NYSE:LGC

Stock Analysis Report

Executive Summary

Legacy Acquisition Corp. does not have significant business operations.

Snowflake

Fundamentals

Excellent balance sheet with questionable track record.

Risks

  • Legacy Acquisition is not covered by any analysts.

Share Price & News

How has Legacy Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

NYSE:LGC

-2.0%

US Capital Markets

-1.0%

US Market


1 Year Return

5.1%

NYSE:LGC

-6.3%

US Capital Markets

-0.4%

US Market

LGC outperformed the Capital Markets industry which returned -6.3% over the past year.

LGC outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

LGCIndustryMarket
7 Day-0.2%-2.0%-1.0%
30 Day0.3%-4.6%-3.3%
90 Day0.8%-0.06%0.8%
1 Year5.1%5.1%-4.2%-6.3%1.9%-0.4%
3 Yearn/a51.0%42.3%39.4%30.4%
5 Yearn/a69.9%54.2%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

130.17x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Legacy Acquisition's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Legacy Acquisition's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Legacy Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.

Legacy Acquisition is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Legacy Acquisition, we can't assess if its growth is good value.


Price Based on Value of Assets

Legacy Acquisition is overvalued based on assets compared to the US Capital Markets industry average.


Next Steps

Future Growth

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

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Legacy Acquisition is high growth as no revenue estimate data is available.

Legacy Acquisition's earnings are expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).

Unable to compare Legacy Acquisition's revenue growth to the United States of America market average as no estimate data is available.

Legacy Acquisition's earnings growth is positive but not above the United States of America market average.

Legacy Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Legacy Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Legacy Acquisition performed over the past 5 years?

91.4%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if Legacy Acquisition's year on year earnings growth rate was positive over the past 5 years.

Unable to compare Legacy Acquisition's 1-year earnings growth to the 5-year average due to insufficient past data.

Legacy Acquisition's earnings growth has exceeded the US Capital Markets industry average in the past year (91.4% vs 34.8%).


Return on Equity

Legacy Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

It is difficult to establish if Legacy Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Legacy Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Legacy Acquisition's financial position?


Financial Position Analysis

Legacy Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Legacy Acquisition's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Legacy Acquisition has no debt.

Legacy Acquisition currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Legacy Acquisition has no debt, it does not need to be covered by operating cash flow.

Legacy Acquisition has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Legacy Acquisition has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Legacy Acquisition's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Legacy Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Legacy Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Legacy Acquisition has not reported any payouts.

Unable to verify if Legacy Acquisition's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Legacy Acquisition has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Legacy Acquisition's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Ed Rigaud (76yo)

3.4yrs

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 ...


Management Age and Tenure

3.4yrs

Average Tenure

64yo

Average Age

The tenure for the Legacy Acquisition management team is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ed Rigaud (76yo)

    Chairman & CEO

    • Tenure: 3.4yrs
  • Darryl T. McCall (64yo)

    President

    • Tenure: 3.4yrs
  • William Finn (57yo)

    Chief Financial Officer

    • Tenure: 3.0yrs

Board Members

  • Steve Davis (61yo)

    Director

  • Darryl T. McCall (64yo)

    President

  • Ron Tysoe (66yo)

    Member of Advisory Council

  • Geoffrey Marshall

    Member of Advisory Council

  • Andy Code (60yo)

    Director

  • Ken Robinson

    Member of Advisory Council

  • Ed Rigaud (76yo)

    Chairman & CEO

    • Tenure: 3.4yrs
  • Lloyd Ward (70yo)

    Chairman of Advisory Council

  • Sengal Selassie (50yo)

    Director

  • Richard White (65yo)

    Director

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$380.625m
  • Shares outstanding: 37.50m
  • Website: Click here

Location

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

Listings

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

Biography

Legacy Acquisition Corp. does not have significant business operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combina ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:49
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.