Leggett & Platt Inc

Find Ratings Reports
LEG : NYSE : Consumer Goods
$45.88 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 916000.0
09/18/17 - 4:02 PM ET

Financial Analysis

LEGGETT & PLATT INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. LEGGETT & PLATT INC has average liquidity. Currently, the Quick Ratio is 1.23 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 6.56% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)989.3958.9
EBITDA ($mil)150.0156.2
EBIT ($mil)120.4129.5
Net Income ($mil)87.6121.2

Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)335.1284.8
Total Assets ($mil)3281.53031.8
Total Debt ($mil)1186.91047.9
Equity ($mil)1133.11063.3

Profitability Q2 FY17 Q2 FY16
Gross Profit Margin25.7826.69
EBITDA Margin15.1616.28
Operating Margin12.1713.51
Sales Turnover1.161.27
Return on Assets10.6212.74
Return on Equity30.8934.43
Debt Q2 FY17 Q2 FY16
Current Ratio2.081.97
Interest Expense10.410.3
Interest Coverage11.5812.57

Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)132.3133.4
Div / share0.360.34
Book value / share8.567.97
Institutional Own % n/a n/a
Avg Daily Volume911226.0972274.0


BUY. This stock's P/E ratio indicates a discount compared to an average of 22.97 for the Household Durables industry and a discount compared to the S&P 500 average of 24.88. Conducting a second comparison, its price-to-book ratio of 5.31 indicates a significant premium versus the S&P 500 average of 3.10 and a premium versus the industry average of 4.76. The current price-to-sales ratio is well below the S&P 500 average, but above the industry average.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LEG 17.99 Peers 22.97   LEG 13.57 Peers 15.34

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

LEG is trading at a discount to 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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LEG 16.55 Peers 24.77   LEG NM Peers 0.92

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

LEG is trading at a discount to its peers.


Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LEG 5.31 Peers 4.76   LEG -2.32 Peers 15.99

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 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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LEG 1.58 Peers 1.21   LEG -1.27 Peers 14.65

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.


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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