LEGGETT & PLATT INC's gross profit margin for the fourth quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. LEGGETT & PLATT INC has weak liquidity. Currently, the Quick Ratio is 0.86 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 16.99% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q4 FY14||Q4 FY13|
|Net Sales ($mil)||953.3||896.8|
|Net Income ($mil)||20.6||5.6|
|Balance Sheet||Q4 FY14||Q4 FY13|
|Cash & Equiv. ($mil)||332.8||272.7|
|Total Assets ($mil)||3140.6||3108.1|
|Total Debt ($mil)||968.4||878.6|
|Profitability||Q4 FY14||Q4 FY13|
|Gross Profit Margin||20.83||21.11|
|Return on Assets||3.12||6.34|
|Return on Equity||19.22||12.94|
|Debt||Q4 FY14||Q4 FY13|
|Share Data||Q4 FY14||Q4 FY13|
|Shares outstanding (mil)||137.8||139.4|
|Div / share||0.31||0.3|
|Book value / share||8.38||9.98|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1200494.0||1055582.0|
BUY. LEGGETT & PLATT INC's P/E ratio indicates a premium compared to an average of 24.65 for the Household Durables industry and a premium compared to the S&P 500 average of 19.92. For additional comparison, its price-to-book ratio of 5.38 indicates a significant premium versus the S&P 500 average of 2.81 and a significant premium versus the industry average of 3.40. The current price-to-sales ratio is below the S&P 500 average, but above the industry average. Upon assessment of these and other key valuation criteria, LEGGETT & PLATT INC proves to trade at a premium to investment alternatives within the industry.
|LEG 29.08||Peers 24.65||LEG 16.27||Peers 15.58|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
LEG is trading at a premium to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
LEG is trading at a valuation on par to its peers.
|LEG 19.31||Peers 17.66||LEG 0.90||Peers 0.96|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
LEG is trading at a premium to its peers.
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
LEG trades at a valuation on par to its peers.
|LEG 5.38||Peers 3.40||LEG 27.04||Peers -42.35|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
LEG is trading at a significant premium to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
LEG is expected to have an earnings growth rate that significantly exceeds its peers.
|LEG 1.64||Peers 1.30||LEG 7.61||Peers 15.28|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
LEG is trading at a significant premium to its industry.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
LEG significantly trails its peers on the basis of sales growth
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