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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 : 6/10

vs
industry
vs
history
Cash to Debt 1956.11
LUK's Cash to Debt is ranked higher than
76% of the 624 Companies
in the Global Conglomerates industry.

( Industry Median: 1.01 vs. LUK: 1956.11 )
LUK' s 10-Year Cash to Debt Range
Min: 0.12   Max: No Debt
Current: 1956.11

Equity to Asset 0.21
LUK's Equity to Asset is ranked lower than
55% of the 522 Companies
in the Global Conglomerates industry.

( Industry Median: 0.50 vs. LUK: 0.21 )
LUK' s 10-Year Equity to Asset Range
Min: 0.19   Max: 0.74
Current: 0.21

0.19
0.74
Interest Coverage 4.15
LUK's Interest Coverage is ranked lower than
55% of the 376 Companies
in the Global Conglomerates industry.

( Industry Median: 22.37 vs. LUK: 4.15 )
LUK' s 10-Year Interest Coverage Range
Min: 0.1   Max: 14.36
Current: 4.15

0.1
14.36
F-Score: 5
Z-Score: 0.54
M-Score: 377.77
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 (%) 3.38
LUK's Operating margin (%) is ranked higher than
65% of the 522 Companies
in the Global Conglomerates industry.

( Industry Median: 5.39 vs. LUK: 3.38 )
LUK' s 10-Year Operating margin (%) Range
Min: -231.25   Max: 52.39
Current: 3.38

-231.25
52.39
Net-margin (%) 3.57
LUK's Net-margin (%) is ranked higher than
71% of the 524 Companies
in the Global Conglomerates industry.

( Industry Median: 3.98 vs. LUK: 3.57 )
LUK' s 10-Year Net-margin (%) Range
Min: -234.62   Max: 492.41
Current: 3.57

-234.62
492.41
ROE (%) 3.69
LUK's ROE (%) is ranked higher than
71% of the 595 Companies
in the Global Conglomerates industry.

( Industry Median: 3.72 vs. LUK: 3.69 )
LUK' s 10-Year ROE (%) Range
Min: -94.72   Max: 44.68
Current: 3.69

-94.72
44.68
ROA (%) 0.78
LUK's ROA (%) is ranked higher than
65% of the 612 Companies
in the Global Conglomerates industry.

( Industry Median: 1.70 vs. LUK: 0.78 )
LUK' s 10-Year ROA (%) Range
Min: -48.77   Max: 31.1
Current: 0.78

-48.77
31.1
ROC (Joel Greenblatt) (%) 39.85
LUK's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 550 Companies
in the Global Conglomerates industry.

( Industry Median: 9.65 vs. LUK: 39.85 )
LUK' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -676.28   Max: 155.08
Current: 39.85

-676.28
155.08
Revenue Growth (%) 84.90
LUK's Revenue Growth (%) is ranked higher than
98% of the 386 Companies
in the Global Conglomerates industry.

( Industry Median: 5.90 vs. LUK: 84.90 )
LUK' s 10-Year Revenue Growth (%) Range
Min: -48.1   Max: 155
Current: 84.9

-48.1
155
EBITDA Growth (%) -6.00
LUK's EBITDA Growth (%) is ranked higher than
68% of the 357 Companies
in the Global Conglomerates industry.

( Industry Median: 3.60 vs. LUK: -6.00 )
LUK' s 10-Year EBITDA Growth (%) Range
Min: -42.9   Max: 115.9
Current: -6

-42.9
115.9
EPS Growth (%) -48.40
LUK's EPS Growth (%) is ranked lower than
52% of the 314 Companies
in the Global Conglomerates industry.

( Industry Median: 6.90 vs. LUK: -48.40 )
LUK' s 10-Year EPS Growth (%) Range
Min: -48.4   Max: 80.4
Current: -48.4

-48.4
80.4
» LUK's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2013

LUK Guru Trades in Q1 2013

Jean-Marie Eveillard 20,000 sh (New)
Ron Baron 724,613 sh (New)
Paul Tudor Jones 16,300 sh (New)
Tweedy Browne 1,007,168 sh (+44.66%)
Jim Simons 1,802,789 sh (+22.98%)
Jeremy Grantham 54,800 sh (+13.93%)
Murray Stahl 9,918,216 sh (+12.8%)
Chuck Akre 2,000,000 sh (+11.11%)
Third Avenue Management 5,915,248 sh (+10.4%)
Bruce Berkowitz 18,770,478 sh (+4.72%)
Chuck Royce 542,451 sh (+3.53%)
Tom Gayner 745,033 sh (unchged)
Columbia Wanger 3,249,500 sh (unchged)
Ruane Cunniff 16,471 sh (unchged)
Fairholme Fund 12,229,050 sh (unchged)
Zeke Ashton Sold Out
Donald Yacktman Sold Out
Whitney Tilson Sold Out
Tom Russo 19,100 sh (-17.14%)
» More
Q2 2013

LUK Guru Trades in Q2 2013

Ray Dalio 58,500 sh (New)
Steven Cohen 110,759 sh (New)
Paul Tudor Jones 47,600 sh (+192.02%)
Jeremy Grantham 75,000 sh (+36.86%)
Murray Stahl 9,953,934 sh (+0.36%)
Chuck Akre 2,000,000 sh (unchged)
Jean-Marie Eveillard 20,000 sh (unchged)
Tom Russo 19,100 sh (unchged)
Columbia Wanger 3,249,500 sh (unchged)
Ruane Cunniff 16,471 sh (unchged)
Fairholme Fund 12,229,050 sh (unchged)
Bruce Berkowitz 18,664,999 sh (-0.56%)
Third Avenue Management 5,800,507 sh (-1.94%)
Tom Gayner 716,933 sh (-3.77%)
Tweedy Browne 953,769 sh (-5.3%)
Chuck Royce 445,551 sh (-17.86%)
Ron Baron 529,762 sh (-26.89%)
Jim Simons 950,989 sh (-47.25%)
» More
Q3 2013

LUK Guru Trades in Q3 2013

Chuck Royce 445,551 sh (unchged)
Ruane Cunniff 16,471 sh (unchged)
Columbia Wanger 3,249,500 sh (unchged)
Chuck Akre 2,000,000 sh (unchged)
Tweedy Browne 953,769 sh (unchged)
Fairholme Fund 12,229,050 sh (unchged)
Ray Dalio Sold Out
Jean-Marie Eveillard Sold Out
Ron Baron 528,997 sh (-0.14%)
Bruce Berkowitz 18,604,766 sh (-0.32%)
Murray Stahl 9,865,779 sh (-0.89%)
Third Avenue Management 5,637,890 sh (-2.8%)
Jeremy Grantham 72,500 sh (-3.33%)
Tom Russo 18,100 sh (-5.24%)
Jim Simons 861,989 sh (-9.36%)
Tom Gayner 390,433 sh (-45.54%)
Paul Tudor Jones 11,500 sh (-75.84%)
Steven Cohen 8,435 sh (-92.38%)
» More
Q4 2013

LUK Guru Trades in Q4 2013

George Soros 4,282,343 sh (New)
Jean-Marie Eveillard 20,000 sh (New)
Steven Cohen 61,153 sh (+624.99%)
Paul Tudor Jones 31,854 sh (+176.99%)
Third Avenue Management 5,902,658 sh (+4.7%)
Jeremy Grantham 73,600 sh (+1.52%)
Ruane Cunniff 16,471 sh (unchged)
Chuck Akre 2,000,000 sh (unchged)
Chuck Royce 445,551 sh (unchged)
Fairholme Fund 12,229,050 sh (unchged)
Tom Russo Sold Out
Tom Gayner Sold Out
Bruce Berkowitz 17,957,927 sh (-3.48%)
Columbia Wanger 3,101,500 sh (-4.55%)
Murray Stahl 9,010,741 sh (-8.67%)
Ron Baron 422,370 sh (-20.16%)
Tweedy Browne 629,101 sh (-34.04%)
Jim Simons 421,789 sh (-51.07%)
» More
» Details

Insider Trades

Latest Guru Trades with LUK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2013-12-31 New Buy1%$27.1 - $29.48 $ 26.25-7%4282343
Tom Gayner 2013-12-31 Sold Out 0.36%$27.1 - $29.48 $ 26.25-7%0
Tweedy Browne 2013-12-31 Reduce -34.04%0.21%$27.1 - $29.48 $ 26.25-7%629101
Bruce Berkowitz 2013-12-31 Reduce -3.48%0.21%$27.1 - $29.48 $ 26.25-7%17957927
Ron Baron 2013-12-31 Reduce -20.16%0.01%$27.1 - $29.48 $ 26.25-7%422370
Jean-Marie Eveillard 2013-12-31 New Buy$27.1 - $29.48 $ 26.25-7%20000
Tom Gayner 2013-09-30 Reduce -45.54%0.31%$24.9 - $28.3 $ 26.25-2%390433
Ray Dalio 2013-09-30 Sold Out 0.01%$24.9 - $28.3 $ 26.25-2%0
Jean-Marie Eveillard 2013-09-30 Sold Out $24.9 - $28.3 $ 26.25-2%0
Ron Baron 2013-06-30 Reduce -26.89%0.03%$24.93 - $32.2 $ 26.25-11%529762
Ray Dalio 2013-06-30 New Buy0.01%$24.93 - $32.2 $ 26.25-11%58500
Chuck Akre 2013-03-31 Add 11.11%0.31%$23.145 - $27.43 $ 26.253%2000000
Bruce Berkowitz 2013-03-31 Add 4.72%0.3%$23.145 - $27.43 $ 26.253%18770478
Tweedy Browne 2013-03-31 Add 44.66%0.22%$23.145 - $27.43 $ 26.253%1007168
Ron Baron 2013-03-31 New Buy0.11%$23.145 - $27.43 $ 26.253%724613
Donald Yacktman 2013-03-31 Sold Out 0.0021%$23.145 - $27.43 $ 26.253%0
Jean-Marie Eveillard 2013-03-31 New Buy$23.145 - $27.43 $ 26.253%20000
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Leucadia National Corp

Horizon Kinetics Comments on Leucadia National - Oct 18, 2012

From the third quarter commentary of Murray Stahl's Horizon Kinetics:

Leucadia National (LUK), under the management of Ian Cumming and Joseph Steinberg, who collectively own 19% of the shares, has one of the best records of value creation among publicly traded U.S. companies. Over the course of the 32 years from 1979 through 2011, the Leucadia book value per share, inclusive of a special dividend paid out some years ago, has expanded by 18.5% per year, and the share price by 19.8% per year. As a basis for comparison, the total return on the S&P 500 during the period was 7.6% per year. That is the difference between $1,000 becoming $299,000 or $10,400. This is an almost unmatched record. We believe Leucadia is a well diversified, well capitalized, profitable company with the same management in place that created this history. The shares, should you want them, trade below book value, which is to say below accounting liquidation value, which as of the most recent financial statement was $24.92. A low valuation is one of the better predictive attributes and is particularly compelling when combined, as in the case of Leucadia National, with proven owner-operators.
Check out Murray Stahl latest stock trades

Top Ranked Articles about Leucadia National Corp

Analysis of Guru Companies: Ian Cumming, Leucadia National
So far I covered the companies run by Warren Buffett (Berkshire Hathaway)(BRK.A) and Carl Icahn (Icahn Enterprises)(IEP). The next stock I am discussing is Leucadia National (LUK), led by the investing of Ian Cumming. Read more...
Berkowitz: 'It Doesn’t Pay to Bet Against America' – Low P/E Stocks
In his July 2013 letter to shareholders, Bruce Berkowitz demonstrated his signature communication gift, to explain-inspire at the same time. Guru Berkowitz wrote: “Eighty-five percent of net assets are invested in AIG, Bank of America, and others damaged by our country’s residential real estate bubble. We bought when most thought them dead. Clearly, they were not and we helped prove the point. Our initial investments reaffirmed a deeply held – and historically profitable – belief that it doesn’t pay to bet against America.” Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 20.80
LUK's P/E(ttm) is ranked higher than
55% of the 409 Companies
in the Global Conglomerates industry.

( Industry Median: 13.40 vs. LUK: 20.80 )
LUK' s 10-Year P/E(ttm) Range
Min: 2.88   Max: 331
Current: 20.8

2.88
331
P/B 0.90
LUK's P/B is ranked higher than
71% of the 570 Companies
in the Global Conglomerates industry.

( Industry Median: 1.10 vs. LUK: 0.90 )
LUK' s 10-Year P/B Range
Min: 0.57   Max: 2.38
Current: 0.9

0.57
2.38
P/S 0.90
LUK's P/S is ranked higher than
64% of the 546 Companies
in the Global Conglomerates industry.

( Industry Median: 1.00 vs. LUK: 0.90 )
LUK' s 10-Year P/S Range
Min: 0.62   Max: 22
Current: 0.9

0.62
22
PFCF 20.10
LUK's PFCF is ranked higher than
57% of the 274 Companies
in the Global Conglomerates industry.

( Industry Median: 16.23 vs. LUK: 20.10 )
LUK' s 10-Year PFCF Range
Min: 7.42   Max: 312.99
Current: 20.1

7.42
312.99
EV-to-EBIT 166.70
LUK's EV-to-EBIT is ranked lower than
73% of the 440 Companies
in the Global Conglomerates industry.

( Industry Median: 15.63 vs. LUK: 166.70 )
LUK' s 10-Year EV-to-EBIT Range
Min: 1   Max: 108.3
Current: 166.7

1
108.3
Shiller P/E 43.80
LUK's Shiller P/E is ranked lower than
56% of the 217 Companies
in the Global Conglomerates industry.

( Industry Median: 16.07 vs. LUK: 43.80 )
LUK' s 10-Year Shiller P/E Range
Min: 6.19   Max: 350.51
Current: 43.8

6.19
350.51

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.00
LUK's Dividend Yield is ranked lower than
77% of the 395 Companies
in the Global Conglomerates industry.

( Industry Median: 2.10 vs. LUK: 1.00 )
LUK' s 10-Year Dividend Yield Range
Min: 0.48   Max: 1.65
Current: 1

0.48
1.65
Dividend Payout 0.24
LUK's Dividend Payout is ranked higher than
65% of the 318 Companies
in the Global Conglomerates industry.

( Industry Median: 0.23 vs. LUK: 0.24 )
LUK' s 10-Year Dividend Payout Range
Min: 0.02   Max: 2.5
Current: 0.24

0.02
2.5
Yield on cost (5-Year) 1.00
LUK's Yield on cost (5-Year) is ranked lower than
79% of the 406 Companies
in the Global Conglomerates industry.

( Industry Median: 2.29 vs. LUK: 1.00 )
LUK' s 10-Year Yield on cost (5-Year) Range
Min: 0.48   Max: 1.65
Current: 1

0.48
1.65
Share Buyback Rate -11.10
LUK's Share Buyback Rate is ranked higher than
59% of the 329 Companies
in the Global Conglomerates industry.

( Industry Median: -1.20 vs. LUK: -11.10 )
LUK' s 10-Year Share Buyback Rate Range
Min: 4.2   Max: -11.1
Current: -11.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.30
LUK's Price/Tangible Book is ranked higher than
64% of the 540 Companies
in the Global Conglomerates industry.

( Industry Median: 1.30 vs. LUK: 1.30 )
LUK' s 10-Year Price/Tangible Book Range
Min: 0.96   Max: 2.15
Current: 1.3

0.96
2.15
Price/DCF (Projected) 0.90
LUK's Price/DCF (Projected) is ranked higher than
71% of the 232 Companies
in the Global Conglomerates industry.

( Industry Median: 0.90 vs. LUK: 0.90 )
LUK' s 10-Year Price/DCF (Projected) Range
Min: 0.88   Max: 13.85
Current: 0.9

0.88
13.85
Price/Median PS Value 0.20
LUK's Price/Median PS Value is ranked higher than
99% of the 478 Companies
in the Global Conglomerates industry.

( Industry Median: 1.00 vs. LUK: 0.20 )
LUK' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 3.52
Current: 0.2

0.11
3.52
Price/Graham Number 1.20
LUK's Price/Graham Number is ranked higher than
52% of the 388 Companies
in the Global Conglomerates industry.

( Industry Median: 0.80 vs. LUK: 1.20 )
LUK' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 4.33
Current: 1.2

0.4
4.33
Earnings Yield (Greenblatt) 0.60
LUK's Earnings Yield (Greenblatt) is ranked lower than
66% of the 449 Companies
in the Global Conglomerates industry.

( Industry Median: 6.30 vs. LUK: 0.60 )
LUK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.6   Max: 17046.5
Current: 0.6

0.6
17046.5
Forward Rate of Return (Yacktman) 1.44
LUK's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 326 Companies
in the Global Conglomerates industry.

( Industry Median: 4.27 vs. LUK: 1.44 )
LUK' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -3.1   Max: 0.4
Current: 1.44

-3.1
0.4

Business Description

Industry: Conglomerates » Conglomerates
Compare:SI, JSHLY, MSBHY, SVNDY, MITSY » details
Traded in other countries:LN3.Germany
Leucadia National Corporation is a New York corporation organized in 1968. The Company, through its subsidiaries, invests in beef processing, manufacturing, telecommunications, gaming, real estate, energy, medical product development, and winery operations. The Company, through National Beef Packing Company, LLC, processes, packages and delivers fresh and frozen beef and beef by-products for sale to customers in the U.S. and international markets. Its manufacturing operations are conducted through Idaho Timber, LLC and Conwed Plastics, LLC. Idaho Timber remanufactures dimension lumber and remanufactures, packages and/or produces other specialized wood products. Conwed Plastics manufactures and markets lightweight plastic netting used for a variety of purposes including, among other things, building and construction, erosion control, packaging, agricultural, carpet padding, filtration and consumer products. The Company's gaming entertainment operations are conducted through Premier Entertainment Biloxi LLC, which is the owner of the Hard Rock Hotel & Casino Biloxi, located in Biloxi, Mississippi. The domestic real estate operations include a mixture of commercial properties, residential land development projects and other unimproved land. The Company's medical product development operations are conducted through Sangart, Inc. Sangart is developing a product called MP4OX, which is a solution of cell-free hemoglobin administered intravenously to provide rapid oxygen delivery to oxygen deprived tissues. Further, it also operates in the commercial mortgage origination and servicing business.

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