LEGGETT & PLATT INC's gross profit margin for the second quarter of its fiscal year 2015 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. 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 company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 12.26% 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||Q2 FY15||Q2 FY14|
|Net Sales ($mil)||997.3||956.1|
|Net Income ($mil)||77.7||-23.9|
|Balance Sheet||Q2 FY15||Q2 FY14|
|Cash & Equiv. ($mil)||275.1||304.2|
|Total Assets ($mil)||3143.7||3243.4|
|Total Debt ($mil)||1033.4||1107.3|
|Profitability||Q2 FY15||Q2 FY14|
|Gross Profit Margin||25.06||23.36|
|Return on Assets||6.94||3.27|
|Return on Equity||22.36||15.94|
|Debt||Q2 FY15||Q2 FY14|
|Share Data||Q2 FY15||Q2 FY14|
|Shares outstanding (mil)||136.8||137.2|
|Div / share||0.31||0.3|
|Book value / share||8.04||9.13|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1042543.0||975069.0|
BUY. The current P/E ratio indicates a discount compared to an average of 26.11 for the Household Durables industry and a premium compared to the S&P 500 average of 20.03. For additional comparison, its price-to-book ratio of 5.44 indicates a significant premium versus the S&P 500 average of 2.67 and a significant premium versus the industry average of 3.29. The current price-to-sales ratio is below the S&P 500 average, but above the industry average.
|LEG 25.44||Peers 26.11||LEG 14.15||Peers 31.73|
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 significant discount to its peers.
|LEG 18.62||Peers 17.20||LEG 0.73||Peers 0.86|
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 5.44||Peers 3.29||LEG 24.63||Peers 48.45|
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.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, LEG is expected to significantly trail its peers on the basis of its earnings growth rate.
|LEG 1.53||Peers 1.21||LEG 9.69||Peers 23.33|
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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