Legacy Housing Corporation (LEGH) vs M/I Homes, Inc. (MHO)

Legacy Housing Corporation and M/I Homes, Inc. are both Residential Construction companies. M/I Homes, Inc. is the larger, with a market value of $3.3B against $674.7M — 4.9× the size. M/I Homes, Inc. trades at the lower P/E: 10.5× against 13.0×. Legacy Housing Corporation grew revenue faster over the last twelve months: −2.62% against −4.99%. Legacy Housing Corporation has the higher net margin (28.6% vs 7.44%) and the lower return on invested capital (6.90% vs 7.22%). Across the 22 metrics below, M/I Homes, Inc. leads on 14 and Legacy Housing Corporation on 8.

Valuation

Metric LEGH MHO Residential Construction median
P/E 13.02 10.55 13.02
P/S 3.71 0.77 0.96
P/B 1.18 1.02 1.10
Price to free cash flow 16.78 16.02 15.61
EV/EBITDA 10.61 8.37 10.61
EV/Sales 3.55 0.82 1.26
Earnings yield 7.68% 9.48% 7.32%
Free cash flow yield 5.96% 6.24% 6.22%

Profitability

Metric LEGH MHO Residential Construction median
Gross margin 48.75% 22.60% 22.30%
Operating margin 32.79% 9.32% 9.03%
Net margin 28.56% 7.44% 7.30%
Free cash flow margin 22.10% 4.81% 8.46%
Return on equity 9.53% 10.06% 9.84%
Return on assets 8.78% 6.61% 7.43%
Return on invested capital 6.90% 7.22% 6.90%

Growth

Metric LEGH MHO Residential Construction median
Revenue growth (TTM) (2.62%) (4.99%) (7.66%)
EPS growth (last fiscal year) (29.84%) (25.22%) (25.22%)
Revenue growth, 5-year CAGR (1.42%) 7.72% 8.74%
Net income growth, 5-year CAGR 1.93% 10.93% 8.43%

Health

Metric LEGH MHO Residential Construction median
Debt to equity 0.00 0.29 0.20
Current ratio 3.56 7.65 3.56
Net debt to EBITDA (0.15) 0.54 0.28

Dividend

Metric LEGH MHO Residential Construction median
Dividend yield — — 1.33%
Payout ratio — — 0.17

Size

Metric LEGH MHO Residential Construction median
Market cap 674.72m 3.29b 3.95b

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