Legacy Housing Corporation (LEGH) AI Stock Analysis

Legacy Housing Corporation specializes in the construction, sale, and financing of manufactured homes and tiny houses primarily across the southern United States. Operating a vertically integrated model, the company handles mobile home manufacturing, transportation logistics, and wholesale financing services tailored for dealers and mobile home parks. It provides floor plan financing to independent retailers, consumer financing to homebuyers, and financing solutions to manufactured housing community owners. The company markets homes under the Legacy brand through 176 independent retail locations and 13 company-owned stores, while also selling directly to community owners across 15 states and participating in community development.

Revenue rose from $197.5M in FY2021 to a peak of $257.0M in FY2022 before declining to $189.1M in FY2023, $184.2M in FY2024, and $164.6M in FY2025, reflecting a 5-year revenue CAGR of -1.4%. Despite top-line contractions, profitability remained resilient, with gross margin at 47.4% and net income at $41.8M in FY2025. Over the trailing twelve months, revenue reached $179.4M with an operating margin of 39.9% and diluted EPS of $2.15. Performance accelerated in the latest quarter ended June 30, 2026, as quarterly revenue increased 32.3% and quarterly earnings jumped 64.6% year-over-year.

As of June 30, 2026, Legacy Housing held $29.0M in cash and short-term investments against total debt of $1.1M, yielding net cash of $27.9M. The balance sheet carries a debt-to-equity ratio of 0.00 and a current ratio of 3.56, supported by $562.2M in shareholders' equity. In FY2025, operating cash flow stood at $37.2M and free cash flow was $28.2M. Capital allocation in FY2025 included $9.0M in capital expenditures and $7.6M deployed toward share buybacks, contributing to a 1.6% reduction in share count over 5 years.

At $27.39 per share, Legacy Housing trades at a trailing P/E of 12.7x and a forward P/E of 12.3x, both below the median of its US-listed Consumer Cyclical peers at 18.0x and 14.1x, respectively. Its enterprise value of $660.7M implies an EV/EBITDA of 10.5x, slightly lower than the peer median of 11.1x, while its price-to-sales ratio of 3.6x sits above the peer median of 0.7x. The stock has gained 17.9% over the past year, outpacing the S&P 500 (SPY) return of 16.8%, but its 5-year return of 62.2% trails the index return of 83.0%.

Wall Street coverage includes 1 analyst with a Hold rating. The mean price target is $24.00, representing a 12.4% discount to the last close of $27.39. For the current fiscal year ending December 31, 2026, consensus EPS is estimated at $2.64, representing 51.7% growth. For the next fiscal year, EPS is projected to decrease 15.5% to $2.23. The company has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings report is scheduled for November 6, 2026.

This page is an AI-written research summary of Legacy Housing Corporation (LEGH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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