Champion Homes, Inc. (SKY) intrinsic value & 10-year financials
Champion Homes, Inc. (SKY) has a Graham intrinsic value of $121.57 per share. At $77.74 on Oct 17, 2026, the stock trades 36% below that value. Over the last 10 fiscal years revenue grew 30.9% a year to $2.7B, with an average return on invested capital of 29.0%.
- Graham intrinsic value
- $121.57
- Share price (Oct 17, 2026)
- $77.74
- Price vs Graham value
- 36% below
- Market cap
- $4.4B
- Revenue (FY2026)
- $2.7B
- Revenue growth (10-yr CAGR)
- 30.9%
- ROIC (10-yr avg)
- 29.0%
- Free cash flow (FY2026)
- $269.7M
SKY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.7B | $206.9M | $3.66 | $269.7M | 9.5% | 20.2% |
| FY2025 | $2.5B | $198.4M | $3.42 | $190.3M | 9.5% | 19.0% |
| FY2024 | $2.0B | $146.7M | $2.53 | $169.8M | 8.7% | 17.6% |
| FY2023 | $2.6B | $401.8M | $7.00 | $364.0M | 19.9% | 83.9% |
| FY2022 | $2.2B | $248.0M | $4.33 | $192.5M | 15.1% | 65.7% |
| FY2021 | $1.4B | $84.9M | $1.49 | $145.9M | 7.7% | 23.5% |
| FY2020 | $1.4B | $58.2M | $1.02 | $61.4M | 6.3% | 17.1% |
| FY2019 | $1.4B | -$58.2M | -$1.09 | $53.1M | -2.2% | -13.6% |
| FY2018 | $1.1B | $15.8M | $0.33 | $22.2M | 5.1% | 27.6% |
| FY2017 | $236.5M | $5.0K | $0.00 | $1.5M | 0.1% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Champion Homes, Inc. is a consistent compounder, expanding top-line revenue at 30.9% annually over the past decade.
Champion Homes, Inc. has earned high returns on invested capital, averaging 29.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Champion Homes, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Champion Homes, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $121.57 per share.