Friday 6 November 2026
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Legacy Housing Corporation
LEGH Consumer Cyclical Residential Construction
Legacy Housing Corporation’s revenue for fiscal 2025 (year ended December 2025) was $164.6 million, down 10.7% from fiscal 2024.
- Revenue
- +72.2%
- EPS
- +136.1%
- Free cash flow
- +113.6%
Quarter to September 2026, against a year earlier
30.28
1.50
−4.72%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 111 | 129 | 162 | 169 | 177 | 198 | 257 | 189 | 184 | 165 | 209 | +4.5% | 203 | 186 | — | +6.2% | |
| Gross margin, % | 30.05 | 35.92 | 33.76 | 37.91 | 37.91 | 42.26 | 41.59 | 47.29 | 46.64 | 47.41 | 0.00 | +17.4 pt | ||||||
| EBT | 17 | 26 | 31 | 38 | 49 | 61 | 82 | 69 | 76 | 52 | 74 | +12.8% | ||||||
| EBT margin, % | 15.83 | 20.56 | 18.93 | 22.25 | 27.63 | 30.70 | 31.96 | 36.34 | 41.28 | 31.33 | 35.66 | +15.5 pt | ||||||
| Net income | 17 | 26 | 22 | 29 | 38 | 50 | 68 | 54 | 62 | 42 | 63 | +10.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 4.60 | 5.36 | 8.01 | 6.93 | 7.29 | 8.16 | 10.55 | 7.76 | 7.61 | 6.86 | 8.77 | +4.5% | |||||
| Earnings | 0.72 | 1.10 | 1.07 | 1.18 | 1.52 | 2.06 | 2.78 | 2.23 | 2.55 | 1.74 | 2.64 | +10.3% | ||||||
| Cash flow | (0.08) | 0.18 | 0.14 | (0.17) | (0.08) | 2.49 | (0.07) | (0.56) | 1.49 | 1.55 | 2.29 | n/m | ||||||
| Capex | (0.09) | (0.06) | (0.30) | (0.17) | (0.12) | (0.25) | (0.09) | (0.27) | (0.32) | (0.38) | 0.00 | +17.2% | ||||||
| Free cash flow | (0.17) | 0.12 | (0.16) | (0.34) | (0.19) | 2.25 | (0.16) | (0.83) | 1.17 | 1.17 | 2.29 | n/m | ||||||
| Book value | 4.81 | 5.17 | 9.37 | 9.12 | 10.70 | 12.78 | 15.69 | 17.91 | 20.40 | 22.04 | 24.49 | +18.4% | ||||||
| Shares, m | 24 | 24 | 20 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 0.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 6.61 | 6.61 | 11.20 | 14.22 | 9.94 | 12.91 | 6.69 | 11.05 | 9.72 | 11.22 | 11.47 | 10.0 | |||||
| P/S | 0.00 | 0.00 | 1.49 | 2.40 | 2.07 | 3.24 | 1.76 | 3.19 | 3.24 | 2.84 | 3.45 | 2.0 | ||||||
| P/B | 1.94 | 1.94 | 1.27 | 1.82 | 1.41 | 2.07 | 1.19 | 1.38 | 1.21 | 0.89 | 1.24 | 1.5 | ||||||
| EV/Sales | 0.00 | 0.00 | 1.58 | 2.40 | 2.27 | 3.28 | 1.73 | 3.31 | 3.25 | 2.80 | 3.31 | 2.1 | ||||||
| EV/FCF | (176.59) | (176.59) | (77.11) | (48.33) | (86.28) | 11.92 | (116.79) | (31.10) | 21.11 | 16.37 | 15.88 | (66.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (2) | 4 | 3 | (4) | (2) | 60 | (2) | (14) | 36 | 37 | 54 | n/m | |||||
| Capex | (2) | (1) | (6) | (4) | (3) | (6) | (2) | (7) | (8) | (9) | (11) | +17.1% | ||||||
| Free cash flow | (4) | 3 | (3) | (8) | (5) | 54 | (4) | (20) | 28 | 28 | 54 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 32 | 36 | 43 | 1 | 18 | 51 | 66 | 78 | 92 | 118 | 110 | +15.7% | |||||
| Net debt | 43 | 53 | 15 | 0 | 35 | 7 | (9) | 23 | (1) | (7) | (31) | n/m | ||||||
| Shareholders’ equity | 116 | 124 | 189 | 222 | 259 | 309 | 382 | 437 | 494 | 529 | 582 | +18.4% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 8.93 | 13.57 | 9.70 | 11.12 | 12.21 | 14.14 | 16.87 | 11.54 | 11.84 | 7.50 | 10.51 | (1.4) pt | |||||
| ROIC | 7.27 | 9.90 | 10.04 | 10.62 | 10.10 | 11.64 | 13.06 | 8.78 | 8.07 | 5.80 | 8.22 | (1.5) pt | ||||||
| ROE | 14.46 | 21.97 | 13.72 | 14.01 | 15.78 | 17.54 | 19.60 | 13.30 | 13.25 | 8.18 | 11.36 | (6.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | 800 | 800 | 800 | 870 | 880 | 870 | 572 | 594 | 592 | — | (3.7%) | |||||
| Revenue/emp, $m | 0.00 | 0.16 | 0.20 | 0.21 | 0.20 | 0.22 | 0.30 | 0.33 | 0.31 | 0.28 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
Legacy Housing Corporation vs peers in Residential Construction (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MTH Meritage Homes Corporation | $4.6B | 15.9× | 14.9× | −17.41% (below 0%: shrinking) | −25.71% (below 0%: shrinking) | +66.18% (above 0%: growing) | 17.88% | 6.79% | Compare |
| MHO M/I Homes, Inc. | $3.4B | 12.5× | 12.0× | −4.92% (below 0%: shrinking) | −34.66% (below 0%: shrinking) | −139.62% (below 0%: shrinking) | 20.86% | 7.74% | Compare |
| KBH KB Home | $3.2B | 14.4× | 14.9× | −19.96% (below 0%: shrinking) | −35.34% (below 0%: shrinking) | −178.04% (below 0%: shrinking) | 16.85% | 5.54% | Compare |
| GRBK Green Brick Partners, Inc. | $2.8B | 10.6× | 10.6× | −8.82% (below 0%: shrinking) | −23.16% (below 0%: shrinking) | −346.83% (below 0%: shrinking) | 29.84% | 17.05% | Compare |
| DFH Dream Finders Homes, Inc. | $1.1B | 12.8× | 9.2× | +2.71% (above 0%: growing) | n/m | −16.82% (below 0%: shrinking) | 14.80% | 0.31% | Compare |
| LGIH LGI Homes, Inc. | $1.1B | 15.4× | 15.7× | +10.15% (above 0%: growing) | +23.82% (above 0%: growing) | +1,594.22% (above 0%: growing) | 20.07% | 6.10% | Compare |
| LEGH Legacy Housing Corporation | $716.1M | 11.5× | 10.9× | +72.20% (above 0%: growing) | +136.11% (above 0%: growing) | +113.55% (above 0%: growing) | 0.00% | 33.62% | |
| HOV Hovnanian Enterprises Inc | $614.0M | 118× | 24.9× | −11.85% (below 0%: shrinking) | n/m | −160.88% (below 0%: shrinking) | 13.12% | 0.81% | Compare |
| BXBL BOXABL, Inc | $463.8M | — (loss-making) | — | — | n/m | −211.88% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $2.0B | 14.4× | 14.9× | −8.82% | −25.71% | −150.25% | 17.88% | 5.82% |
Pay and ownership Proxy statement filed 18 September 2026
Ownership
Directors and executive officers, together
12.70%
Curtis D. Hodgson
17.50%
Kenneth E. Shipley
12.60%
Douglas Shipley
12.10%
William Shipley
12.00%
American Endowment Foundation
9.10%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement