Leggett & Platt IncFind Ratings Reports
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 ($mil)||960.3||938.4|
|Net Income ($mil)||86.1||89.5|
|Balance Sheet||Q1 FY17||Q1 FY16|
|Cash & Equiv. ($mil)||268.6||250.2|
|Total Assets ($mil)||3119.5||3024.4|
|Total Debt ($mil)||1123.3||1035.5|
|Profitability||Q1 FY17||Q1 FY16|
|Gross Profit Margin||25.91||27.14|
|Return on Assets||12.25||11.33|
|Return on Equity||34.15||31.6|
|Debt||Q1 FY17||Q1 FY16|
|Share Data||Q1 FY17||Q1 FY16|
|Shares outstanding (mil)||132.3||134.2|
|Div / share||0.34||0.32|
|Book value / share||8.04||8.04|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||917292.0||1004258.0|
BUY. The current P/E ratio indicates a significant discount compared to an average of 31.53 for the Household Durables industry and a discount compared to the S&P 500 average of 24.41. For additional comparison, its price-to-book ratio of 6.61 indicates a significant premium versus the S&P 500 average of 3.04 and a significant premium versus the industry average of 2.72. The price-to-sales ratio is below the S&P 500 average, but well above the industry average.
|LEG 20.37||Peers 31.53||LEG 14.19||Peers 15.18|
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 18.52||Peers 16.76||LEG 26.80||Peers 1.80|
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.
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 6.61||Peers 2.72||LEG 8.75||Peers 20.31|
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.
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.
|LEG 1.86||Peers 1.27||LEG -3.03||Peers 24.49|
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