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LEGH

Legacy Housing NasdaqGS:LEGH Stock Report

Last Price

US$17.17

Market Cap

US$419.1m

7D

-2.9%

1Y

-3.9%

Updated

23 Sep, 2022

Data

Company Financials +
LEGH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

LEGH Stock Overview

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States.

Legacy Housing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Legacy Housing
Historical stock prices
Current Share PriceUS$17.17
52 Week HighUS$28.84
52 Week LowUS$11.96
Beta0.93
1 Month Change-2.39%
3 Month Change28.23%
1 Year Change-3.92%
3 Year Change6.85%
5 Year Changen/a
Change since IPO42.73%

Recent News & Updates

Aug 15

Legacy Housing receives non-compliance notification for delayed quarterly report filing

Nasdaq notified Legacy Housing (NASDAQ:LEGH) that it has not yet filed its quarterly report on Form 10-Q for the period ended June 30, 2022; it has earlier received non-compliance notification for quarterly report for the period ended Mar.31, 2022. It has been granted time until Sep.12, 2022 to submit a plan for filing both the reports. The company intends on filing the Form 10-Q1 and Form 10-Q2 as soon as practicable in order to regain compliance. The notice has no impact on the listing or trading of the stock.

Shareholder Returns

LEGHUS Consumer DurablesUS Market
7D-2.9%-2.7%-5.2%
1Y-3.9%-35.1%-23.1%

Return vs Industry: LEGH exceeded the US Consumer Durables industry which returned -34.9% over the past year.

Return vs Market: LEGH exceeded the US Market which returned -21.6% over the past year.

Price Volatility

Is LEGH's price volatile compared to industry and market?
LEGH volatility
LEGH Average Weekly Movement10.7%
Consumer Durables Industry Average Movement6.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: LEGH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: LEGH's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005880Duncan Bateshttps://www.legacyhousingcorp.com

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms. It also provides floor plan financing for independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy its products for use in their rental housing communities.

Legacy Housing Fundamentals Summary

How do Legacy Housing's earnings and revenue compare to its market cap?
LEGH fundamental statistics
Market CapUS$419.05m
Earnings (TTM)US$55.26m
Revenue (TTM)US$217.50m

7.6x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LEGH income statement (TTM)
RevenueUS$217.50m
Cost of RevenueUS$125.78m
Gross ProfitUS$91.72m
Other ExpensesUS$36.46m
EarningsUS$55.26m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.26
Gross Margin42.17%
Net Profit Margin25.41%
Debt/Equity Ratio1.5%

How did LEGH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is LEGH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LEGH?

Other financial metrics that can be useful for relative valuation.

LEGH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA6.4x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

How does LEGH's PE Ratio compare to its peers?

LEGH PE Ratio vs Peers
The above table shows the PE ratio for LEGH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.8x
BZH Beazer Homes USA
1.8x-5.8%US$333.8m
HOV Hovnanian Enterprises
1.3xn/aUS$260.2m
LSEA Landsea Homes
2.8x-9.4%US$209.5m
DFH Dream Finders Homes
5.5x11.9%US$947.1m
LEGH Legacy Housing
7.6x2.4%US$419.1m

Price-To-Earnings vs Peers: LEGH is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does LEGH's PE Ratio compare vs other companies in the US Consumer Durables Industry?

Price-To-Earnings vs Industry: LEGH is expensive based on its Price-To-Earnings Ratio (7.6x) compared to the US Consumer Durables industry average (6.4x)


Price to Earnings Ratio vs Fair Ratio

What is LEGH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LEGH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.6x
Fair PE Ratio8.6x

Price-To-Earnings vs Fair Ratio: LEGH is good value based on its Price-To-Earnings Ratio (7.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.6x).


Share Price vs Fair Value

What is the Fair Price of LEGH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LEGH ($17.17) is trading below our estimate of fair value ($32.38)

Significantly Below Fair Value: LEGH is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Legacy Housing forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LEGH's forecast earnings growth (2.4% per year) is above the savings rate (1.9%).

Earnings vs Market: LEGH's earnings (2.4% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: LEGH's earnings are forecast to grow, but not significantly.

Revenue vs Market: LEGH's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: LEGH's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LEGH's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Legacy Housing performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LEGH has high quality earnings.

Growing Profit Margin: LEGH's current net profit margins (25.4%) are higher than last year (22.2%).


Past Earnings Growth Analysis

Earnings Trend: LEGH's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: LEGH's earnings growth over the past year (39.3%) exceeds its 5-year average (21.8% per year).

Earnings vs Industry: LEGH earnings growth over the past year (39.3%) exceeded the Consumer Durables industry 29%.


Return on Equity

High ROE: LEGH's Return on Equity (16.8%) is considered low.


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Financial Health

How is Legacy Housing's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LEGH's short term assets ($109.1M) exceed its short term liabilities ($45.8M).

Long Term Liabilities: LEGH's short term assets ($109.1M) exceed its long term liabilities ($15.4M).


Debt to Equity History and Analysis

Debt Level: LEGH's net debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: LEGH's debt to equity ratio has reduced from 41.5% to 1.5% over the past 5 years.

Debt Coverage: LEGH's debt is well covered by operating cash flow (1195.8%).

Interest Coverage: LEGH earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Legacy Housing current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate LEGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LEGH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LEGH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LEGH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LEGH has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Duncan Bates (37 yo)

0.25yr

Tenure

US$20,000

Compensation

Mr. Robert Duncan Bates, also known as Duncan, serves as President & Chief Executive Officer at Legacy Housing Corporation since June 07, 2022. He served as an Independent Director at Legacy Housing Corpor...


Leadership Team

Experienced Management: LEGH's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: LEGH's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:LEGH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 Oct 21SellUS$168,900Curtis HodgsonIndividual10,000US$16.89
13 Oct 21SellUS$170,300Kenneth ShipleyIndividual10,000US$17.03
08 Oct 21SellUS$132,474Kenneth ShipleyIndividual7,630US$17.55
05 Oct 21SellUS$307,275Kenneth ShipleyIndividual17,370US$17.69

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 80.9% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
38.24%
Kenneth Shipley
9,332,406$160.2m0%no data
22.86%
Curtis Hodgson
5,578,411$95.8m-6.69%no data
1.97%
The Vanguard Group, Inc.
480,116$8.2m4.28%no data
1.79%
BlackRock, Inc.
435,923$7.5m0.82%no data
1.72%
Royce & Associates, LP
420,102$7.2m-0.33%0.07%
1.62%
Columbia Management Investment Advisers, LLC
396,140$6.8m11.8%no data
1.17%
Yacktman Asset Management LP
285,000$4.9m22.79%0.04%
1.06%
Punch & Associates Investment Management, Inc.
259,300$4.5m5.06%0.3%
0.98%
Voss Capital, LLC
238,726$4.1m-2.56%1.07%
0.91%
Thompson, Siegel & Walmsley LLC
222,970$3.8m0%0.05%
0.86%
Sterling Capital Management LLC
209,441$3.6m1.85%0.05%
0.79%
Bard Associates Inc.
191,645$3.3m5.8%1.48%
0.74%
Robotti & Company, Incorporated
181,345$3.1m0%0.63%
0.71%
Dimensional Fund Advisors LP
173,904$3.0m31.19%no data
0.7%
GW&K Investment Management, LLC
171,131$2.9m-22.86%0.03%
0.69%
Geode Capital Management, LLC
168,514$2.9m3.17%no data
0.63%
Timelo Investment Management Inc.
152,708$2.6m-34.18%2.36%
0.6%
State Street Global Advisors, Inc.
147,179$2.5m3.35%no data
0.5%
Millennium Management LLC
122,438$2.1m221.24%no data
0.41%
Shipley Bros., Ltd.
100,000$1.7m0%no data
0.41%
Cusach, Inc.
100,000$1.7m0%no data
0.41%
Perritt Capital Management, Inc.
99,950$1.7m-1.5%1.05%
0.41%
Redmond Asset Management, LLC
99,438$1.7m-0.11%0.61%
0.4%
Renaissance Technologies LLC
97,525$1.7m181.86%no data
0.33%
Teton Advisors, LLC
80,700$1.4m19.2%0.26%

Company Information

Legacy Housing Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Legacy Housing Corporation
  • Ticker: LEGH
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Implied Market Cap: US$419.051m
  • Shares outstanding: 24.41m
  • Website: https://www.legacyhousingcorp.com

Number of Employees


Location

  • Legacy Housing Corporation
  • 1600 Airport Freeway
  • Suite 100
  • Bedford
  • Texas
  • 76022
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LEGHNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 2018
519MUN (Boerse Muenchen)YesCommon StockDEEURDec 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.