Added to YB: 2025-11-14
Pitch date: 2025-11-12
LGIH [bullish]
LGI Homes, Inc.
-1.75%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
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
$48.58
Price Target
109.00 (+128%)
Dividend
N/A
EV/EBITDA
23.77
P/E
11.54
EV/Sales
1.62
Sector
Household Durables
Category
value
0.5x TB, ATL Valuation, Double-Digit Short Interest for a Housebuilder with a Profitable Growth History and Buybacks - LGI Homes, Inc.
LGIH: Homebuilder at 0.5x P/TB (12yr low, avg 2.4x) vs peers at 1.3x. 16% short interest, -60% from highs. Strong assets: $723M completed homes, $259M WIP, $500M backlog. Net debt $1.7B but no maturities until 2028. CEO Lipar owns 10%, $157M buyback capacity. Recovery scenario: 1x P/TB = 142% upside, 34% 3yr CAGR.
Read full article (8 min)