$Leggett & Platt (LEG.US)$🎯 2024.3.12 Current price 19.59, ...

New data: 23Q3 and 23Q4. Revenue, operating profit, and net profit continued to shrink. Among them, Q4 net profit lost significantly due to special expenses.

In 2023, revenue shrank by 8.2%, operating profit shrank by 33.8%, and net profit turned into a loss of 137 million. However, even without these special expenses of 410 million, net profit was only about 190 million.

As a result, the 5-year average net profit fell to 230 million, and the corresponding price-earnings ratio was 11.4. Considering the dividend history, the price-earnings ratio is quite normal, but considering that the stock's performance is clearly weaker than the sector as a whole, it is more appropriate to withdraw now.