Legacy Housing Corp (LEGH) - Net Assets
Based on the latest financial reports, Legacy Housing Corp (LEGH) has net assets worth $528.61 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($580.34 Million) and total liabilities ($51.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Legacy Housing Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $528.61 Million |
| % of Total Assets | 91.09% |
| Annual Growth Rate | 18.4% |
| 5-Year Change | 70.85% |
| 10-Year Change | N/A |
| Growth Volatility | 15.91 |
Legacy Housing Corp - Net Assets Trend (2016–2025)
This chart illustrates how Legacy Housing Corp's net assets have evolved over time, based on quarterly financial data. Also explore Legacy Housing Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Legacy Housing Corp (2016–2025)
The table below shows the annual net assets of Legacy Housing Corp from 2016 to 2025. For live valuation and market cap data, see Legacy Housing Corp (LEGH) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $528.61 Million | +7.02% |
| 2024-12-31 | $493.96 Million | +13.10% |
| 2023-12-31 | $436.74 Million | +41.16% |
| 2022-12-31 | $309.39 Million | 0.00% |
| 2021-12-31 | $309.39 Million | +19.37% |
| 2020-12-31 | $259.19 Million | +16.55% |
| 2019-12-31 | $222.39 Million | +17.49% |
| 2018-12-31 | $189.28 Million | +52.31% |
| 2017-12-31 | $124.27 Million | +7.51% |
| 2016-12-31 | $115.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Legacy Housing Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 39318400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $363.21 Million | 68.71% |
| Common Stock | $32.00K | 0.01% |
| Other Components | $165.37 Million | 31.28% |
| Total Equity | $528.61 Million | 100.00% |
Legacy Housing Corp Competitors by Market Cap
The table below lists competitors of Legacy Housing Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HCR Co Ltd
SHG:688500
|
$513.78 Million |
|
Oriental Times Media Corp
SHE:002175
|
$513.79 Million |
|
Invesco California Value Muni Inc Tr
NYSE:VCV
|
$513.80 Million |
|
Sunrise Energy Metals Ltd
AU:SRL
|
$513.85 Million |
|
Chongqing Mas Sci&Tech
SHE:300275
|
$513.36 Million |
|
Personalis Inc
NASDAQ:PSNL
|
$513.29 Million |
|
Lumibird SA
PA:LBIRD
|
$513.10 Million |
|
Girisim Elektrik Taahhut Ticaret & Sanayi AS
IS:GESAN
|
$513.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Legacy Housing Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 493,956,000 to 528,614,000, a change of 34,658,000 (7.0%).
- Net income of 41,809,000 contributed positively to equity growth.
- Share repurchases of 7,609,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.81 Million | +7.91% |
| Share Repurchases | $7.61 Million | -1.44% |
| Other Changes | $458.00K | +0.09% |
| Total Change | $- | 7.02% |
Book Value vs Market Value Analysis
This analysis compares Legacy Housing Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.74x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $5.78 | $21.62 | x |
| 2017-12-31 | $5.18 | $21.62 | x |
| 2018-12-31 | $9.37 | $21.62 | x |
| 2019-12-31 | $9.10 | $21.62 | x |
| 2020-12-31 | $10.69 | $21.62 | x |
| 2021-12-31 | $12.78 | $21.62 | x |
| 2022-12-31 | $12.74 | $21.62 | x |
| 2023-12-31 | $17.42 | $21.62 | x |
| 2024-12-31 | $19.91 | $21.62 | x |
| 2025-12-31 | $22.04 | $21.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Legacy Housing Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.41%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.10x
- Recent ROE (7.91%) is below the historical average (14.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.00% | 15.69% | 0.61x | 1.56x | $5.78 Million |
| 2017 | 21.20% | 20.47% | 0.62x | 1.68x | $13.92 Million |
| 2018 | 11.37% | 13.29% | 0.69x | 1.24x | $2.58 Million |
| 2019 | 12.97% | 17.07% | 0.60x | 1.28x | $6.61 Million |
| 2020 | 14.66% | 21.50% | 0.52x | 1.31x | $12.08 Million |
| 2021 | 16.12% | 25.25% | 0.54x | 1.19x | $18.93 Million |
| 2022 | 21.91% | 26.37% | 0.70x | 1.19x | $36.83 Million |
| 2023 | 12.47% | 28.79% | 0.37x | 1.16x | $10.79 Million |
| 2024 | 12.48% | 33.47% | 0.34x | 1.08x | $12.25 Million |
| 2025 | 7.91% | 25.41% | 0.28x | 1.10x | $-11.05 Million |
Industry Comparison
This section compares Legacy Housing Corp's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $992,134,778
- Average return on equity (ROE) among peers: 14.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Legacy Housing Corp (LEGH) | $528.61 Million | 15.00% | 0.10x | $513.63 Million |
| Beazer Homes USA Inc (BZH) | $1.23 Billion | 11.38% | 1.10x | $608.73 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.96 Billion |
| Dream Finders Homes Inc (DFH) | $1.09 Billion | 27.24% | 1.36x | $520.11 Million |
| DR Horton Inc (DHI) | $802.39 Million | 19.92% | 1.94x | $43.57 Billion |
| Green Brick Partners Inc (GRBK) | $77.89 Million | -17.50% | 3.45x | $2.89 Billion |
| Hovnanian Enterprises Inc (HOV) | $1.97 Billion | 23.92% | 1.39x | $569.25 Million |
| Installed Building Products Inc (IBP) | $91.87 Million | 15.16% | 1.55x | $7.83 Billion |
| KB Home (KBH) | $2.18 Billion | 22.03% | 1.67x | $3.25 Billion |
| Lennar Corporation (LEN) | $1.23 Billion | 18.65% | 2.08x | $19.08 Billion |
About Legacy Housing Corp
Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers. It also provi… Read more