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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.27
LEG's Cash to Debt is ranked lower than
60% of the 750 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.80 vs. LEG: 0.27 )
LEG' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.46
Current: 0.27

0.01
0.46
Equity to Asset 0.42
LEG's Equity to Asset is ranked lower than
57% of the 748 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.59 vs. LEG: 0.42 )
LEG' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.61
Current: 0.42

0.41
0.61
Interest Coverage 6.37
LEG's Interest Coverage is ranked lower than
56% of the 469 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 65.36 vs. LEG: 6.37 )
LEG' s 10-Year Interest Coverage Range
Min: 3.26   Max: 20.54
Current: 6.37

3.26
20.54
F-Score: 5
Z-Score: 4.07
M-Score: -2.64
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 7.60
LEG's Operating margin (%) is ranked higher than
74% of the 745 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.56 vs. LEG: 7.60 )
LEG' s 10-Year Operating margin (%) Range
Min: 4.49   Max: 13.24
Current: 7.6

4.49
13.24
Net-margin (%) 5.27
LEG's Net-margin (%) is ranked higher than
72% of the 745 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.06 vs. LEG: 5.27 )
LEG' s 10-Year Net-margin (%) Range
Min: -0.26   Max: 7.69
Current: 5.27

-0.26
7.69
ROE (%) 14.18
LEG's ROE (%) is ranked higher than
86% of the 732 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 6.66 vs. LEG: 14.18 )
LEG' s 10-Year ROE (%) Range
Min: -0.53   Max: 18.38
Current: 14.18

-0.53
18.38
ROA (%) 6.35
LEG's ROA (%) is ranked higher than
80% of the 745 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.89 vs. LEG: 6.35 )
LEG' s 10-Year ROA (%) Range
Min: -0.28   Max: 11.07
Current: 6.35

-0.28
11.07
ROC (Joel Greenblatt) (%) 30.45
LEG's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 743 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 14.58 vs. LEG: 30.45 )
LEG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 11.6   Max: 33.56
Current: 30.45

11.6
33.56
Revenue Growth (%) 5.10
LEG's Revenue Growth (%) is ranked higher than
71% of the 609 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.70 vs. LEG: 5.10 )
LEG' s 10-Year Revenue Growth (%) Range
Min: -6.3   Max: 12.3
Current: 5.1

-6.3
12.3
EBITDA Growth (%) 1.30
LEG's EBITDA Growth (%) is ranked higher than
68% of the 509 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -0.50 vs. LEG: 1.30 )
LEG' s 10-Year EBITDA Growth (%) Range
Min: -13.3   Max: 18.6
Current: 1.3

-13.3
18.6
EPS Growth (%) 3.60
LEG's EPS Growth (%) is ranked higher than
69% of the 465 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -2.40 vs. LEG: 3.60 )
LEG' s 10-Year EPS Growth (%) Range
Min: -35.5   Max: 52
Current: 3.6

-35.5
52
» LEG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

LEG Guru Trades in Q3 2013

Joel Greenblatt 112,474 sh (+635.17%)
Chuck Royce 39,003 sh (unchged)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Murray Stahl 34,000 sh (-10.53%)
» More
Q4 2013

LEG Guru Trades in Q4 2013

Paul Tudor Jones 13,232 sh (New)
Joel Greenblatt 350,134 sh (+211.3%)
Chuck Royce 39,003 sh (unchged)
Murray Stahl 33,800 sh (-0.59%)
» More
Q1 2014

LEG Guru Trades in Q1 2014

Chuck Royce 39,003 sh (unchged)
Murray Stahl 33,800 sh (unchged)
Paul Tudor Jones Sold Out
Joel Greenblatt 210,324 sh (-39.93%)
» More
Q2 2014

LEG Guru Trades in Q2 2014

Murray Stahl 33,800 sh (unchged)
Joel Greenblatt Sold Out
Chuck Royce 30,803 sh (-21.02%)
» More
» Details

Insider Trades

Latest Guru Trades with LEG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Sold Out 0.1%$31.94 - $34.8 $ 35.045%0
Joel Greenblatt 2014-03-31 Reduce -39.93%0.1%$29.06 - $32.23 $ 35.0413%210324
Joel Greenblatt 2013-12-31 Add 211.3%0.18%$28.64 - $31.08 $ 35.0418%350134
Joel Greenblatt 2013-09-30 Add 635.17%0.1%$28.86 - $32.34 $ 35.0414%112474
Joel Greenblatt 2013-06-30 New Buy0.02%$30.09 - $34.19 $ 35.048%15299
Ray Dalio 2013-06-30 Sold Out $30.09 - $34.19 $ 35.048%0
Joel Greenblatt 2012-12-31 Sold Out 0.08%$24.45 - $27.85 $ 35.0433%0
Ray Dalio 2012-12-31 New Buy$24.45 - $27.85 $ 35.0433%13238
Joel Greenblatt 2012-09-30 New Buy0.08%$20.85 - $25.17 $ 35.0452%45499
Ray Dalio 2012-09-30 Sold Out 0.01%$20.85 - $25.17 $ 35.0452%0
Joel Greenblatt 2012-06-30 Sold Out 0.13%$19.46 - $23.95 $ 35.0464%0
Joel Greenblatt 2012-03-31 New Buy0.13%$21.36 - $23.6 $ 35.0465%63939
Ray Dalio 2012-03-31 Reduce -65.91%0.02%$21.36 - $23.6 $ 35.0465%25238
Ray Dalio 2011-12-31 Reduce -75.99%0.07%$18.61 - $23.92 $ 35.0459%74038
Ray Dalio 2011-09-30 Reduce -73.42%0.29%$17.87 - $24.8 $ 35.0464%308312
Premium More recent guru trades are included for Premium Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Leggett & Platt Inc

Meridian Funds Comments on Leggett & Platt - Aug 28, 2013

Leggett & Platt (LEG) is a leading manufacturer of engineered products and components. As the pioneer of steel coil springs found in mattresses and furniture, the company continues to supply a variety of components to bedding and furniture manufacturers. Additionally, Leggett & Platt's broader product line includes retail store fixtures, office furniture components, automotive seating components and industrial steel wire and tubing. Customers choose Leggett & Platt as a supplier because the company's manufacturing scale and processes result in lower costs than customers can produce themselves. We believe earnings should grow based on the contribution of new products, cost reduction efforts and the improving housing market. Moreover, future dividend growth appears likely based on a 42-year record of dividend increases. We believe Leggett & Platt is an attractive investment based on its 3.8% dividend yield and positive growth outlook.

From Meridian Funds's second quarter 2013 commentary.


Check out Meridian Funds latest stock trades

Top Ranked Articles about Leggett & Platt Inc

Meridian Funds Comments on Leggett & Platt
Leggett & Platt (LEG) is a leading manufacturer of engineered products and components. As the pioneer of steel coil springs found in mattresses and furniture, the company continues to supply a variety of components to bedding and furniture manufacturers. Additionally, Leggett & Platt's broader product line includes retail store fixtures, office furniture components, automotive seating components and industrial steel wire and tubing. Customers choose Leggett & Platt as a supplier because the company's manufacturing scale and processes result in lower costs than customers can produce themselves. We believe earnings should grow based on the contribution of new products, cost reduction efforts and the improving housing market. Moreover, future dividend growth appears likely based on a 42-year record of dividend increases. We believe Leggett & Platt is an attractive investment based on its 3.8% dividend yield and positive growth outlook. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 25.40
LEG's P/E(ttm) is ranked higher than
50% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 24.00 vs. LEG: 25.40 )
LEG' s 10-Year P/E(ttm) Range
Min: 12.24   Max: 82.45
Current: 25.4

12.24
82.45
P/B 3.57
LEG's P/B is ranked lower than
61% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.80 vs. LEG: 3.57 )
LEG' s 10-Year P/B Range
Min: 1.01   Max: 3.57
Current: 3.57

1.01
3.57
P/S 1.35
LEG's P/S is ranked lower than
57% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.89 vs. LEG: 1.35 )
LEG' s 10-Year P/S Range
Min: 0.45   Max: 1.37
Current: 1.35

0.45
1.37
PFCF 17.35
LEG's PFCF is ranked higher than
82% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 90.00 vs. LEG: 17.35 )
LEG' s 10-Year PFCF Range
Min: 4.31   Max: 33.16
Current: 17.35

4.31
33.16
EV-to-EBIT 19.69
LEG's EV-to-EBIT is ranked higher than
58% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 17.50 vs. LEG: 19.69 )
LEG' s 10-Year EV-to-EBIT Range
Min: 10.4   Max: 30.5
Current: 19.69

10.4
30.5
PEG 4.38
LEG's PEG is ranked higher than
79% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 9999.00 vs. LEG: 4.38 )
LEG' s 10-Year PEG Range
Min: 0.79   Max: 22.31
Current: 4.38

0.79
22.31
Shiller P/E 30.19
LEG's Shiller P/E is ranked higher than
75% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 9999.00 vs. LEG: 30.19 )
LEG' s 10-Year Shiller P/E Range
Min: 10.01   Max: 39.76
Current: 30.19

10.01
39.76
Current Ratio 1.69
LEG's Current Ratio is ranked higher than
56% of the 497 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.00 vs. LEG: 1.69 )
LEG' s 10-Year Current Ratio Range
Min: 1.55   Max: 3.19
Current: 1.69

1.55
3.19
Quick Ratio 1.07
LEG's Quick Ratio is ranked higher than
60% of the 497 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.16 vs. LEG: 1.07 )
LEG' s 10-Year Quick Ratio Range
Min: 0.95   Max: 2.04
Current: 1.07

0.95
2.04

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.42
LEG's Dividend Yield is ranked higher than
74% of the 520 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.97 vs. LEG: 3.42 )
LEG' s 10-Year Dividend Yield Range
Min: 1.9   Max: 9.7
Current: 3.42

1.9
9.7
Dividend Payout 1.64
LEG's Dividend Payout is ranked higher than
61% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.92 vs. LEG: 1.64 )
LEG' s 10-Year Dividend Payout Range
Min: 0.21   Max: 12.5
Current: 1.64

0.21
12.5
Dividend growth (3y) 3.60
LEG's Dividend growth (3y) is ranked higher than
75% of the 324 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -3.10 vs. LEG: 3.60 )
LEG' s 10-Year Dividend growth (3y) Range
Min: 3.2   Max: 18.4
Current: 3.6

3.2
18.4
Yield on cost (5-Year) 4.08
LEG's Yield on cost (5-Year) is ranked higher than
75% of the 537 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.17 vs. LEG: 4.08 )
LEG' s 10-Year Yield on cost (5-Year) Range
Min: 2.28   Max: 11.63
Current: 4.08

2.28
11.63
Share Buyback Rate 1.30
LEG's Share Buyback Rate is ranked higher than
87% of the 419 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -0.30 vs. LEG: 1.30 )
LEG' s 10-Year Share Buyback Rate Range
Min: 5.2   Max: -5.6
Current: 1.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 20.49
LEG's Price/Tangible Book is ranked lower than
77% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.40 vs. LEG: 20.49 )
LEG' s 10-Year Price/Tangible Book Range
Min: 2.72   Max: 24.74
Current: 20.49

2.72
24.74
Price/DCF (Projected) 1.11
LEG's Price/DCF (Projected) is ranked higher than
84% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 24.70 vs. LEG: 1.11 )
LEG' s 10-Year Price/DCF (Projected) Range
Min: 0.48   Max: 2.49
Current: 1.11

0.48
2.49
Price/Median PS Value 1.43
LEG's Price/Median PS Value is ranked lower than
52% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.10 vs. LEG: 1.43 )
LEG' s 10-Year Price/Median PS Value Range
Min: 0.59   Max: 1.74
Current: 1.43

0.59
1.74
Price/Peter Lynch Fair Value 3.01
LEG's Price/Peter Lynch Fair Value is ranked higher than
81% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 9999.00 vs. LEG: 3.01 )
LEG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.63   Max: 4.89
Current: 3.01

0.63
4.89
Price/Graham Number 4.75
LEG's Price/Graham Number is ranked lower than
59% of the 793 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.00 vs. LEG: 4.75 )
LEG' s 10-Year Price/Graham Number Range
Min: 1.29   Max: 4.76
Current: 4.75

1.29
4.76
Earnings Yield (Greenblatt) 5.10
LEG's Earnings Yield (Greenblatt) is ranked lower than
60% of the 703 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 6.90 vs. LEG: 5.10 )
LEG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.3   Max: 9.6
Current: 5.1

3.3
9.6
Forward Rate of Return (Yacktman) 14.40
LEG's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 521 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.80 vs. LEG: 14.40 )
LEG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -19.7   Max: 30.4
Current: 14.4

-19.7
30.4

Business Description

Industry: Manufacturing - Apparel & Furniture » Home Furnishings & Fixtures
Compare:BLT, ELUXY, MHK, SNHFY, FBHS » details
Traded in other countries:LP1.Germany
Leggett & Platt, Inc. was founded as a partnership in Carthage, Missouri in 1883 and was incorporated in 1901. The Company, manufactures steel coil bedspring, and conceives, designs and produces engineered components and products for homes, offices, retail stores and automobiles. The Company is organized into 20 business units, which are divided into 10 groups under its four segments: Residential Furnishings; Commercial Fixturing & Components; Industrial Materials and Specialized Products. Residential Furnishings segment supplies components mainly used by bedding and upholstered furniture manufacturers in the assembly of their finished products. It also sells carpet cushion, adjustable beds, bed frames, ornamental beds, and geo components. Commercial Fixturing & Components segment manufactures and sells store fixtures and point-of-purchase displays used in retail stores. The Company also produces chair controls, bases, and other components for office furniture manufacturers. Industrial Materials segment operations mainly supply steel rod, drawn steel wire, steel billets, and welded steel tubing to other company operations and to external customers. The Company's wire and tubing is used to make bedding, furniture, automotive seats, wire retail fixtures, mechanical springs, and other end products. Specialized Products segment designs, produces and sells components for automotive seating, specialized machinery and equipment, and service van interiors. The Company manufactures and installs the racks, shelving and cabinets used to outfit fleets of service vans. It also produces machinery, both for the Company and for others, including bedding manufacturers. The products it manufactures in continuing operations require a variety of raw materials. Among the most important are: Various types of steel, including scrap, rod, wire, coil, sheet and angle iron, foam scrap and woven and non-woven fabrics. The Company supplies the majority of its steel rod requirements through its own rod mill. Its Residential Furnishings customers are manufacturers of finished bedding products or upholstered furniture for residential use. It also sells ornamental beds, bed frames, adjustable beds, carpet underlay, and top-of-bed accessories, directly to retailers and distributors. It sells geo components products mainly to dealers, contractors, landscapers, road construction companies and government agencies.
» More Articles for LEG

Headlines

Articles On GuruFocus.com
Leggett & Platt Inc. Dividend Stock Analysis Feb 14 2014 
Warren Buffett's Secret to 50% Returns Sep 11 2013 
5 Safe Dividend Stocks When Using the 4% Rule Sep 10 2013 
Meridian Funds Comments on Leggett & Platt Aug 28 2013 
Leggett & Platt Inc. (LEG) Dividend Stock Analysis Aug 23 2013 
7 Stocks Paying More Cash with Higher Dividends Aug 12 2013 
My 4 Favorite High-Beta Dividend Aristocrats Aug 07 2013 
My 4 High Beta Dividend Aristocrats Aug 07 2013 
First Quarter 2013: Top and Bottom Performing Dividend Stocks May 07 2013 
5 Engineering Companies that Keep Boosting Dividends Mar 27 2013 


More From Other Websites
Leggett to Incur Antitrust Charges in Q3, Keeps '14 EPS View Aug 20 2014
Leggett & Platt Reaches Tentative Settlement of Antitrust Claims Aug 19 2014
LEGGETT & PLATT INC Files SEC form 8-K, Regulation FD Disclosure, Other Events, Financial Statements... Aug 19 2014
Leggett & Platt Reaches Tentative Settlement of Antitrust Claims Aug 19 2014
LEGGETT & PLATT INC Financials Aug 12 2014
Leggett Enhances Shareholder Value, Boosts Dividend by 3.3% Aug 06 2014
LEGGETT & PLATT INC Files SEC form 10-Q, Quarterly Report Aug 05 2014
Leggett & Platt Increases Quarterly Dividend To $.31 Aug 05 2014
Leggett & Platt Increases Quarterly Dividend To $.31 Aug 05 2014
Leggett & Platt (LEG) Beats on Q2 Earnings, Outlook Strong Jul 25 2014
Leggett & Platt Reports $.48 Adjusted Second Quarter EPS Jul 24 2014
LEGGETT & PLATT INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 24 2014
Leggett & Platt Reports $.48 Adjusted Second Quarter EPS Jul 24 2014
Q2 2014 Leggett & Platt Earnings Release - After Market Close Jul 24 2014
Will Charge on Store Fixtures Affect Leggett (LEG) Earnings? Jul 23 2014
Leggett & Platt Expects Impairment Charge for Store Fixtures Jul 15 2014
Leggett & Platt To Record Non-Cash Impairment In Store Fixtures Jul 14 2014
Leggett & Platt considers sale of store-fixtures business Jul 14 2014
LEGGETT & PLATT INC Files SEC form 8-K, Results of Operations and Financial Condition, Material... Jul 14 2014

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