Share Price & News
How has Legacy Acquisition's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LGC has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: LGC underperformed the US Capital Markets industry which returned 6.3% over the past year.
Return vs Market: LGC underperformed the US Market which returned 15.4% over the past year.
Price Volatility Vs. Market
How volatile is Legacy Acquisition's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StCould The Legacy Acquisition Corp. (NYSE:LGC) Ownership Structure Tell Us Something Useful?
10 months ago | Simply Wall StWhat Type Of Shareholder Owns Legacy Acquisition Corp.'s (NYSE:LGC)?
1 year ago | Simply Wall StWhat Kind Of Investor Owns Most Of Legacy Acquisition Corp (NYSE:LGC)?
Is Legacy Acquisition undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LGC ($10.58) is trading above our estimate of fair value ($0.91)
Significantly Below Fair Value: LGC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LGC is poor value based on its PE Ratio (739.7x) compared to the US Capital Markets industry average (28.2x).
PE vs Market: LGC is poor value based on its PE Ratio (739.7x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LGC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LGC is overvalued based on its PB Ratio (77.9x) compared to the US Capital Markets industry average (8.7x).
How is Legacy Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Legacy Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of LGC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Legacy Acquisition competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
How has Legacy Acquisition performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LGC has a high level of non-cash earnings.
Growing Profit Margin: Insufficient data to determine if LGC's profit margins have improved over the past year.
Past Earnings Growth Analysis
Earnings Trend: LGC's earnings have grown significantly by 35.3% per year over the past 5 years.
Accelerating Growth: LGC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LGC had negative earnings growth (-84.2%) over the past year, making it difficult to compare to the Capital Markets industry average (16.6%).
Return on Equity
High ROE: LGC's Return on Equity (10.6%) is considered low.
How is Legacy Acquisition's financial position?
Financial Position Analysis
Short Term Liabilities: LGC's short term assets ($648.0K) do not cover its short term liabilities ($7.4M).
Long Term Liabilities: LGC's short term assets ($648.0K) do not cover its long term liabilities ($294.2M).
Debt to Equity History and Analysis
Debt Level: LGC's debt to equity ratio (93.9%) is considered high.
Reducing Debt: Insufficient data to determine if LGC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LGC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if LGC's interest payments on its debt are well covered by EBIT.
What is Legacy Acquisition current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LGC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LGC'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 LGC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LGC'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 LGC'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
Ed Rigaud (77 yo)
Mr. Edwin J. Rigaud, also known as Ed, serves as Chief Executive Officer at EnovaPremier, LLC. Mr. Rigaud was the founding Chief Executive Officer at National Underground Railroad Freedom Center, Inc. He s ...
|Chairman & CEO||4.42yrs||no data||24.44% |
|President||no data||no data||no data|
|CFO & Secretary||4yrs||no data||no data|
Experienced Management: LGC's management team is considered experienced (4.4 years average tenure).
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 Acquisition Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Legacy Acquisition Corp.
- Ticker: LGC
- Exchange: NYSE
- Founded: 2016
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$324.621m
- Shares outstanding: 30.68m
- Website: https://www.legacyacquisition.com
- Legacy Acquisition Corp.
- 1308 Race Street
- Suite 200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LGC.U||NYSE (New York Stock Exchange)||Units||US||USD||Nov 2017|
|LGC||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Dec 2017|
Legacy Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/07 00:40|
|End of Day Share Price||2020/08/06 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.