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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 0.26
LEG's Cash to Debt is ranked lower than
77% of the 696 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.16 vs. LEG: 0.26 )
Ranked among companies with meaningful Cash to Debt only.
LEG' s 10-Year Cash to Debt Range
Min: 0.01  Med: 0.19 Max: 0.46
Current: 0.26
0.01
0.46
Equity to Asset 0.36
LEG's Equity to Asset is ranked lower than
83% of the 626 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.59 vs. LEG: 0.36 )
Ranked among companies with meaningful Equity to Asset only.
LEG' s 10-Year Equity to Asset Range
Min: 0.36  Med: 0.54 Max: 0.61
Current: 0.36
0.36
0.61
Interest Coverage 7.93
LEG's Interest Coverage is ranked lower than
77% of the 414 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 180.95 vs. LEG: 7.93 )
Ranked among companies with meaningful Interest Coverage only.
LEG' s 10-Year Interest Coverage Range
Min: 3.26  Med: 7.74 Max: 20.54
Current: 7.93
3.26
20.54
F-Score: 6
Z-Score: 4.71
M-Score: -3.12
WACC vs ROIC
8.68%
9.70%
WACC
ROIC
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 (%) 6.50
LEG's Operating margin (%) is ranked higher than
59% of the 698 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.69 vs. LEG: 6.50 )
Ranked among companies with meaningful Operating margin (%) only.
LEG' s 10-Year Operating margin (%) Range
Min: 4.49  Med: 8.74 Max: 13.24
Current: 6.5
4.49
13.24
Net-margin (%) 2.98
LEG's Net-margin (%) is ranked lower than
52% of the 698 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.36 vs. LEG: 2.98 )
Ranked among companies with meaningful Net-margin (%) only.
LEG' s 10-Year Net-margin (%) Range
Min: -0.26  Med: 5.64 Max: 7.69
Current: 2.98
-0.26
7.69
ROE (%) 9.58
LEG's ROE (%) is ranked higher than
59% of the 686 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 6.47 vs. LEG: 9.58 )
Ranked among companies with meaningful ROE (%) only.
LEG' s 10-Year ROE (%) Range
Min: -0.5  Med: 12.13 Max: 19.7
Current: 9.58
-0.5
19.7
ROA (%) 3.67
LEG's ROA (%) is ranked higher than
52% of the 704 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 3.46 vs. LEG: 3.67 )
Ranked among companies with meaningful ROA (%) only.
LEG' s 10-Year ROA (%) Range
Min: -0.27  Med: 6.20 Max: 10.91
Current: 3.67
-0.27
10.91
ROC (Joel Greenblatt) (%) 25.88
LEG's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 702 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 11.86 vs. LEG: 25.88 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
LEG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 10.74  Med: 24.58 Max: 50.72
Current: 25.88
10.74
50.72
Revenue Growth (3Y)(%) 2.20
LEG's Revenue Growth (3Y)(%) is ranked lower than
51% of the 557 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.50 vs. LEG: 2.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
LEG' s 10-Year Revenue Growth (3Y)(%) Range
Min: -6.3  Med: 2.50 Max: 12.3
Current: 2.2
-6.3
12.3
EBITDA Growth (3Y)(%) 8.90
LEG's EBITDA Growth (3Y)(%) is ranked higher than
65% of the 454 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.70 vs. LEG: 8.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
LEG' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -13.3  Med: 3.20 Max: 18.6
Current: 8.9
-13.3
18.6
EPS Growth (3Y)(%) 14.20
LEG's EPS Growth (3Y)(%) is ranked higher than
68% of the 412 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.40 vs. LEG: 14.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
LEG' s 10-Year EPS Growth (3Y)(%) Range
Min: -35.5  Med: 6.90 Max: 52
Current: 14.2
-35.5
52
» LEG's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q3 2014

LEG Guru Trades in Q3 2014

Murray Stahl 33,800 sh (unchged)
Chuck Royce 16,103 sh (-47.72%)
» More
Q4 2014

LEG Guru Trades in Q4 2014

Ray Dalio 5,155 sh (New)
Paul Tudor Jones 8,400 sh (New)
Chuck Royce Sold Out
Murray Stahl 32,556 sh (-3.68%)
» More
Q1 2015

LEG Guru Trades in Q1 2015

Ray Dalio 5,355 sh (+3.88%)
Paul Tudor Jones Sold Out
Murray Stahl 28,956 sh (-11.06%)
» 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%)

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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

Ratios

vs
industry
vs
history
P/E(ttm) 59.85
LEG's P/E(ttm) is ranked lower than
83% of the 523 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 20.50 vs. LEG: 59.85 )
Ranked among companies with meaningful P/E(ttm) only.
LEG' s 10-Year P/E(ttm) Range
Min: 12.24  Med: 19.55 Max: 82.45
Current: 59.85
12.24
82.45
PE(NRI) 48.70
LEG's PE(NRI) is ranked lower than
80% of the 513 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 19.30 vs. LEG: 48.70 )
Ranked among companies with meaningful PE(NRI) only.
LEG' s 10-Year PE(NRI) Range
Min: 13.6  Med: 20.10 Max: 239.8
Current: 48.7
13.6
239.8
P/B 6.09
LEG's P/B is ranked lower than
85% of the 679 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.64 vs. LEG: 6.09 )
Ranked among companies with meaningful P/B only.
LEG' s 10-Year P/B Range
Min: 1.01  Med: 2.16 Max: 6.22
Current: 6.09
1.01
6.22
P/S 1.80
LEG's P/S is ranked lower than
68% of the 725 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.00 vs. LEG: 1.80 )
Ranked among companies with meaningful P/S only.
LEG' s 10-Year P/S Range
Min: 0.45  Med: 1.04 Max: 1.81
Current: 1.8
0.45
1.81
PFCF 20.89
LEG's PFCF is ranked higher than
56% of the 336 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 24.24 vs. LEG: 20.89 )
Ranked among companies with meaningful PFCF only.
LEG' s 10-Year PFCF Range
Min: 4.31  Med: 12.82 Max: 33.16
Current: 20.89
4.31
33.16
POCF 16.01
LEG's POCF is ranked lower than
52% of the 465 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 15.67 vs. LEG: 16.01 )
Ranked among companies with meaningful POCF only.
LEG' s 10-Year POCF Range
Min: 3.39  Med: 9.63 Max: 17.84
Current: 16.01
3.39
17.84
EV-to-EBIT 29.91
LEG's EV-to-EBIT is ranked lower than
76% of the 523 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 15.22 vs. LEG: 29.91 )
Ranked among companies with meaningful EV-to-EBIT only.
LEG' s 10-Year EV-to-EBIT Range
Min: 10.4  Med: 15.50 Max: 38.8
Current: 29.91
10.4
38.8
PEG 8.54
LEG's PEG is ranked lower than
83% of the 208 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.68 vs. LEG: 8.54 )
Ranked among companies with meaningful PEG only.
LEG' s 10-Year PEG Range
Min: 0.81  Med: 2.13 Max: 43.77
Current: 8.54
0.81
43.77
Shiller P/E 39.59
LEG's Shiller P/E is ranked lower than
73% of the 322 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 22.14 vs. LEG: 39.59 )
Ranked among companies with meaningful Shiller P/E only.
LEG' s 10-Year Shiller P/E Range
Min: 9.91  Med: 21.28 Max: 40.42
Current: 39.59
9.91
40.42
Current Ratio 1.48
LEG's Current Ratio is ranked lower than
72% of the 634 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.01 vs. LEG: 1.48 )
Ranked among companies with meaningful Current Ratio only.
LEG' s 10-Year Current Ratio Range
Min: 1.25  Med: 2.50 Max: 3.19
Current: 1.48
1.25
3.19
Quick Ratio 0.95
LEG's Quick Ratio is ranked lower than
66% of the 632 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.27 vs. LEG: 0.95 )
Ranked among companies with meaningful Quick Ratio only.
LEG' s 10-Year Quick Ratio Range
Min: 0.84  Med: 1.49 Max: 2.04
Current: 0.95
0.84
2.04
Days Inventory 59.46
LEG's Days Inventory is ranked higher than
75% of the 688 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 103.56 vs. LEG: 59.46 )
Ranked among companies with meaningful Days Inventory only.
LEG' s 10-Year Days Inventory Range
Min: 53.83  Med: 67.80 Max: 82.53
Current: 59.46
53.83
82.53
Days Sales Outstanding 44.85
LEG's Days Sales Outstanding is ranked higher than
56% of the 597 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 49.91 vs. LEG: 44.85 )
Ranked among companies with meaningful Days Sales Outstanding only.
LEG' s 10-Year Days Sales Outstanding Range
Min: 40.64  Med: 53.04 Max: 72.67
Current: 44.85
40.64
72.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.55
LEG's Dividend Yield is ranked higher than
61% of the 670 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.96 vs. LEG: 2.55 )
Ranked among companies with meaningful Dividend Yield only.
LEG' s 10-Year Dividend Yield Range
Min: 1.9  Med: 3.89 Max: 9.7
Current: 2.55
1.9
9.7
Dividend Payout 0.74
LEG's Dividend Payout is ranked lower than
80% of the 438 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 0.39 vs. LEG: 0.74 )
Ranked among companies with meaningful Dividend Payout only.
LEG' s 10-Year Dividend Payout Range
Min: 0.23  Med: 0.49 Max: 12.5
Current: 0.74
0.23
12.5
Dividend growth (3y) 3.50
LEG's Dividend growth (3y) is ranked higher than
55% of the 265 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.20 vs. LEG: 3.50 )
Ranked among companies with meaningful Dividend growth (3y) only.
LEG' s 10-Year Dividend growth (3y) Range
Min: 3.2  Med: 10.40 Max: 18.4
Current: 3.5
3.2
18.4
Yield on cost (5-Year) 3.04
LEG's Yield on cost (5-Year) is ranked higher than
67% of the 683 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 2.06 vs. LEG: 3.04 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
LEG' s 10-Year Yield on cost (5-Year) Range
Min: 2.27  Med: 4.64 Max: 11.58
Current: 3.04
2.27
11.58
Share Buyback Rate 0.90
LEG's Share Buyback Rate is ranked higher than
79% of the 393 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: -0.50 vs. LEG: 0.90 )
Ranked among companies with meaningful Share Buyback Rate only.
LEG' s 10-Year Share Buyback Rate Range
Min: 5.2  Med: 1.00 Max: -5.6
Current: 0.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 78.52
LEG's Price/Tangible Book is ranked lower than
99% of the 660 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.97 vs. LEG: 78.52 )
Ranked among companies with meaningful Price/Tangible Book only.
LEG' s 10-Year Price/Tangible Book Range
Min: 2.72  Med: 4.57 Max: 74.34
Current: 78.52
2.72
74.34
Price/Projected FCF 1.76
LEG's Price/Projected FCF is ranked lower than
61% of the 358 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.30 vs. LEG: 1.76 )
Ranked among companies with meaningful Price/Projected FCF only.
LEG' s 10-Year Price/Projected FCF Range
Min: 0.49  Med: 1.04 Max: 2.49
Current: 1.76
0.49
2.49
Price/Median PS Value 1.70
LEG's Price/Median PS Value is ranked lower than
69% of the 670 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.26 vs. LEG: 1.70 )
Ranked among companies with meaningful Price/Median PS Value only.
LEG' s 10-Year Price/Median PS Value Range
Min: 0.54  Med: 1.02 Max: 1.61
Current: 1.7
0.54
1.61
Price/Graham Number 12.55
LEG's Price/Graham Number is ranked lower than
96% of the 467 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 1.35 vs. LEG: 12.55 )
Ranked among companies with meaningful Price/Graham Number only.
LEG' s 10-Year Price/Graham Number Range
Min: 1.29  Med: 2.07 Max: 11.88
Current: 12.55
1.29
11.88
Earnings Yield (Greenblatt) (%) 3.37
LEG's Earnings Yield (Greenblatt) (%) is ranked lower than
58% of the 688 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 4.60 vs. LEG: 3.37 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
LEG' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 2.6  Med: 6.40 Max: 9.6
Current: 3.37
2.6
9.6
Forward Rate of Return (Yacktman) (%) 1.85
LEG's Forward Rate of Return (Yacktman) (%) is ranked lower than
56% of the 335 Companies
in the Global Home Furnishings & Fixtures industry.

( Industry Median: 5.25 vs. LEG: 1.85 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
LEG' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -17.2  Med: 10.70 Max: 30.5
Current: 1.85
-17.2
30.5

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 incorporated in 1901 and manufactures steel coil bedspring, conceives designs, produces engineered components, products for homes, offices, retail stores, automobiles & commercial aircraft. Its operating segments are Residential Furnishings; Commercial Fixturing & Components; Industrial Materials and Specialized Products. Residential Furnishings segment supplies components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. Its products include Innersprings, wire forms for mattress foundations in Bedding Group; steel mechanisms and hardware, springs & seat suspensions for chairs, sofas and love seats, Steel tubular seat frames, bed frames, ornamental beds, & top-of-bed accessories, adjustable beds for Furniture Group; structural fabrics for mattresses, residential furniture & industrial uses, Carpet underlay materials, Geo components for Fabric & Carpet Underlay Group. Its customers include manufacturers of finished bedding & upholstered furniture, retailers & distributors of adjustable & ornamental beds, and contracts, landscapers, and road construction companies among others. Commercial Fixturing & Components segment designs, produces, installs and manages the Company's customers' store fixtures projects. Its Office Furniture Components Group designs, manufactures, & distributes engineered components & products primarily for the office seating market. Its products include store fixture packages for retailers, including shelving, counters, showcases and garment racks, Standardized shelving used by large retailers, grocery stores & discount chains from Store Fixture Group; bases, columns, back rests, casters and frames for office chairs, & control devices that allow office chairs to tilt, swivel and elevate & private label finished furniture from Office Furniture Components Group. Its customers include retail chains & specialty shops, as well as institutional & commercial furniture manufacturers. The in Industrial Materials segment operates a steel rod mill with an annual output of approximately Wire Group 500,000 tons. It has four wire mills that supplies all the wire consumed by the Company's domestic businesses. Its steel Tubing business unit also supplies a portion of its internal needs for welded steel tubing. In addition to supporting Company's internal requirements, it supplies to external customers with wire and steel tubing products. Its products include steel rod, drawn wire, steel billets, & fabricated wire products from Wire Group; & welded steel tubing, fabricated tube components & titanium and nickel tubing for the aerospace industry from Tubing Group. Specialized Products segment designs, produces & sells components for automotive seating, specialized machinery & equipment, and service van interiors. Its products include manual & power lumbar support & massage systems for automotive seating, seat suspension systems, automotive control cables, l
» More Articles for LEG

Headlines

Articles On GuruFocus.com
Legacy Shareholders Approve Plan of Arrangement With Crescent Point Jun 30 2015 
Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy Oil + Gas Acquisition Jun 30 2015 
Leggett & Platt, Inc. (LEG) Dividend Stock Analysis Feb 04 2015 
Dividend Aristocrats In Focus Part 23: Leggett & Platt Oct 20 2014 
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 

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Q1 2015 Leggett & Platt Earnings Release - After Market Close Apr 30 2015
Will Leggett's (LEG) Earnings Disappoint Investors in Q1? - Analyst Blog Apr 27 2015
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