Leggett & Platt Inc

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LEG : NYSE : Consumer Goods
$52.08 | %
Today's Range: 51.91 - 52.21
Avg. Daily Volume: 1002100.0
05/26/17 - 4:02 PM ET

Financial Analysis

LEGGETT & PLATT INC's gross profit margin for the first 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 1.15 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 remained virtually unchanged only decreasing by 1.39% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)960.3938.4
EBITDA ($mil)142.4149.6
EBIT ($mil)114.5123.4
Net Income ($mil)86.189.5

Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)268.6250.2
Total Assets ($mil)3119.53024.4
Total Debt ($mil)1123.31035.5
Equity ($mil)1064.01079.1

Profitability Q1 FY17 Q1 FY16
Gross Profit Margin25.9127.14
EBITDA Margin14.8215.94
Operating Margin11.9213.15
Sales Turnover1.211.29
Return on Assets12.2511.33
Return on Equity34.1531.6
Debt Q1 FY17 Q1 FY16
Current Ratio1.971.97
Interest Expense10.69.2
Interest Coverage10.813.41

Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)132.3134.2
Div / share0.340.32
Book value / share8.048.04
Institutional Own % n/a n/a
Avg Daily Volume1014932.0881011.0


BUY. This stock's P/E ratio indicates a premium compared to an average of 17.80 for the Household Durables industry and a discount compared to the S&P 500 average of 25.19. For additional comparison, its price-to-book ratio of 6.30 indicates a significant premium versus the S&P 500 average of 3.02 and a significant premium versus the industry average of 2.63. The price-to-sales ratio is below the S&P 500 average, but well 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LEG 19.40 Peers 17.80   LEG 13.52 Peers 14.33

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.


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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LEG 17.58 Peers 31.76   LEG 17.02 Peers 3.94

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 significant discount to its peers.


Premium. 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 significant premium to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LEG 6.30 Peers 2.63   LEG 8.75 Peers 6.11

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LEG 1.78 Peers 1.24   LEG -3.03 Peers 26.74

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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