Leggett & Platt
Market Cap
US$5.1b
Last Updated
2019/08/18 23:42 UTC
Data Sources
Company Financials +
Executive Summary
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide.
Snowflake
Fundamentals
6 star dividend payer with mediocre balance sheet.
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Share Price & News
How has Leggett & Platt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
NYSE:LEG
-0.6%
US Consumer Durables
-0.7%
US Market
1 Year Return
-13.7%
NYSE:LEG
6.3%
US Consumer Durables
-0.5%
US Market
LEG underperformed the Consumer Durables industry which returned 6.4% over the past year.
LEG underperformed the Market in United States of America which returned -0.4% over the past year.
Share holder returns
| LEG | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.6% | -0.7% |
| 30 Day | -2.8% | 0.1% | -3.0% |
| 90 Day | 3.2% | 2.5% | 0.9% |
| 1 Year | -10.3%-13.7% | 7.7%6.3% | 1.7%-0.5% |
| 3 Year | -19.1%-26.6% | 33.9%29.8% | 39.5%30.4% |
| 5 Year | 28.4%9.9% | 27.2%19.0% | 54.1%37.0% |
Price Volatility Vs. Market
How volatile is Leggett & Platt's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is There Now An Opportunity In Leggett & Platt, Incorporated (NYSE:LEG)?2 weeks ago | Simply Wall St
Leggett & Platt, Incorporated (NYSE:LEG): Immense Growth Potential?2 months ago | Simply Wall St
Can We See Significant Institutional Ownership On The Leggett & Platt, Incorporated (NYSE:LEG) Share Register?Valuation
Is Leggett & Platt undervalued based on future cash flows and its price relative to the stock market?
23%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Leggett & Platt's share price is below the future cash flow value, and at a moderate discount (> 20%).
Leggett & Platt's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Leggett & Platt is overvalued based on earnings compared to the US Consumer Durables industry average.
Leggett & Platt is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
Leggett & Platt is poor value based on expected growth next year.
Price Based on Value of Assets
Leggett & Platt is overvalued based on assets compared to the US Consumer Durables industry average.
Next Steps
Future Growth
How is Leggett & Platt expected to perform in the next 1 to 3 years based on estimates from 5 analysts?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Leggett & Platt's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Leggett & Platt's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Leggett & Platt's revenue growth is positive but not above the United States of America market average.
Leggett & Platt's earnings growth is positive but not above the United States of America market average.
Leggett & Platt's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Leggett & Platt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Leggett & Platt performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Leggett & Platt's year on year earnings growth rate has been positive over the past 5 years.
Leggett & Platt's 1-year earnings growth is less than its 5-year average (2.7% vs 5.1%)
Leggett & Platt's earnings growth has not exceeded the US Consumer Durables industry average in the past year (2.7% vs 17.1%).
Return on Equity
Whilst Leggett & Platt has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
Return on Assets
Leggett & Platt used its assets more efficiently than the US Consumer Durables industry average last year based on Return on Assets.
Return on Capital Employed
Leggett & Platt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Financial Health
How is Leggett & Platt's financial position?
Financial Position Analysis
Leggett & Platt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Leggett & Platt's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Leggett & Platt's level of debt (194.5%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (87.6% vs 194.5% today).
Debt is well covered by operating cash flow (21.6%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.7x debt.
Next Steps
Dividend
What is Leggett & Platt's current dividend yield, its reliability and sustainability?
3.71%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Leggett & Platt before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Leggett & Platt's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Leggett & Platt's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Dividends per share have been stable in the past 10 years.
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.4x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
Next Steps
Management
What is the CEO of Leggett & Platt's salary, the management and board of directors tenure and is there insider trading?
5.5yrs
Average management tenure
CEO
Karl Glassman (61yo)
3.6yrs
Tenure
US$10,567,930
Compensation
Mr. Karl G. Glassman has been the Chief Executive Officer of Leggett & Platt, Incorporated since January 1, 2016. Mr. Glassman has been President of Leggett & Platt, Incorporated since March 2013 and serve ...
CEO Compensation Analysis
Karl's remuneration is higher than average for companies of similar size in United States of America.
Karl's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
Management Age and Tenure
5.5yrs
Average Tenure
59.5yo
Average Age
The average tenure for the Leggett & Platt management team is over 5 years, this suggests they are a seasoned and experienced team.
Insider Trading
Leggett & Platt individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Investor Relations |
| Shares | 338 |
| Max Price | US$39.54 |
| Entity | Individual |
| Shares | 11,008 |
| Max Price | US$45.73 |
| Entity | Individual |
| Shares | 10,143 |
| Max Price | US$43.83 |
| Entity | Individual |
| Shares | 15,672 |
| Max Price | US$46.00 |
Ownership Breakdown
Management Team
Karl Glassman (61yo)
CEO, President & Director
- Tenure: 3.6yrs
- Compensation: US$10.57m
Perry Davis (60yo)
Executive VP and President of Residential Products & Industrial Products
- Tenure: 7.5yrs
- Compensation: US$3.04m
Susan McCoy (54yo)
Senior VP of Investor Relations
- Tenure: 0.5yrs
Scott Douglas (59yo)
Senior VP
- Tenure: 9.6yrs
- Compensation: US$1.56m
Board Members
Karl Glassman (61yo)
CEO, President & Director
- Tenure: 3.6yrs
- Compensation: US$10.57m
Company Information
Leggett & Platt, Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Leggett & Platt, Incorporated
- Ticker: LEG
- Exchange: NYSE
- Founded: 1883
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: US$5.063b
- Shares outstanding: 131.47m
- Website: https://www.leggett.com
Number of Employees
Location
- Leggett & Platt, Incorporated
- No. 1 Leggett Road
- Carthage
- Missouri
- 64836
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LEG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1970 |
| LP1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1970 |
| 0JTT | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1970 |
Biography
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, an ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/18 23:42 |
| End of Day Share Price | 2019/08/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.