` Comparison: CVCO vs PHM - Alpha Spread

CVCO
vs
PHM

Over the past 12 months, CVCO has underperformed PHM, delivering a return of +11% compared to the PHM's +35% growth.

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CVCO
PHM
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Valuation Comparison

CVCO Intrinsic Value
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PHM Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Cavco Industries Inc
NASDAQ:CVCO
574.96 USD
Pultegroup Inc
NYSE:PHM
137.38 USD
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Valuation Scenario:
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Bull Case

Growth Comparison

Growth Over Time
CVCO, PHM

CVCO
PHM
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Cavco Industries Inc
Revenue
Pultegroup Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CVCO, PHM

CVCO
PHM
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Cavco Industries Inc
NASDAQ:CVCO
Pultegroup Inc
NYSE:PHM
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What is Free Cash Flow?

Gross Margin

CVCO
23.4%
PHM
26.9%

Operating Margin

CVCO
10.4%
PHM
17.7%

Net Margin

CVCO
8.4%
PHM
12.8%

FCF Margin

CVCO
9.3%
PHM
10.1%

ROE

CVCO
17.3%
PHM
17.7%

ROA

CVCO
12.9%
PHM
12.5%

ROIC

CVCO
16.7%
PHM
15.3%

ROCE

CVCO
20.5%
PHM
19.9%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CVCO, PHM

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Performance Gap
CVCO, PHM

Performance Gap Between CVCO and PHM
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Performance By Year
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CVCO
PHM
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett