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LEG logo LEG
Upturn stock ratingUpturn stock rating
LEG logo

Leggett & Platt Incorporated (LEG)

Upturn stock ratingUpturn stock rating
$9.19
Last Close (24-hour delay)
Profit since last BUY-1.92%
upturn advisory
Consider higher Upturn Star rating
BUY since 29 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
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Upturn Advisory Summary

06/20/2025: LEG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Upturn Analyst’s Rating

rating

4 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Year Target Price $9.19

Analyst’s Price TargetsFor last 52 week
$10Target price
Low$6.44
Current$9.19
high$14.01

Analysis of Past Performance

Type Stock
Historic Profit -30.53%
Avg. Invested days 21
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/20/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.26B USD
Price to earnings Ratio -
1Y Target Price 10
Price to earnings Ratio -
1Y Target Price 10
Volume (30-day avg) 1871920
Beta 0.77
52 Weeks Range 6.44 - 14.01
Updated Date 06/26/2025
52 Weeks Range 6.44 - 14.01
Updated Date 06/26/2025
Dividends yield (FY) 2.18%
Basic EPS (TTM) -3.74

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 -
When -
Estimate -
Actual -

Profitability

Profit Margin -11.89%
Operating Margin (TTM) 6.15%

Management Effectiveness

Return on Assets (TTM) 3.44%
Return on Equity (TTM) -50.31%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 2933023748
Price to Sales(TTM) 0.29
Enterprise Value 2933023748
Price to Sales(TTM) 0.29
Enterprise Value to Revenue 0.68
Enterprise Value to EBITDA 63.99
Shares Outstanding 135144992
Shares Floating 132034839
Shares Outstanding 135144992
Shares Floating 132034839
Percent Insiders 2.38
Percent Institutions 79.56

Analyst Ratings

Rating 3
Target Price 10
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold 4
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Leggett & Platt Incorporated

stock logo

Company Overview

overview logo History and Background

Leggett & Platt was founded in 1883. Initially focused on bedsprings, it evolved into a diversified manufacturer of engineered components and products found in homes, offices, and transportation.

business area logo Core Business Areas

  • Bedding Products: Manufactures and distributes bedding components, including innersprings, specialty foams, private-label finished mattresses, mattress foundations, and adjustable beds.
  • Specialized Products: Produces products for the automotive, aerospace, and home furniture industries, including seat suspension systems, lumbar support systems, and furniture components.
  • Home Furniture: Designs, manufactures, and distributes a range of furniture for homes, including motion furniture, sofas, and recliners.

leadership logo Leadership and Structure

Mitch Dolloff is the CEO and President. The company operates with a decentralized organizational structure, comprised of various business units and divisions.

Top Products and Market Share

overview logo Key Offerings

  • Bedding Components (Innersprings): Leggett & Platt is a leading global supplier of innersprings for mattresses. Competitors include HSM Solutions, Carpenter Co., and Hickory Springs Manufacturing. Estimated market share in North America is around 40-50%.
  • Automotive Seat Suspension Systems: Provides seat suspension systems and lumbar support for automotive manufacturers. Competitors include Lear Corporation, Magna International, and Adient. Market share is significant, but varies by region and customer contracts. Data is not publicly available
  • Motion Furniture Mechanisms: Manufactures motion furniture mechanisms for recliners and sofas. Competitors include Pride Mobility Products Corp, and several smaller Asian manufacturers. Market Share is not publicly available.

Market Dynamics

industry overview logo Industry Overview

The industry is impacted by factors such as housing market trends, consumer spending, raw material costs, and automotive production levels.

Positioning

Leggett & Platt is a major player due to its diversified product portfolio, global presence, and long-standing customer relationships. Its competitive advantages include its engineering expertise and vertically integrated supply chain.

Total Addressable Market (TAM)

The TAM for the industries L&P serves is estimated to be in the tens of billions of dollars. L&P's position is well-established, with opportunities for growth through innovation and market expansion. Estimated TAM of bedding components is around $8-10 billion.

Upturn SWOT Analysis

Strengths

  • Diversified product portfolio
  • Strong market position in bedding components
  • Global manufacturing and distribution network
  • Engineering expertise and innovation capabilities
  • Long-standing customer relationships

Weaknesses

  • Sensitivity to economic cycles
  • Exposure to raw material price fluctuations
  • Dependence on key customers
  • Declining sales in Bedding Products
  • High Debt

Opportunities

  • Expansion into emerging markets
  • Development of new products and technologies
  • Acquisitions to broaden product portfolio
  • Growing demand for adjustable beds and smart home products
  • New construction and home remodeling

Threats

  • Intense competition
  • Changes in consumer preferences
  • Raw material price increases
  • Disruptions in supply chain
  • Economic downturns

Competitors and Market Share

competitor logo Key Competitors

  • TEMPUR SEALY INTERNATIONAL, INC. (TPX)
  • HSM Solutions (Private)
  • Lear Corporation (LEA)

Competitive Landscape

Leggett & Platt's strengths include its scale and diversified product portfolio. Its weaknesses include its exposure to economic cycles and competition from lower-cost manufacturers.

Major Acquisitions

Elite Comfort Solutions

  • Year: 2019
  • Acquisition Price (USD millions): 1250
  • Strategic Rationale: Expanded its presence in the specialty foam market.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been moderate, with periods of stronger growth driven by acquisitions and new product introductions.

Future Projections: Analyst estimates suggest moderate growth in the coming years, driven by cost cutting efforts and a stabilized economy. Predictions average around 3-5% revenue growth.

Recent Initiatives: Recent initiatives include focusing on innovation, cost reduction measures, and strategic acquisitions.

Summary

Leggett & Platt is a diversified manufacturer with a strong position in the bedding components market. While it benefits from its scale and diversified product portfolio, it faces challenges related to economic cycles and raw material costs. Recent initiatives to reduce costs are working, which should increase revenue. The company needs to watch out for raw material prices.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company reports (10-K, 10-Q), Investor presentations, Analyst reports, Market research reports

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Market data can change quickly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 17700

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.