Legacy Free Cash Flow vs Operating Income Analysis

LEGH Stock

USD 20.12 0.21 1.03%

Legacy Housing financial indicator trend analysis is infinitely more than just investigating Legacy Housing Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Legacy Housing Corp is a good investment. Please check the relationship between Legacy Housing Free Cash Flow and its Operating Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Free Cash Flow vs Operating Income

Free Cash Flow vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Legacy Housing Corp Free Cash Flow account and Operating Income. At this time, the significance of the direction appears to have weak relationship.

The correlation between Legacy Housing's Free Cash Flow and Operating Income is 0.39. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Operating Income in the same time period over historical financial statements of Legacy Housing Corp, assuming nothing else is changed. The correlation between historical values of Legacy Housing's Free Cash Flow and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Legacy Housing Corp are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Free Cash Flow i.e., Legacy Housing's Free Cash Flow and Operating Income go up and down completely randomly.

Correlation Coefficient

0.39

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Operating Income

Operating Income is the amount of profit realized from Legacy Housing Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Legacy Housing Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most indicators from Legacy Housing's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Legacy Housing Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

As of now, Legacy Housing's Sales General And Administrative To Revenue is increasing as compared to previous years. The Legacy Housing's current Enterprise Value Over EBITDA is estimated to increase to 10.78, while Tax Provision is projected to decrease to under 9.4 M.

	2021	2023	2024 (projected)
Depreciation And Amortization	4.2M	2.3M	2.1M
Interest Income	2.1M	2.8M	3.0M

Depreciation And Amortization Interest Income

Legacy Housing fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Long Term Debt Total	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity
Total Assets		-0.71	0.78	0.8	1.0	0.89	0.98	0.99	0.75	-0.7	0.92	0.11	-0.11	1.0	-0.26	0.98	-0.67	-0.11	0.73	-0.83	0.84	-0.81	-0.63	0.39	0.89	0.84
Short Long Term Debt Total	-0.71		-0.67	-0.69	-0.76	-0.71	-0.79	-0.78	-0.8	1.0	-0.71	0.26	-0.41	-0.68	0.13	-0.72	0.91	-0.41	-0.38	0.87	-0.51	0.89	0.9	-0.62	-0.82	-0.86
Other Current Liab	0.78	-0.67		0.64	0.8	0.71	0.72	0.77	0.6	-0.66	0.73	-0.24	0.11	0.75	-0.62	0.66	-0.63	0.11	0.4	-0.68	0.62	-0.77	-0.63	0.49	0.77	0.69
Total Current Liabilities	0.8	-0.69	0.64		0.8	0.66	0.8	0.81	0.7	-0.68	0.73	0.23	0.06	0.81	0.05	0.84	-0.84	0.06	0.47	-0.86	0.9	-0.85	-0.83	0.33	0.94	0.87
Total Stockholder Equity	1.0	-0.76	0.8	0.8		0.91	0.98	0.99	0.76	-0.75	0.92	0.05	-0.04	0.99	-0.26	0.97	-0.71	-0.03	0.71	-0.86	0.81	-0.85	-0.68	0.42	0.91	0.86
Other Liab	0.89	-0.71	0.71	0.66	0.91		0.91	0.87	0.63	-0.71	0.85	-0.19	0.13	0.87	-0.25	0.86	-0.68	0.14	0.79	-0.78	0.69	-0.82	-0.63	0.54	0.82	0.79
Net Tangible Assets	0.98	-0.79	0.72	0.8	0.98	0.91		0.99	0.81	-0.78	0.88	0.04	-0.04	0.96	-0.16	0.98	-0.74	-0.03	0.69	-0.84	0.78	-0.84	-0.69	0.45	0.9	0.85
Property Plant And Equipment Net	0.99	-0.78	0.77	0.81	0.99	0.87	0.99		0.82	-0.77	0.91	0.09	-0.09	0.98	-0.23	0.98	-0.72	-0.09	0.68	-0.85	0.82	-0.84	-0.68	0.42	0.91	0.85
Current Deferred Revenue	0.75	-0.8	0.6	0.7	0.76	0.63	0.81	0.82		-0.78	0.67	0.05	-0.13	0.71	-0.12	0.77	-0.67	-0.13	0.37	-0.69	0.71	-0.68	-0.64	0.71	0.71	0.7
Net Debt	-0.7	1.0	-0.66	-0.68	-0.75	-0.71	-0.78	-0.77	-0.78		-0.71	0.27	-0.43	-0.67	0.13	-0.71	0.92	-0.43	-0.39	0.87	-0.51	0.9	0.9	-0.63	-0.82	-0.86
Retained Earnings	0.92	-0.71	0.73	0.73	0.92	0.85	0.88	0.91	0.67	-0.71		-0.02	-0.08	0.91	-0.41	0.87	-0.66	-0.07	0.85	-0.81	0.81	-0.84	-0.64	0.43	0.84	0.77
Accounts Payable	0.11	0.26	-0.24	0.23	0.05	-0.19	0.04	0.09	0.05	0.27	-0.02		-0.42	0.18	0.5	0.22	0.22	-0.42	-0.07	-0.1	0.32	0.24	0.21	-0.34	-0.02	0.12
Cash	-0.11	-0.41	0.11	0.06	-0.04	0.13	-0.04	-0.09	-0.13	-0.43	-0.08	-0.42		-0.11	0.2	-0.1	-0.46	1.0	-0.2	-0.35	-0.24	-0.32	-0.49	0.2	0.17	0.36
Non Current Assets Total	1.0	-0.68	0.75	0.81	0.99	0.87	0.96	0.98	0.71	-0.67	0.91	0.18	-0.11		-0.22	0.98	-0.65	-0.11	0.72	-0.84	0.84	-0.79	-0.62	0.32	0.89	0.84
Non Currrent Assets Other	-0.26	0.13	-0.62	0.05	-0.26	-0.25	-0.16	-0.23	-0.12	0.13	-0.41	0.5	0.2	-0.22		-0.07	0.0	0.2	-0.31	0.01	-0.12	0.23	0.01	-0.28	-0.13	0.03
Other Assets	0.98	-0.72	0.66	0.84	0.97	0.86	0.98	0.98	0.77	-0.71	0.87	0.22	-0.1	0.98	-0.07		-0.7	-0.1	0.69	-0.85	0.84	-0.8	-0.66	0.34	0.9	0.86
Long Term Debt	-0.67	0.91	-0.63	-0.84	-0.71	-0.68	-0.74	-0.72	-0.67	0.92	-0.66	0.22	-0.46	-0.65	0.0	-0.7		-0.47	-0.38	0.88	-0.61	0.95	1.0	-0.48	-0.91	-0.87
Cash And Short Term Investments	-0.11	-0.41	0.11	0.06	-0.03	0.14	-0.03	-0.09	-0.13	-0.43	-0.07	-0.42	1.0	-0.11	0.2	-0.1	-0.47		-0.19	-0.36	-0.24	-0.33	-0.49	0.2	0.17	0.36
Net Receivables	0.73	-0.38	0.4	0.47	0.71	0.79	0.69	0.68	0.37	-0.39	0.85	-0.07	-0.2	0.72	-0.31	0.69	-0.38	-0.19		-0.53	0.66	-0.6	-0.34	0.28	0.58	0.49
Common Stock Total Equity	-0.83	0.87	-0.68	-0.86	-0.86	-0.78	-0.84	-0.85	-0.69	0.87	-0.81	-0.1	-0.35	-0.84	0.01	-0.85	0.88	-0.36	-0.53		-0.75	0.9	0.87	-0.46	-0.91	-0.99
Common Stock Shares Outstanding	0.84	-0.51	0.62	0.9	0.81	0.69	0.78	0.82	0.71	-0.51	0.81	0.32	-0.24	0.84	-0.12	0.84	-0.61	-0.24	0.66	-0.75		-0.71	-0.59	0.42	0.81	0.74
Long Term Debt Total	-0.81	0.89	-0.77	-0.85	-0.85	-0.82	-0.84	-0.84	-0.68	0.9	-0.84	0.24	-0.32	-0.79	0.23	-0.8	0.95	-0.33	-0.6	0.9	-0.71		0.94	-0.5	-0.96	-0.89
Non Current Liabilities Total	-0.63	0.9	-0.63	-0.83	-0.68	-0.63	-0.69	-0.68	-0.64	0.9	-0.64	0.21	-0.49	-0.62	0.01	-0.66	1.0	-0.49	-0.34	0.87	-0.59	0.94		-0.46	-0.89	-0.86
Inventory	0.39	-0.62	0.49	0.33	0.42	0.54	0.45	0.42	0.71	-0.63	0.43	-0.34	0.2	0.32	-0.28	0.34	-0.48	0.2	0.28	-0.46	0.42	-0.5	-0.46		0.37	0.46
Other Current Assets	0.89	-0.82	0.77	0.94	0.91	0.82	0.9	0.91	0.71	-0.82	0.84	-0.02	0.17	0.89	-0.13	0.9	-0.91	0.17	0.58	-0.91	0.81	-0.96	-0.89	0.37		0.91
Other Stockholder Equity	0.84	-0.86	0.69	0.87	0.86	0.79	0.85	0.85	0.7	-0.86	0.77	0.12	0.36	0.84	0.03	0.86	-0.87	0.36	0.49	-0.99	0.74	-0.89	-0.86	0.46	0.91

Click cells to compare fundamentals

Legacy Housing Account Relationship Matchups

Legacy Housing fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	235.0M	283.6M	338.6M	366.7M	508.3M	342.0M
Short Long Term Debt Total	17.6M	30.9M	36.2M	8.0M	25.6M	25.4M
Other Current Liab	16.3M	7.7M	30.2M	9.4M	28.6M	17.0M
Total Current Liabilities	20.4M	51.9M	36.4M	41.9M	37.3M	36.9M
Total Stockholder Equity	189.3M	222.4M	259.2M	309.4M	436.7M	270.4M
Other Liab	7.3M	6.8M	7.3M	8.6M	9.9M	8.0M
Net Tangible Assets	222.4M	259.2M	309.4M	382.1M	439.4M	251.8M
Property Plant And Equipment Net	17.1M	23.1M	29.8M	36.9M	47.3M	29.5M
Current Deferred Revenue	2.2M	1.6M	3.6M	7.7M	4.1M	3.7M
Net Debt	15.0M	29.1M	35.4M	7.0M	24.8M	22.1M
Retained Earnings	21.5M	50.4M	88.4M	138.2M	259.8M	272.7M
Accounts Payable	2.8M	5.2M	10.2M	4.2M	4.1M	4.1M
Cash	2.6M	1.7M	768K	1.0M	748K	936K
Non Current Assets Total	171.9M	230.7M	283.7M	274.1M	400.4M	263.7M
Non Currrent Assets Other	205.8M	251.8M	3.0M	234.2M	10.4M	9.8M
Other Assets	209.6M	261.0M	237.2M	288.1M	331.4M	221.7M
Long Term Debt	2.0M	36.2M	8.0M	2.5M	23.7M	18.7M
Cash And Short Term Investments	2.6M	1.7M	768K	1.0M	748K	950.6K
Net Receivables	19.2M	23.7M	5.1M	45.8M	69.0M	72.5M
Common Stock Total Equity	124.3M	24K	25K	30K	27K	25.7K
Common Stock Shares Outstanding	24.4M	24.2M	24.2M	24.3M	25.1M	25.6M
Long Term Debt Total	17.4M	2.0M	36.2M	2.5M	2.3M	2.2M
Liabilities And Stockholders Equity	235.0M	283.6M	338.6M	366.7M	508.3M	333.2M
Non Current Liabilities Total	25.4M	9.3M	43.0M	15.3M	34.2M	25.3M
Inventory	27.2M	27.2M	42M	41.2M	33.2M	38.7M
Other Current Assets	2.9M	4.9M	3.2M	4.5M	4.9M	3.9M
Other Stockholder Equity	173.0M	172.0M	170.8M	171.1M	176.9M	137.0M
Total Liab	45.8M	61.2M	79.4M	57.3M	71.6M	52.1M
Property Plant And Equipment Gross	23.1M	29.8M	45.1M	51.0M	57.8M	34.0M
Total Current Assets	63.1M	53.0M	55.0M	92.5M	107.9M	78.3M
Non Current Liabilities Other	5.5M	4.2M	4.3M	7.6M	5.3M	4.6M
Short Term Debt	228K	28.9M	14.9M	20.7M	489K	464.6K
Property Plant Equipment	21.0M	22.6M	36.9M	37.1M	42.7M	24.8M
Net Invested Capital	253.3M	295.4M	317.4M	384.6M	460.4M	330.2M
Net Working Capital	1.0M	18.6M	50.6M	65.6M	70.6M	44.8M

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When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:

How To Invest In Legacy

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Is Legacy Stock a good investment?

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What is Legacy Housing's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legacy Housing Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Legacy Housing's price analysis, check to measure Legacy Housing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.

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Is Legacy Housing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legacy Housing. If investors know Legacy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.66)

Earnings Share

2.17

Revenue Per Share

7.757

Quarterly Revenue Growth

(0.55)

Return On Assets

0.0856

The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Legacy Free Cash Flow vs Operating Income Analysis

Free Cash Flow vs Operating Income

Free Cash Flow vs Operating Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Operating Income

Legacy Housing fundamental ratios Correlations

Legacy Housing Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Legacy Housing fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Legacy Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 1.0	Long Term Debt
Property Plant And Equipment Net	+ 0.99	Total Assets

Other Stockholder Equity	- 0.99	Common Stock Total Equity
Other Current Assets	- 0.96	Long Term Debt Total
Other Current Assets	- 0.91	Common Stock Total Equity
Other Current Assets	- 0.91	Long Term Debt
Other Current Assets	- 0.89	Non Current Liabilities Total
Other Stockholder Equity	- 0.89	Long Term Debt Total