Obermatt

Cavco Industries

NSQ:CVCO · US1495681074
Household DurablesLarge

360

76
EV / EBIT21
Price / Owner Earnings11
Owner Earnings Yield29
Dividend Yield1
Price/Sales7
EV / Gross Profit4
Price/Book13
Return on Capital89
Cash Return on Capital90
Return on Equity77
EBIT Margin57
Gross Profitability77
Cash Conversion75
Accruals14
Owner Earnings Margin65
Sales growth71
Profit Growth63
Long-Term EPS Growth33
Owner Earnings Growth54
Reinvestment59
Price momentum72
Debt load95
Refinancing28
Debt Payback100
Liquidity90
Analyst ratings91
Opinion Changes50
Price Target Upside14
Market mood67
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Cavco Industries clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryHousehold Durables
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded2003
Employees400
ISINUS1495681074
Last UpdateApr 2, 2026
Themes
Residential SolarConsumer LendingInsurtechHome ImprovementManufacturingReal Estate

Description

Cavco Industries, Inc. designs and produces factory-built homes primarily distributed through a network of independent and company-owned retailers, planned community operators and residential developers. The company is one of the largest producers o…

Analysis

Hope premium

Cavco Industries, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 25.8×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analysts lean positive.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
79
2023202420252026

All-time high

91

Jan 2023

All-time low

58

Jan 2025

Average rank

76

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
21
24
27
Price/Earnings
16
23
34
28
Price/Book
13
14
24
32
Dividend Yield
1
1
1
1
Value (overall)
1
10
11
17

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →