LIKE STEVEN KStock Award(Grant) at price 0.00 per share.D2022-06-01Officer333
ZELLER LYLE DStock Award(Grant) at price 0.00 per share.D2022-05-25Officer240
ADEN ALLISONStock Award(Grant) at price 0.00 per share.D2022-05-25Chief Financial Officer1.91k
BOOR WILLIAM CStock Award(Grant) at price 0.00 per share.D2022-05-25Chief Executive Officer5.48k
BOOR WILLIAM CStock Award(Grant) at price 0.00 per share.D2022-05-25Chief Executive Officer4.53k
DRAGASH MICKEY RStock Award(Grant) at price 0.00 per share.D2022-05-25General Counsel840
LIKE STEVEN KStock Award(Grant) at price 0.00 per share.D2022-05-25Officer720
RYAN GAVINStock Award(Grant) at price 0.00 per share.D2022-05-25Officer240
NINO MATTHEW AStock Award(Grant) at price 0.00 per share.D2022-05-25Officer600
NINO MATTHEW AStock Award(Grant) at price 0.00 per share.D2022-05-25Officer720
BIGBEE PAULStock Award(Grant) at price 0.00 per share.D2022-05-25Officer310
CRUTCHER ANTHONYStock Award(Grant) at price 0.00 per share.D2022-05-25Chief Technology Officer310
CIRA BRIAN R.Stock Award(Grant) at price 0.00 per share.D2022-05-25Officer840
CIRA BRIAN R.Stock Award(Grant) at price 0.00 per share.D2022-05-25Officer960
BOOR WILLIAM CConversion of Exercise of derivative security at price 75.90 per share.D2021-11-19Chief Executive Officer4k
LIKE STEVEN KSale at price 292.60 per share.D2021-11-11Officer2.8k
ADEN ALLISONStock Award(Grant) at price 0.00 per share.D2021-08-30Chief Financial Officer920
BUNGER STEVEN GSale at price 253.83 - 259.67 per share.D2021-08-25Director2.71k
KERLEY RICHARD AStock Gift at price 0.00 per share.D2021-08-24Director1.25k
NINO MATTHEW ASale at price 253.00 per share.D2021-08-11Officer2.25k
NINO MATTHEW AConversion of Exercise of derivative security at price 99.96 per share.D2021-08-11Officer2.25k
BUNGER STEVEN GStock Award(Grant) at price 0.00 per share.D2021-08-05Director600
BLOUNT SUSAN LStock Award(Grant) at price 0.00 per share.D2021-08-05Director450
KERLEY RICHARD AStock Award(Grant) at price 0.00 per share.D2021-08-05Director450
GREENBLATT DAVID ALANStock Award(Grant) at price 0.00 per share.D2021-08-05Director450
MOSTER STEVEN WStock Award(Grant) at price 0.00 per share.D2021-08-05Director450
SZE JULIA W.Stock Award(Grant) at price 0.00 per share.D2021-08-05Director450
ZELLER LYLE DStock Award(Grant) at price 0.00 per share.D2021-08-04Officer315
RYAN GAVINStock Award(Grant) at price 0.00 per share.D2021-08-04Officer315
BOOR WILLIAM CStock Award(Grant) at price 0.00 per share.D2021-06-28Chief Executive Officer1.15k
BOOR WILLIAM CStock Award(Grant) at price 0.00 per share.D2021-05-24Chief Executive Officer3.35k
DRAGASH MICKEY RStock Award(Grant) at price 0.00 per share.D2021-05-24General Counsel600
LIKE STEVEN KStock Award(Grant) at price 0.00 per share.D2021-05-24Officer300
REYNOLDS SIMONEStock Award(Grant) at price 0.00 per share.D2021-05-24Officer400
NINO MATTHEW AStock Award(Grant) at price 0.00 per share.D2021-05-24Officer250
BIGBEE PAULStock Award(Grant) at price 0.00 per share.D2021-05-24Officer250
CRUTCHER ANTHONYStock Award(Grant) at price 0.00 per share.D2021-05-24Chief Technology Officer150
BUNGER STEVEN GConversion of Exercise of derivative security at price 77.75 per share.D2021-04-06Director4k
BOOR WILLIAM CConversion of Exercise of derivative security at price 83.10 per share.D2021-03-11Chief Executive Officer4k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Cavco Industries Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Cavco Industries Inc

Here is the result of two systematic investment strategies applied to Cavco Industries Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Cavco Industries Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Cavco Industries Inc:

Cavco Industries Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 52.75% on the backtest period.

Performance at glance

Performance

52.75 %

Latent gain

922.41 $

Invested capital

1748.69 $

Annualized return

12.87 %
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Momentum strategy results on Cavco Industries Inc

This is the result of two momentum investment strategies applied to Cavco Industries Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Cavco Industries Inc

The following chart shows all the entries opened by the momentum investment system on Cavco Industries Inc:

Cavco Industries Inc momentum entries
  • The first momentum investment strategy would give 54.39% of return on Cavco Industries Inc. That represents 2728.78$ of latent gain with 5017.41$ of employed capital.
  • The second momentum investment strategy would give 51.11% of return on Cavco Industries Inc. That represents 1535.95$ of latent gain with 3004.92$ of employed capital.
Performance at glance (1Q Momentum)

Performance

54.39 %

Latent gain

2728.78 $

Invested capital

5017.41 $

Annualized return

24.25 %
Performance at glance (2Q Momentum)

Performance

51.11 %

Latent gain

1535.95 $

Invested capital

3004.92 $

Annualized return

14.12 %

Momentum equity curve on Cavco Industries Inc

The following chart shows the equity curve of the two momentum strategies applied to Cavco Industries Inc:

Cavco Industries Inc momentum equity

Note: the dividends potentially given by Cavco Industries Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cavco Industries Inc

The following chart shows the employed capital evolution of the two momentum strategies on Cavco Industries Inc since the beginning:

Cavco Industries Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Cavco Industries Inc

Buy the dip entry openings on Cavco Industries Inc

Cavco Industries Inc

The performance achieved by the robo-advisor on Cavco Industries Inc is 50.92%. That represents 360.51$ of latent gain with 707.93$ of employed capital. The following chart shows Cavco Industries Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Cavco Industries Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

50.92 %

Latent gain

360.51 $

Invested capital

707.93 $

Annualized return

24.25 %

Equity curve of the strategy applied to Cavco Industries Inc

The following chart shows the result of the investment strategy applied to Cavco Industries Inc:

Cavco Industries Inc

Note: the dividends potentially given by Cavco Industries Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cavco Industries Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Cavco Industries Inc:

Cavco Industries Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Cavco Industries Inc

In this section, I will compare the three previous investment strategies applied to Cavco Industries Inc.

Equity curve comparison on Cavco Industries Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Cavco Industries Inc investment strategy comparison

Employed capital comparison on Cavco Industries Inc

Cavco Industries Inc investment comparison

Performance comparison on Cavco Industries Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 52.75% 922.41$ 1748.69$ 12.87%
Momentum 1 quarter 54.39% 2728.78$ 5017.41$ 14.09%
Momentum 2 quarters 51.11% 1535.95$ 3004.92$ 14.12%
Non-directional 50.92% 360.51$ 707.93$ 24.25%
Annualized return comparison

Automatic investment

12.87 %

Momentum 1Q

14.12 %

Momentum 2Q

14.12 %

Non-directional

24.25 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Cavco Industries Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • Beyond Air Inc

  • Note: The algorithm computes the probability of correlation between Cavco Industries Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Cavco Industries Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Cavco Industries Inc
    Country United States
    City Phoenix
    Address 3636 North Central Avenue
    Phone 602 256 6263
    Website www.cavco.com
    FullTime employees 6300
    Industry Residential Construction
    Sector Consumer Cyclical
    Exchange XNAS
    Ticker CVCO
    Market www.nasdaq.com

    Cavco Industries Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown