Leggett & Platt

Download as pptx, pdf

1 like164 views

This document provides a financial analysis of Leggett & Platt, a manufacturer of steel coils and bed springs. It outlines the company's history from 1883 to present day, including financial milestones like going public in 1967. Charts show stock prices increasing steadily from 2003-2013. The strategic direction section indicates plans to improve margins, returns and grow the business by divesting underperformers. Financial ratios for profitability, efficiency, liquidity and solvency are provided for Leggett & Platt and compared to industry averages, showing the company has lower margins and returns but less debt than competitors on average. The document questions whether one should invest in Leggett & Platt based on this financial analysis.

History
 1883: Leggett invents the first steel-
coiled bed spring
 1895: First L&P factory created
 1901: Company becomes Incorporated
 1967: Company goes Public
 1971: Listed on NASDQE
 1979: Listed on NYSE

Steel-Coiled
Bed Spring
The first steel-coiled
bed spring was
patented in 1885

Financial Success
 1990: Earned more than 1 billion in sales
 1998: Included in the Fortune 500
Companies
 1999: Added to the S&P Index
 2013: Dividend Aristocrats

27.5
24.3 24.4
17.6
12.5
19.6
23.6
22.0
30.7
32.8 33.4
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
D
o
l
l
a
r
s
April 2003-April 2013
Leggett & Platt 10 Year Stock Prices
$1 Per Share

Strategic Direction
 Divest or fix low-performing
businesses
 Return more cash to investors
 Improve Margins
 Improve ROI
 Grow the company

Current Financial Data
 Balance Sheets
 Statement of Cash Flows
 Financial Ratios

Efficiency Ratios
AR
Turnover
Inventory
Turnover
Asset
Turnover

Solvency Ratios
Debt Ratio
Debt to Equity Ratio
Times Interest Ratio
Free Cash Flow

Industry Comparison
Leggett & Platt
ROS = 5%
ROA = 6%
ROE =13%
GPM =18%
ART = 7.4
IT = 6.8
AT = 1.2
CR = 2.1
DR = 55%
DTE = 2.1
TIE = 7.2
FCF = 253.90
Average Industry
ROS = 5%
ROA = 6%
ROE =5%
GPM =27%
ART = 14.4
IT = 7
AT = 1.3
CR = 1.8
DR = 61%
DTE = 8.8
TIE = 9.2
FCF = 1884.7

AT&T is hosting a Cleveland Cavaliers playoff pep rally at its Woodmere store on April 20th from noon to 1pm. The Cavalier Girls, Scream Team, and Sir C.C. will be in attendance to pump up Cavs fans for the team's next playoff game in Indianapolis. Attendees can win Cavs merchandise, AT&T gift cards, and even tickets to a playoff game. AT&T provides mobile, internet, pay TV, and other services across the US and internationally.

JLL Pittsburgh Industrial Insight & Statistics - Q4 201ittTobiah Bilski

��

The Q4 2017 Industrial Insight report highlights positive absorption trends and a decline in vacancy rates in Pittsburgh's industrial real estate, ending the year at a five-year low of 8.4%. While the market primarily sees smaller deals, there is a notable shift towards larger developments due to the influence of e-commerce, with new warehouses being constructed to meet this demand. The outlook indicates that increased production in the coal and natural gas sectors may drive further growth in the region, especially in line with the expanding petrochemical industry.

December 2015 The Woodlands Texas market reportDebra Wymore

��

Online equity tipsRiya jain

��

The market rose, with indices hitting record highs due to falling crude oil prices and expectations of interest rate cuts from RBI, with Nifty surpassing 8700. Support is seen around 8600-8550, and volatility is anticipated ahead of the RBI policy announcement. Major transactions include Ultratech raising $1.2 billion for asset acquisition and the Supreme Court directing a re-auction of DLF's land parcel.

Listed Equity REITs and Stocks: Income and Capital AppreciationBrad Case, PhD, CFA, CAIA

��

The document presents data on investment returns from January 1990 to July 2017, comparing the MSCI All-Country World Stock Index, FTSE EPRA/NAREIT Developed Real Estate Index, and S&P 500. It highlights the importance of dividends in total returns and provides cumulative capital gains and dividends with reinvestment over the specified time period. The analysis is based on monthly total returns and price appreciation.

Wachovia wells fargo presentation Jian Arthur Guan, Jan Lam Wong, and Tip Piu...Arthur Guan

��

The document summarizes the analysis and rationale for Wells Fargo's acquisition of Wachovia in 2008. It outlines the synergies calculated from operational cost savings and tax benefits totaling $27.91 billion. The exchange ratio calculation showed initial dilution for Wachovia shareholders but accretion when synergies are considered. Post-merger performance data and analyst commentary indicate the acquisition helped both banks survive the financial crisis.

Presentation5 nunliniNunlini

��

What is Assistive technology ?AdjustableBed.TV 1-800-993-1012

��

Assistive technology aids individuals with disabilities in performing tasks that may be difficult or impossible without it, including mobility devices like walkers, wheelchairs, and adjustable beds. These technologies are particularly beneficial in healthcare, enhancing the quality of life for elderly or disabled patients by providing comfort and improved mobility. Adjustable beds are highlighted as essential in home healthcare, offering customizable positions for various medical needs.

2024 Trend Updates: What Really Works In SEO & Content MarketingSearch Engine Journal

��

The document outlines key SEO and content marketing trends for 2024, emphasizing the impact of AI, the importance of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness), and a shift towards user-centric content strategies. It advises against focusing on outdated trends like voice search and stresses the need for creating value-driven, authoritative content. Additionally, it highlights the need to leverage AI as a supportive tool rather than relying solely on it for content creation.

Storytelling For The Web: Integrate Storytelling in your Design ProcessChiara Aliotta

��

The document outlines a livestream presentation by Chiara Aliotta on integrating storytelling into web design to enhance user experiences. It covers the storytelling process for designers, emphasizing aspects such as understanding the audience, structuring narratives, and creating emotional connections. The presentation also includes case studies and practical examples to demonstrate effective storytelling in UX/UI design.

Artificial Intelligence, Data and Competition – SCHREPEL – June 2024 OECD dis...OECD Directorate for Financial and Enterprise Affairs

��

This presentation by Thibault Schrepel, Associate Professor of Law at Vrije Universiteit Amsterdam University, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp. This presentation was uploaded with the author’s consent.

How to Leverage AI to Boost Employee Wellness - Lydia Di Francesco - SocialHR...SocialHRCamp

��

The document discusses leveraging AI to enhance employee wellness through data analytics, automating tasks, and personalized wellness apps, emphasizing the shared responsibility of employee well-being between leaders and organizations. It outlines best practices for using AI in wellness strategies, including ensuring data privacy and security, understanding employee needs, and promoting inclusivity. Lydia Di Francesco, a wellness specialist, shares insights to optimize workplace wellness strategy using AI-driven data analytics and encourages collaboration and transparency.

2024 State of Marketing Report – by HubspotMarius Sescu

��

The State of Marketing 2024 report highlights the transformative impact of AI and automation, emphasizing the importance of personalization and engagement to drive growth in a competitive landscape. Marketers are focusing on optimizing budgets, leveraging social media for brand awareness, and utilizing AI tools to enhance efficiency across tasks. Key trends for 2024 include the rise of experiential marketing, content creation that meets user needs, and strengthened connections through personalized customer experiences.

Everything You Need To Know About ChatGPTExpeed Software

��

ChatGPT is an AI chatbot developed by OpenAI, built on advanced language models to facilitate human-like conversational interactions. Launched in November 2022, it utilizes a transformer architecture to understand and generate text, with applications ranging from content creation to customer service. Despite its capabilities, there are concerns about potential misuse and biases in its responses, which OpenAI aims to mitigate through moderation and user feedback.

Product Design Trends in 2024 | Teenage EngineeringsPixeldarts

��

How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow

��

The November 2023 mental health report indicates that 70% of respondents rate their mental health as 'good' or 'excellent,' with higher diagnoses reported among African Americans and non-Hispanic whites compared to Hispanics and Asians. Younger generations, particularly Gen Z and millennials, are more likely to experience mental health challenges, seek information online, and report that their mental health impacts their work and relationships. Half of the respondents feel comfortable discussing their mental health with professionals, although Gen Z shows the least comfort in this area.

AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork

��

Creative operations teams expect increased AI use in 2024. Currently, over half of tasks are not AI-enabled, but this is expected to decrease in the coming year. ChatGPT is the most popular AI tool currently. Business leaders are more actively exploring AI benefits than individual contributors. Most respondents do not believe AI will impact workforce size in 2024. However, some inhibitions still exist around AI accuracy and lack of understanding. Creatives primarily want to use AI to save time on mundane tasks and boost productivity.

Skeleton Culture CodeSkeleton Technologies

��

Organizational culture includes values, norms, systems, symbols, language, assumptions, beliefs, and habits that influence employee behaviors and how people interpret those behaviors. It is important because culture can help or hinder a company's success. Some key aspects of Netflix's culture that help it achieve results include hiring smartly so every position has stars, focusing on attitude over just aptitude, and having a strict policy against peacocks, whiners, and jerks.

PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley

��

PepsiCo provided a safe harbor statement noting that any forward-looking statements are based on currently available information and are subject to risks and uncertainties. It also provided information on non-GAAP measures and directing readers to its website for disclosure and reconciliation. The document then discussed PepsiCo's business overview, including that it is a global beverage and convenient food company with iconic brands, $91 billion in net revenue in 2023, and nearly $14 billion in core operating profit. It operates through a divisional structure with a focus on local consumers.

Content Methodology: A Best Practices Report (Webinar)contently

��

This document provides an overview of content methodology best practices. It defines content methodology as establishing objectives, KPIs, and a culture of continuous learning and iteration. An effective methodology focuses on connecting with audiences, creating optimal content, and optimizing processes. It also discusses why a methodology is needed due to the competitive landscape, proliferation of channels, and opportunities for improvement. Components of an effective methodology include defining objectives and KPIs, audience analysis, identifying opportunities, and evaluating resources. The document concludes with recommendations around creating a content plan, testing and optimizing content over 90 days.

How to Prepare For a Successful Job Search for 2024Albert Qian

��

The document provides guidance on preparing a job search for 2024. It discusses the state of the job market, focusing on growth in AI and healthcare but also continued layoffs. It recommends figuring out what you want to do by researching interests and skills, then conducting informational interviews. The job search should involve building a personal brand on LinkedIn, actively applying to jobs, tailoring resumes and interviews, maintaining job hunting as a habit, and continuing self-improvement. Once hired, the document advises setting new goals and keeping skills and networking active in case of future opportunities.

Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)

��

The 2024 social media marketing trends report highlights significant shifts influenced by generative AI, including the emergence of personalized content, the rise of virtual influencers, and a stronger focus on user-generated content. Insights were gathered from 33 experts across 23 leading independent agencies, providing a perspective that emphasizes creativity and authenticity in marketing strategies. Key trends also include the blending of B2B and B2C approaches, reflecting changes in consumer behavior and the evolving landscape of social media engagement.

Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal

��

The document discusses trends in paid search for 2024, highlighting changes in user behavior, the implications for financial services, and privacy challenges. It emphasizes the importance of adapting search strategies, utilizing AI-driven tools like performance max and smart bidding, and leveraging first-party data for better marketing efficacy. Key takeaways include holistic SEO and SEM approaches, monitoring shifting user intents, and the need for continuous performance evaluation.

5 Public speaking tips from TED - Visualized summarySpeakerHub

��

The document outlines five public speaking tips from Chris Anderson, TED Talks curator, emphasizing the importance of eye contact, vulnerability, humor, humility, and storytelling. These skills are presented as essential for engaging audiences effectively and are increasingly valuable in today's economy. The article posits that mastering these techniques can enhance speakers' ability to communicate ideas powerfully.

ChatGPT and the Future of Work - Clark Boyd Clark Boyd

��

The document provides an overview of generative AI, particularly focusing on ChatGPT and its implications for business and the job market. It discusses the rapid growth of generative AI, its applications in marketing, and the skills needed for the AI era while addressing potential job displacement and the need for adaptation. The agenda includes a Q&A session and emphasizes rethinking work in collaboration with AI technology.

Getting into the tech field. what next Tessa Mero

��

The document provides career advice for getting into the tech field, including: - Doing projects and internships in college to build a portfolio. - Learning about different roles and technologies through industry research. - Contributing to open source projects to build experience and network. - Developing a personal brand through a website and social media presence. - Networking through events, communities, and finding a mentor. - Practicing interviews through mock interviews and whiteboarding coding questions.

Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray

��

1. Core updates from Google periodically change how its algorithms assess and rank websites and pages. This can impact rankings through shifts in user intent, site quality issues being caught up to, world events influencing queries, and overhauls to search like the E-A-T framework. 2. There are many possible user intents beyond just transactional, navigational and informational. Identifying intent shifts is important during core updates. Sites may need to optimize for new intents through different content types and sections. 3. Responding effectively to core updates requires analyzing "before and after" data to understand changes, identifying new intents or page types, and ensuring content matches appropriate intents across video, images, knowledge graphs and more.

How to have difficult conversations Rajiv Jayarajah, MAppComm, ACC

��

Leggett & Platt

1. A Financial Analysis

2. History  1883: Leggett invents the first steel- coiled bed spring  1895: First L&P factory created  1901: Company becomes Incorporated  1967: Company goes Public  1971: Listed on NASDQE  1979: Listed on NYSE

3. Steel-Coiled Bed Spring The first steel-coiled bed spring was patented in 1885

4. Financial Success  1990: Earned more than 1 billion in sales  1998: Included in the Fortune 500 Companies  1999: Added to the S&P Index  2013: Dividend Aristocrats

5. 27.5 24.3 24.4 17.6 12.5 19.6 23.6 22.0 30.7 32.8 33.4 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 D o l l a r s April 2003-April 2013 Leggett & Platt 10 Year Stock Prices $1 Per Share

6. Strategic Direction  Divest or fix low-performing businesses  Return more cash to investors  Improve Margins  Improve ROI  Grow the company

7. Current Financial Data  Balance Sheets  Statement of Cash Flows  Financial Ratios

8. Profitability Ratios GPM ROA ROS ROE

9. Efficiency Ratios AR Turnover Inventory Turnover Asset Turnover

10. Liquidity Ratio Current Ratio

11. Solvency Ratios Debt Ratio Debt to Equity Ratio Times Interest Ratio Free Cash Flow

12. Industry Comparison Leggett & Platt ROS = 5% ROA = 6% ROE =13% GPM =18% ART = 7.4 IT = 6.8 AT = 1.2 CR = 2.1 DR = 55% DTE = 2.1 TIE = 7.2 FCF = 253.90 Average Industry ROS = 5% ROA = 6% ROE =5% GPM =27% ART = 14.4 IT = 7 AT = 1.3 CR = 1.8 DR = 61% DTE = 8.8 TIE = 9.2 FCF = 1884.7

13. Invest in Leggett & Platt?

Editor's Notes

#8: Handouts
#9: Handouts
#10: Handouts
#12: Handouts
#13: Red Flags

�ݺ�ߣ

Leggett & Platt

Recommended

More Related Content

Featured (20)

Leggett & Platt

Editor's Notes