LGI Homes Inc.
Find Ratings ReportsLGI HOMES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 13.00% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 608.41 | 488.26 |
EBITDA ($mil) | 60.47 | 41.25 |
EBIT ($mil) | 59.84 | 40.8 |
Net Income ($mil) | 52.09 | 34.12 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 48.98 | 32.0 |
Total Assets ($mil) | 3407.85 | 3124.83 |
Total Debt ($mil) | 1357.74 | 1263.98 |
Equity ($mil) | 1856.03 | 1642.41 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 23.44 | 20.69 |
EBITDA Margin | 9.93 | 8.44 |
Operating Margin | 9.84 | 8.36 |
Sales Turnover | 0.69 | 0.74 |
Return on Assets | 5.84 | 10.45 |
Return on Equity | 10.73 | 19.88 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.42 | 0.43 |
Interest Expense | 24.74 | 18.23 |
Interest Coverage | 2.42 | 2.24 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 23.58 | 23.31 |
Div / share | 0.0 | 0.0 |
EPS | 2.19 | 1.45 |
Book value / share | 78.71 | 70.47 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 180509.0 | 229429.0 |
HOLD. The current P/E ratio indicates a premium compared to an average of 10.71 for the Construction of Buildings subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.38 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 2.28. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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LGIH 12.86 | Peers 10.71 | LGIH NM | Peers 13.81 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. LGIH is trading at a premium to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. LGIH's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LGIH 9.53 | Peers 7.97 | LGIH 1.04 | Peers 2.42 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. LGIH is trading at a significant premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. LGIH trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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LGIH 1.38 | Peers 2.28 | LGIH -38.77 | Peers -9.42 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. LGIH is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, LGIH is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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LGIH 1.08 | Peers 1.33 | LGIH 2.34 | Peers 0.52 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. LGIH is trading at a discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. LGIH has a sales growth rate that significantly exceeds its peers. |
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