Cavco Industries, Inc.

Cavco Industries, Inc.

CVCOยทNASDAQ

$544.46

+0.24%
Consumer CyclicalResidential Construction

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.

At a Glance

Live Snapshot
Market Cap$4.18B
EPS24.2600
P/E Ratio22.44
Earnings Date07/30/2026
Cavco Industries, Inc.

Cavco Industries, Inc. Fair Value Envelope

CVCO ยท NASDAQ

Our analysis suggests that CVCO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $544.46, this represents a potential HIDDEN relative to our calculated worth for Cavco Industries, Inc..

Intrinsic Value
Current Price: $544.46

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$483.6M
+ Cash & Equivalents$257.0M
Firm Value$740.7M
- Debt$30.7M
Equity Value$709.9M
/ Shares Outstanding7,995,069B
DCF Value$89
OVERVALUED BY 84%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$135.3M
$102.5M
$77.7M
$58.9M
$44.6M
$33.8M
$25.6M
$19.4M
$14.7M
$11.2M
Maintenance CapEx
-$3.2M
-$2.5M
-$1.9M
-$1.4M
-$1.1M
-$811.8K
-$615.2K
-$466.2K
-$353.3K
-$267.7K
Owner Earnings
$132.0M
$100.1M
$75.8M
$57.5M
$43.5M
$33.0M
$25.0M
$19.0M
$14.4M
$10.9M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$122.2M
$85.8M
$60.2M
$42.2M
$29.6M
$20.8M
$14.6M
$10.2M
$7.2M
$5.0M
Terminal Value represents 17.7% of Enterprise Value