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Cavco Industries Inc (CVCO) Files 10-K for the Fiscal Year Ended on March 31, 2019

- By insider

Cavco Industries Inc (CVCO) files its latest 10-K with SEC for the fiscal year ended on March 31, 2019. Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes and vacation cabins, as well as commercial structures, among others. Cavco Industries Inc has a market cap of $1.37 billion; its shares were traded at around $150.94 with a P/E ratio of 20.39 and P/S ratio of 1.44. Cavco Industries Inc had annual average EBITDA growth of 19.00% over the past five years.


For the last quarter Cavco Industries Inc reported a revenue of $241.1 million, compared with the revenue of $242.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $962.7 million, an increase of 10.5% from last year. For the last five years Cavco Industries Inc had an average revenue growth rate of 13.2% a year.

The reported diluted earnings per share was $7.4 for the year, an increase of 10.8% from previous year. Over the last five years Cavco Industries Inc had an EPS growth rate of 32.2% a year. The Cavco Industries Inc had an operating margin of 8.74%, compared with the operating margin of 8.47% a year before. The 10-year historical median operating margin of Cavco Industries Inc is 5.28%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Cavco Industries Inc has the cash and cash equivalents of $187.4 million, compared with $186.8 million in the previous year. The long term debt was $14.6 million, compared with $33.8 million in the previous year. The interest coverage to the debt is at a comfortable level of 24.4. Cavco Industries Inc has a financial strength rank of 8 (out of 10).

At the current stock price of $150.94, Cavco Industries Inc is traded at 16.1% premium to its historical median P/S valuation band of $129.98. The P/S ratio of the stock is 1.44, while the historical median P/S ratio is 1.25. The stock lost 17.65% during the past 12 months.

For the complete 20-year historical financial data of CVCO, click here.

This article first appeared on GuruFocus.