$Cavco Industries (CVCO.US)$In the past five years, revenue,...
$Cavco Industries (CVCO.US)$In the past five years, revenue, operating profit, and net profit have increased dramatically in the past two years. Judging from the quarterly report, they have been declining for 2 consecutive quarters since 2023Q4.
In 2024Q1, revenue fell 19.1%, operating profit fell 28.5%, and net profit fell 22.3%.
Currently, the price-earnings ratio is 10.8, and the price-earnings ratio TTM has risen slightly to 11.3. If you calculate the 5-year average net profit of 132 million, the price-earnings ratio is 19, and the valuation doesn't seem very attractive.
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