Lgi Homes, Inc.

Consumer Discretionary
Homebuilding
www.lgihomes.com

Earnings Score
Moat Score

Market Cap $2.48B
PE 13
Debt $NaN
Cash $60.90M
EV $NaN
FCF -$236.98M

Earnings

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Sales & Net Margins

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Earnings	$197.29M
EBIT	$260.38M
ROE	10%
ROA	7%
FCF	-$236.98M
Equity	$2.00B
Growth Stability	55%
PE	12.56
PEG	-2.07
PB	1.24
P/FCF	-10.45
P/S	1.1
Price/Cash	0.02
Net Margins	9%
Gross Margins	24%
Op. Margins	12%
Earnings CAGR	20%
Sales Growth YoY	6%
Sales Growth QoQ	8%
Sales CAGR	17%
FCF CAGR	-0%
Equity CAGR	29%

Earnings Stability	0.6
Earnings Growth YoY	4%
Earnings Growth QoQ	19%
Earnings CAGR 5Y	-6%
Sales CAGR 5Y	1%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	20%
Earnings CAGR 3Y	-10%
Sales CAGR 3Y	-10%
Equity CAGR 3Y	14%
Market Cap	$2.48B
Revenue	$2.25B
Assets	$3.83B
Cash	$60.90M
Shares Outstanding	23.5M
Earnings Score	86%
Moat Score	86%
Gross Profit	$548.41M
Shares Growth 3y	-0%
Equity Growth QoQ	4%
Equity Growth YoY	11%

Assets & ROA

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Stockholders Equity & ROE

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LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.

SEC Filings

Direct access to Lgi Homes, Inc. (LGIH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 Lgi Homes, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lgi Homes, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 20%

Stability 60%

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Lgi Homes, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Lgi Homes, Inc..

Years

Calculation mode

= -$2.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$237M	-$237M	-$237M	-$237M	-$237M	-$236M	-$236M	-$236M	-$236M	-$236M	-$236M	-$2.4B
DCF		-$215M	-$196M	-$178M	-$162M	-$147M	-$133M	-$121M	-$110M	-$100M	-$91M	-$909M
Value	-$2.4B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	7%	8%	9%	9%	10%	10%	14%	14%	14%	8%	9%
ROA	-	13%	14%	16%	14%	14%	20%	23%	13%	8%	7%
ROE	-	21%	21%	23%	24%	21%	28%	31%	20%	11%	10%

Net Margins (8.83%)

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.

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-3.49	-3.76	-7.03	-5.66	-16.4	2.74	40.93	-3.04	-21.74	-
Debt over Equity	1.23	1.27	1.15	0.99	1.01	0.83	0.48	0.59	0.69	0.68	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	55%	55%

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.

Bad Graham’s Stability (55%)

The company has a bad stability in its earnings, which is a sign of a bad 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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	64%	33%	50%	20%	22%	29%	29%	-24%	2%	1%
Earnings YoY growth	-	87%	42%	51%	37%	15%	81%	33%	-24%	-39%	-6%
Equity YoY growth	-	36%	44%	38%	34%	29%	35%	23%	18%	13%	20%
FCF YoY growth	-	-48%	21%	-37%	70%	-64%	-567%	-90%	-2K%	-84%	-0%