Leggett Platt Incorporated Stock Piotroski F Score

LEG Stock  USD 13.06  1.40  12.01%   
This module uses fundamental data of Leggett Platt to approximate its Piotroski F score. Leggett Platt F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Leggett Platt Incorporated. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Leggett Platt financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Leggett Platt Altman Z Score, Leggett Platt Correlation, Leggett Platt Valuation, as well as analyze Leggett Platt Alpha and Beta and Leggett Platt Hype Analysis.
  
At this time, Leggett Platt's Short Term Debt is most likely to increase significantly in the upcoming years. The Leggett Platt's current Short and Long Term Debt is estimated to increase to about 323.4 M, while Long Term Debt Total is projected to decrease to roughly 1.3 B. At this time, Leggett Platt's Free Cash Flow Yield is most likely to increase slightly in the upcoming years. The Leggett Platt's current Stock Based Compensation To Revenue is estimated to increase to 0.01, while Days Sales Outstanding is projected to decrease to 40.05.
At this time, it appears that Leggett Platt's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
8.0
Piotroski F Score - Strong
Current Return On Assets

Negative

Focus
Change in Return on Assets

Increased

Focus
Cash Flow Return on Assets

Positive

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

Increase

Focus

Leggett Platt Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Leggett Platt is to make sure Leggett is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Leggett Platt's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Leggett Platt's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.461.0196
Way Up
Slightly volatile
Gross Profit Margin0.250.1807
Significantly Up
Very volatile
Net Debt1.9 B1.8 B
Sufficiently Up
Slightly volatile
Total Current Liabilities1.3 B1.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalBB
Way Down
Slightly volatile
Total AssetsB4.6 B
Way Down
Slightly volatile
Total Current Assets1.3 B1.9 B
Way Down
Slightly volatile
Total Cash From Operating Activities408.8 M497.2 M
Significantly Down
Slightly volatile

Leggett Platt F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Leggett Platt's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Leggett Platt in a much-optimized way.

About Leggett Platt Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Common Stock Shares Outstanding

127.52 Million

At this time, Leggett Platt's Common Stock Shares Outstanding is most likely to decrease significantly in the upcoming years.

Leggett Platt ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Leggett Platt's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Leggett Platt's managers, analysts, and investors.
Environmental
Governance
Social

About Leggett Platt Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Leggett Platt Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Leggett Platt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Leggett Platt Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Currently Active Assets on Macroaxis

When determining whether Leggett Platt is a strong investment it is important to analyze Leggett Platt's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Leggett Platt. If investors know Leggett will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Leggett Platt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
1.02
Earnings Share
(6.01)
Revenue Per Share
32.414
Quarterly Revenue Growth
(0.06)
The market value of Leggett Platt is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.