Legacy Housing Corporation (LEGH) Aandelenanalyse

Bedrijfsoverzicht

Legacy Housing Corporation is a specialized manufacturer engaged in the building, sale, and financing of manufactured homes and tiny houses, with a primary operational focus on the southern United States market. The company operates within the Consumer Cyclical sector, specifically classified under the Residential Construction industry, which categorizes its performance as sensitive to economic cycles and housing demand fluctuations. The entity employs a workforce of 592 individuals and maintains a total market capitalization of $502.44M, reflecting its standing as a mid-sized public entity in the construction space. With annual revenue reaching $164.57M, these valuation and income figures indicate that the company holds a significant operational footprint, though the specific market cap suggests it trades at a scale consistent with niche residential construction firms rather than large-scale industrial developers.

Financiële gezondheid

The company reported total revenue of $164.57M for the trailing twelve months, generating a net income of $41.81M and an EBITDA of $50.26M during the same period. The substantial gap between the $164.57M revenue and the $41.81M net income highlights a cost structure where operating expenses consume approximately 74.6% of gross sales before interest and taxes are factored into the final earnings picture. Free cash flow stood at $4.71M, a figure that indicates limited financial flexibility for aggressive expansion or heavy capital investment without external financing, as the cash generation does not fully cover the depreciation and amortization needs implied by the EBITDA figure. Gross margin, operating margin, and profit margin are recorded at 47.4%, 26.9%, and 25.4% respectively, showing that for every dollar of revenue, the company retains nearly a quarter as profit after all operating costs. The balance sheet displays a conservative debt profile with cash holdings of $8.48M against total debt of $2.54M, supported by a debt-to-equity ratio of 0.48. This liquidity position is further reinforced by a current ratio of 3.51, which signifies a robust ability to meet short-term obligations with current assets. Return on equity and return on assets are calculated at 8.2% and 5.4% respectively, revealing that management effectiveness in generating returns on shareholders' capital and total assets is moderate but stable.

Waarderingsbeoordeling

Legacy Housing Corporation trades with a trailing P/E ratio of 12.13 and a forward P/E of 9.95, implying that the market expects earnings to decline or grow at a rate that lowers the multiple from the historical average to the forward projection. The price-to-book ratio is 0.95, indicating that the stock trades at a discount relative to its book value, suggesting the market does not currently assign a significant premium to the company's tangible assets. Alternative valuation metrics such as the price-to-sales ratio of 3.05 and an EV/EBITDA of 9.88 provide context on how the company is valued relative to its sales volume and enterprise earnings power. The 52-week price range spans from a low of $18.29 to a high of $29.45, providing a clear band within which the security has traded over the last year. The beta value of 0.77 indicates that the stock's price volatility is significantly lower than the broader market, moving with less intensity than the overall index.

Growth & Income

Revenue growth for the year-on-year period stands at -29.4%, while earnings growth is recorded at -41.8%, demonstrating that earnings are shrinking at a faster rate than revenue due to margin compression or fixed cost pressures. As a non-dividend payer, the company does not distribute cash to shareholders, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning all generated profits are retained within the business for operations or reinvestment. The overall growth and income profile reflects a period of contraction in both top-line revenue and bottom-line profitability, with no current mechanism for income generation via dividends.