Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. The company operates through four segments: Residential Furnishings, Commercial Products, Industrial Materials, and Specialized Products. The company was founded in 1883 and is based in Carthage, Missouri. The company was founded in 1980 and is based in Los Angeles, California.
LEG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Leggett & Platt Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Leggett & Platt Inc ranked in the 60th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 85.5%. In terms of the factors that were most noteworthy in this DCF analysis for LEG, they are:
Interest coverage, a measure of earnings relative to interest payments, is 5.57; that's higher than 65.53% of US stocks in the Consumer Cyclical sector that have positive free cash flow.
Leggett & Platt Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 11.16% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as LEG, try HOG, WSM, AMTY, FRGI, and BDL.
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Leggett & Platt Inc (LEG) Q1 2020 earnings call dated May 05, 2020 Corporate Participants: Wendy M. Watson — Vice President – Investor Relations Karl G. Glassman — Chairman and Chief Executive Officer J. Mitchell Dolloff — President and Chief Operating Officer, President – Bedding Products Jeffrey L. Tate — Executive Vice President – Chief Financial Officer Steven K. Henderson — Executive Vice President, President […]
In this article we will take a look at whether hedge funds think Leggett & Platt, Inc. (NYSE:LEG) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]