LAZARD INC (LAZ)
US52110M1099 - Common Stock
We assign a fundamental rating of 3 out of 10 to LAZ. LAZ was compared to 219 industry peers in the Capital Markets industry. LAZ scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. LAZ is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year LAZ was profitable.
LAZ had a positive operating cash flow in the past year.
LAZ had positive earnings in 4 of the past 5 years.
Each year in the past 5 years LAZ had a positive operating cash flow.
1.2 Ratios
LAZ has a worse Return On Assets (-1.72%) than 82.79% of its industry peers.
With a Return On Equity value of -18.87%, LAZ is not doing good in the industry: 86.98% of the companies in the same industry are doing better.
LAZ has a Return On Invested Capital of 2.95%. This is in the lower half of the industry: LAZ underperforms 65.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LAZ is significantly below the industry average of 17.66%.
The last Return On Invested Capital (2.95%) for LAZ is well below the 3 year average (7.39%), which needs to be investigated, but indicates that LAZ had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.72% | ||
| ROE | -18.87% | ||
| ROIC | 2.95% |
ROA(3y)3.85%
ROA(5y)4.64%
ROE(3y)32.54%
ROE(5y)37.47%
ROIC(3y)7.39%
ROIC(5y)7.62%
1.3 Margins
Looking at the Operating Margin, with a value of 5.01%, LAZ is doing worse than 79.53% of the companies in the same industry.
LAZ's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 92.78%, LAZ belongs to the best of the industry, outperforming 91.63% of the companies in the same industry.
In the last couple of years the Gross Margin of LAZ has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.01% | ||
| PM (TTM) | N/A | ||
| GM | 92.78% |
OM growth 3Y-35.81%
OM growth 5Y-26.21%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.1%
GM growth 5Y-0.13%
2. Health
2.1 Basic Checks
Compared to 1 year ago, LAZ has more shares outstanding
Compared to 5 years ago, LAZ has less shares outstanding
LAZ has a better debt/assets ratio than last year.
2.2 Solvency
LAZ has an Altman-Z score of 1.91. This is not the best score and indicates that LAZ is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.91, LAZ is doing good in the industry, outperforming 71.16% of the companies in the same industry.
LAZ has a debt to FCF ratio of 16.32. This is a negative value and a sign of low solvency as LAZ would need 16.32 years to pay back of all of its debts.
LAZ has a Debt to FCF ratio (16.32) which is comparable to the rest of the industry.
LAZ has a Debt/Equity ratio of 5.25. This is a high value indicating a heavy dependency on external financing.
LAZ has a Debt to Equity ratio of 5.25. This is amonst the worse of the industry: LAZ underperforms 85.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.25 | ||
| Debt/FCF | 16.32 | ||
| Altman-Z | 1.91 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.14 indicates that LAZ should not have too much problems paying its short term obligations.
LAZ's Current ratio of 1.14 is in line compared to the rest of the industry. LAZ outperforms 51.63% of its industry peers.
A Quick Ratio of 1.14 indicates that LAZ should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.14, LAZ is in line with its industry, outperforming 51.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.79% over the past year.
The Earnings Per Share has been decreasing by -0.37% on average over the past years.
The Revenue for LAZ has decreased by -12.79% in the past year. This is quite bad
Measured over the past years, LAZ shows a small growth in Revenue. The Revenue has been growing by 1.14% on average per year.
EPS 1Y (TTM)12.79%
EPS 3Y4.3%
EPS 5Y-0.37%
EPS Q2Q%116.67%
Revenue 1Y (TTM)-12.79%
Revenue growth 3Y2.3%
Revenue growth 5Y1.14%
Sales Q2Q%10.42%
3.2 Future
Based on estimates for the next years, LAZ will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.60% on average per year.
LAZ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.75% yearly.
EPS Next Y-85.98%
EPS Next 2Y-16.13%
EPS Next 3Y2.7%
EPS Next 5Y11.6%
Revenue Next Year-14.9%
Revenue Next 2Y2.53%
Revenue Next 3Y5.52%
Revenue Next 5Y5.75%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.20 indicates a quite expensive valuation of LAZ.
Based on the Price/Earnings ratio, LAZ is valued a bit more expensive than 66.05% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 30.71, LAZ is valued at the same level.
A Price/Forward Earnings ratio of 18.73 indicates a rather expensive valuation of LAZ.
LAZ's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. LAZ is more expensive than 60.47% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.09, LAZ is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.2 | ||
| Fwd PE | 18.73 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LAZ.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LAZ is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.42 | ||
| EV/EBITDA | 34.32 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-16.13%
EPS Next 3Y2.7%
5. Dividend
5.1 Amount
LAZ has a Yearly Dividend Yield of 4.34%, which is a nice return.
LAZ's Dividend Yield is comparable with the industry average which is at 8.61.
Compared to an average S&P500 Dividend Yield of 2.26, LAZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
5.2 History
The dividend of LAZ decreases each year by -6.19%.
LAZ has been paying a dividend for at least 10 years, so it has a reliable track record.
LAZ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-6.19%
Div Incr Years2
Div Non Decr Years10
5.3 Sustainability
The earnings of LAZ are negative and hence is the payout ratio. LAZ will probably not be able to sustain this dividend level.
DP-216.46%
EPS Next 2Y-16.13%
EPS Next 3Y2.7%
LAZARD INC
NYSE:LAZ (9/16/2024, 7:22:23 PM)
After market: 48.88 0 (0%)48.88
+1.11 (+2.32%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.51B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.2 | ||
| Fwd PE | 18.73 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.72% | ||
| ROE | -18.87% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.01% | ||
| PM (TTM) | N/A | ||
| GM | 92.78% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.25 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)12.79%
EPS 3Y4.3%
EPS 5Y
EPS Q2Q%
EPS Next Y-85.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-12.79%
Revenue growth 3Y2.3%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y