Loading...

Leggett & Platt

NYSE:LEG
Snowflake Description

6 star dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LEG
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
LEG Share Price and Events
7 Day Returns
3.6%
NYSE:LEG
0.6%
US Consumer Durables
1.1%
US Market
1 Year Returns
-13.8%
NYSE:LEG
-0.5%
US Consumer Durables
4.7%
US Market
LEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Leggett & Platt (LEG) 3.6% 5.1% -9.3% -13.8% -26.2% 19.2%
US Consumer Durables 0.6% -0% 2.5% -0.5% 34.1% 23.5%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • LEG underperformed the Consumer Durables industry which returned -0.5% over the past year.
  • LEG underperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
LEG
Industry
5yr Volatility vs Market

LEG Value

 Is Leggett & Platt undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Leggett & Platt to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Leggett & Platt.

NYSE:LEG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:LEG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 21%) (51.69%))
1.139
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.139 * 5.96%)
9.52%

Discounted Cash Flow Calculation for NYSE:LEG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Leggett & Platt is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:LEG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.52%)
2020 407.60 Analyst x1 372.17
2021 453.30 Analyst x1 377.92
2022 477.10 Analyst x1 363.18
2023 523.30 Analyst x1 363.72
2024 556.80 Est @ 6.4% 353.37
2025 586.32 Est @ 5.3% 339.75
2026 612.87 Est @ 4.53% 324.27
2027 637.32 Est @ 3.99% 307.89
2028 660.34 Est @ 3.61% 291.28
2029 682.45 Est @ 3.35% 274.86
Present value of next 10 years cash flows $3,368.42
NYSE:LEG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $682.45 × (1 + 2.73%) ÷ (9.52% – 2.73%)
$10,324.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,324.51 ÷ (1 + 9.52%)10
$4,158.33
NYSE:LEG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,368.42 + $4,158.33
$7,526.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,526.74 / 131.27
$57.34
NYSE:LEG Discount to Share Price
Calculation Result
Value per share (USD) From above. $57.34
Current discount Discount to share price of $39.29
= -1 x ($39.29 - $57.34) / $57.34
31.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Leggett & Platt is available for.
Intrinsic value
31%
Share price is $39.29 vs Future cash flow value of $57.34
Current Discount Checks
For Leggett & Platt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Leggett & Platt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Leggett & Platt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:LEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.16
NYSE:LEG Share Price ** NYSE (2019-07-16) in USD $39.29
United States of America Consumer Durables Industry PE Ratio Median Figure of 51 Publicly-Listed Consumer Durables Companies 13.68x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Leggett & Platt.

NYSE:LEG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LEG Share Price ÷ EPS (both in USD)

= 39.29 ÷ 2.16

18.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Leggett & Platt's expected growth come at a high price?
Raw Data
NYSE:LEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
9.2%per year
United States of America Consumer Durables Industry PEG Ratio Median Figure of 37 Publicly-Listed Consumer Durables Companies 1.52x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:LEG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.22x ÷ 9.2%

1.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leggett & Platt is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Leggett & Platt's assets?
Raw Data
NYSE:LEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.11
NYSE:LEG Share Price * NYSE (2019-07-16) in USD $39.29
United States of America Consumer Durables Industry PB Ratio Median Figure of 71 Publicly-Listed Consumer Durables Companies 1.43x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:LEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LEG Share Price ÷ Book Value per Share (both in USD)

= 39.29 ÷ 9.11

4.31x

* Primary Listing of Leggett & Platt.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Leggett & Platt is overvalued based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Leggett & Platt's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Leggett & Platt has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LEG Future Performance

 How is Leggett & Platt expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Leggett & Platt expected to grow at an attractive rate?
  • Leggett & Platt's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Leggett & Platt's earnings growth is positive but not above the United States of America market average.
  • Leggett & Platt's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:LEG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:LEG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 9.2%
NYSE:LEG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.3%
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.2%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:LEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:LEG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,805 685 457 2
2022-12-31 5,452 654 433 2
2021-12-31 5,383 645 402 2
2020-12-31 5,150 549 366 6
2019-12-31 4,947 488 327 6
NYSE:LEG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,396 428 289
2018-12-31 4,270 440 306
2018-09-30 4,207 433 289
2018-06-30 4,126 412 283
2018-03-31 4,012 430 285
2017-12-31 3,944 444 294
2017-09-30 3,863 428 340
2017-06-30 3,802 447 350
2017-03-31 3,772 499 363
2016-12-31 3,750 553 367
2016-09-30 3,791 488 364
2016-06-30 3,851 494 366

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Leggett & Platt's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • Leggett & Platt's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:LEG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Leggett & Platt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LEG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.36 3.36 3.36 1.00
2022-12-31 3.17 3.17 3.17 1.00
2021-12-31 2.95 2.95 2.95 1.00
2020-12-31 2.69 2.81 2.55 3.00
2019-12-31 2.41 2.42 2.39 3.00
NYSE:LEG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.16
2018-12-31 2.28
2018-09-30 2.15
2018-06-30 2.09
2018-03-31 2.10
2017-12-31 2.16
2017-09-30 2.49
2017-06-30 2.56
2017-03-31 2.65
2016-12-31 2.66
2016-09-30 2.63
2016-06-30 2.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Leggett & Platt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Leggett & Platt's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Leggett & Platt has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LEG Past Performance

  How has Leggett & Platt performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Leggett & Platt's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (1.4% vs 7.2%)
  • Leggett & Platt's earnings growth has not exceeded the US Consumer Durables industry average in the past year (1.4% vs 20.6%).
Earnings and Revenue History
Leggett & Platt's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Leggett & Platt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LEG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,395.80 289.20 438.00
2018-12-31 4,269.50 305.90 423.80
2018-09-30 4,207.30 289.20 422.70
2018-06-30 4,125.50 282.70 419.40
2018-03-31 4,012.30 285.30 415.70
2017-12-31 3,943.80 293.50 417.90
2017-09-30 3,863.00 340.10 406.00
2017-06-30 3,802.20 350.10 402.80
2017-03-31 3,771.80 363.40 398.40
2016-12-31 3,749.90 366.70 398.60
2016-09-30 3,790.80 364.30 414.60
2016-06-30 3,851.00 366.10 417.60
2016-03-31 3,889.40 341.10 424.50
2015-12-31 3,917.20 323.90 416.90
2015-09-30 3,925.90 288.60 433.00
2015-06-30 3,914.20 245.90 467.50
2015-03-31 3,873.00 238.80 455.00
2014-12-31 3,782.30 222.00 449.60
2014-09-30 3,688.20 186.60 408.70
2014-06-30 3,568.40 199.80 362.70
2014-03-31 3,420.00 190.30 352.80
2013-12-31 3,477.20 183.90 367.90
2013-09-30 3,468.10 247.70 371.60
2013-06-30 3,568.60 247.70 380.30
2013-03-31 3,695.50 245.20 387.90
2012-12-31 3,414.50 229.50 348.10
2012-09-30 3,710.10 176.10 377.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 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.
  • Leggett & Platt used its assets less efficiently than the US Consumer Durables industry average last year based on Return on Assets.
  • Leggett & Platt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Leggett & Platt's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Leggett & Platt has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LEG Health

 How is Leggett & Platt's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Leggett & Platt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Leggett & Platt's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Leggett & Platt Company Filings, last reported 3 months ago.

NYSE:LEG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,195.20 2,461.00 263.30
2018-12-31 1,157.60 1,164.30 268.10
2018-09-30 1,166.00 1,356.80 363.50
2018-06-30 1,128.60 1,451.70 446.40
2018-03-31 1,196.30 1,393.00 494.60
2017-12-31 1,190.80 1,251.70 526.10
2017-09-30 1,172.80 1,197.70 342.90
2017-06-30 1,133.60 1,186.90 335.10
2017-03-31 1,065.40 1,123.30 268.60
2016-12-31 1,094.00 959.80 281.90
2016-09-30 1,103.60 1,056.40 317.30
2016-06-30 1,065.60 1,047.90 284.80
2016-03-31 1,091.20 1,035.50 250.20
2015-12-31 1,097.70 944.90 253.20
2015-09-30 1,100.40 992.50 251.20
2015-06-30 1,110.00 1,033.40 275.10
2015-03-31 1,116.40 1,000.20 262.20
2014-12-31 1,154.90 968.40 332.80
2014-09-30 1,228.60 1,000.80 242.90
2014-06-30 1,262.40 1,107.30 304.20
2014-03-31 1,370.90 992.40 268.60
2013-12-31 1,399.20 869.50 272.70
2013-09-30 1,463.70 958.60 298.90
2013-06-30 1,433.70 975.70 280.30
2013-03-31 1,439.90 1,155.20 449.40
2012-12-31 1,442.20 1,055.40 359.10
2012-09-30 1,400.80 1,062.00 264.90
  • Leggett & Platt's level of debt (206.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.5% vs 206.3% today).
  • Debt is not well covered by operating cash flow (17.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess Leggett & Platt's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Leggett & Platt has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LEG Dividends

 What is Leggett & Platt's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.07%
Current annual income from Leggett & Platt dividends. Estimated to be 3.63% next year.
If you bought $2,000 of Leggett & Platt shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Leggett & Platt's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Leggett & Platt's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:LEG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:LEG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.49 1.00
2022-12-31 1.78 1.00
2021-12-31 1.68 1.00
2020-12-31 1.62 1.00
2019-12-31 1.56 1.00
NYSE:LEG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 1.600 4.235
2019-02-27 1.520 3.560
2018-11-06 1.520 3.890
2018-09-11 1.520 3.713
2018-05-15 1.520 3.447
2018-05-08 1.440 3.452
2018-04-26 1.440 3.498
2017-11-07 1.440 3.148
2017-08-03 1.440 3.067
2017-05-09 1.440 2.769
2017-02-21 1.360 2.678
2016-11-08 1.360 2.797
2016-08-04 1.360 2.804
2016-05-17 1.360 2.670
2016-02-24 1.280 2.679
2015-11-03 1.280 2.993
2015-08-12 1.280 2.899
2015-05-05 1.240 2.561
2015-02-25 1.240 2.747
2014-11-04 1.240 2.905
2014-08-05 1.240 3.521
2014-05-07 1.200 3.576
2014-02-26 1.200 3.711
2013-11-05 1.200 3.986
2013-08-08 1.200 4.014
2013-05-09 1.160 3.632
2013-02-28 1.160 3.559
2012-11-08 1.160 4.137
2012-08-08 1.160 4.691
2012-05-10 1.120 5.329
2012-02-23 1.120 4.974
2011-11-10 1.120 5.005
2011-08-02 1.120 5.346
2011-07-28 1.080 5.079
2011-02-24 1.080 4.502
2010-11-11 1.080 4.849
2010-08-04 1.080 5.085
2010-05-13 1.040 4.789
2010-02-25 1.040 4.724
2009-11-05 1.040 5.241
2009-08-06 1.040 5.509
2009-05-07 1.000 6.518
2009-02-19 1.000 7.724
2008-11-06 1.000 7.139
2008-08-07 1.000 5.028

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Leggett & Platt's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess Leggett & Platt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Leggett & Platt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Leggett & Platt has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LEG Management

 What is the CEO of Leggett & Platt's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Karl Glassman
COMPENSATION $10,567,930
AGE 61
TENURE AS CEO 3.5 years
CEO Bio

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 served as its Chief Operating Officer from May 10, 2006 to December 31, 2015. Mr. Glassman served as an Executive Vice President of Leggett & Platt, Incorporated from 2002 to March 2013. He served as Senior Vice President of Leggett & Platt, Incorporated from 1999 to 2002 and served as its President of the Residential Furnishings Segment from 1999 to 2006. He served as the President of Bedding Components from 1996 to 1998. He joined Leggett & Platt, Incorporated in 1982. Prior to Leggett, he served at Federal Express and DeLamar Bed Spring. He has been a Director of Leggett & Platt, Incorporated since 2002 and National Association of Manufacturers since March 2010. Mr. Glassman has been an Independent Director of Remy International, Inc. since February 3, 2015. He holds a Degree in Business Management and Finance from California State University-Long Beach.

CEO Compensation
  • Karl's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Karl's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Leggett & Platt management team in years:

4.2
Average Tenure
57
Average Age
  • The tenure for the Leggett & Platt management team is about average.
Management Team

Karl Glassman

TITLE
CEO, President & Director
COMPENSATION
$11M
AGE
61
TENURE
3.5 yrs

Matt Flanigan

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
57
TENURE
16.3 yrs

Mitch Dolloff

TITLE
Executive VP
COMPENSATION
$3M
AGE
53
TENURE
0.5 yrs

Scott Douglas

TITLE
Senior VP
COMPENSATION
$2M
AGE
59
TENURE
9.5 yrs

Perry Davis

TITLE
Executive VP and President of Residential Products & Industrial Products
COMPENSATION
$3M
AGE
60
TENURE
7.4 yrs

Tammy Trent

TITLE
Senior VP & Chief Accounting Officer
AGE
53
TENURE
4.2 yrs

Michael Blinzler

TITLE
Chief Information Officer & VP

Lance Beshore

TITLE
Corporate Vice President of Public Affairs & Government Relations
TENURE
28.5 yrs

Russell Iorio

TITLE
Senior Vice President of Corporate Development
AGE
50
TENURE
3.5 yrs

Jason Gorham

TITLE
Vice President of Human Resources
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Leggett & Platt board of directors in years:

7.7
Average Tenure
63.5
Average Age
  • The tenure for the Leggett & Platt board of directors is about average.
Board of Directors

Robert Enloe

TITLE
Independent Chairman
COMPENSATION
$411K
AGE
80
TENURE
3.5 yrs

Karl Glassman

TITLE
CEO, President & Director
COMPENSATION
$11M
AGE
61
TENURE
17.5 yrs

Judy Odom

TITLE
Independent Director
COMPENSATION
$301K
AGE
66
TENURE
17.5 yrs

Joe McClanathan

TITLE
Independent Director
COMPENSATION
$252K
AGE
66
TENURE
14.5 yrs

Bob Brunner

TITLE
Independent Director
COMPENSATION
$287K
AGE
61
TENURE
10.2 yrs

Phoebe Wood

TITLE
Independent Director
COMPENSATION
$330K
AGE
66
TENURE
13.7 yrs

Manny Fernandez

TITLE
Independent Director
COMPENSATION
$282K
AGE
73
TENURE
5.2 yrs

Srikanth Padmanabhan

TITLE
Independent Director
COMPENSATION
$125K
AGE
54
TENURE
0.9 yrs

Jai Shah

TITLE
Independent Director
AGE
53
TENURE
0.2 yrs

Mark Blinn

TITLE
Independent Director
AGE
57
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Feb 19 Sell Russell Iorio Individual 27. Feb 19 27. Feb 19 -11,008 $45.73 $-503,396
15. Feb 19 Sell Joseph McClanathan Individual 14. Feb 19 14. Feb 19 -10,143 $43.83 $-444,544
24. Aug 18 Sell Matthew Flanigan Individual 23. Aug 18 23. Aug 18 -15,672 $46.00 $-720,912
31. Jul 18 Sell Matthew Flanigan Individual 30. Jul 18 30. Jul 18 -29,248 $44.09 $-1,289,544
X
Management checks
We assess Leggett & Platt's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Leggett & Platt has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LEG News

Simply Wall St News

Can We See Significant Institutional Ownership On The Leggett & Platt, Incorporated (NYSE:LEG) Share Register?

Leggett &amp; Platt is a pretty big company. … See our latest analysis for Leggett &amp; Platt NYSE:LEG Ownership Summary, June 17th 2019 What Does The Institutional Ownership Tell Us About Leggett &amp; Platt? … Insider Ownership Of Leggett &amp; Platt The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Don't Sell Leggett & Platt, Incorporated (NYSE:LEG) Before You Read This

We'll look at Leggett &amp; Platt, Incorporated's (NYSE:LEG) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Leggett &amp; Platt: P/E of 17.45 = $37.65 ÷ $2.16 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NYSE:LEG Price Estimation Relative to Market, June 6th 2019 Its relatively high P/E ratio indicates that Leggett &amp; Platt shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Leggett & Platt, Incorporated (NYSE:LEG) Should Be In Your Dividend Portfolio, Here's Why

With a market cap of US$4.9b, Leggett &amp; Platt pays out 70% of its earnings, leading to a 4.3% yield. … More specifically: It is paying an annual yield above 75% of dividend payers It consistently pays out dividend without missing a payment or significantly cutting payout Its has increased its dividend per share amount over the past It can afford to pay the current rate of dividends from its earnings It has the ability to keep paying its dividends going forward High Yield And Dependable Leggett &amp; Platt currently yields 4.3%, which is high for Consumer Durables stocks. … Next Steps: Leggett &amp; Platt ticks all the boxes for what I look for in a dividend stock.

Simply Wall St -

Should You Consider Leggett & Platt, Incorporated (NYSE:LEG)?

NYSE:LEG Historical Debt, May 10th 2019 LEG’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 4.1%. … NYSE:LEG Historical Dividend Yield, May 10th 2019 Next Steps: For Leggett &amp; Platt, there are three fundamental factors you should further research: Future Outlook: What are well-informed industry analysts predicting for LEG’s future growth? … Take a look at our free research report of analyst consensus for LEG’s outlook.

Simply Wall St -

Is Leggett & Platt, Incorporated (NYSE:LEG) A Smart Choice For Dividend Investors?

Today we'll take a closer look at Leggett & Platt, Incorporated (NYSE:LEG) from a dividend investor's perspective. … In this case, Leggett & Platt likely looks attractive to investors, given its 3.7% dividend yield and a payment history of over ten years. … There are a few simple ways to reduce the risks of buying Leggett & Platt for its dividend, and we'll go through these below.

Simply Wall St -

What Do Analysts Think About Leggett & Platt, Incorporated's (NYSE:LEG) Earnings Trend?

Leggett & Platt, Incorporated's (NYSE:LEG) announced its latest earnings update in December 2018, whicha

Simply Wall St -

Does Leggett & Platt, Incorporated's (NYSE:LEG) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Karl Glassman's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Leggett & Platt, Incorporated has a market cap of US$5.7b, and is paying total annual CEO compensation of US$11m.

Simply Wall St -

Leggett & Platt, Incorporated (NYSE:LEG): Will The Growth Last?

In December 2018, Leggett & Platt, Incorporated (NYSE:LEG) announced its earnings update. … analyst consensus outlook appear cautiously optimistic, … the past 5-year average growth rate of 9.3%

Simply Wall St -

Is Leggett & Platt, Incorporated (NYSE:LEG) Potentially Undervalued?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Let’s take a look at Leggett & Platt’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Who Has Been Selling Leggett & Platt, Incorporated (NYSE:LEG) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Leggett & Platt, Incorporated (NYSE:LEG). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … All up, insiders sold more shares in Leggett & Platt than they bought, over the last year

Simply Wall St -

LEG Company Info

Description

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components. The Furniture Products segment offers molded plywood components; bases, columns, back rests, control devices, and casters and frames; private-label finished furniture; beds and bed frames; adjustable beds; and steel mechanisms and hardware, and springs and seat suspensions. It serves upholstered and office furniture manufacturers; department stores and big box retailers; e-commerce retailers; and mattress and furniture retailers. The Industrial Products segment offers drawn wires, bedding and furniture components, automotive seat suspension systems, and steel rods. It serves packaging and baling companies, mechanical spring manufacturers, and wire distributors. The Specialized Products segment offers mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless steel tubing, formed tube, and tube assemblies; and engineered hydraulic cylinders. It serves automobile and mobile equipment OEMs, and aerospace suppliers. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

Details
Name: Leggett & Platt, Incorporated
LEG
Exchange: NYSE
Founded: 1883
$5,074,846,472
131,268,662
Website: http://www.leggett.com
Address: Leggett & Platt, Incorporated
No. 1 Leggett Road,
Carthage,
Missouri, 64836,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LEG Common Stock New York Stock Exchange US USD 14. Jan 1970
DB LP1 Common Stock Deutsche Boerse AG DE EUR 14. Jan 1970
LSE 0JTT Common Stock London Stock Exchange GB USD 14. Jan 1970
Number of employees
Current staff
Staff numbers
23,000
Leggett & Platt employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 23:39
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.