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Consumer Cyclical - Furnishings, Fixtures & Appliances - NYSE - US
$ 11.82
0.17 %
$ 1.59 B
Market Cap
-2.03
P/E
1. INTRINSIC VALUE

Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.[ Read More ]

The intrinsic value of one LEG stock under the base case scenario is HIDDEN Compared to the current market price of 11.8 USD, Leggett & Platt, Incorporated is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LEG

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FINANCIALS
4.73 B REVENUE
-8.19%
321 M OPERATING INCOME
-33.90%
-137 M NET INCOME
-44.14%
497 M OPERATING CASH FLOW
12.64%
-91.3 M INVESTING CASH FLOW
49.11%
-359 M FINANCING CASH FLOW
-26.12%
1.1 B REVENUE
-2.44%
66.4 M OPERATING INCOME
14.68%
44.9 M NET INCOME
107.46%
95.5 M OPERATING CASH FLOW
1.60%
-200 K INVESTING CASH FLOW
97.56%
-130 M FINANCING CASH FLOW
4.22%
Balance Sheet Decomposition Leggett & Platt, Incorporated
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Current Assets 1.88 B
Cash & Short-Term Investments 366 M
Receivables 637 M
Other Current Assets 879 M
Non-Current Assets 2.75 B
Long-Term Investments 72.9 M
PP&E 978 M
Other Non-Current Assets 1.7 B
Current Liabilities 1.26 B
Accounts Payable 536 M
Short-Term Debt 423 M
Other Current Liabilities 304 M
Non-Current Liabilities 2.04 B
Long-Term Debt 1.83 B
Other Non-Current Liabilities 211 M
EFFICIENCY
Earnings Waterfall Leggett & Platt, Incorporated
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Revenue 4.73 B
Cost Of Revenue 3.87 B
Gross Profit 854 M
Operating Expenses 465 M
Operating Income 321 M
Other Expenses 457 M
Net Income -137 M
RATIOS
18.07% GROSS MARGIN
18.07%
6.78% OPERATING MARGIN
6.78%
-2.90% NET MARGIN
-2.90%
-10.26% ROE
-10.26%
-2.95% ROA
-2.95%
7.49% ROIC
7.49%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Leggett & Platt, Incorporated
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Net Income -137 M
Depreciation & Amortization 178 M
Capital Expenditures -114 M
Stock-Based Compensation 27.6 M
Change in Working Capital 116 M
Others 409 M
Free Cash Flow 383 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Leggett & Platt, Incorporated
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Wall Street analysts predict an average 1-year price target for LEG of $13.3 , with forecasts ranging from a low of $11 to a high of $16 .
LEG Lowest Price Target Wall Street Target
11 USD -6.94%
LEG Average Price Target Wall Street Target
13.3 USD 12.80%
LEG Highest Price Target Wall Street Target
16 USD 35.36%
4. DIVIDEND ANALYSIS
0.36% DIVIDEND YIELD
0.05 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Leggett & Platt, Incorporated
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
640 K USD 6
3-6 MONTHS
134 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
Jun 06, 2024
Bought 47 K USD
BURNS BENJAMIN MICHAEL
Executive Vice President - CFO
+ 3850
12.1965 USD
5 months ago
Jun 05, 2024
Bought 121 K USD
Padmanabhan Srikanth
Director
+ 10000
12.0649 USD
5 months ago
Jun 04, 2024
Bought 24.8 K USD
DAVIS JENNIFER JOY
EVP - GENERAL COUNSEL
+ 1985
12.4996 USD
5 months ago
May 31, 2024
Bought 273 K USD
GLASSMAN KARL G
President and CEO
+ 23800
11.4768 USD
5 months ago
May 30, 2024
Bought 109 K USD
KLEIBOEKER RYAN MICHAEL
EVP-Chief Strategic Plan. Off.
+ 10000
10.9499 USD
5 months ago
May 23, 2024
Bought 64.4 K USD
BLINN MARK A
Director
+ 6000
10.7399 USD
6 months ago
May 02, 2024
Bought 134 K USD
KLEIBOEKER RYAN MICHAEL
EVP-Chief Strategic Plan. Off.
+ 10000
13.39 USD
7. News
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.05 CARTHAGE, Mo. , Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024. prnewswire.com - 1 week ago
Leggett & Platt: A Fair Company At A Wonderful Price Leggett & Platt, a former Dividend King, was forced to cut their dividend by 89% earlier this year due to headwinds. The company now expects to use freed-up capital to pay down debt and deleverage towards their long-term target of 2.0x. With the dividend reset, LEG is expected to cover the dividend with free cash flow by the end of 2024. seekingalpha.com - 1 week ago
Why Leggett & Platt Stock Zoomed 4% Higher Today We might see a slimmed-down company in the near future. fool.com - 2 weeks ago
Leggett Misses Q3 Earnings & Sales Estimates, Lowers '24 Guidance LEG's third-quarter 2024 results reflect soft demand trends in residential end markets and headwinds due to ongoing economic challenges. zacks.com - 2 weeks ago
Leggett & Platt, Incorporated (LEG) Q3 2024 Earnings Call Transcript Leggett & Platt, Incorporated (NYSE:LEG ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Cassie Branscum - Vice President, Investor Relations Karl Glassman - Chief Executive Officer Ben Burns - Chief Financial Officer Tyson Hagale - President, Bedding Products Sam Smith - President, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Peter Keith - Piper Sandler Judy Merrick - Truist Securities Operator Greetings and welcome to the Leggett & Platt Third Quarter 2024 Webcast and Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago
Legget & Platt (LEG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for Legget & Platt (LEG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago
Legget & Platt (LEG) Lags Q3 Earnings and Revenue Estimates Legget & Platt (LEG) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.36 per share a year ago. zacks.com - 2 weeks ago
LEGGETT & PLATT REPORTS 3Q RESULTS CARTHAGE, Mo. , Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q23 3Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS 2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billion President and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. prnewswire.com - 2 weeks ago
Dip Buying Opportunity: 2 Dividend Growth Stocks For Potential Long-Term Upside Visa and Pepsi are facing headwinds, creating attractive buying opportunities for long-term investors due to their recent price declines. Visa's strong fundamentals include double-digit revenue growth, low payout ratio, and robust cash flow supporting continued buybacks. Pepsi, a Dividend King, has a solid dividend track record, and I expect growth to pick up as interest rates should provide tailwinds. seekingalpha.com - 1 month ago
Buy 7 September Dividend Kings, Watch 9 More "What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.” - suredividend.com. The 53 Dividend Kings, screened as of Sept. 10, represented eight of 11 Morningstar Sectors. Broker-targeted top 10 net gains ranged around 11.59%-35.94%, topped by Emerson and Stephan. By yield, Altria tops all. Top 10 September dogs: HRL, KVUE, FRT, FTS, UBSI, BKH, NWN, CDUAF, UVV, and MO averaged 4.70% in yield. seekingalpha.com - 2 months ago
2 Stocks To Consider For Income Reliability And Upside Potential Verizon and NNN REIT are reliable dividend stocks with potential for upside in the long term. Verizon offers a safe dividend, improving cash flows, and decreasing debt, potentially leading to strong upside once interest rates are considerably lower over the next 12 months. NNN REIT focuses on non-rated tenants, delivering consistent FFO growth, increasing dividends, and a strong balance sheet, offering potential for growth. seekingalpha.com - 3 months ago
2 Fallen Former Dividend Kings For A Small Cap Recovery Trade Small caps that were once large are optimal in this environment for a small cap trade in my opinion. Despite challenges, some companies like Leggett & Platt and VF Corporation are working on turnaround stories and are cutting costs while reducing debt. Debt burdens are a concern, but rate cuts may provide some assistance in navigating small cap purgatory. seekingalpha.com - 3 months ago
8. Profile Summary

Leggett & Platt, Incorporated LEG

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COUNTRY US
INDUSTRY Furnishings, Fixtures & Appliances
MARKET CAP $ 1.59 B
Dividend Yield 0.36%
Description Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.
Contact No. 1 Leggett Road, Carthage, MO, 64836 https://www.leggett.com
IPO Date March 17, 1980
Employees 19300
Officers Mr. Benjamin M. Burns Executive Vice President & Chief Financial Officer Ms. Cassie J. Branscum Vice President of Investor Relations Ms. Tammy M. Trent Senior Vice President & Chief Accounting Officer Mr. Karl G. Glassman President, Chief Executive Officer & Chairman Mr. J. Tyson Hagale Executive Vice President & President of Bedding Products Ms. Jennifer Joy Davis Executive Vice President & General Counsel Mr. Charles P. Hutchins Vice President & Chief Tax Officer Ms. Christina A. Ptasinski Executive Vice President & Chief HR Officer Mr. J. Mitchell Dolloff Executive Officer Mr. Michael W. Blinzler Vice President & Chief Information Officer