Leon's Furniture Limited

74W.F · Consumer Cyclical · Specialty Retail · Valued as of 2026-11-04 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

1.46B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.21B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.05B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.24B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.25B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.99×

the ratio the screener ranks by

Margin of Safety

-0.5%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 1.46B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.36B USD
−②Net Debt Today78.40M USD
+③Growth Value176.46M USD
=Value1.46B USD

EPV of the Operations (NOPAT over WACC)

1.36B USD

Net debt today

-78.40M USD

Growth Value

+176.46M USD

Value

1.46B USD

①EPV (Earnings Power Value)

1.36B USD

②Net Debt Today

78.40M USD

③Growth Value

176.46M USD

Market value

Market Cap1.25B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+14.5%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.21B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE777.73M USD
+②Equity at Year 15, Today434.22M USD
=Value1.21B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

777.73M USD

②Equity at Year 15, Today

434.22M USD

Market value

Market Cap1.25B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-3.1%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.05B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF917.78M USD
+②Invested Capital at Year 15, Today214.85M USD
−③Net Debt Today78.40M USD
=Value1.05B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

917.78M USD

②Invested Capital at Year 15, Today

214.85M USD

③Net Debt Today

78.40M USD

Market value

Market Cap1.25B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-18.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.84%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.95×Market Risk Premium 6.00%= 10.20%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 37.99M USDPretax Income 152.78M USD= 24.87%

The tax the interest saves.

Interest Expense =EBIT 169.80M USD−Pretax Income 152.78M USD= 17.02M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 17.02M USDTotal Debt 336.82M USD×(1 − Tax Rate for WACC 24.87%)= 3.80%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 336.82M USDMarket Cap + Total Debt 1.25B USD + 336.82M USD= 21.24%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 78.76%×Cost of Equity 10.20%+Debt Weight 21.24%×Cost of Debt 3.80%= 8.84%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 1.72B USD − Total Liabilities 845.29M USD = Book Value Today 877.69M USD

Total Debt 336.82M USD − Cash and Short-Term Investments 258.41M USD = Net Debt Today 78.40M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 11.1%at most 5%passes68,751,386 / 68,032,028
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets5.1%at least -10.0%passes(202.09M USD − 114.79M USD) ÷ 1.72B USD
Price to bookMarket Cap ÷ Book Value Today1.42×at most 3×passes1.25B USD ÷ 877.69M USD
Operating marginOperating Income ÷ Revenue8.6%above 10.0%does not pass160.91M USD ÷ 1.88B USD
Revenue growthRevenue ÷ Revenue a Year Before − 17.9%above 10.0%does not pass1.88B USD / 1.74B USD
Net cash(Cash − Total Debt) ÷ Market Cap-16.1%above -30%passes(135.36M USD − 336.82M USD) ÷ 1.25B USD
Operating efficiencyOperating Income ÷ Gross Profit19.0%above 25.0%does not pass160.91M USD ÷ 847.20M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

16.22 EUR

Enterprise value

1.21B EUR

the provider's own figure

EV / EBITDA

5.98×

Price / book

1.41×

the provider's book

Price / earnings

11.33×

Return on equity

13.1%

the provider's figure, not this page's

Profit margin

6.2%

Revenue growth

-2.0%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2022202320242025

Revenue

1.86B1.86B1.74B1.88B

Gross profit

819.47M819.57M773.75M847.20M

Operating income

188.16M140.33M133.82M160.91M

EBITDA

operating income before depreciation and amortisation

274.92M240.95M233.24M250.53M

Pretax income

174.48M138.07M142.71M152.78M

Net income

132.53M105.06M107.19M114.79M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

130.84M95.58M92.95M113.83M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

1.62B1.68B1.63B1.81B

Total liabilities

934.20M902.91M836.76M892.13M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

686.11M778.22M796.03M918.16M

Total debt

411.59M343.46M296.85M347.38M

Cash and equivalents

85.04M62.61M133.40M188.03M

Net PP&E

fixed assets after depreciation

449.43M493.15M470.63M543.95M

Working capital

current assets less current liabilities

191.10M161.14M195.10M272.54M
Cash flow (USD)2022202320242025

Operating cash flow

10.56M191.67M240.64M202.09M

Capital expenditure

paid out, so below zero

-20.56M-33.77M-41.72M-29.03M

Depreciation and amortisation

81.23M81.56M74.39M80.73M

Free cash flow

operating cash flow plus capital expenditure

-10.00M157.90M198.92M173.05M