Leggett & Platt, Incorporated

DB:LP1 Stock Report

Market Cap: €1.5b

Leggett & Platt Valuation

Is LP1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LP1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LP1 (€11.25) is trading below our estimate of fair value (€17.93)

Significantly Below Fair Value: LP1 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for LP1?

Other financial metrics that can be useful for relative valuation.

LP1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA8.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does LP1's PS Ratio compare to its peers?

The above table shows the PS ratio for LP1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
SUR Surteco Group
0.3x3.2%€280.7m
ACWN A.S. Création Tapeten
0.2x2.8%€20.7m
EIN3 Einhell Germany
0.7x6.1%€751.9m
TNIE tonies
2.1x19.6%€807.2m
LP1 Leggett & Platt
0.4x0.9%€1.6b

Price-To-Sales vs Peers: LP1 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

How does LP1's PE Ratio compare vs other companies in the European Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.3%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.3%
n/an/an/a
No more companies

Price-To-Sales vs Industry: LP1 is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Consumer Durables industry average (0.7x).


Price to Sales Ratio vs Fair Ratio

What is LP1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LP1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: LP1 is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LP1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.25
€12.26
+9.0%
3.5%€12.87€11.95n/a3
Nov ’25€10.96
€12.33
+12.5%
3.5%€12.95€12.02n/a3
Oct ’25€12.21
€11.08
-9.2%
7.6%€11.68€9.88n/a3
Sep ’25€11.37
€11.30
-0.6%
7.6%€11.91€10.08n/a3
Aug ’25€12.11
€10.47
-13.6%
4.2%€11.08€10.16n/a3
Jul ’25€10.70
€11.21
+4.8%
11.8%€13.08€10.28n/a3
Jun ’25€10.08
€11.67
+15.8%
9.8%€12.90€10.13n/a3
May ’25€17.20
€15.67
-8.9%
22.1%€18.71€10.29n/a4
Apr ’25€17.65
€17.46
-1.1%
15.7%€21.41€14.90n/a4
Mar ’25€18.86
€18.25
-3.2%
12.0%€21.35€16.71n/a3
Feb ’25€21.47
€21.16
-1.5%
12.8%€23.92€17.48n/a3
Jan ’25€23.66
€20.62
-12.8%
15.0%€23.66€16.38n/a3
Dec ’24€21.16
€20.79
-1.8%
12.9%€22.68€17.01n/a3
Nov ’24€22.11
€20.79
-6.0%
12.9%€22.68€17.01€10.963
Oct ’24€23.88
€25.51
+6.8%
17.7%€29.16€19.13€12.213
Sep ’24€25.96
€25.51
-1.7%
17.7%€29.16€19.13€11.373
Aug ’24€25.72
€25.49
-0.9%
17.7%€29.14€19.12€12.113
Jul ’24€27.41
€27.26
-0.6%
21.3%€31.80€19.08€10.703
Jun ’24€28.46
€27.26
-4.2%
21.3%€31.80€19.08€10.083
May ’24€28.96
€27.49
-5.1%
21.3%€32.07€19.24€17.203
Apr ’24€28.37
€30.02
+5.8%
24.4%€36.97€19.91€17.653
Mar ’24€32.26
€30.02
-7.0%
24.4%€36.97€19.91€18.863
Feb ’24€33.52
€30.98
-7.6%
21.1%€38.11€22.31€21.473
Jan ’24€30.60
€31.64
+3.4%
21.1%€38.92€22.78€23.663
Dec ’23€34.23
€36.11
+5.5%
11.5%€41.51€31.38€21.163
Nov ’23€34.05
€36.11
+6.0%
11.5%€41.51€31.38€22.113

Analyst Forecast: Target price is less than 20% higher than the current share price.


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