Legacy Housing Corp

Consumer Discretionary
Homebuilding
www.legacyhousingcorp.com

Earnings Score
Moat Score

Market Cap $602.99M
PE 10
Debt -
Cash $1.15M
EV -
FCF $26.78M

Earnings

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Sales & Net Margins

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Earnings	$61.64M
EBIT	$76.04M
ROE	12%
ROA	14%
FCF	$26.78M
Equity	$493.96M
Growth Stability	100%
PE	9.78
PEG	0.64
PB	1.22
P/FCF	22.52
P/S	3.27
Price/Cash	0
Net Margins	33%
Gross Margins	51%
Op. Margins	41%
Earnings CAGR	19%
Sales Growth YoY	61%
Sales Growth QoQ	22%
Sales CAGR	4%
FCF CAGR	9%
Equity CAGR	20%
Earnings Stability	0.38
Earnings Growth YoY	105%

Earnings Growth QoQ	-8%
Earnings CAGR 5Y	15%
Sales CAGR 5Y	2%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	18%
Earnings CAGR 3Y	-13%
Sales CAGR 3Y	-13%
FCF CAGR 3Y	-9%
Equity CAGR 3Y	15%
Market Cap	$602.99M
Revenue	$184.19M
Assets	$534.19M
Cash	$1.15M
Shares Outstanding	24.16M
Earnings Score	34%
Moat Score	95%
Working Capital	91.56M
Current Ratio	3.8
Gross Profit	$94.12M
Shares Growth 3y	-0%
Equity Growth QoQ	3%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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Legacy Housing Corp builds, sells and finances manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. It also provide consumer financing for its products which are sold to end-users through both independent and company-owned retail locations, and it provides financing to manufactured housing community owners that buy its products for use in their housing communities.

SEC Filings

Direct access to Legacy Housing Corp (LEGH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Legacy Housing Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Legacy Housing Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 19%

Stability 38%

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Legacy Housing Corp Discounted Cash Flow

Fully customizable DCF calculator online for Legacy Housing Corp.

Years

Calculation mode

= $484M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$27M	$29M	$32M	$34M	$37M	$40M	$44M	$48M	$52M	$56M	$61M	$610M
DCF		$26M	$26M	$26M	$25M	$25M	$25M	$24M	$24M	$24M	$23M	$235M
Value	$484M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	13%	17%	21%	25%	26%	29%	33%	33%
ROA	-	13%	14%	17%	19%	14%	14%	14%
ROE	-	13%	15%	16%	18%	12%	12%	12%

Good Net Margins (33.47%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-
Debt over Equity	0	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	4%	5%	12%	30%	-26%	-3%	2%
Earnings YoY growth	-	34%	32%	31%	36%	-20%	13%	15%
Equity YoY growth	-	17%	17%	19%	24%	14%	13%	18%
FCF YoY growth	-	153%	-42%	-1K%	-110%	287%	-226%	-5%