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Leggett & Platt (FRA:LP1) Cyclically Adjusted Price-to-FCF : 3.93 (As of Jun. 09, 2024)


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

As of today (2024-06-09), Leggett & Platt's current share price is €11.09. Leggett & Platt's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.82. Leggett & Platt's Cyclically Adjusted Price-to-FCF for today is 3.93.

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

FRA:LP1' 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.

FRA:LP1'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 FRA:LP1: 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 €-0.214. 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 €2.82 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
=11.09/2.82
=3.93

* 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)
=-0.214/131.7762*131.7762
=-0.214

Current CPI (Mar. 2024) = 131.7762.

Leggett & Platt Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.410 100.560 0.537
201409 0.586 100.428 0.769
201412 0.765 99.070 1.018
201503 0.067 99.621 0.089
201506 0.405 100.684 0.530
201509 0.642 100.392 0.843
201512 0.502 99.792 0.663
201603 0.532 100.470 0.698
201606 0.766 101.688 0.993
201609 0.629 101.861 0.814
201612 0.857 101.863 1.109
201703 0.158 102.862 0.202
201706 0.347 103.349 0.442
201709 0.401 104.136 0.507
201712 0.877 104.011 1.111
201803 0.023 105.290 0.029
201806 0.251 106.317 0.311
201809 0.541 106.507 0.669
201812 0.994 105.998 1.236
201903 -0.003 107.251 -0.004
201906 0.875 108.070 1.067
201909 1.210 108.329 1.472
201912 1.398 108.420 1.699
202003 -0.092 108.902 -0.111
202006 0.611 108.767 0.740
202009 1.572 109.815 1.886
202012 1.237 109.897 1.483
202103 -0.213 111.754 -0.251
202106 0.096 114.631 0.110
202109 0.145 115.734 0.165
202112 1.036 117.630 1.161
202203 0.135 121.301 0.147
202206 0.469 125.017 0.494
202209 0.303 125.227 0.319
202212 1.471 125.222 1.548
202303 0.404 127.348 0.418
202306 0.541 128.729 0.554
202309 0.833 129.860 0.845
202312 0.824 129.419 0.839
202403 -0.214 131.776 -0.214

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  (FRA:LP1) 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

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Leggett & Platt (FRA:LP1) 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 (FRA:LP1) Headlines

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