Leggett & Platt Inc

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LEG : NYSE : Consumer Goods
$53.54 up 0.59 | 1.11%
Today's Range: 52.99 - 53.67
Avg. Daily Volume: 1002600.0
04/25/17 - 4:01 PM ET

Financial Analysis


LEGGETT & PLATT INC's gross profit margin for the fourth quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. LEGGETT & PLATT INC has average liquidity. Currently, the Quick Ratio is 1.09 which shows that technically this company has the 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 remained unchanged 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 Q4 FY16 Q4 FY15
Net Sales ($mil)903.7944.6
EBITDA ($mil)127.8138.5
EBIT ($mil)101.3112.5
Net Income ($mil)81.680.5


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)281.9253.2
Total Assets ($mil)2984.12967.6
Total Debt ($mil)977.6969.5
Equity ($mil)1091.61085.6


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin25.026.93
EBITDA Margin14.1414.66
Operating Margin11.2111.91
Sales Turnover1.261.32
Return on Assets12.9210.95
Return on Equity33.5929.83
Debt Q4 FY16 Q4 FY15
Current Ratio1.881.87
Debt/Capital0.470.47
Interest Expense9.48.6
Interest Coverage10.7813.08


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)133.5135.6
Div / share0.340.32
EPS0.60.57
Book value / share8.188.01
Institutional Own % n/a n/a
Avg Daily Volume1006975.0869022.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.36 for the Household Durables industry and a discount compared to the S&P 500 average of 24.92. For additional comparison, its price-to-book ratio of 6.39 indicates a significant premium versus the S&P 500 average of 2.99 and a significant premium versus the industry average of 2.60. The price-to-sales ratio is below the S&P 500 average, but well above the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LEG 19.93 Peers 21.36   LEG 12.62 Peers 16.62

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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LEG 18.52 Peers 29.16   LEG NA Peers 1.38

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.

 

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LEG 6.39 Peers 2.60   LEG 15.41 Peers -11.77

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LEG 1.86 Peers 1.23   LEG -4.28 Peers 23.03

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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