Leggett & Platt
Market Cap
US$5.9b
Last Updated
2021/01/21 23:56 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 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.
Market Performance
7 Day Return
1.5%
LEG
8.0%
US Consumer Durables
1.4%
US Market
1 Year Return
-13.0%
LEG
24.1%
US Consumer Durables
22.6%
US Market
Return vs Industry: LEG underperformed the US Consumer Durables industry which returned 24.7% over the past year.
Return vs Market: LEG underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| LEG | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 8.0% | 1.4% |
| 30 Day | 8.1% | 7.3% | 4.9% |
| 90 Day | 0.4% | 12.6% | 14.6% |
| 1 Year | -9.2%-13.0% | 25.6%24.1% | 25.4%22.6% |
| 3 Year | 4.7%-6.6% | 25.8%21.4% | 46.8%37.0% |
| 5 Year | 33.4%12.4% | 101.3%88.0% | 132.0%106.1% |
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 St
How Did Leggett & Platt, Incorporated's (NYSE:LEG) 18% ROE Fare Against The Industry?2 weeks ago | Simply Wall St
Three Things You Should Check Before Buying Leggett & Platt, Incorporated (NYSE:LEG) For Its Dividend1 month ago | Simply Wall St
Could The Leggett & Platt, Incorporated (NYSE:LEG) Ownership Structure Tell Us Something Useful?Valuation
Is Leggett & Platt undervalued compared to its fair value and its price relative to the market?
15.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LEG ($44.63) is trading below our estimate of fair value ($52.58)
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 (26.2x) compared to the US Consumer Durables industry average (16.2x).
PE vs Market: LEG is poor value based on its PE Ratio (26.2x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: LEG is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: LEG is overvalued based on its PB Ratio (4.6x) compared to the US Consumer Durables industry average (1.9x).
Next Steps
Future Growth
How is Leggett & Platt forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEG's forecast earnings growth (15.4% per year) is above the savings rate (2%).
Earnings vs Market: LEG's earnings (15.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: LEG's earnings are forecast to grow, but not significantly.
Revenue vs Market: LEG's revenue (5.4% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: LEG's revenue (5.4% 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?
-5.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEG has high quality earnings.
Growing Profit Margin: LEG's current net profit margins (5.4%) are lower than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: LEG's earnings have declined by 5.3% 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 (-23%) over the past year, making it difficult to compare to the Consumer Durables industry average (21%).
Return on Equity
High ROE: LEG's Return on Equity (17.8%) 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 ($1.5B) exceed its short term liabilities ($947.4M).
Long Term Liabilities: LEG's short term assets ($1.5B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: LEG's debt to equity ratio (150.8%) is considered high.
Reducing Debt: LEG's debt to equity ratio has increased from 90.1% to 150.8% over the past 5 years.
Debt Coverage: LEG's debt is well covered by operating cash flow (32.4%).
Interest Coverage: LEG's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
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Dividend
What is Leggett & Platt current dividend yield, its reliability and sustainability?
3.59%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LEG's dividend (3.59%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: LEG's dividend (3.59%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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 (93.8%), 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 (25.2% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Karl Glassman (62 yo)
5yrs
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 ($USD6.22M).
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 | 5yrs | US$10.19m | 0.48% $ 28.5m | |
| President | 1yr | US$3.85m | 0.13% $ 7.6m | |
| Executive VP & CFO | 1.33yrs | US$2.29m | 0.019% $ 1.1m | |
| Senior VP | 11yrs | US$1.79m | 0.031% $ 1.8m | |
| Senior VP & Chief Accounting Officer | 5.67yrs | no data | 0.022% $ 1.3m | |
| Senior Vice President of Investor Relations | 1.92yrs | no data | 0.018% $ 1.1m | |
| VP & Chief Tax Officer | 1.08yrs | no data | no data | |
| EVP and President of Specialized Products Segment | no data | no data | 0.025% $ 1.5m | |
| VP & Chief Credit Officer | 1.08yrs | no data | no data | |
| VP of Business Support Services & Treasurer | 1.08yrs | no data | no data | |
| Corporate VP & Treasurer | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
1.3yrs
Average Tenure
55yo
Average Age
Experienced Management: LEG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5yrs | US$10.19m | 0.48% $ 28.5m | |
| President | 1yr | US$3.85m | 0.13% $ 7.6m | |
| Lead Independent Director | 1yr | US$321.24k | 0.049% $ 2.9m | |
| Independent Director | 7yrs | US$307.00k | 0.031% $ 1.8m | |
| Independent Director | 16yrs | US$269.52k | 0.025% $ 1.5m | |
| Independent Director | 15.17yrs | US$352.12k | 0.045% $ 2.7m | |
| Independent Director | 1.67yrs | US$203.06k | 0.0053% $ 316.4k | |
| Independent Director | 1.17yrs | US$100.00k | 0.0052% $ 308.1k | |
| Independent Director | 11.67yrs | US$329.76k | 0.017% $ 1.0m | |
| Independent Director | 1.67yrs | US$202.06k | 0.0077% $ 453.0k | |
| Independent Director | 2.42yrs | US$249.82k | 0.0071% $ 419.9k |
1.7yrs
Average Tenure
62yo
Average Age
Experienced Board: LEG's board of directors are not considered experienced ( 1.7 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: LEG insiders have only sold shares 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$5.914b
- Shares outstanding: 132.52m
- 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 | 2021/01/21 23:56 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| 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.