$877.7 M

LGIH Mkt cap, 15-Oct-2018

$698.9 M

LGI Homes Revenue Q2, 2018
LGI Homes Gross profit (Q2, 2018)179 M
LGI Homes Gross profit margin (Q2, 2018), %25.6%
LGI Homes Net income (Q2, 2018)74.9 M
LGI Homes EBIT (Q2, 2018)93 M
LGI Homes Cash, 30-Jun-201848.9 M
LGI Homes EV1.9 B

LGI Homes Revenue

LGI Homes revenue was $1.26 b in FY, 2017

Embed Graph

LGI Homes Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

162.8m383.3m630.2m838.3m1.3b

Revenue growth, %

135%64%33%

Cost of goods sold

121.3m280.5m463.3m616.7m937.5m

Gross profit

41.5m102.8m166.9m221.6m320.4m

Gross profit Margin, %

25%27%26%26%25%

Sales and marketing expense

67.0m95.0m

General and administrative expense

43.2m55.7m

Operating expense total

110.1m150.6m

EBIT

12.1m42.4m79.7m111.5m169.8m

EBIT margin, %

7%11%13%13%13%

Interest expense

50.9k

Pre tax profit

22.8m43.1m80.3m113.7m171.4m

Income tax expense

(1.1m)14.9m27.5m38.6m58.1m

Net Income

21.7m28.2m52.8m75.0m113.3m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

75.9m106.4m92.5m120.7m158.8m174.0m162.5m222.7m216.3m162.9m324.2m279.0m698.9m

Cost of goods sold

56.4m78.0m67.3m89.2m116.3m127.9m121.1m163.6m159.5m119.4m237.8m209.8m519.8m

Gross profit

19.5m28.4m25.3m31.5m42.6m46.0m41.4m59.1m56.8m43.5m86.3m69.3m179.0m

Gross profit Margin, %

26%27%27%26%27%26%25%27%26%27%27%25%26%

Sales and marketing expense

7.4m9.2m9.2m11.6m13.4m14.1m14.1m17.9m17.0m16.1m24.2m22.9m52.3m

General and administrative expense

5.1m5.3m6.1m8.2m7.9m8.9m10.0m10.5m10.7m11.3m13.7m15.4m33.7m

Operating expense total

12.5m14.5m15.4m19.8m21.3m23.0m24.0m28.4m27.7m27.4m37.9m38.4m86.0m

EBIT

7.1m13.9m9.9m11.7m21.2m23.0m17.3m30.7m29.1m16.1m48.5m30.9m93.0m

EBIT margin, %

9%13%11%10%13%13%11%14%13%10%15%11%13%

Interest expense

Pre tax profit

7.1m13.9m10.5m11.7m21.2m23.2m17.8m31.4m29.5m16.8m48.6m31.2m93.9m

Income tax expense

(2.5m)(4.9m)(3.5m)(4.0m)(7.3m)(7.8m)6.1m10.7m10.0m5.1m16.4m3.9m19.0m

Net Income

4.6m9.0m7.0m15.4m11.7m20.7m19.5m11.8m32.2m27.3m74.9m

LGI Homes Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

54.1m31.4m37.6m49.5m67.6m

Accounts Receivable

5.4m7.4m17.3m17.1m44.7m

Inventories

142.0m367.9m531.2m717.7m918.9m

PP&E

844.7k1.6m2.1m2.0m1.7m

Goodwill

12.7m12.5m12.2m12.0m12.0m

Total Assets

221.0m438.1m622.3m814.5m1.1b

Accounts Payable

14.0m15.5m24.0m12.3m12.0m

Short-term debt

35.5m216.1m400.5m475.2m

Long-term debt

35.5m216.1m400.5m475.2m

Total Debt

71.1m432.2m801.0m950.4m

Total Liabilities

459.3m590.0m

Common Stock

223.0k

Additional Paid-in Capital

157.1m163.5m175.6m208.3m229.7m

Retained Earnings

7.1m35.3m88.2m163.2m276.5m

Total Equity

164.4m182.5m247.4m355.2m489.8m

Debt to Equity Ratio

0.4 x2.4 x2.3 x

Debt to Assets Ratio

0.3 x1 x1 x

Financial Leverage

1.3 x2.4 x2.5 x2.3 x2.2 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

49.7m36.5m47.6m49.7m45.9m31.6m27.3m52.0m48.9m

Accounts Receivable

14.8m15.8m13.8m15.1m15.6m17.2m34.1m21.7m31.7m

Inventories

407.1m460.5m561.0m609.9m676.9m788.8m836.0m1.0b1.1b

PP&E

2.1m2.1m2.0m2.0m2.0m1.9m1.9m1.6m1.7m

Goodwill

12.4m12.3m12.2m12.1m12.0m12.0m12.0m12.0m12.0m

Total Assets

503.1m547.0m653.1m707.4m768.6m867.6m931.7m1.2b1.2b

Accounts Payable

24.7m28.9m20.5m22.0m18.6m19.9m19.0m25.7m19.9m

Short-term debt

239.9m247.8m323.1m334.2m354.9m426.2m442.9m571.7m554.5m

Long-term debt

239.9m247.8m323.1m334.2m354.9m426.2m442.9m571.7m554.5m

Total Debt

479.9m495.6m646.2m668.3m709.9m852.3m885.9m1.1b1.1b

Total Liabilities

298.1m322.7m389.6m406.5m438.1m494.4m525.3m651.9m631.2m

Additional Paid-in Capital

164.4m168.1m180.0m196.8m206.9m214.6m215.5m231.4m233.6m

Retained Earnings

57.0m72.4m99.9m120.5m140.0m175.0m207.2m303.8m351.4m

Total Equity

205.1m224.2m263.5m300.9m330.6m373.2m406.4m518.9m568.7m

Financial Leverage

2.5 x2.4 x2.5 x2.4 x2.3 x2.3 x2.3 x2.3 x2.1 x

LGI Homes Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

21.7m28.2m52.8m75.0m113.3m

Depreciation and Amortization

291.6k825.0k883.0k1.1m791.0k

Accounts Receivable

(3.9m)(2.0m)(10.0m)270.0k(27.7m)

Inventories

(75.0m)(200.0m)(150.0m)(183.9m)(200.6m)

Accounts Payable

5.8m1.5m9.6m(11.7m)(257.0k)

Cash From Operating Activities

(54.5m)(173.2m)(89.2m)(108.2m)(68.5m)

Purchases of PP&E

(684.4k)(1.2m)(1.1m)(722.0k)(518.0k)

Cash From Investing Activities

(31.3m)(16.4m)(1.1m)(722.0k)(518.0k)

Long-term Borrowings

(52.0m)(45.0m)(25.0m)

Cash From Financing Activities

132.7m166.9m96.5m120.9m87.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

4.6m13.6m20.7m37.1m11.7m32.4m51.8m11.8m44.0m27.3m74.9m

Depreciation and Amortization

144.0k301.0k471.0k206.0k422.0k647.0k366.0k649.0k872.0k211.0k406.0k180.0k366.0k

Accounts Receivable

(139.0k)(3.8m)(4.3m)(5.6m)(7.4m)(8.5m)3.6m2.3m1.7m(95.0k)(17.1m)23.0m13.0m

Inventories

(35.6m)(75.3m)(143.5m)(14.5m)(33.7m)(85.4m)(28.9m)(76.6m)(143.1m)(70.3m)(116.7m)(120.3m)(143.4m)

Accounts Payable

(631.0k)5.4m1.4m2.4m9.5m14.2m(3.3m)(2.0m)(5.5m)7.6m6.7m13.7m7.9m

Cash From Operating Activities

(41.4m)(67.5m)(129.6m)(5.4m)(1.8m)(24.4m)(10.5m)(34.5m)(67.0m)(47.2m)(67.7m)(110.9m)(95.7m)

Purchases of PP&E

(298.0k)(539.0k)(828.0k)(189.0k)(417.0k)(892.0k)(185.0k)(358.0k)(571.0k)(171.0k)(323.0k)(153.0k)(367.0k)

Cash From Investing Activities

(298.0k)(539.0k)(828.0k)(473.0k)(417.0k)(892.0k)(185.0k)(358.0k)(571.0k)(171.0k)(323.0k)(153.0k)(367.0k)

Long-term Borrowings

(1.7m)(2.4m)(2.9m)(580.0k)(154.7m)(154.8m)(17.0m)(37.0m)(40.0m)(15.0m)(15.0m)(40.0m)

Cash From Financing Activities

13.3m56.8m122.5m13.5m20.6m30.3m20.7m46.9m75.9m29.5m45.8m95.5m77.4m

LGI Homes Ratios

USDY, 2018

EV/EBIT

20.8 x

EV/CFO

-20.3 x

Financial Leverage

2.1 x
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