Professional
Added to YB: 2021-04-15
Pitch date: 2021-04-15
LGIH [bullish]
LGI Homes, Inc.
-70.83%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
LGI Homes, Inc. engages in the design, construction, and sale of homes in the United States. It markets and sells attached and detached entry-level homes and active adult offerings under the LGI Homes brand; and luxury homes under the Terrata Homes brand.
Market Cap
$1.2B
Pitch Price
$165.32
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.77
P/E
11.54
EV/Sales
1.62
Sector
Household Durables
Category
growth
1 Main Holdings top position: LGI Homes (LGIH)
LGIH: Differentiated entry-level homebuilder expanded from 9 to 34 markets since 2013 IPO while maintaining 27% 5yr avg ROE. Builds affordable homes away from urban centers, sells direct-to-consumer for higher margins & faster turnover. Aims for top 5 builder status ($10B+ rev). Acquired at <10x earnings, strong ROE funds organic growth + buybacks/M&A.
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