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LEGH

Legacy HousingNasdaqGS:LEGH Stock Report

Last Price

US$23.87

Market Cap

US$577.9m

7D

-3.6%

1Y

56.8%

Updated

19 Jan, 2022

Data

Company Financials +
LEGH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
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

Skyline Champion

NYSE:SKY

US$3.7b

Cavco Industries

NasdaqGS:CVCO

US$2.5b

Berkshire Hathaway

NYSE:BRK.A

US$715.1b

Price History & Performance

Summary of all time highs, changes and price drops for Legacy Housing
Historical stock prices
Current Share PriceUS$23.87
52 Week HighUS$28.84
52 Week LowUS$13.95
Beta0.96
1 Month Change-1.53%
3 Month Change37.26%
1 Year Change56.83%
3 Year Change84.90%
5 Year Changen/a
Change since IPO98.42%

Recent News & Updates

Jan 06

Legacy Housing Corporation Continues To Deliver

LEGH just had the best quarter with record revenue and earnings. The demand is still at a very high level. The company can sell all houses they manufacture. The business should do well under an inflationary environment.

Nov 07
When Should You Buy Legacy Housing Corporation (NASDAQ:LEGH)?

When Should You Buy Legacy Housing Corporation (NASDAQ:LEGH)?

Legacy Housing Corporation ( NASDAQ:LEGH ), might not be a large cap stock, but it received a lot of attention from a...

Shareholder Returns

LEGHUS Consumer DurablesUS Market
7D-3.6%-4.1%-3.5%
1Y56.8%16.4%10.2%

Return vs Industry: LEGH exceeded the US Consumer Durables industry which returned 16.4% over the past year.

Return vs Market: LEGH exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is LEGH's price volatile compared to industry and market?
LEGH volatility
LEGH Average Weekly Movement7.1%
Consumer Durables Industry Average Movement6.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: LEGH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: LEGH's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005870Kenny Shipleyhttps://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 or wholesale 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$577.88m
Earnings (TTM)US$46.67m
Revenue (TTM)US$193.70m

12.4x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LEGH income statement (TTM)
RevenueUS$193.70m
Cost of RevenueUS$117.36m
Gross ProfitUS$76.34m
ExpensesUS$29.67m
EarningsUS$46.67m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.93
Gross Margin39.41%
Net Profit Margin24.09%
Debt/Equity Ratio2.8%

How did LEGH perform over the long term?

See historical performance and comparison

Valuation

Is Legacy Housing undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LEGH ($23.87) is trading below our estimate of fair value ($243.86)

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


Price To Earnings Ratio

PE vs Industry: LEGH is poor value based on its PE Ratio (12.4x) compared to the US Consumer Durables industry average (9.5x).

PE vs Market: LEGH is good value based on its PE Ratio (12.4x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: LEGH is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: LEGH's PB Ratio (2x) is in line with the US Consumer Durables industry average.


Future Growth

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

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LEGH's forecast earnings growth (4.1% per year) is above the savings rate (2%).

Earnings vs Market: LEGH's earnings (4.1% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: LEGH's revenue (7.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: LEGH's revenue (7.2% 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


Past Performance

How has Legacy Housing performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LEGH has high quality earnings.

Growing Profit Margin: LEGH's current net profit margins (24.1%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: LEGH's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: LEGH's earnings growth over the past year (35.8%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: LEGH earnings growth over the past year (35.8%) underperformed the Consumer Durables industry 74.2%.


Return on Equity

High ROE: LEGH's Return on Equity (15.8%) is considered low.


Financial Health

How is Legacy Housing's financial position?


Financial Position Analysis

Short Term Liabilities: LEGH's short term assets ($83.4M) exceed its short term liabilities ($38.9M).

Long Term Liabilities: LEGH's short term assets ($83.4M) exceed its long term liabilities ($14.4M).


Debt to Equity History and Analysis

Debt Level: LEGH's net debt to equity ratio (2.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LEGH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LEGH's debt is well covered by operating cash flow (673.4%).

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


Balance Sheet


Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LEGH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Kenny Shipley (62 yo)

17yrs

Tenure

US$46,923

Compensation

Mr. Kenneth E. Shipley also known as Kenny, co-founded Legacy Housing Corporation in 2005 and has been its Director since January 2018 and serves as its Chief Executive Officer & President since February 0...


CEO Compensation Analysis

Compensation vs Market: Kenny's total compensation ($USD46.92K) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Kenny's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LEGH's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: LEGH's board of directors are not considered experienced ( 1.1 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

Ownership Breakdown

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


Top Shareholders

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$577.882m
  • Shares outstanding: 24.21m
  • Website: https://www.legacyhousingcorp.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:51
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.