$Leggett & Platt (LEG.US)$Specializing in spring mattresses ...
$Leggett & Platt (LEG.US)$They make spring mattresses and seats, with revenue growing for 4 years except for a 9.9% contraction in 2020, with an average growth rate of 5.5% over 5 years. Operating profit has slowly increased due to cost fluctuations, with an average growth rate of less than 1%, similar to net income. Interest expenses accounted for 16.9% of operating profit in 2022, with a moderate burden.
Revenue shrank by 8.4% in the first half of 2023, operating profit decreased by 40%, and net income decreased by 42%.
The asset-liability ratio has fluctuated from 65.7% to 68.4% over the past 5 years, and then dropped to 67.6% in 2023 Q2.
In 2020, inventory increased by 0.3 billion to reach 0.99 billion, then dropped back to 0.91 billion in 2022, which is still considered normal.
Goodwill and intangible assets are 2.12 billion, long-term borrowings are 2.016 billion, net assets are 1.669 billion, leverage is very high, and treasury stock is 1.867 billion.
For the past 5 years, cash flow from operating activities has been slightly higher than investing activities, with a small amount of shareholder earnings.
Currently, the PE ratio is 11, the PE ratio TTM has increased to 14.6, the dividend yield is 7.15%, and the dividend has been steadily and slowly increasing for decades, so it can be cautiously selected (⭐️).
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