Leggett & Platt IncFind Ratings Reports
LEGGETT & PLATT INC's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. LEGGETT & PLATT INC has average liquidity. Currently, the Quick Ratio is 1.25 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.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.08% 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||Q3 FY16||Q3 FY15|
|Net Sales ($mil)||948.9||1009.1|
|Net Income ($mil)||93.5||95.2|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||317.3||251.2|
|Total Assets ($mil)||3070.3||3066.2|
|Total Debt ($mil)||1056.4||992.5|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||26.29||25.97|
|Return on Assets||12.52||8.64|
|Return on Equity||33.08||26.49|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||133.7||136.1|
|Div / share||0.34||0.32|
|Book value / share||8.24||8.0|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1041088.0||747922.0|
BUY. The current P/E ratio indicates a significant discount compared to an average of 34.85 for the Household Durables industry and a discount compared to the S&P 500 average of 25.16. For additional comparison, its price-to-book ratio of 5.92 indicates a significant premium versus the S&P 500 average of 2.79 and a significant premium versus the industry average of 2.80. The price-to-sales ratio is below the S&P 500 average, but well above the industry average.
|LEG 18.84||Peers 34.85||LEG 13.38||Peers 12.83|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
LEG is trading at a significant discount to 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.
|LEG 18.48||Peers 21.79||LEG 1.65||Peers 0.86|
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.
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.
|LEG 5.92||Peers 2.80||LEG 28.21||Peers -0.44|
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.
|LEG 1.72||Peers 1.21||LEG -3.45||Peers 21.31|
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