Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. More Details
Established dividend payer with mediocre balance sheet.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: LEG's weekly volatility (5%) has been stable over the past year.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: LEG underperformed the US Consumer Durables industry which returned 120.8% over the past year.
Return vs Market: LEG exceeded the US Market which returned 56.3% over the past year.
Long-Term 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 StIs Leggett & Platt, Incorporated (NYSE:LEG) A Smart Pick For Income Investors?
3 weeks ago | Simply Wall StAre Institutions Heavily Invested In Leggett & Platt, Incorporated's (NYSE:LEG) Shares?
1 month ago | Simply Wall StLeggett & Platt, Incorporated (NYSE:LEG) Stock Goes Ex-Dividend In Just Four Days
Is Leggett & Platt undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LEG ($47.39) is trading below our estimate of fair value ($50.01)
Significantly Below Fair Value: LEG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LEG is poor value based on its PE Ratio (26x) compared to the US Consumer Durables industry average (16.6x).
PE vs Market: LEG is poor value based on its PE Ratio (26x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: LEG is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: LEG is overvalued based on its PB Ratio (4.5x) compared to the US Consumer Durables industry average (2.2x).
How is Leggett & Platt forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEG's forecast earnings growth (10.6% per year) is above the savings rate (2%).
Earnings vs Market: LEG's earnings (10.6% per year) are forecast to grow slower than the US market (18.6% per year).
High Growth Earnings: LEG's earnings are forecast to grow, but not significantly.
Revenue vs Market: LEG's revenue (4.7% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: LEG's revenue (4.7% 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
How has Leggett & Platt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEG has high quality earnings.
Growing Profit Margin: LEG's current net profit margins (5.8%) are lower than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: LEG's earnings have declined by 6.8% 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 (-25.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (37.2%).
Return on Equity
High ROE: LEG's Return on Equity (17.8%) is considered low.
How is Leggett & Platt's financial position?
Financial Position Analysis
Short Term Liabilities: LEG's short term assets ($1.6B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: LEG's short term assets ($1.6B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: LEG's debt to equity ratio (136.4%) is considered high.
Reducing Debt: LEG's debt to equity ratio has increased from 86.3% to 136.4% over the past 5 years.
Debt Coverage: LEG's debt is well covered by operating cash flow (31.8%).
Interest Coverage: LEG's interest payments on its debt are well covered by EBIT (5.1x coverage).
What is Leggett & Platt current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LEG's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: LEG's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (3.5%).
Stability and Growth of Payments
Stable Dividend: LEG's dividends per share have been stable in the past 10 years.
Growing Dividend: LEG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.7%), LEG's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LEG's dividends in 3 years are forecast to be covered by earnings (57.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Karl Glassman (62 yo)
Mr. Karl G. Glassman has been the Chief Executive Officer of Leggett & Platt, Incorporated since January 1, 2016, and its Chairman since January 1, 2020. Mr. Glassman served as President of Leggett & Platt...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD10.19M) is above average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
Experienced Management: LEG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: LEG's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LEG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Leggett & Platt, Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Leggett & Platt, Incorporated
- Ticker: LEG
- Exchange: NYSE
- Founded: 1883
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: US$6.302b
- Shares outstanding: 132.99m
- Website: https://www.leggett.com
Number of Employees
- Leggett & Platt, Incorporated
- No. 1 Leggett Road
- United States
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flo...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 22:04|
|End of Day Share Price||2021/04/09 00:00|
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.