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Leggett & Platt Incorporated (LEG)



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Upturn Advisory Summary
08/14/2025: LEG (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $9.67
1 Year Target Price $9.67
0 | Strong Buy |
0 | Buy |
4 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -36.12% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.27B USD | Price to earnings Ratio 9.13 | 1Y Target Price 9.67 |
Price to earnings Ratio 9.13 | 1Y Target Price 9.67 | ||
Volume (30-day avg) 4 | Beta 0.72 | 52 Weeks Range 6.45 - 14.02 | Updated Date 08/15/2025 |
52 Weeks Range 6.45 - 14.02 | Updated Date 08/15/2025 | ||
Dividends yield (FY) 2.11% | Basic EPS (TTM) 1.03 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-30 | When Before Market | Estimate 0.3025 | Actual 0.3 |
Profitability
Profit Margin 3.36% | Operating Margin (TTM) 7.18% |
Management Effectiveness
Return on Assets (TTM) 4.12% | Return on Equity (TTM) 18.66% |
Valuation
Trailing PE 9.13 | Forward PE - | Enterprise Value 2859099108 | Price to Sales(TTM) 0.3 |
Enterprise Value 2859099108 | Price to Sales(TTM) 0.3 | ||
Enterprise Value to Revenue 0.67 | Enterprise Value to EBITDA 6.93 | Shares Outstanding 135351008 | Shares Floating 132305572 |
Shares Outstanding 135351008 | Shares Floating 132305572 | ||
Percent Insiders 2.38 | Percent Institutions 87.49 |
Upturn AI SWOT
Leggett & Platt Incorporated

Company Overview
History and Background
Leggett & Platt Incorporated was founded in 1883. Initially focused on bedsprings, it has grown through acquisitions and organic growth to become a diversified manufacturer of engineered components and products.
Core Business Areas
- Bedding Products: Manufactures components for bedding, including innersprings, specialty foams, and private-label finished mattresses.
- Specialized Products: Includes products for automotive, aerospace, and other industrial applications, such as lumbar support systems, fluid transfer components, and drawn steel wire.
- Furniture, Flooring & Textile Products: Supplies components for residential and commercial furniture, flooring underlayment, and textile products.
Leadership and Structure
The CEO is Mitch Dolloff. The company operates with a decentralized structure, with business units focusing on specific product categories.
Top Products and Market Share
Key Offerings
- Innerspring Components: Leggett & Platt is a leading global manufacturer of innerspring components used in mattresses. Market share is estimated around 35-40% in North America. Competitors include HSM Solutions and Carthage Bedding.
- Automotive Seating Components: Supplies lumbar support and actuation systems to automotive manufacturers. Market share varies by product line, but they are a significant player in this niche. Competitors include Magna International and Lear Corporation.
- Adjustable Bed Bases: Leggett & Platt is a major player in adjustable bed bases. Market share is estimated at 25-30% in North America. Competitors include Ergomotion and Reverie.
Market Dynamics
Industry Overview
The industries Leggett & Platt serves are mature but experience cyclical fluctuations based on consumer spending, housing markets, and automotive production.
Positioning
Leggett & Platt is positioned as a leading supplier of engineered components with a focus on innovation and cost efficiency. They have a strong global presence.
Total Addressable Market (TAM)
The total addressable market for Leggett & Platt's products is estimated to be in the tens of billions of dollars annually. L&P is well positioned in the markets it serves, with a large amount of the marketshare in each.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Strong market positions in key segments
- Global manufacturing footprint
- Established customer relationships
- Strong engineering capabilities
Weaknesses
- Exposure to cyclical industries
- Reliance on raw material prices
- Debt load
- Dependence on housing market for growth
Opportunities
- Expansion into new geographic markets
- Development of innovative products
- Acquisitions of complementary businesses
- Growth in emerging markets
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material costs
- Changes in consumer preferences
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- TEMPUR SEALY INTL INC (TPX)
- Steelcase Inc. (SCS)
- Flexsteel Inds. (FLXS)
Competitive Landscape
Leggett & Platt faces competition from both large diversified manufacturers and smaller specialized players. Their competitive advantage lies in their scale, breadth of product offerings, and established customer relationships.
Major Acquisitions
Elite Comfort Solutions
- Year: 2019
- Acquisition Price (USD millions): 1250
- Strategic Rationale: Expanded L&P's capabilities in specialty foam for bedding and furniture.
Growth Trajectory and Initiatives
Historical Growth: Historically, Leggett & Platt has grown through a combination of organic growth and acquisitions.
Future Projections: Analyst estimates suggest moderate revenue growth in the coming years, with improved profitability as raw material costs stabilize.
Recent Initiatives: Recent initiatives include cost reduction programs, investments in new technologies, and acquisitions in strategic growth areas.
Summary
Leggett & Platt is a diversified manufacturer with leading market positions, but faces cyclical pressures. Their strength lies in their product portfolio and global presence, but they need to manage raw material costs and debt effectively. The elevated dividend payout ratio raises concerns. They need to look out for continued slow economy pressures.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q), Analyst Reports, Market Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Leggett & Platt Incorporated
Exchange NYSE | Headquaters Carthage, MO, United States | ||
IPO Launch date 1987-11-05 | President, CEO & Chairman Mr. Karl G. Glassman | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 17700 | Website https://www.leggett.com |
Full time employees 17700 | Website https://www.leggett.com |
Leggett & Platt, Incorporated designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally. The company offers steel rod, drawn wire, innersprings, specialty foam chemicals and additives, for use in bedding and furniture, semi-finished mattresses, private label finished mattresses, pillows and toppers, static foundations, adjustable beds, machines to produce innersprings, industrial sewing and quilting machines, and mattress-packaging and glue-drying equipment to industrial users of steel rod and wire, manufacturers of finished bedding, bedding brands and mattress retailers, e-commerce retailers, big box retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile original equipment manufacturers (OEMs) and suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware; springs and seat suspensions; components and private label finished goods for soft seating; bases, columns, back rests, casters, and frames for office chairs and control devices; and carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components for manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, mattress and furniture producers, and manufacturers of draperies, specialty packaging, filtration, and automotive upholstery. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

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