LEG - Leggett & Platt, Incorporated
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$12.00
DETAILS
HIGH:
$12.00
LOW:
$12.00
MEDIAN:
$12.00
CONSENSUS:
$12.00
UPSIDE:
20.12%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
80% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.0x
1.83$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
5.5x
Plain-Language Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $12.00 from 14 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $25.86 per share.
Warnings
Wall Street's average price target is $12.00 (from 14 analysts). Our estimate is 144% above the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples