GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Leggett & Platt Inc (BSP:L1EG34) » Definitions » Cyclically Adjusted Price-to-FCF

Leggett & Platt (BSP:L1EG34) Cyclically Adjusted Price-to-FCF : 4.15 (As of Jun. 09, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Leggett & Platt Cyclically Adjusted Price-to-FCF?

As of today (2024-06-09), Leggett & Platt's current share price is R$63.20. Leggett & Platt's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$15.23. Leggett & Platt's Cyclically Adjusted Price-to-FCF for today is 4.15.

The historical rank and industry rank for Leggett & Platt's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:L1EG34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.48   Med: 16.46   Max: 22.52
Current: 4

During the past years, Leggett & Platt's highest Cyclically Adjusted Price-to-FCF was 22.52. The lowest was 3.48. And the median was 16.46.

BSP:L1EG34's Cyclically Adjusted Price-to-FCF is ranked better than
93.51% of 185 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 17.63 vs BSP:L1EG34: 4.00

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Leggett & Platt's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-1.161. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$15.23 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leggett & Platt Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Leggett & Platt's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Leggett & Platt Cyclically Adjusted Price-to-FCF Chart

Leggett & Platt Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.15 16.28 14.61 11.05 8.74

Leggett & Platt Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.60 9.78 8.31 8.74 6.26

Competitive Comparison of Leggett & Platt's Cyclically Adjusted Price-to-FCF

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Leggett & Platt's Cyclically Adjusted Price-to-FCF Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Cyclically Adjusted Price-to-FCF falls into.



Leggett & Platt Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Leggett & Platt's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=63.20/15.23
=4.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Leggett & Platt's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Leggett & Platt's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.161/131.7762*131.7762
=-1.161

Current CPI (Mar. 2024) = 131.7762.

Leggett & Platt Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.247 100.560 1.634
201409 1.767 100.428 2.319
201412 2.492 99.070 3.315
201503 0.227 99.621 0.300
201506 1.415 100.684 1.852
201509 2.813 100.392 3.692
201512 2.121 99.792 2.801
201603 2.189 100.470 2.871
201606 2.947 101.688 3.819
201609 2.296 101.861 2.970
201612 3.032 101.863 3.922
201703 0.530 102.862 0.679
201706 1.286 103.349 1.640
201709 1.499 104.136 1.897
201712 3.418 104.011 4.330
201803 0.091 105.290 0.114
201806 1.106 106.317 1.371
201809 2.596 106.507 3.212
201812 4.391 105.998 5.459
201903 -0.011 107.251 -0.014
201906 3.810 108.070 4.646
201909 5.489 108.329 6.677
201912 6.377 108.420 7.751
202003 -0.497 108.902 -0.601
202006 3.567 108.767 4.322
202009 9.999 109.815 11.999
202012 7.740 109.897 9.281
202103 -1.430 111.754 -1.686
202106 0.584 114.631 0.671
202109 0.898 115.734 1.022
202112 6.623 117.630 7.420
202203 0.738 121.301 0.802
202206 2.500 125.017 2.635
202209 1.572 125.227 1.654
202212 8.176 125.222 8.604
202303 2.255 127.348 2.333
202306 2.846 128.729 2.913
202309 4.390 129.860 4.455
202312 4.401 129.419 4.481
202403 -1.161 131.776 -1.161

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Leggett & Platt  (BSP:L1EG34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Leggett & Platt Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Leggett & Platt's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Leggett & Platt (BSP:L1EG34) Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture and work furniture, flooring underlayment, adjustable beds, and various other products.

Leggett & Platt (BSP:L1EG34) Headlines

No Headlines