LEGGETT & PLATT INC's gross profit margin for the first quarter of its fiscal year 2015 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. LEGGETT & PLATT INC has weak liquidity. Currently, the Quick Ratio is 0.83 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 18.76% 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||Q1 FY15||Q1 FY14|
|Net Sales ($mil)||966.2||875.5|
|Net Income ($mil)||71.7||53.1|
|Balance Sheet||Q1 FY15||Q1 FY14|
|Cash & Equiv. ($mil)||262.2||268.6|
|Total Assets ($mil)||3103.2||3221.5|
|Total Debt ($mil)||1000.2||992.4|
|Profitability||Q1 FY15||Q1 FY14|
|Gross Profit Margin||24.87||22.72|
|Return on Assets||3.75||6.24|
|Return on Equity||21.57||13.96|
|Debt||Q1 FY15||Q1 FY14|
|Share Data||Q1 FY15||Q1 FY14|
|Shares outstanding (mil)||137.8||138.9|
|Div / share||0.31||0.3|
|Book value / share||8.03||9.81|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||968107.0||1213701.0|
BUY. LEGGETT & PLATT INC's P/E ratio indicates a premium compared to an average of 26.30 for the Household Durables industry and a premium compared to the S&P 500 average of 20.83. For additional comparison, its price-to-book ratio of 5.91 indicates a significant premium versus the S&P 500 average of 2.88 and a significant premium versus the industry average of 3.61. 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 28.45||Peers 26.30||LEG 15.10||Peers 18.19|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
LEG is trading at a valuation on par with its peers.
Discount. 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 discount to its peers.
|LEG 20.48||Peers 19.29||LEG 0.85||Peers 1.01|
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.
Discount. 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 discount to its peers.
|LEG 5.91||Peers 3.61||LEG 28.46||Peers 21.46|
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 1.69||Peers 1.29||LEG 13.24||Peers 10.65|
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.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
LEG has a sales growth rate that exceeds its peers.
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