Cavco Industries Inc. engages in the design, production, wholesale, and retail sale of manufactured homes in the United States under the Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, and Chariot Eagle brands. It operates through two segments, Factory-Built Housing and Financial Services. The company markets its manufactured homes. The company was founded in 1965 and is based in Phoenix, Arizona.
CVCO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Cavco Industries Inc. To summarize, we found that Cavco Industries Inc ranked in the 53th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Cavco Industries Inc ended up being:
The company's debt burden, as measured by earnings divided by interest payments, is 73.45 -- which is good for besting 96.46% of its peer stocks (US stocks in the Consumer Cyclical sector with positive cash flow).
The business' balance sheet reveals debt to be 2% of the company's capital (with equity being the remaining amount). Approximately merely 7.92% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
CVCO's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 50.1% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Cavco Industries, Inc. (CVCO) Q1 2021 Earnings Conference Call July 31, 2020 1:00 PM ET Company Participants Mark Fusler - Director, Financial Reporting and Investor Relations Bill Boor - President and Chief Executive Officer Dan Urness - Executive Vice President and Chief Financial Officer Paul Bigbee - Chief Accounting Officer...
Ladies and gentlemen, thank you for standing by and welcome to the First Quarter of Fiscal Year 2021 Cavco Industries, Inc Earnings Conference Call. Good day and thank you for joining us for Cavco Industries first quarter of fiscal year 2021 earnings conference call. During this call, you'll be hearing from Bill Boor, President and Chief Executive Officer; Dan Urness, Executive Vice President and Chief Financial Officer; and Paul Bigbee, Chief Accounting Officer.
PHOENIX, July 30, 2020 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) today announced financial results for the first fiscal quarter ended June 27, 2020. On August 2, 2019, the Company completed the acquisition of Destiny Homes, which operates a manufactured and modular housing factory in Moultrie, Georgia. The results from this acquired operation since the acquisition date are included in the consolidated financial statements presented herein. Financial highlights include the following: * Net revenue for the first quarter of fiscal year 2021 was $254.8 million, down 3.5% from $264.0 million for the first quarter of fiscal year 2020. * The decrease is primarily from 12% lower home sales volume in the factory-built housing segment during the quarter. However, the Net rev...
PHOENIX, July 24, 2020 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq:CVCO) will release earnings for the first quarter ended June 27, 2020 on Thursday, July 30, 2020 after the close of market. Senior management will discuss the results in a live webcast the following day, Friday, July 31, 2020 at 1:00 PM Eastern Time.Date: July 31, 2020Time: 1:00 PM ET Listen via Internet: https://investor.cavco.com/Listen via Telephone: + 1 (844) 348-1686 (domestic) or + 1 (213) 358-0891 (international)If you are unable to participate during the live webcast, the call will be available for 90 days on https://investor.cavco.com/.Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of...