$Legacy Housing (LEGH.US)$ 🎯 2024.3.26 Current price 19.98,...

New data: 23Q3 and 23Q4. Revenue declined for 4 consecutive quarters. Operating profit declined in Q3 due to fluctuations in gross margin, and net profit declined similarly.

In 2023, revenue shrank 26.4%, operating profit shrank 17.2%, and net profit shrank 19.6%.

The balance ratio increased slightly from 12.5% to 13.8%, long-term loans increased from 2.55 million to 23.68 million, while cash fell from 11.23 million to 748,000, and capital was very tight.

Currently, the price-earnings ratio is 9.1. Due to the strong cyclicality of the sector, it is likely that 4 consecutive quarters of contraction have entered a downward cycle and withdrawn from wait and see.