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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.31
LEG's Cash to Debt is ranked lower than
60% of the 733 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.02 vs. LEG: 0.31 )
LEG' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.42
Current: 0.31

0.01
0.42
Equity to Asset 0.45
LEG's Equity to Asset is ranked lower than
55% of the 729 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.60 vs. LEG: 0.45 )
LEG' s 10-Year Equity to Asset Range
Min: 0.44   Max: 0.6
Current: 0.45

0.44
0.6
Interest Coverage 6.37
LEG's Interest Coverage is ranked lower than
56% of the 478 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 57.50 vs. LEG: 6.37 )
LEG' s 10-Year Interest Coverage Range
Min: 3.26   Max: 20.61
Current: 6.37

3.26
20.61
F-Score: 5
Z-Score: 4.16
M-Score: -2.78
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
75% of the 723 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.44 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
71% of the 723 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.33 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
83% of the 717 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 7.54 vs. LEG: 14.18 )
LEG' s 10-Year ROE (%) Range
Min: -0.53   Max: 18.46
Current: 14.18

-0.53
18.46
ROA (%) 6.35
LEG's ROA (%) is ranked higher than
77% of the 726 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.23 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
83% of the 724 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 15.03 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
69% of the 538 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.90 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
67% of the 447 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.30 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
70% of the 427 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.00 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

Q1 2013

LEG Guru Trades in Q1 2013

Chuck Royce 39,003 sh (unchged)
Meridian Funds 22,825 sh (unchged)
Steven Cohen Sold Out
Murray Stahl 38,450 sh (-1.03%)
Ray Dalio 12,238 sh (-7.55%)
Diamond Hill Capital 69,071 sh (-46.27%)
» More
Q2 2013

LEG Guru Trades in Q2 2013

Paul Tudor Jones 8,100 sh (New)
Joel Greenblatt 15,299 sh (New)
Steven Cohen 19,798 sh (New)
Meridian Funds 22,825 sh (unchged)
Chuck Royce 39,003 sh (unchged)
Diamond Hill Capital Sold Out
Ray Dalio Sold Out
Murray Stahl 38,000 sh (-1.17%)
» More
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
» Details

Insider Trades

Latest Guru Trades with LEG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Add 211.3%0.18%$28.64 - $31.08 $ 32.9511%350134
Joel Greenblatt 2013-09-30 Add 635.17%0.1%$28.86 - $32.34 $ 32.957%112474
Joel Greenblatt 2013-06-30 New Buy0.02%$30.09 - $34.19 $ 32.951%15299
Ray Dalio 2013-06-30 Sold Out $30.09 - $34.19 $ 32.951%0
Joel Greenblatt 2012-12-31 Sold Out 0.08%$24.45 - $27.85 $ 32.9525%0
Ray Dalio 2012-12-31 New Buy$24.45 - $27.85 $ 32.9525%13238
Joel Greenblatt 2012-09-30 New Buy0.08%$20.85 - $25.17 $ 32.9543%45499
Ray Dalio 2012-09-30 Sold Out 0.01%$20.85 - $25.17 $ 32.9543%0
Joel Greenblatt 2012-06-30 Sold Out 0.13%$19.46 - $23.95 $ 32.9555%0
Joel Greenblatt 2012-03-31 New Buy0.13%$21.36 - $23.6 $ 32.9556%63939
Ray Dalio 2012-03-31 Reduce -65.91%0.02%$21.36 - $23.6 $ 32.9556%25238
Ray Dalio 2011-12-31 Reduce -75.99%0.07%$18.61 - $23.92 $ 32.9549%74038
Ray Dalio 2011-09-30 Reduce -73.42%0.29%$17.87 - $24.8 $ 32.9554%308312
George Soros 2011-03-31 Sold Out $22.39 - $24.59 $ 32.9542%0
Premium More recent guru trades are included for Premium Members only!!
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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) 24.60
LEG's P/E(ttm) is ranked lower than
53% of the 579 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 18.70 vs. LEG: 24.60 )
LEG' s 10-Year P/E(ttm) Range
Min: 12.24   Max: 82.45
Current: 24.6

12.24
82.45
P/B 3.35
LEG's P/B is ranked lower than
66% of the 701 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.53 vs. LEG: 3.35 )
LEG' s 10-Year P/B Range
Min: 1.01   Max: 3.41
Current: 3.35

1.01
3.41
P/S 1.30
LEG's P/S is ranked lower than
60% of the 741 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.86 vs. LEG: 1.30 )
LEG' s 10-Year P/S Range
Min: 0.45   Max: 1.36
Current: 1.3

0.45
1.36
PFCF 14.39
LEG's PFCF is ranked higher than
73% of the 420 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 19.62 vs. LEG: 14.39 )
LEG' s 10-Year PFCF Range
Min: 4.31   Max: 33.16
Current: 14.39

4.31
33.16
EV-to-EBIT 18.15
LEG's EV-to-EBIT is ranked lower than
54% of the 613 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 14.37 vs. LEG: 18.15 )
LEG' s 10-Year EV-to-EBIT Range
Min: 10.4   Max: 30.5
Current: 18.15

10.4
30.5
PEG 4.25
LEG's PEG is ranked lower than
59% of the 314 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.77 vs. LEG: 4.25 )
LEG' s 10-Year PEG Range
Min: 0.81   Max: 43.77
Current: 4.25

0.81
43.77
Shiller P/E 29.07
LEG's Shiller P/E is ranked lower than
54% of the 329 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 20.05 vs. LEG: 29.07 )
LEG' s 10-Year Shiller P/E Range
Min: 10.01   Max: 39.76
Current: 29.07

10.01
39.76

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.60
LEG's Dividend Yield is ranked higher than
74% of the 497 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.08 vs. LEG: 3.60 )
LEG' s 10-Year Dividend Yield Range
Min: 1.9   Max: 9.7
Current: 3.6

1.9
9.7
Dividend Payout 0.94
LEG's Dividend Payout is ranked lower than
70% of the 398 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.34 vs. LEG: 0.94 )
LEG' s 10-Year Dividend Payout Range
Min: 0.22   Max: 1.61
Current: 0.94

0.22
1.61
Dividend growth (3y) 3.60
LEG's Dividend growth (3y) is ranked higher than
70% of the 240 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.50 vs. LEG: 3.60 )
LEG' s 10-Year Dividend growth (3y) Range
Min: 3.2   Max: 20.3
Current: 3.6

3.2
20.3
Yield on cost (5-Year) 4.32
LEG's Yield on cost (5-Year) is ranked higher than
76% of the 517 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.19 vs. LEG: 4.32 )
LEG' s 10-Year Yield on cost (5-Year) Range
Min: 2.28   Max: 11.63
Current: 4.32

2.28
11.63
Share Buyback Rate 1.30
LEG's Share Buyback Rate is ranked higher than
89% of the 367 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -0.60 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 17.81
LEG's Price/Tangible Book is ranked lower than
86% of the 664 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.90 vs. LEG: 17.81 )
LEG' s 10-Year Price/Tangible Book Range
Min: 3.01   Max: 16.72
Current: 17.81

3.01
16.72
Price/DCF (Projected) 1.04
LEG's Price/DCF (Projected) is ranked higher than
69% of the 368 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.20 vs. LEG: 1.04 )
LEG' s 10-Year Price/DCF (Projected) Range
Min: 0.59   Max: 1.98
Current: 1.04

0.59
1.98
Price/Median PS Value 1.27
LEG's Price/Median PS Value is ranked lower than
54% of the 688 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.10 vs. LEG: 1.27 )
LEG' s 10-Year Price/Median PS Value Range
Min: 0.61   Max: 1.37
Current: 1.27

0.61
1.37
Price/Peter Lynch Fair Value 2.41
LEG's Price/Peter Lynch Fair Value is ranked lower than
66% of the 169 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.06 vs. LEG: 2.41 )
LEG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.87   Max: 3.23
Current: 2.41

0.87
3.23
Price/Graham Number 4.37
LEG's Price/Graham Number is ranked lower than
79% of the 546 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.20 vs. LEG: 4.37 )
LEG' s 10-Year Price/Graham Number Range
Min: 1.3   Max: 4.1
Current: 4.37

1.3
4.1
Earnings Yield (Greenblatt) 5.50
LEG's Earnings Yield (Greenblatt) is ranked higher than
50% of the 665 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 6.90 vs. LEG: 5.50 )
LEG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.3   Max: 9.6
Current: 5.5

3.3
9.6
Forward Rate of Return (Yacktman) 16.25
LEG's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 444 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 7.06 vs. LEG: 16.25 )
LEG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -18   Max: 29.8
Current: 16.25

-18
29.8

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.

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