$1.9 B

CVCO Mkt cap, 15-Oct-2018

$246.4 M

Cavco Revenue Q1, 2019
Cavco Gross profit (Q1, 2019)51.5 M
Cavco Gross profit margin (Q1, 2019), %20.9%
Cavco Net income (Q1, 2019)19.7 M
Cavco EBIT (Q1, 2019)22.3 M
Cavco Cash, 30-Jun-2018177.5 M

Cavco Revenue

Cavco revenue was $871.24 m in FY, 2018

Embed Graph

Cavco Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

533.3m566.7m712.4m773.8m871.2m

Revenue growth, %

6%26%9%

Cost of goods sold

413.9m440.5m567.9m615.8m690.6m

Gross profit

119.5m126.1m144.4m158.0m180.7m

Gross profit Margin, %

22%22%20%20%21%

General and administrative expense

101.2m106.9m

Operating expense total

101.2m106.9m

EBIT

31.5m38.5m46.3m56.8m73.8m

EBIT margin, %

6%7%7%7%8%

Interest expense

4.8m4.6m4.4m4.4m4.4m

Pre tax profit

27.8m37.3m44.0m55.3m78.5m

Income tax expense

(9.1m)(13.5m)(15.5m)(17.3m)(17.0m)

Net Income

18.7m23.8m28.5m38.0m61.5m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017Q1, 2019

Revenue

129.8m138.3m139.2m139.3m146.9m161.7m192.0m181.4m188.3m185.1m202.3m206.8m246.4m

Cost of goods sold

99.9m106.7m107.4m107.7m115.1m129.8m152.4m145.0m149.2m151.9m158.8m164.9m194.9m

Gross profit

29.9m31.6m31.7m31.6m31.8m31.8m39.6m36.4m39.1m33.3m43.5m42.0m51.5m

Gross profit Margin, %

23%23%23%23%22%20%21%20%21%18%22%20%21%

General and administrative expense

22.1m22.0m22.2m22.3m22.0m22.7m26.6m23.7m25.4m24.7m26.0m26.3m29.2m

Operating expense total

22.1m22.0m22.2m22.3m22.0m22.7m26.6m23.7m25.4m24.7m26.0m26.3m29.2m

EBIT

7.8m9.6m9.5m9.3m9.8m9.2m13.0m12.7m13.7m8.6m17.5m15.7m22.3m

EBIT margin, %

6%7%7%7%7%6%7%7%7%5%9%8%9%

Interest expense

1.2m1.2m1.2m1.2m1.1m1.0m965.0k1.2m1.1m1.2m1.1m1.0m972.0k

Pre tax profit

6.7m8.5m8.9m8.7m10.6m8.6m12.5m12.0m13.1m8.4m17.3m15.7m24.1m

Income tax expense

(2.0m)(2.6m)(3.2m)(3.2m)(3.9m)(3.2m)(4.4m)(3.9m)(3.8m)(3.0m)(5.0m)(3.9m)(4.4m)

Net Income

4.7m5.9m5.8m5.5m6.6m5.4m8.1m8.1m9.3m5.4m12.3m11.8m19.7m

Cavco Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

72.9m96.6m97.8m132.5m186.8m

Accounts Receivable

20.8m27.0m29.1m31.2m35.0m

Inventories

69.7m75.3m94.8m93.9m109.2m

Current Assets

227.8m265.5m298.7m356.8m418.6m

PP&E

48.2m44.7m55.1m57.0m63.4m

Total Assets

469.2m502.6m553.8m607.3m674.8m

Accounts Payable

15.3m17.8m18.5m24.0m23.8m

Short-term debt

Current Liabilities

99.0m101.5m125.1m140.2m176.3m

Long-term debt

Additional Paid-in Capital

232.1m237.9m241.7m244.8m246.2m

Retained Earnings

57.8m81.6m110.2m148.1m209.4m

Total Equity

353.2m394.4m457.1m

Financial Leverage

1.6 x1.5 x1.5 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017Q1, 2019

Cash

61.7m59.5m73.6m80.8m92.2m70.2m92.9m96.2m115.0m102.5m119.7m129.5m177.5m

Accounts Receivable

21.7m27.0m25.0m21.5m22.8m28.3m30.6m29.9m32.6m28.3m35.7m34.5m39.9m

Inventories

69.3m67.5m73.6m73.6m71.8m96.6m89.0m91.7m92.6m94.8m86.6m99.1m110.4m

Current Assets

215.9m215.7m234.8m249.5m252.2m270.2m284.9m291.5m330.8m305.8m334.6m356.6m429.2m

PP&E

45.8m45.7m48.0m44.6m44.8m53.8m53.5m53.9m56.5m56.1m56.9m57.6m64.0m

Total Assets

458.6m456.8m474.5m487.3m489.6m522.9m536.4m542.5m576.5m560.4m582.1m609.7m693.6m

Accounts Payable

17.7m11.6m15.7m17.1m12.8m18.5m19.7m17.0m22.7m19.0m16.6m25.0m24.6m

Current Liabilities

95.7m90.1m98.8m101.0m95.9m116.4m124.0m121.1m133.4m127.4m125.8m142.4m175.6m

Additional Paid-in Capital

231.3m231.6m232.6m236.6m237.6m238.5m240.1m241.1m243.8m241.7m244.3m243.5m244.6m

Retained Earnings

47.7m53.6m63.6m69.1m75.7m87.0m95.1m103.2m125.0m115.6m137.3m160.0m231.1m

Total Equity

296.9m306.2m313.8m325.7m335.1m344.2m371.0m358.6m384.0m404.4m475.7m

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.6 x1.6 x1.6 x1.6 x1.5 x1.5 x1.5 x

Cavco Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

18.7m23.8m28.5m38.0m61.5m

Depreciation and Amortization

4.0m3.8m3.9m3.7m4.0m

Accounts Receivable

(2.1m)(6.2m)3.3m(2.1m)(4.1m)

Inventories

(924.0k)(5.6m)(4.0m)958.0k(13.4m)

Accounts Payable

7.3m

Cash From Operating Activities

46.8m25.7m43.5m44.8m58.8m

Purchases of PP&E

(2.3m)(2.2m)(3.5m)(5.3m)(8.4m)

Cash From Investing Activities

(9.7m)(2.1m)(38.2m)(7.1m)(4.7m)

Cash From Financing Activities

(12.0m)49.0k(4.1m)(3.0m)124.0k

Interest Paid

4.7m4.1m3.9m3.4m2.9m

Income Taxes Paid

6.8m7.4m15.4m18.1m17.3m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q2, 2016Q1, 2016Q3, 2017Q1, 2017Q1, 2019

Net Income

8.6m14.5m5.8m11.2m17.9m5.4m13.5m21.6m14.8m5.4m27.1m11.8m19.7m

Depreciation and Amortization

2.0m3.0m984.0k1.9m2.8m934.0k1.9m2.9m1.9m946.0k2.8m974.0k1.1m

Accounts Receivable

(3.0m)(8.4m)(4.3m)(781.0k)(2.0m)4.2m1.9m2.5m(3.5m)791.0k(6.6m)(2.0m)(4.9m)

Inventories

(473.0k)1.3m(3.9m)(3.8m)(2.1m)(6.0m)1.6m(1.1m)2.2m17.0k8.2m(3.7m)(1.3m)

Accounts Payable

1.8m

Cash From Operating Activities

22.5m26.7m2.2m8.7m17.6m3.9m29.8m35.1m22.4m8.2m28.8m(47.0k)(2.1m)

Purchases of PP&E

(832.0k)(1.7m)(410.0k)(937.0k)(1.7m)(526.0k)(1.1m)(2.4m)(3.1m)(1.9m)(4.3m)(594.0k)(1.7m)

Cash From Investing Activities

(1.9m)(5.6m)183.0k(1.4m)941.0k(29.2m)(31.4m)(32.7m)(2.3m)(1.2m)(3.7m)(608.0k)(1.6m)

Cash From Financing Activities

(6.7m)(9.4m)(1.7m)499.0k713.0k(1.1m)(2.2m)(2.8m)(2.8m)(2.3m)(3.2m)(2.4m)(4.1m)

Interest Paid

2.4m3.6m1.1m2.1m3.1m978.0k1.9m2.8m1.8m904.0k2.6m767.0k663.0k

Income Taxes Paid

4.0m6.7m1.4m4.6m6.0m3.2m5.5m10.6m7.8m3.7m11.6m2.1m6.2m

Cavco Ratios

USDY, 2018

Financial Leverage

1.5 x
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