Leggett & Platt
Market Cap
US$5.8b
Last Updated
2020/10/23 00:51 UTC
Data Sources
Company Financials +
Executive Summary
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
Similar Companies
Share Price & News
How has Leggett & Platt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LEG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.9%
LEG
-5.1%
US Consumer Durables
-1.4%
US Market
1 Year Return
-2.4%
LEG
16.9%
US Consumer Durables
17.8%
US Market
Return vs Industry: LEG underperformed the US Consumer Durables industry which returned 22% over the past year.
Return vs Market: LEG underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| LEG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -5.1% | -1.4% |
| 30 Day | 6.6% | 3.0% | 4.7% |
| 90 Day | 23.0% | 15.0% | 8.2% |
| 1 Year | 1.7%-2.4% | 18.4%16.9% | 20.5%17.8% |
| 3 Year | -0.05%-10.7% | 18.4%13.6% | 42.2%32.7% |
| 5 Year | 16.1%-1.9% | 50.2%40.6% | 83.4%62.7% |
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
2 months ago | Simply Wall St
Leggett & Platt's (NYSE:LEG) Shareholders Are Down 20% On Their Shares5 months ago | Simply Wall St
How Does Leggett & Platt's (NYSE:LEG) P/E Compare To Its Industry, After Its Big Share Price Gain?5 months ago | Simply Wall St
Has Leggett & Platt, Incorporated (NYSE:LEG) Been Employing Capital Shrewdly?Valuation
Is Leggett & Platt undervalued compared to its fair value and its price relative to the market?
26.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LEG ($43.81) is trading above our estimate of fair value ($39.36)
Significantly Below Fair Value: LEG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LEG is poor value based on its PE Ratio (26.2x) compared to the US Consumer Durables industry average (14.6x).
PE vs Market: LEG is poor value based on its PE Ratio (26.2x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: LEG is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: LEG is overvalued based on its PB Ratio (4.8x) compared to the US Consumer Durables industry average (1.7x).
Next Steps
Future Growth
How is Leggett & Platt forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
14.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEG's forecast earnings growth (14.9% per year) is above the savings rate (2.2%).
Earnings vs Market: LEG's earnings (14.9% per year) are forecast to grow slower than the US market (22.2% per year).
High Growth Earnings: LEG's earnings are forecast to grow, but not significantly.
Revenue vs Market: LEG's revenue (4.9% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: LEG's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LEG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Leggett & Platt performed over the past 5 years?
-2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEG has high quality earnings.
Growing Profit Margin: LEG's current net profit margins (5.3%) are lower than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: LEG's earnings have declined by 2.7% per year over the past 5 years.
Accelerating Growth: LEG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LEG had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (20%).
Return on Equity
High ROE: LEG's Return on Equity (18.6%) is considered low.
Next Steps
Financial Health
How is Leggett & Platt's financial position?
Financial Position Analysis
Short Term Liabilities: LEG's short term assets ($1.4B) exceed its short term liabilities ($775.5M).
Long Term Liabilities: LEG's short term assets ($1.4B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: LEG's debt to equity ratio (175.7%) is considered high.
Reducing Debt: LEG's debt to equity ratio has increased from 93% to 175.7% over the past 5 years.
Debt Coverage: LEG's debt is well covered by operating cash flow (27.5%).
Interest Coverage: LEG's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Leggett & Platt current dividend yield, its reliability and sustainability?
3.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LEG's dividend (3.65%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: LEG's dividend (3.65%) is low compared to the top 25% of dividend payers in the US market (4.68%).
Stability and Growth of Payments
Stable Dividend: LEG's dividends per share have been stable in the past 10 years.
Growing Dividend: LEG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.8%), LEG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LEG's dividends in 3 years are forecast to be well covered by earnings (38.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Karl Glassman (62 yo)
4.75yrs
Tenure
US$10,193,912
Compensation
Mr. Karl G. Glassman has been the Chief Executive Officer of Leggett & Platt, Incorporated since January 1, 2016 and its Chairman since January 1, 2020. Mr. Glassman served as President of Leggett & Platt, ...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD10.19M) is above average for companies of similar size in the US market ($USD7.32M).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 4.75yrs | US$10.19m | 0.47% $ 27.8m | |
| President | 0.75yr | US$3.85m | 0.13% $ 7.4m | |
| Executive VP & CFO | 1.08yrs | US$2.29m | no data | |
| Senior VP | 10.75yrs | US$1.79m | 0.037% $ 2.2m | |
| Senior VP & Chief Accounting Officer | 5.42yrs | no data | 0.022% $ 1.3m | |
| Senior Vice President of Investor Relations | 1.67yrs | no data | 0.018% $ 1.1m | |
| VP & Chief Tax Officer | 0.83yr | no data | no data | |
| EVP and President of Specialized Products Segment | no data | no data | 0.024% $ 1.4m | |
| VP & Chief Credit Officer | 0.83yr | no data | no data | |
| VP of Business Support Services & Treasurer | 0.83yr | no data | no data | |
| Corporate VP & Treasurer | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
1.1yrs
Average Tenure
55yo
Average Age
Experienced Management: LEG's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 4.75yrs | US$10.19m | 0.47% $ 27.8m | |
| President | 0.75yr | US$3.85m | 0.13% $ 7.4m | |
| Lead Independent Director | 0.75yr | US$321.24k | 0.049% $ 2.9m | |
| Independent Director | 6.75yrs | US$307.00k | 0.031% $ 1.8m | |
| Independent Director | 15.75yrs | US$269.52k | 0.024% $ 1.4m | |
| Independent Director | 14.92yrs | US$352.12k | 0.045% $ 2.6m | |
| Independent Director | 1.42yrs | US$203.06k | 0.0054% $ 313.5k | |
| Independent Director | 0.92yr | US$100.00k | 0.0046% $ 271.4k | |
| Independent Director | 11.42yrs | US$329.76k | 0.017% $ 1.0m | |
| Independent Director | 1.42yrs | US$202.06k | 0.0076% $ 445.1k | |
| Independent Director | 2.17yrs | US$249.82k | 0.0071% $ 415.9k |
1.4yrs
Average Tenure
62yo
Average Age
Experienced Board: LEG's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$5.849b
- Shares outstanding: 132.39m
- 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 |
| L1EG34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through three segments: Bedding Products; Furniture, Flooring & Textile Products; and Sp ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 00:51 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.