$Leggett & Platt (LEG.US)$As of March 12, 2024, the current ...

New data: Q3 and Q4 of 2023, revenue, operating profit, and net income continue to shrink, with Q4 net income experiencing a significant loss due to special expenses.

In 2023, revenue shrank by 8.2%, operating profit shrank by 33.8%, and net income turned into a loss of 0.137 billion. However, even without this 0.41 billion special expense, the net income would be only around 0.19 billion.

This has led to a 5-year average net profit decline to 0.23 billion, corresponding to a PE of 11.4. Considering the dividend history, the PE ratio is still relatively normal. But considering that the performance of this stock is significantly weaker than the sector as a whole, it is now more appropriate to exit.