Added to YB: 2025-04-22
Pitch date: 2025-04-18
LEG [neutral]
Leggett & Platt, Incorporated
+51.02%
current return
Author Info
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Company Info
Leggett & Platt, Incorporated, together with its subsidiaries, designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.
Market Cap
$1.3B
Pitch Price
$6.65
Price Target
34.35 (+242%)
Dividend
2.13%
EV/EBITDA
5.61
P/E
5.86
EV/Sales
0.61
Sector
Household Durables
Category
turnaround
A Forgotten Giant Quietly Restructuring | First Look - Leggett & Platt, Incorporated
LEG (doesn't own): $6.85 stock everyone's written off. Revenue decline, margin erosion, dividend eliminated. But mgmt cutting $65M costs, selling non-core assets, freeing $220M cash from dividend cut, paying down debt. Aerospace sale in 2025 brings $240M. Still has 4.75x debt/EBITDA. Millennial housing tailwind coming. 9% FCF margin = $349M potential FCF (12x = $4.19B val).
Read full article (4 min)