LEG dividend calculator – Leggett & Platt’s 8% Yield Attractive, But These 8% Yielding Dividend Aristocrats Offer Even Better Value
December 8, 2023
☀️Trending News
Leggett & Platt ($NYSE:LEG) is a global manufacturer that produces a variety of components for bedding, furniture, adjustable bases, and other household products. With a long history of consistent dividend growth and a current yield of 8%, investors have been attracted to the stock as an attractive income investment. Yet, there are other 8% yielding companies known as Dividend Aristocrats that could offer even better value. Not only do these investments offer the potential for capital appreciation, but they also provide a steady stream of income through their dividends. As such, investors may find that these 8% yielding Aristocrats provide a more reliable way to generate returns than Leggett & Platt.
Moreover, Dividend Aristocrats are generally well-established businesses with strong balance sheets and long track records of success. As such, they are likely to remain viable investments, even during times of market volatility. In contrast, Leggett & Platt may be more vulnerable to market downturns, which could cause its share price to suffer significantly. Not only do these companies provide a safe and reliable source of income, but they also have a history of success that makes them more resilient in the face of market volatility.
Analysis – LEG Stock Intrinsic Value
At GoodWhale, we believe in providing comprehensive and insightful analysis into the wellbeing of companies. We are pleased to share our analysis of Leggett & Platt stock. Our proprietary Valuation Line has determined the fair value of Leggett & Platt stock to be around $38.5. However, the current trading price of Leggett & Platt stock is only $26.1, undervalued by 32.1%. This discrepancy suggests that investors should consider buying Leggett & Platt stock to take advantage of the potential upside. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LEG. More…
| Total Revenues | Net Income | Net Margin |
| 4.81k | 213.3 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LEG. More…
| Operations | Investing | Financing |
| 598.2 | -133 | -412.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LEG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.08k | 3.44k | 12.51 |
Key Ratios Snapshot
Some of the financial key ratios for LEG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.2% | -5.5% | 7.7% |
| FCF Margin | ROE | ROA |
| 9.8% | 13.8% | 4.5% |
Peers
The company operates in 19 countries and sells its products to customers in more than 130 countries. Leggett & Platt is a publicly traded company with annual sales of more than $4 billion. The company has more than 30,000 employees. Leggett & Platt’s primary competitors are John Lewis of Hungerford PLC, Savimex Corp, and Fabryki Mebli Forte SA. Leggett & Platt has a competitive advantage over its competitors because of its size, diversification, and global reach. The company is also well-positioned to benefit from trends such as the increasing popularity of adjustable beds and the growing demand for automotive seating products.
– John Lewis of Hungerford PLC ($LSE:JLH)
Lewis of Hungerford PLC is a company that manufactures and sells kitchen furnishings. As of 2022, it has a market capitalization of 2.61 million GBP and a return on equity of 35.66%. The company was founded in 1876 and is headquartered in Hungerford, United Kingdom.
– Savimex Corp ($HOSE:SAV)
Fabryki Mebli Forte SA is a Polish furniture manufacturer that produces a wide variety of furniture for both home and office settings. The company has a market capitalization of 445.11M as of 2022 and a return on equity of 10.25%. Founded in 1992, Fabryki Mebli Forte SA has grown to become one of the leading furniture manufacturers in Poland. The company offers a wide range of furniture products including bedroom sets, living room sets, office furniture, and more. Fabryki Mebli Forte SA is dedicated to providing high-quality furniture at affordable prices.
Summary
Leggett & Platt is a highly regarded company in the investing world, with its 8% dividend yield proving especially attractive to investors. These stocks may offer yields of up to 8% or higher, so investors looking for income should research this sector as well. Furthermore, analyzing a company’s fundamentals such as financial statements, dividend history, and management can help investors determine which stocks offer the best overall value. Lastly, assessing the macroeconomic environment and potential risks involved can help investors make informed decisions when it comes to investing in dividend-paying stocks.
