LEG Stock Fair Value – Leggett & Platt Stock Report Shows Positive Investment Results
November 8, 2023
☀️Trending News
Leggett & Platt ($NYSE:LEG) (LEG) recently released its stock report, and the results show that it is a solid investment choice. The company has had a long history of success due to its ability to respond quickly to changing market trends and customer demand. The recently released stock report shows that LEG has managed to maintain a steady market share in the bedding industry, with sales increasing steadily over the past year. This is due in part to the company’s ability to offer high-quality products at competitive prices, as well as its commitment to innovation and customer service. The stock report also shows that LEG has managed to increase its dividend in the last year.
This indicates a level of financial stability and shows that the company is committed to rewarding shareholders. Overall, the stock report shows that Leggett & Platt is a good investment for investors looking for an established, reliable company with strong products and services. The company’s commitment to innovation and customer service is also reassuring, as it shows that they are committed to staying ahead of the competition and meeting customer needs. With the stock report showing positive results, investors should consider adding Leggett & Platt to their portfolio.
Price History
On Monday, Leggett & Platt’s stock opened at $23.8 and closed at $23.6, a decrease of 1.0% from its previous closing price of $23.8. Despite the slight dip in stock price, the overall trend of the stock has been positive, showing potential for further growth. Investors should look to Leggett & Platt as a reliable source of return on investment. Live Quote…
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% |
Analysis – LEG Stock Fair Value
GoodWhale has conducted a thorough analysis of the fundamental performance of Leggett & Platt, and have concluded that the intrinsic value of the stock is around $39.0. This value was obtained by using our proprietary Valuation Line, which takes into account multiple factors such as earnings, cash flow, and future growth potential. Presently, Leggett & Platt stock is being traded at $23.6, which is 39.5% lower than its intrinsic value. This implies that the stock is currently undervalued and presents a great opportunity for investors to profit from its long-term growth. Therefore, GoodWhale recommends investors take a closer look at Leggett & Platt shares. More…
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 Inc. (LEG) has a strong position as an industrial leader in the production of engineered components and products. Revenue for the company has grown steadily over the years, and its stock has appreciated in value, making it an attractive investment option. Analysts expect the company’s earnings to improve over the next few quarters as cost savings initiatives and higher demand from its key markets take hold. The company has also recently announced a new stock repurchase program, which will help to benefit shareholders.
Additionally, Leggett & Platt has been investing in research and development to create innovative products and technologies that can help to add value to its offerings. The company’s balance sheet remains strong with solid cash flow from operations and low debt levels. Overall, analysts recommend that investors consider adding Leggett & Platt to their portfolios as a long-term growth play with strong upside potential.
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