Leggett & Platt Incorporated
Find Ratings ReportsLEGGETT & PLATT INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. LEGGETT & PLATT INC has weak liquidity. Currently, the Quick Ratio is 0.79 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 18.73% 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 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1115.1 | 1195.8 |
EBITDA ($mil) | 106.4 | 128.1 |
EBIT ($mil) | 61.3 | 84.0 |
Net Income ($mil) | -297.3 | 52.8 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 365.5 | 316.5 |
Total Assets ($mil) | 4634.5 | 5186.1 |
Total Debt ($mil) | 2195.4 | 2286.7 |
Equity ($mil) | 1333.3 | 1640.7 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 20.4 | 19.89 |
EBITDA Margin | 9.54 | 10.71 |
Operating Margin | 5.5 | 7.02 |
Sales Turnover | 1.02 | 0.99 |
Return on Assets | -2.95 | 5.97 |
Return on Equity | -10.26 | 18.88 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.49 | 2.02 |
Debt/Capital | 0.62 | 0.58 |
Interest Expense | 21.2 | 23.2 |
Interest Coverage | 2.89 | 3.62 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 133.4 | 132.6 |
Div / share | 0.46 | 0.44 |
EPS | -2.18 | 0.39 |
Book value / share | 9.99 | 12.37 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1495700.0 | 1387945.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.86 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 12.21. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, LEGGETT & PLATT INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LEG NM | Peers 24.98 | LEG 4.98 | Peers 10.17 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. LEG's P/E is negative making this valuation measure meaningless. |
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. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LEG 13.75 | Peers 14.29 | LEG NA | Peers 0.92 | |||||||||||||||||||||
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. |
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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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LEG 1.86 | Peers 12.21 | LEG -144.05 | Peers 81.60 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. LEG is trading at a significant discount 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. |
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Price/Sales |
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Sales Growth |
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LEG 0.52 | Peers 1.14 | LEG -8.19 | Peers 18.35 | |||||||||||||||||||||
Discount. 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 discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. LEG significantly trails its peers on the basis of sales growth. |
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