A Business at a Glance
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Legacy Housing Corp operates in the Mobile Homes industry, Materials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 180M | 184M | 189M | 257M | 198M | 177M |
| Net Income | 48M | 62M | 54M | 68M | 50M | 38M |
| EPS | $1.95 | $2.48 | $2.17 | $2.74 | $2.05 | $1.57 |
| Free Cash Flow | 18M | 27M | -21M | -5.5M | 54M | -4.7M |
| ROIC | 8.8% | 10.3% | 10.6% | 16.9% | 14.8% | 13.3% |
| Gross Margin | 48.6% | 51.1% | 47.3% | 41.6% | 42.3% | 37.9% |
| Debt/Equity | 0.00 | 0.05 | 0.11 | 0.01 | 0.05 | 0.28 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 54M | 64M | 65M | 78M | 59M | 48M |
| Operating Margin | 29.7% | 34.5% | 34.1% | 30.4% | 29.8% | 26.9% |
| ROE | 9.2% | 13.2% | 12.5% | 17.7% | 17.5% | 15.8% |
| Shares Outstanding | 24M | 25M | 25M | 25M | 24M | 24M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 162M | 169M | 177M | 198M | 257M | 189M | 184M | 180M |
| Gross Margin | 33.8% | 37.9% | 37.9% | 42.3% | 41.6% | 47.3% | 51.1% | 48.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 21M | 25M | 19M | 23M | 28M | 24M | 23M | 26M |
| EBIT | 33M | 38M | 48M | 59M | 78M | 65M | 64M | 54M |
| Op. Margin | 20.3% | 22.4% | 26.9% | 29.8% | 30.4% | 34.1% | 34.5% | 29.7% |
| Net Income | 22M | 29M | 38M | 50M | 68M | 54M | 62M | 48M |
| Net Margin | 13.3% | 17.1% | 21.5% | 25.3% | 26.4% | 28.8% | 33.5% | 26.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 10.7% | 13.2% | 13.3% | 14.8% | 16.9% | 10.6% | 10.3% | 8.8% |
| ROE | 11.4% | 14.0% | 15.8% | 17.5% | 17.7% | 12.5% | 13.2% | 9.2% |
| ROA | 9.2% | 11.1% | 12.2% | 14.1% | 15.5% | 10.7% | 11.8% | 8.6% |
| Cash Flow | ||||||||
| Op. Cash Flow | 2.8M | -4.2M | -1.8M | 60M | -1.7M | -14M | 36M | 26M |
| Free Cash Flow | -3.3M | -8.4M | -4.7M | 54M | -5.5M | -21M | 27M | 18M |
| Owner Earnings | 2.0M | -5.8M | -3.3M | 58M | -8.6M | -16M | 33M | 24M |
| CapEx | 6.1M | 4.2M | 2.8M | 6.0M | 3.8M | 7.7M | 9.2M | 7.6M |
| Maint. CapEx | 838K | 1.0M | 1.2M | 1.6M | 1.9M | 1.7M | 1.9M | 1.8M |
| Growth CapEx | 5.3M | 3.2M | 1.6M | 4.4M | 1.9M | 6.0M | 7.3M | 5.8M |
| D&A | 838K | 1.0M | 1.2M | 1.6M | 1.9M | 1.7M | 1.9M | 1.8M |
| CapEx/OCF | 217.6% | N/A | N/A | 9.9% | N/A | N/A | 25.6% | 29.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 3.1M | 1.4M | 1.4M | 0 | 0 | 5.4M | 6.5M |
| Buyback Yield | N/A | 0.7% | 0.4% | N/A | N/A | N/A | 0.9% | 1.3% |
| Stock-Based Comp | N/A | 630K | 226K | 230K | 4.9M | 769K | 777K | 691K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | 25M | 2.5M | 72M | 15M | -546K | 46M | 21M | -27M |
| Cash & Equiv. | 2.6M | 1.7M | 768K | 1.0M | 2.8M | 748K | 1.1M | 27M |
| Long-Term Debt | 14M | 2.0M | 36M | 8.0M | 2.5M | 24M | 24M | 24M |
| Debt/Equity | 0.15 | 0.02 | 0.28 | 0.05 | 0.01 | 0.11 | 0.05 | 0.00 |
| Interest Coverage | 13.1 | 53.9 | 45.2 | 66.4 | 208.0 | 69.4 | 92.3 | 2145.0 |
| Equity | 189M | 222M | 259M | 309M | 382M | 437M | 494M | 522M |
| Total Assets | 235M | 284M | 339M | 367M | 437M | 507M | 534M | 558M |
| Total Liabilities | 46M | 61M | 79M | 57M | 55M | 70M | 40M | 36M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 22M | 50M | 88M | 138M | 206M | 260M | 321M | 355M |
| Working Capital | 43M | 1.0M | 18M | 51M | 66M | 78M | 92M | 142M |
| Current Assets | 63M | 53M | 55M | 93M | 107M | 116M | 124M | 173M |
| Current Liabilities | 20M | 52M | 36M | 42M | 41M | 37M | 33M | 30M |
| Per Share Data | ||||||||
| EPS | 1.07 | 1.18 | 1.57 | 2.05 | 2.74 | 2.17 | 2.48 | 1.95 |
| Owner EPS | 0.10 | -0.24 | -0.14 | 2.40 | -0.35 | -0.64 | 1.34 | 0.99 |
| Book Value | 9.41 | 9.10 | 10.71 | 12.72 | 15.45 | 17.40 | 19.87 | 21.85 |
| Cash Flow/Share | 0.14 | -0.17 | -0.08 | 2.48 | -0.07 | -0.54 | 1.45 | 2.09 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 20.1M | 24.4M | 24.2M | 24.3M | 24.7M | 25.1M | 24.9M | 23.9M |
| Valuation | ||||||||
| P/E Ratio | 10.5 | 14.2 | 9.7 | 12.8 | 6.7 | 11.1 | 10.0 | 11.1 |
| P/FCF | N/A | N/A | N/A | 11.8 | N/A | N/A | 23.0 | 28.0 |
| EV/EBIT | 7.2 | 10.8 | 8.5 | 11.0 | 5.8 | 9.8 | N/A | 9.1 |
| Price/Book | 1.2 | 1.8 | 1.4 | 2.1 | 1.2 | 1.4 | 1.2 | 1.0 |
| Price/Sales | 1.7 | 2.3 | 2.2 | 2.7 | 2.1 | 3.7 | 4.7 | 2.9 |
| FCF Yield | -1.5% | -2.1% | -1.3% | 8.5% | -1.2% | -3.5% | 4.3% | 3.6% |
| Market Cap | 227M | 410M | 368M | 639M | 455M | 607M | 616M | 517M |
| Avg. Price | 11.66 | 13.68 | 13.48 | 18.55 | 18.85 | 21.23 | 24.55 | 21.65 |
| Year-End Price | 11.27 | 16.76 | 15.20 | 26.25 | 18.39 | 24.18 | 24.80 | 21.65 |
Legacy Housing Corp passes 4 of 9 quality checks, suggesting mixed fundamentals.
Legacy Housing Corp trades at 11.1x trailing earnings, compared to its 15-year median P/E of 10.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 28.0x vs a median of 17.4x. The company's 5-year average ROIC is 13.2% with a gross margin of 44.0%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is -1.1%.
Legacy Housing Corp (LEGH) has a current P/E ratio of 11.1, compared to its historical median P/E of 10.5. The stock is currently considered Fair based on its historical valuation range.
Legacy Housing Corp (LEGH) has a 5-year average return on invested capital (ROIC) of 13.2%. This indicates solid capital allocation.
Legacy Housing Corp (LEGH) has a market capitalization of $517M. It is classified as a small-cap stock.
Legacy Housing Corp (LEGH) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.26%.
Based on historical P/E analysis, Legacy Housing Corp (LEGH) appears fair. The current P/E of 11.1 is 5% above its historical median of 10.5. The estimated fair value CAGR (P/E method) is 12.0%.
Legacy Housing Corp (LEGH) operates in the Mobile Homes industry, within the Materials sector.
Legacy Housing Corp (LEGH) reported annual revenue of $184 million in its most recent fiscal year, based on SEC EDGAR filings.
Legacy Housing Corp (LEGH) has a net profit margin of 33.5%. This is a strong margin indicating high profitability.
Legacy Housing Corp (LEGH) generated $27 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Legacy Housing Corp (LEGH) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
Legacy Housing Corp (LEGH) reported earnings per share (EPS) of $2.48 in its most recent fiscal year.
Legacy Housing Corp (LEGH) has a return on equity (ROE) of 13.2%. This indicates moderate shareholder returns.
Legacy Housing Corp (LEGH) has a 5-year average gross margin of 44.0%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Legacy Housing Corp (LEGH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Legacy Housing Corp (LEGH) has a book value per share of $19.87, based on its most recent annual SEC filing.