LGI Homes |
|
|---|---|
| 2017 Performance Final Grade: 81.91/1002016 Final Grade: 83.3/100 | A/A |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 42.2% | -420bps |
| Pretax home building income (in millions) | $169.8 | 52.3% |
| Total SG&A/Total revenue | 12% | -- |
| Total SG&A(in millions) | $150.6 | 36.7% |
| Return on invested capital | 13.2% | 120bps |
| Return on equity | 26.8% | 190bps |
| Total shareholder return | 160.6% | -- |
| EPS | $5.24 | 45.2% |
| Change YoY | ||
|---|---|---|
| Community count | 78 | +15 |
| Share of lots optioned to total controlled | 47.2% | 64.4% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 25.5% | -100bps |
| Sales per month to break even (per community) |
3.25 | -- |
| Revenue per employee (in millions) |
$1.7 | 22.2% |
| Change YoY | ||
|---|---|---|
| Closings | 5,845 | 40.4% |
| Sales velocity (per community per month) |
6.6 | 22.9% |
| Unit backlog | 816 | 83% |
| Total revenue (in millions):$1,258 |
| HB revenue (in millions): $1,258 |
| Debt per share: $21.99 |
| Equity per basic share: $22.67 |
| HB pretax margin: 13.5% |
| Backlog value (in millions): $191.8 |
| Inventory (in millions):$918.9 |
| Lot supply (in years): 6.8 |
LGI’s (Nasdaq: LGIH) home sales revenues for the year increased 50.1% to $1.3 billion compared with a year earlier, primarily because of the increase in both the number of homes closed and in the average sales price. The average home sales price was $215,220 for the 12 months ended Dec. 31, 2017, an increase of 6.9% over the prior 12 months. This increase is largely attributable to changes in product mix, higher price points in certain new markets, and a favorable pricing environment.