What is Leggett & Platt Inc worth?
With the base-case assumptions below, a discounted cash flow model on Leggett & Platt Inc's reported free cash flow gives $18.21 per share. The share price was $9.20 on August 26, 2026, 49% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -6.5% | 10.0% | $9.12 | -1% |
| Base | -1.5% | 9.0% | $18.21 | +98% |
| Bull | 3.5% | 8.0% | $36.30 | +295% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $24.56 | $26.45 | $28.76 | $31.65 | $35.37 |
| 8.0% | $19.86 | $21.08 | $22.53 | $24.27 | $26.40 |
| 9.0% | $16.40 | $17.24 | $18.21 | $19.34 | $20.67 |
| 10.0% | $13.76 | $14.35 | $15.03 | $15.80 | $16.69 |
| 11.0% | $11.66 | $12.10 | $12.59 | $13.14 | $13.76 |
Where the presets come from
Base: years 1 to 5 grow at Leggett & Platt Inc's revenue growth rate over the last 5 fiscal years (-1.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions