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Cavco Industries, Inc. (CVCO) stock analysis

CVCONasdaqMobile HomesFiscal year ends April 3
Financials through Q2 FY2027, quarter ended Sep 26, 2026Last filing: 10-Q on Oct 30, 2026Score 12/3036% above fair value
$642.01−8.53 (-1.31%)

Close on Nov 12, 2026Market cap $4.90BP/E 27.2Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth1Performance5Health6Dividend0

Mixed12 of 30 checks passed

Cavco Industries passes 12 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
1/6
Past performance
5/6
Financial health
6/6
Dividend
0/6

What stands out

  • Return on equity over 15%

    Return on equity was 16.6% over the last twelve months and averaged 20.5% over five years.

  • Return on capital over 10%

    Return on invested capital was 22.6%, above the 10% that usually covers the cost of capital.

  • No debt

    Cavco Industries has no borrowings on its latest balance sheet.

  • Earnings grew over 5 years

    Net income grew 20.0% a year on average over the last five fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 35.7% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $650.54 is above our fair value estimate of $479.24.

  • Revenue growing under 10% a year

    Revenue grew 1.6% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -3.8% a year over the last three fiscal years.

Valuation0/6

  • P/E above its 5-year median

    Cavco Industries's P/E of 27.6 is above its own 5-year median of 20.3.

  • P/E above the industry

    Cavco Industries's P/E of 27.6 is above the Materials median of 21.9.

  • EV/EBITDA above its 5-year median

    Cavco Industries's EV/EBITDA of 18.3 is above its 5-year median of 14.1.

  • P/B above the industry

    Cavco Industries's price-to-book of 4.37 is above the Materials median of 2.09.

  • Trading above fair value

    The share price of $650.54 is above our fair value estimate of $479.24.

  • Margin of safety under 20%

    The price is 35.7% above fair value, so there is no margin of safety.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew 1.6% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew -3.8% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -6.4% over the last twelve months, against a 5-year average of 20.0% a year.

  • Growing faster than the industry

    Revenue grew 11.8% over the last twelve months; the Materials median is -1.9%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin slipping

    Gross margin was 22.7% over the last twelve months, against 23.8% a year earlier.

Past performance5/6

  • Return on equity over 15%

    Return on equity was 16.6% over the last twelve months and averaged 20.5% over five years.

  • Return on capital over 10%

    Return on invested capital was 22.6%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Cavco Industries's return on equity of 16.6% is above the Materials median of 11.4%.

  • Earnings grew over 5 years

    Net income grew 20.0% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 7.7% over the last twelve months, against a 5-year average of 9.8%.

  • Net margin above the industry

    Cavco Industries's net margin of 7.7% is above the Materials median of 6.8%.

Financial health6/6

  • No debt

    Cavco Industries has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    Operating income covers interest expense 336.8 times.

  • Short-term assets cover short-term debts

    Current assets are 2.10 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 9.87; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Cavco Industries has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$479.24

The share price is 36% above this estimate.

20%+ below
Near fair value
20%+ above
$650.54Price$479.24Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E21.1×20.3×21.9×$497.5240%
EV/EBITDA16.2×14.1×18.3×$579.5835%
P/B2.6×3.2×2.1×$393.9410%
Earnings power10.5% cost of equity––$253.2115%
Fair value$479.24100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 20.3
  • Materials median 21.9

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$64.53M
Value traded per 1% price move
$27.96M

Downside

Medium risk

Typical loss in a bad month
18.9%
Volatility (annualized)
46%
Sharpe ratio, 1 year
0.20
Beta to the S&P 500 (5Y)
1.13

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2026

Gross margin

23.5%+1.9 pts over 5 years

Operating margin

10.2%+2.2 pts over 5 years

Net margin

8.5%+1.6 pts over 5 years

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