LEGH Stock Overview
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States.
No risks detected for LEGH from our risk checks.
Legacy Housing Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$23.87|
|52 Week High||US$28.84|
|52 Week Low||US$13.95|
|1 Month Change||-1.53%|
|3 Month Change||37.26%|
|1 Year Change||56.83%|
|3 Year Change||84.90%|
|5 Year Change||n/a|
|Change since IPO||98.42%|
Recent News & Updates
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.
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...
|LEGH||US Consumer Durables||US Market|
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.
|LEGH Average Weekly Movement||7.1%|
|Consumer Durables Industry Average Movement||6.5%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.4%|
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
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
|LEGH fundamental statistics|
Is LEGH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LEGH income statement (TTM)|
|Cost of Revenue||US$117.36m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.93|
|Net Profit Margin||24.09%|
How did LEGH perform over the long term?See historical performance and comparison
Is Legacy Housing undervalued compared to its fair value and its price relative to the market?
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.
How is Legacy Housing forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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
How has Legacy Housing performed over the past 5 years?
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.
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 ($14.4M).
Debt to Equity History and Analysis
Debt Level: LEGH's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LEGH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LEGH's debt is well covered by operating cash flow (673.4%).
Interest Coverage: LEGH earns more interest than it pays, so coverage of interest payments is not a concern.
What is Legacy Housing current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LEGH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LEGH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LEGH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LEGH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LEGH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kenny Shipley (62 yo)
Mr. Kenneth E. Shipley also known as Kenny, co-founded Legacy Housing Corporation in 2005 and has been its Director since January 2018 and serves as its Chief Executive Officer & President since February 0...
CEO Compensation Analysis
Compensation vs Market: Kenny's total compensation ($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.
Experienced Management: LEGH's management team is considered experienced (2.5 years average tenure).
Experienced Board: LEGH's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Legacy Housing Corporation's employee growth, exchange listings and data sources
- 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
- Legacy Housing Corporation
- 1600 Airport Freeway
- Suite 100
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:51|
|End of Day Share Price||2022/01/19 00:00|
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.