Legacy's CEO praised the team's effort to manage expenses and boost profitability amid lower demand. He noted significant time spent on recruiting professionals and upgrading processes, and expressed optimism about improving market conditions and Legacy's positioning for 2024.
Kenneth Shipley's recent sale is the largest insider sale of Legacy Housing shares in the past year. Despite high insider ownership, the history of share sales could be a cause for concern.
Legacy Housing's true earnings power may be less, given lower profit to FCF conversion. Its strong EPS growth over the past years offers hope. More analysis involving margins, forecast growth, etc., advised for a better understanding.
Upgrades •$B&G食品(BGS.US)$: Piper Sandler Upgrades to Neutral from Underweight - PT $23 (from $25) •$諾基亞(NOK.US)$: Citigroup Upgrades to Buy from Neutral •$美國網存(NTAP.US)$: Deutsche Bank Upgrades to Buy from Hold - PT $84 (from $90) •$PBF Energy(PBF.US)$: Wells Fargo Upgrades to Overweight from Equal Weight - PT $57 (from $30) •$US Silica(SLCA.US)$: Evercore ISI Upgrades to Outperform from In Line - PT $20 •$湯森路透(TRI.US)$: CIBC Up...
Legacy Housing股票討論區
新增數據:23Q3,23Q4,營收連續下滑4個季度,營業利潤受毛利率波動影響Q3增長Q4下滑,淨利潤也類似。
2023年營收萎縮26.4%,營業利潤萎縮17.2%,淨利潤萎縮19.6%。
資產負債率從12.5%微增到13.8%,長期借款從254.5萬增長到2368萬,而現金從1123萬下降到74.8萬,資金非常緊張。
目前市盈率9.1,由於板塊有很強的週期性,連續4個季度萎縮很可能是進入了下降週期,退出觀望。
2023上半年營收萎縮15%,營業利潤萎縮7.4%,淨利潤萎縮6.2%。
5年來資產負債率從19.5%,下降到12.5%,2023Q2進一步下降到11.3%。應收增長較快,存貨不高。有少量短期借款,沒有長期借款。
5年來現金流經營淨額略微高於投資淨額,股東盈餘很少。
目前市盈率7.8,市盈率TTM微升到8.1,考慮到板塊週期問題,僅可謹慎選擇(⭐️)
• $B&G食品(BGS.US)$ : Piper Sandler Upgrades to Neutral from Underweight - PT $23 (from $25)
• $諾基亞(NOK.US)$ : Citigroup Upgrades to Buy from Neutral
• $美國網存(NTAP.US)$ : Deutsche Bank Upgrades to Buy from Hold - PT $84 (from $90)
• $PBF Energy(PBF.US)$ : Wells Fargo Upgrades to Overweight from Equal Weight - PT $57 (from $30)
• $US Silica(SLCA.US)$ : Evercore ISI Upgrades to Outperform from In Line - PT $20
• $湯森路透(TRI.US)$ : CIBC Up...
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