Legacy Housing Corporation (LEGH) 10-Year Financial Performance & Capital Metrics

LEGH • • Industrial / General

Consumer CyclicalHomebuildersFactory-Built Housing ManufacturersManufactured & Modular Home Producers

AboutLegacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms. It also provides floor plan financing for independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy its products for use in their rental housing communities. In addition, it involved in financing and developing new manufactured home communities; and retail financing to consumers. The company markets its homes under the Legacy brand through a network of 176 independent and 13 company-owned retail locations, as well as direct sales to owners of manufactured home communities in 15 states in the United States. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas.Show more

Revenue $184M -2.6%
EBITDA $66M -1.2%
Net Income $62M +13.2%
EPS (Diluted) 2.48 +14.3%
Gross Margin 51.1% +8.0%
EBITDA Margin 35.57% +1.5%
Operating Margin 34.53% +1.1%
Net Margin 33.47% +16.2%
ROE 13.25% -0.4%
ROIC 9.98% -12.8%
Debt/Equity 0.00 -95.2%
Interest Coverage 92.32 +32.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 16.4%
✓Strong Piotroski F-Score: 7/9
✓Good 3Y average ROE of 15.4%
✓Healthy 5Y average net margin of 27.1%
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y1.74%

3Y-2.3%

TTM10.25%

Profit (Net Income) CAGR

10Y-

5Y16.4%

3Y7.32%

TTM-11.22%

EPS CAGR

10Y-

5Y16.01%

3Y6.55%

TTM-10.09%

ROCE

10Y Avg16.31%

5Y Avg17.24%

3Y Avg16.54%

Latest13.1%

Peer Comparison

Manufactured & Modular Home Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVCOCavco Industries, Inc.	5.41B	692.78	33.45	12.29%	9.18%	18.12%	2.9%	0.04
SKYChampion Homes, Inc.	5.44B	97.46	28.50	22.65%	8.41%	13.96%	3.5%	0.08
LEGHLegacy Housing Corporation	538M	22.54	9.09	-2.62%	26.66%	9.23%	4.98%	0.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.55M	128.74M	161.88M	168.96M	176.72M	197.51M	257.01M	189.14M	184.19M
Revenue Growth %	-	0.16%	0.26%	0.04%	0.05%	0.12%	0.3%	-0.26%	-0.03%
Cost of Goods Sold+	77.33M	82.5M	107.23M	104.9M	109.72M	114.05M	150.11M	99.69M	90.07M
COGS % of Revenue	0.7%	0.64%	0.66%	0.62%	0.62%	0.58%	0.58%	0.53%	0.49%
Gross Profit+	33.22M	46.24M	54.65M	64.05M	67M	83.46M	106.9M	89.45M	94.12M
Gross Margin %	0.3%	0.36%	0.34%	0.38%	0.38%	0.42%	0.42%	0.47%	0.51%
Gross Profit Growth %	-	0.39%	0.18%	0.17%	0.05%	0.25%	0.28%	-0.16%	0.05%
Operating Expenses+	14.79M	18.14M	21.85M	26.21M	19.4M	24.54M	28.88M	24.86M	30.51M
OpEx % of Revenue	0.13%	0.14%	0.13%	0.16%	0.11%	0.12%	0.11%	0.13%	0.17%
Selling, General & Admin	14.79M	18.14M	21.85M	26.21M	19.4M	24.54M	28.88M	24.86M	23.22M
SG&A % of Revenue	0.13%	0.14%	0.13%	0.16%	0.11%	0.12%	0.11%	0.13%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	102K	149K	162K	0	0	0	0	0	7.29M
Operating Income+	18.43M	28.09M	32.8M	37.84M	47.6M	58.92M	78.02M	64.59M	63.61M
Operating Margin %	0.17%	0.22%	0.2%	0.22%	0.27%	0.3%	0.3%	0.34%	0.35%
Operating Income Growth %	-	0.52%	0.17%	0.15%	0.26%	0.24%	0.32%	-0.17%	-0.02%
EBITDA+	19M	28.75M	33.64M	38.85M	48.81M	60.5M	79.8M	66.31M	65.52M
EBITDA Margin %	0.17%	0.22%	0.21%	0.23%	0.28%	0.31%	0.31%	0.35%	0.36%
EBITDA Growth %	-	0.51%	0.17%	0.16%	0.26%	0.24%	0.32%	-0.17%	-0.01%
D&A (Non-Cash Add-back)	576K	652K	838K	1.01M	1.21M	1.59M	1.78M	1.73M	1.91M
EBIT	18.74M	28.52M	33.15M	38.29M	49.88M	61.51M	82.52M	69.67M	76.73M
Net Interest Income+	-1.03M	-1.77M	-2.32M	-402K	-138K	1.21M	2.57M	2.09M	1.95M
Interest Income	214K	272K	190K	300K	915K	2.1M	2.94M	3.02M	2.63M
Interest Expense	1.24M	2.04M	2.51M	702K	1.05M	887K	375K	930K	689K
Other Income/Expense	-928K	-1.62M	-2.15M	-250K	1.23M	1.71M	4.13M	4.15M	12.43M
Pretax Income+	17.5M	26.47M	30.64M	37.59M	48.82M	60.63M	82.15M	68.74M	76.04M
Pretax Margin %	0.16%	0.21%	0.19%	0.22%	0.28%	0.31%	0.32%	0.36%	0.41%
Income Tax+	158K	124K	9.13M	8.75M	10.83M	10.76M	14.38M	14.28M	14.4M
Effective Tax Rate %	0.99%	1%	0.7%	0.77%	0.78%	0.82%	0.83%	0.79%	0.81%
Net Income+	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Net Margin %	0.16%	0.2%	0.13%	0.17%	0.21%	0.25%	0.26%	0.29%	0.33%
Net Income Growth %	-	0.52%	-0.18%	0.34%	0.32%	0.31%	0.36%	-0.2%	0.13%
Net Income (Continuing)	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	1.10	1.07	1.18	1.57	2.05	2.74	2.17	2.48
EPS Growth %	-	0.96%	-0.03%	0.1%	0.33%	0.31%	0.34%	-0.21%	0.14%
EPS (Basic)	0.56	1.10	1.07	1.18	1.57	2.06	2.78	2.23	2.55
Diluted Shares Outstanding	20M	24M	20.2M	24.44M	24.24M	24.28M	24.74M	25.07M	24.81M
Basic Shares Outstanding	20M	24M	20.2M	24.38M	24.23M	24.2M	24.36M	24.39M	24.22M
Dividend Payout Ratio	0.4%	0.67%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	45.95M	59.44M	63.14M	52.97M	54.63M	92.54M	107.08M	107.88M	124.31M
Cash & Short-Term Investments	1.01M	428K	2.6M	1.72M	768K	1.04M	11.23M	748K	1.15M
Cash Only	1.01M	428K	2.6M	1.72M	768K	1.04M	2.82M	748K	1.15M
Short-Term Investments	0	0	0	0	0	0	8.41M	0	0
Accounts Receivable	13.67M	17.65M	15.57M	19.16M	8.88M	45.81M	59.71M	69.05M	81.11M
Days Sales Outstanding	45.13	50.05	35.12	41.39	18.35	84.66	84.8	133.24	160.74
Inventory	29.33M	39.56M	42.03M	27.23M	27.22M	41.23M	32.08M	33.18M	37.54M
Days Inventory Outstanding	138.45	175.03	143.07	94.74	90.56	131.95	77.99	121.47	152.12
Other Current Assets	0	0	0	0	14.52M	4.46M	4.06M	4.92M	4.5M
Total Non-Current Assets+	134.03M	148.89M	171.89M	230.65M	283.98M	275.51M	330.73M	398.86M	409.89M
Property, Plant & Equipment	11.21M	11.83M	17.13M	23.11M	29.83M	36.94M	41.59M	47.27M	53.46M
Fixed Asset Turnover	9.86x	10.89x	9.45x	7.31x	5.92x	5.35x	6.18x	4.00x	3.45x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	112.54M	127.48M	144.78M	193.47M	0	233.42M	279.67M	341.22M	350.94M
Other Non-Current Assets	10.29M	9.58M	152.92M	205.78M	254.15M	3.77M	8.47M	10.36M	5.49M
Total Assets+	179.98M	208.34M	235.04M	283.62M	338.62M	368.05M	437.81M	506.74M	534.19M
Asset Turnover	0.61x	0.62x	0.69x	0.60x	0.52x	0.54x	0.59x	0.37x	0.34x
Asset Growth %	-	0.16%	0.13%	0.21%	0.19%	0.09%	0.19%	0.16%	0.05%
Total Current Liabilities+	14.35M	23.79M	20.39M	51.93M	36.41M	41.94M	41.46M	37.33M	32.74M
Accounts Payable	4.38M	6.28M	2.83M	5.17M	10.2M	4.16M	4.55M	4.09M	5.09M
Days Payables Outstanding	20.69	27.78	9.63	17.98	33.92	13.3	11.06	14.97	20.63
Short-Term Debt	1.73M	5.28M	228K	28.86M	0	0	650K	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	1000K	1000K
Other Current Liabilities	3.6M	4.86M	6.52M	7.86M	20.45M	28.66M	28.56M	23.97M	13.9M
Current Ratio	3.20x	2.50x	3.10x	1.02x	1.50x	2.21x	2.58x	2.89x	3.80x
Quick Ratio	1.16x	0.84x	1.04x	0.50x	0.75x	1.22x	1.81x	2.00x	2.65x
Cash Conversion Cycle	162.89	197.29	168.56	118.14	74.99	203.32	151.73	239.73	292.23
Total Non-Current Liabilities+	50.04M	60.28M	25.37M	9.3M	43.02M	16.71M	14.24M	32.67M	7.5M
Long-Term Debt	43.75M	53.5M	17.42M	2M	36.17M	7.99M	2.54M	23.68M	0
Capital Lease Obligations	0	0	0	0	0	0	2.12M	1.4M	920K
Deferred Tax Liabilities	0	0	1.84M	1.77M	0	4.38M	4.06M	2.34M	2.21M
Other Non-Current Liabilities	6.29M	6.77M	6.12M	5.53M	6.84M	4.34M	5.52M	5.26M	4.37M
Total Liabilities	64.39M	84.06M	45.76M	61.23M	79.42M	58.65M	55.71M	70.01M	40.24M
Total Debt+	45.48M	58.78M	17.64M	30.86M	36.17M	7.99M	5.32M	25.57M	1.4M
Net Debt	44.47M	58.35M	15.04M	29.14M	35.41M	6.95M	2.5M	24.82M	247K
Debt / Equity	0.39x	0.47x	0.09x	0.14x	0.14x	0.03x	0.01x	0.06x	0.00x
Debt / EBITDA	2.39x	2.04x	0.52x	0.79x	0.74x	0.13x	0.07x	0.39x	0.02x
Net Debt / EBITDA	2.34x	2.03x	0.45x	0.75x	0.73x	0.11x	0.03x	0.37x	0.00x
Interest Coverage	14.81x	13.75x	13.08x	53.90x	45.20x	66.42x	208.05x	69.45x	92.32x
Total Equity+	115.59M	124.27M	189.28M	222.39M	259.19M	309.39M	382.1M	436.74M	493.96M
Equity Growth %	-	0.08%	0.52%	0.17%	0.17%	0.19%	0.24%	0.14%	0.13%
Book Value per Share	5.78	5.18	9.37	9.10	10.69	12.74	15.44	17.42	19.91
Total Shareholders' Equity	115.59M	124.27M	189.28M	222.39M	259.19M	309.39M	382.1M	436.74M	493.96M
Common Stock	115.59M	124.27M	24K	25K	25K	25K	30K	30K	31K
Retained Earnings	-29.98M	0	21.51M	50.36M	88.35M	138.22M	206M	259.76M	321.4M
Treasury Stock	0	0	0	-3.06M	-4.48M	-4.48M	-4.48M	-4.48M	-9.88M
Accumulated OCI	-3.79M	-4.38M	-5.21M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.9M	4.69M	2.82M	-4.19M	-2.04M	60.3M	-1.69M	-13.54M	35.99M
Operating CF Margin %	-0.02%	0.04%	0.02%	-0.02%	-0.01%	0.31%	-0.01%	-0.07%	0.2%
Operating CF Growth %	-	3.47%	-0.4%	-2.49%	0.51%	30.6%	-1.03%	-7%	3.66%
Net Income	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Depreciation & Amortization	576K	652K	838K	1.01M	1.21M	1.59M	1.94M	2.29M	1.91M
Stock-Based Compensation	0	0	0	630K	0	230K	4.94M	0	777K
Deferred Taxes	0	0	1.84M	-76K	205K	1.03M	61K	-524K	-132K
Other Non-Cash Items	-18.69M	-15.63M	-18.59M	-42.87M	979K	1.5M	-2.22M	-257K	-10.14M
Working Capital Changes	-1.12M	-6.68M	-3.63M	8.27M	-42.43M	6.08M	-74.18M	-69.51M	-18.06M
Change in Receivables	-284K	-2.31M	839K	826K	-55.23M	11.88M	-52.46M	-56.71M	-17.71M
Change in Inventory	-3.54M	-9.96M	-2.49M	10.28M	3.28M	-7.84M	-20.85M	-1.96M	3.38M
Change in Payables	905K	1.9M	-3.45M	2.34M	5.03M	-6.04M	0	-5K	0
Cash from Investing+	-3.47M	-2.26M	-4.45M	-15.11M	-2.72M	-31.94M	9.08M	-9.77M	-6.71M
Capital Expenditures	-2.17M	-1.43M	-6.14M	-4.21M	-2.85M	-5.95M	-3.8M	-7.71M	-9.21M
CapEx % of Revenue	0.02%	0.01%	0.04%	0.02%	0.02%	0.03%	0.01%	0.04%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-1.3M	-828K	1.68M	-10.91M	97K	-25.99M	21.27M	-11.66M	2.5M
Cash from Financing+	6.08M	-3.02M	3.8M	18.43M	3.8M	-28.08M	-5.61M	21.23M	-28.88M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.91M	-17.67M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	1.17M	1.35M	-3.06M	1.07M	199K	100K	0	0	200K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.07M	3.26M	-3.32M	-8.4M	-4.88M	54.34M	-5.49M	-21.25M	26.78M
FCF Margin %	-0.04%	0.03%	-0.02%	-0.05%	-0.03%	0.28%	-0.02%	-0.11%	0.15%
FCF Growth %	-	1.8%	-2.02%	-1.53%	0.42%	12.13%	-1.1%	-2.87%	2.26%
FCF per Share	-0.20	0.14	-0.16	-0.34	-0.20	2.24	-0.22	-0.85	1.08
FCF Conversion (FCF/Net Income)	-0.11x	0.18x	0.13x	-0.15x	-0.05x	1.21x	-0.02x	-0.25x	0.58x
Interest Paid	1.2M	1.91M	2.75M	722K	0	873K	251K	0	1M
Taxes Paid	145K	150K	5.15M	9.31M	0	8.2M	10.31M	0	15M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15%	21.97%	13.72%	14.01%	15.78%	17.54%	19.6%	13.3%	13.25%
Return on Invested Capital (ROIC)	8.63%	12.3%	12.71%	12.45%	13.07%	14.47%	16.7%	11.45%	9.98%
Gross Margin	30.05%	35.92%	33.76%	37.91%	37.91%	42.26%	41.59%	47.29%	51.1%
Net Margin	15.68%	20.47%	13.29%	17.07%	21.5%	25.25%	26.37%	28.79%	33.47%
Debt / Equity	0.39x	0.47x	0.09x	0.14x	0.14x	0.03x	0.01x	0.06x	0.00x
Interest Coverage	14.81x	13.75x	13.08x	53.90x	45.20x	66.42x	208.05x	69.45x	92.32x
FCF Conversion	-0.11x	0.18x	0.13x	-0.15x	-0.05x	1.21x	-0.02x	-0.25x	0.58x
Revenue Growth	-	16.46%	25.74%	4.37%	4.6%	11.76%	30.13%	-26.41%	-2.62%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Commercial Sales	64.36M	70.19M	-	-	54.95M	55.13M
Commercial Sales Growth	-	9.06%	-	-	-	0.32%
Retail Store Sales	16.11M	17.44M	-	-	19.17M	20.03M
Retail Store Sales Growth	-	8.20%	-	-	-	4.47%
Direct Sales	15.19M	11.73M	-	-	17.54M	9.16M
Direct Sales Growth	-	-22.75%	-	-	-	-47.80%
Product and Service, Other	-	-	-	-	-	8.29M
Product and Service, Other Growth	-	-	-	-	-	-
Other	-	-	10.48M	11.46M	9.3M	-
Other Growth	-	-	-	9.39%	-18.87%	-
Consignment sales	-	-	63.5M	84.04M	-	-
Consignment sales Growth	-	-	-	32.35%	-	-
Commercial sales	-	-	46.84M	61.37M	-	-
Commercial sales Growth	-	-	-	31.04%	-	-
Direct sales	-	-	25.17M	45.55M	-	-
Direct sales Growth	-	-	-	80.94%	-	-
Retail store sales	-	-	20.01M	19.63M	-	-
Retail store sales Growth	-	-	-	-1.91%	-	-
Consignment Sales	42.93M	43.8M	-	-	-	-
Consignment Sales Growth	-	2.02%	-	-	-	-
Product And Service Other	4.6M	4.88M	-	-	-	-
Product And Service Other Growth	-	5.91%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Legacy Housing Corporation (LEGH) has a price-to-earnings (P/E) ratio of 9.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Legacy Housing Corporation (LEGH) reported $180.5M in revenue for fiscal year 2024. This represents a 63% increase from $110.5M in 2016.

Legacy Housing Corporation (LEGH) saw revenue decline by 2.6% over the past year.

Yes, Legacy Housing Corporation (LEGH) is profitable, generating $48.1M in net income for fiscal year 2024 (33.5% net margin).

Dividend & Returns

Legacy Housing Corporation (LEGH) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.

Legacy Housing Corporation (LEGH) generated $18.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Legacy Housing Corporation (LEGH) 10-Year Financial Performance & Capital Metrics

LEGH • • Industrial / General

Consumer CyclicalHomebuildersFactory-Built Housing ManufacturersManufactured & Modular Home Producers

Revenue $184M -2.6%
EBITDA $66M -1.2%
Net Income $62M +13.2%
EPS (Diluted) 2.48 +14.3%
Gross Margin 51.1% +8.0%
EBITDA Margin 35.57% +1.5%
Operating Margin 34.53% +1.1%
Net Margin 33.47% +16.2%
ROE 13.25% -0.4%
ROIC 9.98% -12.8%
Debt/Equity 0.00 -95.2%
Interest Coverage 92.32 +32.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 16.4%
✓Strong Piotroski F-Score: 7/9
✓Good 3Y average ROE of 15.4%
✓Healthy 5Y average net margin of 27.1%
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y1.74%

3Y-2.3%

TTM10.25%

Profit (Net Income) CAGR

10Y-

5Y16.4%

3Y7.32%

TTM-11.22%

EPS CAGR

10Y-

5Y16.01%

3Y6.55%

TTM-10.09%

ROCE

10Y Avg16.31%

5Y Avg17.24%

3Y Avg16.54%

Latest13.1%

Peer Comparison

Manufactured & Modular Home Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CVCOCavco Industries, Inc.	5.41B	692.78	33.45	12.29%	9.18%	18.12%	2.9%	0.04
SKYChampion Homes, Inc.	5.44B	97.46	28.50	22.65%	8.41%	13.96%	3.5%	0.08
LEGHLegacy Housing Corporation	538M	22.54	9.09	-2.62%	26.66%	9.23%	4.98%	0.00

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	110.55M	128.74M	161.88M	168.96M	176.72M	197.51M	257.01M	189.14M	184.19M
Revenue Growth %	-	0.16%	0.26%	0.04%	0.05%	0.12%	0.3%	-0.26%	-0.03%
Cost of Goods Sold+	77.33M	82.5M	107.23M	104.9M	109.72M	114.05M	150.11M	99.69M	90.07M
COGS % of Revenue	0.7%	0.64%	0.66%	0.62%	0.62%	0.58%	0.58%	0.53%	0.49%
Gross Profit+	33.22M	46.24M	54.65M	64.05M	67M	83.46M	106.9M	89.45M	94.12M
Gross Margin %	0.3%	0.36%	0.34%	0.38%	0.38%	0.42%	0.42%	0.47%	0.51%
Gross Profit Growth %	-	0.39%	0.18%	0.17%	0.05%	0.25%	0.28%	-0.16%	0.05%
Operating Expenses+	14.79M	18.14M	21.85M	26.21M	19.4M	24.54M	28.88M	24.86M	30.51M
OpEx % of Revenue	0.13%	0.14%	0.13%	0.16%	0.11%	0.12%	0.11%	0.13%	0.17%
Selling, General & Admin	14.79M	18.14M	21.85M	26.21M	19.4M	24.54M	28.88M	24.86M	23.22M
SG&A % of Revenue	0.13%	0.14%	0.13%	0.16%	0.11%	0.12%	0.11%	0.13%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	102K	149K	162K	0	0	0	0	0	7.29M
Operating Income+	18.43M	28.09M	32.8M	37.84M	47.6M	58.92M	78.02M	64.59M	63.61M
Operating Margin %	0.17%	0.22%	0.2%	0.22%	0.27%	0.3%	0.3%	0.34%	0.35%
Operating Income Growth %	-	0.52%	0.17%	0.15%	0.26%	0.24%	0.32%	-0.17%	-0.02%
EBITDA+	19M	28.75M	33.64M	38.85M	48.81M	60.5M	79.8M	66.31M	65.52M
EBITDA Margin %	0.17%	0.22%	0.21%	0.23%	0.28%	0.31%	0.31%	0.35%	0.36%
EBITDA Growth %	-	0.51%	0.17%	0.16%	0.26%	0.24%	0.32%	-0.17%	-0.01%
D&A (Non-Cash Add-back)	576K	652K	838K	1.01M	1.21M	1.59M	1.78M	1.73M	1.91M
EBIT	18.74M	28.52M	33.15M	38.29M	49.88M	61.51M	82.52M	69.67M	76.73M
Net Interest Income+	-1.03M	-1.77M	-2.32M	-402K	-138K	1.21M	2.57M	2.09M	1.95M
Interest Income	214K	272K	190K	300K	915K	2.1M	2.94M	3.02M	2.63M
Interest Expense	1.24M	2.04M	2.51M	702K	1.05M	887K	375K	930K	689K
Other Income/Expense	-928K	-1.62M	-2.15M	-250K	1.23M	1.71M	4.13M	4.15M	12.43M
Pretax Income+	17.5M	26.47M	30.64M	37.59M	48.82M	60.63M	82.15M	68.74M	76.04M
Pretax Margin %	0.16%	0.21%	0.19%	0.22%	0.28%	0.31%	0.32%	0.36%	0.41%
Income Tax+	158K	124K	9.13M	8.75M	10.83M	10.76M	14.38M	14.28M	14.4M
Effective Tax Rate %	0.99%	1%	0.7%	0.77%	0.78%	0.82%	0.83%	0.79%	0.81%
Net Income+	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Net Margin %	0.16%	0.2%	0.13%	0.17%	0.21%	0.25%	0.26%	0.29%	0.33%
Net Income Growth %	-	0.52%	-0.18%	0.34%	0.32%	0.31%	0.36%	-0.2%	0.13%
Net Income (Continuing)	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	1.10	1.07	1.18	1.57	2.05	2.74	2.17	2.48
EPS Growth %	-	0.96%	-0.03%	0.1%	0.33%	0.31%	0.34%	-0.21%	0.14%
EPS (Basic)	0.56	1.10	1.07	1.18	1.57	2.06	2.78	2.23	2.55
Diluted Shares Outstanding	20M	24M	20.2M	24.44M	24.24M	24.28M	24.74M	25.07M	24.81M
Basic Shares Outstanding	20M	24M	20.2M	24.38M	24.23M	24.2M	24.36M	24.39M	24.22M
Dividend Payout Ratio	0.4%	0.67%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	45.95M	59.44M	63.14M	52.97M	54.63M	92.54M	107.08M	107.88M	124.31M
Cash & Short-Term Investments	1.01M	428K	2.6M	1.72M	768K	1.04M	11.23M	748K	1.15M
Cash Only	1.01M	428K	2.6M	1.72M	768K	1.04M	2.82M	748K	1.15M
Short-Term Investments	0	0	0	0	0	0	8.41M	0	0
Accounts Receivable	13.67M	17.65M	15.57M	19.16M	8.88M	45.81M	59.71M	69.05M	81.11M
Days Sales Outstanding	45.13	50.05	35.12	41.39	18.35	84.66	84.8	133.24	160.74
Inventory	29.33M	39.56M	42.03M	27.23M	27.22M	41.23M	32.08M	33.18M	37.54M
Days Inventory Outstanding	138.45	175.03	143.07	94.74	90.56	131.95	77.99	121.47	152.12
Other Current Assets	0	0	0	0	14.52M	4.46M	4.06M	4.92M	4.5M
Total Non-Current Assets+	134.03M	148.89M	171.89M	230.65M	283.98M	275.51M	330.73M	398.86M	409.89M
Property, Plant & Equipment	11.21M	11.83M	17.13M	23.11M	29.83M	36.94M	41.59M	47.27M	53.46M
Fixed Asset Turnover	9.86x	10.89x	9.45x	7.31x	5.92x	5.35x	6.18x	4.00x	3.45x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	112.54M	127.48M	144.78M	193.47M	0	233.42M	279.67M	341.22M	350.94M
Other Non-Current Assets	10.29M	9.58M	152.92M	205.78M	254.15M	3.77M	8.47M	10.36M	5.49M
Total Assets+	179.98M	208.34M	235.04M	283.62M	338.62M	368.05M	437.81M	506.74M	534.19M
Asset Turnover	0.61x	0.62x	0.69x	0.60x	0.52x	0.54x	0.59x	0.37x	0.34x
Asset Growth %	-	0.16%	0.13%	0.21%	0.19%	0.09%	0.19%	0.16%	0.05%
Total Current Liabilities+	14.35M	23.79M	20.39M	51.93M	36.41M	41.94M	41.46M	37.33M	32.74M
Accounts Payable	4.38M	6.28M	2.83M	5.17M	10.2M	4.16M	4.55M	4.09M	5.09M
Days Payables Outstanding	20.69	27.78	9.63	17.98	33.92	13.3	11.06	14.97	20.63
Short-Term Debt	1.73M	5.28M	228K	28.86M	0	0	650K	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	0	0	0	1000K	1000K
Other Current Liabilities	3.6M	4.86M	6.52M	7.86M	20.45M	28.66M	28.56M	23.97M	13.9M
Current Ratio	3.20x	2.50x	3.10x	1.02x	1.50x	2.21x	2.58x	2.89x	3.80x
Quick Ratio	1.16x	0.84x	1.04x	0.50x	0.75x	1.22x	1.81x	2.00x	2.65x
Cash Conversion Cycle	162.89	197.29	168.56	118.14	74.99	203.32	151.73	239.73	292.23
Total Non-Current Liabilities+	50.04M	60.28M	25.37M	9.3M	43.02M	16.71M	14.24M	32.67M	7.5M
Long-Term Debt	43.75M	53.5M	17.42M	2M	36.17M	7.99M	2.54M	23.68M	0
Capital Lease Obligations	0	0	0	0	0	0	2.12M	1.4M	920K
Deferred Tax Liabilities	0	0	1.84M	1.77M	0	4.38M	4.06M	2.34M	2.21M
Other Non-Current Liabilities	6.29M	6.77M	6.12M	5.53M	6.84M	4.34M	5.52M	5.26M	4.37M
Total Liabilities	64.39M	84.06M	45.76M	61.23M	79.42M	58.65M	55.71M	70.01M	40.24M
Total Debt+	45.48M	58.78M	17.64M	30.86M	36.17M	7.99M	5.32M	25.57M	1.4M
Net Debt	44.47M	58.35M	15.04M	29.14M	35.41M	6.95M	2.5M	24.82M	247K
Debt / Equity	0.39x	0.47x	0.09x	0.14x	0.14x	0.03x	0.01x	0.06x	0.00x
Debt / EBITDA	2.39x	2.04x	0.52x	0.79x	0.74x	0.13x	0.07x	0.39x	0.02x
Net Debt / EBITDA	2.34x	2.03x	0.45x	0.75x	0.73x	0.11x	0.03x	0.37x	0.00x
Interest Coverage	14.81x	13.75x	13.08x	53.90x	45.20x	66.42x	208.05x	69.45x	92.32x
Total Equity+	115.59M	124.27M	189.28M	222.39M	259.19M	309.39M	382.1M	436.74M	493.96M
Equity Growth %	-	0.08%	0.52%	0.17%	0.17%	0.19%	0.24%	0.14%	0.13%
Book Value per Share	5.78	5.18	9.37	9.10	10.69	12.74	15.44	17.42	19.91
Total Shareholders' Equity	115.59M	124.27M	189.28M	222.39M	259.19M	309.39M	382.1M	436.74M	493.96M
Common Stock	115.59M	124.27M	24K	25K	25K	25K	30K	30K	31K
Retained Earnings	-29.98M	0	21.51M	50.36M	88.35M	138.22M	206M	259.76M	321.4M
Treasury Stock	0	0	0	-3.06M	-4.48M	-4.48M	-4.48M	-4.48M	-9.88M
Accumulated OCI	-3.79M	-4.38M	-5.21M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.9M	4.69M	2.82M	-4.19M	-2.04M	60.3M	-1.69M	-13.54M	35.99M
Operating CF Margin %	-0.02%	0.04%	0.02%	-0.02%	-0.01%	0.31%	-0.01%	-0.07%	0.2%
Operating CF Growth %	-	3.47%	-0.4%	-2.49%	0.51%	30.6%	-1.03%	-7%	3.66%
Net Income	17.34M	26.35M	21.51M	28.84M	37.99M	49.87M	67.77M	54.46M	61.64M
Depreciation & Amortization	576K	652K	838K	1.01M	1.21M	1.59M	1.94M	2.29M	1.91M
Stock-Based Compensation	0	0	0	630K	0	230K	4.94M	0	777K
Deferred Taxes	0	0	1.84M	-76K	205K	1.03M	61K	-524K	-132K
Other Non-Cash Items	-18.69M	-15.63M	-18.59M	-42.87M	979K	1.5M	-2.22M	-257K	-10.14M
Working Capital Changes	-1.12M	-6.68M	-3.63M	8.27M	-42.43M	6.08M	-74.18M	-69.51M	-18.06M
Change in Receivables	-284K	-2.31M	839K	826K	-55.23M	11.88M	-52.46M	-56.71M	-17.71M
Change in Inventory	-3.54M	-9.96M	-2.49M	10.28M	3.28M	-7.84M	-20.85M	-1.96M	3.38M
Change in Payables	905K	1.9M	-3.45M	2.34M	5.03M	-6.04M	0	-5K	0
Cash from Investing+	-3.47M	-2.26M	-4.45M	-15.11M	-2.72M	-31.94M	9.08M	-9.77M	-6.71M
Capital Expenditures	-2.17M	-1.43M	-6.14M	-4.21M	-2.85M	-5.95M	-3.8M	-7.71M	-9.21M
CapEx % of Revenue	0.02%	0.01%	0.04%	0.02%	0.02%	0.03%	0.01%	0.04%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-1.3M	-828K	1.68M	-10.91M	97K	-25.99M	21.27M	-11.66M	2.5M
Cash from Financing+	6.08M	-3.02M	3.8M	18.43M	3.8M	-28.08M	-5.61M	21.23M	-28.88M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.91M	-17.67M	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	1.17M	1.35M	-3.06M	1.07M	199K	100K	0	0	200K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-4.07M	3.26M	-3.32M	-8.4M	-4.88M	54.34M	-5.49M	-21.25M	26.78M
FCF Margin %	-0.04%	0.03%	-0.02%	-0.05%	-0.03%	0.28%	-0.02%	-0.11%	0.15%
FCF Growth %	-	1.8%	-2.02%	-1.53%	0.42%	12.13%	-1.1%	-2.87%	2.26%
FCF per Share	-0.20	0.14	-0.16	-0.34	-0.20	2.24	-0.22	-0.85	1.08
FCF Conversion (FCF/Net Income)	-0.11x	0.18x	0.13x	-0.15x	-0.05x	1.21x	-0.02x	-0.25x	0.58x
Interest Paid	1.2M	1.91M	2.75M	722K	0	873K	251K	0	1M
Taxes Paid	145K	150K	5.15M	9.31M	0	8.2M	10.31M	0	15M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	15%	21.97%	13.72%	14.01%	15.78%	17.54%	19.6%	13.3%	13.25%
Return on Invested Capital (ROIC)	8.63%	12.3%	12.71%	12.45%	13.07%	14.47%	16.7%	11.45%	9.98%
Gross Margin	30.05%	35.92%	33.76%	37.91%	37.91%	42.26%	41.59%	47.29%	51.1%
Net Margin	15.68%	20.47%	13.29%	17.07%	21.5%	25.25%	26.37%	28.79%	33.47%
Debt / Equity	0.39x	0.47x	0.09x	0.14x	0.14x	0.03x	0.01x	0.06x	0.00x
Interest Coverage	14.81x	13.75x	13.08x	53.90x	45.20x	66.42x	208.05x	69.45x	92.32x
FCF Conversion	-0.11x	0.18x	0.13x	-0.15x	-0.05x	1.21x	-0.02x	-0.25x	0.58x
Revenue Growth	-	16.46%	25.74%	4.37%	4.6%	11.76%	30.13%	-26.41%	-2.62%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Commercial Sales	64.36M	70.19M	-	-	54.95M	55.13M
Commercial Sales Growth	-	9.06%	-	-	-	0.32%
Retail Store Sales	16.11M	17.44M	-	-	19.17M	20.03M
Retail Store Sales Growth	-	8.20%	-	-	-	4.47%
Direct Sales	15.19M	11.73M	-	-	17.54M	9.16M
Direct Sales Growth	-	-22.75%	-	-	-	-47.80%
Product and Service, Other	-	-	-	-	-	8.29M
Product and Service, Other Growth	-	-	-	-	-	-
Other	-	-	10.48M	11.46M	9.3M	-
Other Growth	-	-	-	9.39%	-18.87%	-
Consignment sales	-	-	63.5M	84.04M	-	-
Consignment sales Growth	-	-	-	32.35%	-	-
Commercial sales	-	-	46.84M	61.37M	-	-
Commercial sales Growth	-	-	-	31.04%	-	-
Direct sales	-	-	25.17M	45.55M	-	-
Direct sales Growth	-	-	-	80.94%	-	-
Retail store sales	-	-	20.01M	19.63M	-	-
Retail store sales Growth	-	-	-	-1.91%	-	-
Consignment Sales	42.93M	43.8M	-	-	-	-
Consignment Sales Growth	-	2.02%	-	-	-	-
Product And Service Other	4.6M	4.88M	-	-	-	-
Product And Service Other Growth	-	5.91%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Legacy Housing Corporation (LEGH) has a price-to-earnings (P/E) ratio of 9.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Legacy Housing Corporation (LEGH) reported $180.5M in revenue for fiscal year 2024. This represents a 63% increase from $110.5M in 2016.

Legacy Housing Corporation (LEGH) saw revenue decline by 2.6% over the past year.

Yes, Legacy Housing Corporation (LEGH) is profitable, generating $48.1M in net income for fiscal year 2024 (33.5% net margin).

Dividend & Returns

Legacy Housing Corporation (LEGH) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.

Legacy Housing Corporation (LEGH) generated $18.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.