NYSE:LGC

Stock Analysis Report

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Executive Summary

Legacy Acquisition Corp. does not have significant operations.


Snowflake Analysis

Poor track record with weak fundamentals.

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.


Market Performance


7 Day Return

1.1%

LGC

1.5%

US Capital Markets

3.0%

US Market


1 Year Return

4.0%

LGC

5.5%

US Capital Markets

15.8%

US Market

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.


Shareholder returns

LGCIndustryMarket
7 Day1.1%1.5%3.0%
30 Day0.09%1.0%6.0%
90 Day1.7%11.2%16.4%
1 Year4.0%4.0%7.7%5.5%18.4%15.8%
3 Yearn/a24.7%17.2%44.8%35.4%
5 Yearn/a56.2%41.1%75.7%56.7%

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

Valuation

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

739.7x

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).


Next Steps

Future Growth

How is Legacy Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

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.


Next Steps

Past Performance

How has Legacy Acquisition performed over the past 5 years?

35.3%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Ed Rigaud (77 yo)

4.42yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Edwin Rigaud
Chairman & CEO4.42yrsno data24.44%
$ 79.4m
Darryl T. McCall
Presidentno datano datano data
William Finn
CFO & Secretary4yrsno datano data

4.4yrs

Average Tenure

65yo

Average Age

Experienced Management: LGC's management team is considered experienced (4.4 years average tenure).


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 Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Legacy Acquisition Corp.
  • 1308 Race Street
  • Suite 200
  • Cincinnati
  • Ohio
  • 45202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LGC.UNYSE (New York Stock Exchange)UnitsUSUSDNov 2017
LGCNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 2017

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 00:40
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.