Cavco (CVCO) Financials

$1.6 B

Mkt cap, 23-May-2018

$773.8 M

Revenue FY, 2017
Revenue growth (FY, 2016 - FY, 2017), %9%
Gross profit (FY, 2017)158 M
Gross profit margin (FY, 2017), %20.4%
Net income (FY, 2017)38 M
EBIT (FY, 2017)56.8 M
Cash, 01-Apr-2017132.5 M

Revenue/Financials

Income Statement

Annual

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

Revenue

533.3 m566.7 m712.4 m773.8 m

Revenue growth, %

6%26%9%

Cost of goods sold

413.9 m440.5 m567.9 m615.8 m

Gross profit

119.5 m126.1 m144.4 m158 m

Gross profit Margin, %

22%22%20%20%

General and administrative expense

101.2 m

Operating expense total

101.2 m

EBIT

31.5 m38.5 m46.3 m56.8 m

EBIT margin, %

6%7%7%7%

Interest expense

4.8 m4.6 m4.4 m4.4 m

Pre tax profit

27.8 m37.3 m44 m55.3 m

Income tax expense

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

Net Income

18.7 m23.8 m28.5 m38 m

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

1.2 m1.2 m1.2 m1.2 m1.1 m1 m965 k1.2 m1.1 m1.2 m1.1 m1 m

Pre tax profit

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

Income tax expense

(2 m)(2.6 m)(3.2 m)(3.2 m)(3.9 m)(3.2 m)(4.4 m)(3.9 m)(3.8 m)(3 m)(5 m)(3.9 m)

Net Income

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

Balance Sheet

Annual

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

Cash

72.9 m96.6 m97.8 m132.5 m

Accounts Receivable

20.8 m27 m29.1 m31.2 m

Inventories

69.7 m75.3 m94.8 m93.9 m

Current Assets

227.8 m265.5 m298.7 m356.8 m

PP&E

48.2 m44.7 m55.1 m57 m

Total Assets

469.2 m502.6 m553.8 m607.3 m

Accounts Payable

15.3 m17.8 m18.5 m24 m

Short-term debt

Current Liabilities

99 m101.5 m125.1 m140.2 m

Long-term debt

Additional Paid-in Capital

232.1 m237.9 m241.7 m244.8 m

Retained Earnings

57.8 m81.6 m110.2 m148.1 m

Total Equity

353.2 m394.4 m

Financial Leverage

1.6 x1.5 x

Quarterly

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

PP&E

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

Total Assets

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

Accounts Payable

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

Current Liabilities

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

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

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

Financial Leverage

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

Cash Flow

Annual

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

Net Income

18.7 m23.8 m28.5 m38 m

Depreciation and Amortization

4 m3.8 m3.9 m3.7 m

Accounts Receivable

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

Inventories

(924 k)(5.6 m)(4 m)958 k

Accounts Payable

Cash From Operating Activities

46.8 m25.7 m43.5 m44.8 m

Purchases of PP&E

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

Cash From Investing Activities

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

Cash From Financing Activities

(12 m)49 k(4.1 m)(3 m)

Interest Paid

4.7 m4.1 m3.9 m3.4 m

Income Taxes Paid

6.8 m7.4 m15.4 m18.1 m

Quarterly

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

Net Income

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

Depreciation and Amortization

2 m3 m984 k1.9 m2.8 m934 k1.9 m2.9 m1.9 m946 k2.8 m974 k

Accounts Receivable

(3 m)(8.4 m)(4.3 m)(781 k)(2 m)4.2 m1.9 m2.5 m(3.5 m)791 k(6.6 m)(2 m)

Inventories

(473 k)1.3 m(3.9 m)(3.8 m)(2.1 m)(6 m)1.6 m(1.1 m)2.2 m17 k8.2 m(3.7 m)

Cash From Operating Activities

22.5 m26.7 m2.2 m8.7 m17.6 m3.9 m29.8 m35.1 m22.4 m8.2 m28.8 m(47 k)

Purchases of PP&E

(832 k)(1.7 m)(410 k)(937 k)(1.7 m)(526 k)(1.1 m)(2.4 m)(3.1 m)(1.9 m)(4.3 m)(594 k)

Cash From Investing Activities

(1.9 m)(5.6 m)183 k(1.4 m)941 k(29.2 m)(31.4 m)(32.7 m)(2.3 m)(1.2 m)(3.7 m)(608 k)

Cash From Financing Activities

(6.7 m)(9.4 m)(1.7 m)499 k713 k(1.1 m)(2.2 m)(2.8 m)(2.8 m)(2.3 m)(3.2 m)(2.4 m)

Interest Paid

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

Income Taxes Paid

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

Ratios

USDY, 2017

Revenue/Employee

192.2 k

Financial Leverage

1.5 x
Report incorrect company information