LAZARD INC (LAZ) Stock Fundamental Analysis
USA - NYSE:LAZ - US52110M1099 - Common Stock
50.52 USD
+0.97 (+1.96%)
50.52 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to LAZ. LAZ was compared to 237 industry peers in the Capital Markets industry. LAZ has only an average score on both its financial health and profitability. LAZ has a correct valuation and a medium 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.
LAZ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.73%, LAZ is in the better half of the industry, outperforming 78.06% of the companies in the same industry.
LAZ has a Return On Equity of 40.79%. This is amongst the best in the industry. LAZ outperforms 97.47% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.61%, LAZ belongs to the top of the industry, outperforming 83.97% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for LAZ is in line with the industry average of 7.63%.
The last Return On Invested Capital (8.61%) for LAZ is above the 3 year average (6.49%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 40.79% | ||
| ROIC | 8.61% |
ROA(3y)3.33%
ROA(5y)4.77%
ROE(3y)29.09%
ROE(5y)36.77%
ROIC(3y)6.49%
ROIC(5y)7.55%
1.3 Margins
LAZ has a Profit Margin (9.66%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of LAZ has declined.
Looking at the Operating Margin, with a value of 13.28%, LAZ is doing worse than 65.40% of the companies in the same industry.
In the last couple of years the Operating Margin of LAZ has declined.
LAZ's Gross Margin of 93.70% is amongst the best of the industry. LAZ outperforms 94.51% of its industry peers.
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 | 13.28% | ||
| PM (TTM) | 9.66% | ||
| GM | 93.7% |
OM growth 3Y-20.51%
OM growth 5Y-6.29%
PM growth 3Y-17.15%
PM growth 5Y-3.2%
GM growth 3Y0%
GM growth 5Y0.18%
2. Health
2.1 Basic Checks
The number of shares outstanding for LAZ has been increased compared to 1 year ago.
The number of shares outstanding for LAZ has been reduced compared to 5 years ago.
The debt/assets ratio for LAZ has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.39 indicates that LAZ is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.39, LAZ is in the better half of the industry, outperforming 71.73% of the companies in the same industry.
The Debt to FCF ratio of LAZ is 5.05, which is a neutral value as it means it would take LAZ, 5.05 years of fcf income to pay off all of its debts.
LAZ has a better Debt to FCF ratio (5.05) than 72.15% of its industry peers.
A Debt/Equity ratio of 2.94 is on the high side and indicates that LAZ has dependencies on debt financing.
The Debt to Equity ratio of LAZ (2.94) is worse than 83.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.94 | ||
| Debt/FCF | 5.05 | ||
| Altman-Z | 2.39 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.50 indicates that LAZ should not have too much problems paying its short term obligations.
LAZ has a better Current ratio (1.50) than 64.98% of its industry peers.
LAZ has a Quick Ratio of 1.50. This is a normal value and indicates that LAZ is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.50, LAZ is in the better half of the industry, outperforming 64.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
LAZ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.01%, which is quite good.
The Earnings Per Share has been decreasing by -6.47% on average over the past years.
Looking at the last year, LAZ shows a quite strong growth in Revenue. The Revenue has grown by 15.88% in the last year.
LAZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.56% yearly.
EPS 1Y (TTM)9.01%
EPS 3Y-22.62%
EPS 5Y-6.47%
EPS Q2Q%47.37%
Revenue 1Y (TTM)15.88%
Revenue growth 3Y-2.59%
Revenue growth 5Y2.56%
Sales Q2Q%12.19%
3.2 Future
The Earnings Per Share is expected to grow by 29.57% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 11.82% on average over the next years. This is quite good.
EPS Next Y7.96%
EPS Next 2Y32.45%
EPS Next 3Y29.57%
EPS Next 5YN/A
Revenue Next Year7.44%
Revenue Next 2Y12.21%
Revenue Next 3Y11.82%
Revenue Next 5YN/A
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
With a Price/Earnings ratio of 20.88, LAZ is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as LAZ.
The average S&P500 Price/Earnings ratio is at 25.83. LAZ is around the same levels.
LAZ is valuated correctly with a Price/Forward Earnings ratio of 12.31.
LAZ's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LAZ is cheaper than 60.76% of the companies in the same industry.
LAZ is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.88 | ||
| Fwd PE | 12.31 |
4.2 Price Multiples
LAZ's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LAZ is cheaper than 85.65% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LAZ is valued a bit cheaper than the industry average as 70.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.07 | ||
| EV/EBITDA | 11.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
LAZ has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as LAZ's earnings are expected to grow with 29.57% in the coming years.
PEG (NY)2.62
PEG (5Y)N/A
EPS Next 2Y32.45%
EPS Next 3Y29.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.04%, LAZ is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.39, LAZ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, LAZ pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
5.2 History
The dividend of LAZ decreases each year by -2.47%.
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)-2.47%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
60.26% of the earnings are spent on dividend by LAZ. This is not a sustainable payout ratio.
DP60.26%
EPS Next 2Y32.45%
EPS Next 3Y29.57%
50.52
+0.97 (+1.96%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.55%
Inst Owner Change-0.19%
Ins Owners0.71%
Ins Owner Change-4.45%
Market Cap4.77B
Revenue(TTM)3.03B
Net Income(TTM)302.52M
Analysts70
Price Target56.39 (11.62%)
Short Float %4.41%
Short Ratio4.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.04% |
Yearly Dividend2.01
Dividend Growth(5Y)-2.47%
DP60.26%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)37.98%
Min EPS beat(2)29.47%
Max EPS beat(2)46.49%
EPS beat(4)3
Avg EPS beat(4)27.7%
Min EPS beat(4)-4.93%
Max EPS beat(4)46.49%
EPS beat(8)6
Avg EPS beat(8)26.26%
EPS beat(12)8
Avg EPS beat(12)12.79%
EPS beat(16)12
Avg EPS beat(16)13.29%
Revenue beat(2)1
Avg Revenue beat(2)3.68%
Min Revenue beat(2)-4.17%
Max Revenue beat(2)11.53%
Revenue beat(4)2
Avg Revenue beat(4)2.59%
Min Revenue beat(4)-4.17%
Max Revenue beat(4)11.53%
Revenue beat(8)5
Avg Revenue beat(8)3.71%
Revenue beat(12)8
Avg Revenue beat(12)4.61%
Revenue beat(16)11
Avg Revenue beat(16)4.7%
PT rev (1m)-1.78%
PT rev (3m)7.5%
EPS NQ rev (1m)-1.89%
EPS NQ rev (3m)-13.19%
EPS NY rev (1m)-0.56%
EPS NY rev (3m)10.45%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.88 | ||
| Fwd PE | 12.31 | ||
| P/S | 1.52 | ||
| P/FCF | 11.07 | ||
| P/OCF | 9.75 | ||
| P/B | 6.43 | ||
| P/tB | 13.76 | ||
| EV/EBITDA | 11.6 |
EPS(TTM)2.42
EY4.79%
EPS(NY)4.11
Fwd EY8.13%
FCF(TTM)4.57
FCFY9.04%
OCF(TTM)5.18
OCFY10.25%
SpS33.2
BVpS7.86
TBVpS3.67
PEG (NY)2.62
PEG (5Y)N/A
Graham Number20.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 40.79% | ||
| ROCE | 13.09% | ||
| ROIC | 8.61% | ||
| ROICexc | 13.03% | ||
| ROICexgc | 18.97% | ||
| OM | 13.28% | ||
| PM (TTM) | 9.66% | ||
| GM | 93.7% | ||
| FCFM | 13.75% |
ROA(3y)3.33%
ROA(5y)4.77%
ROE(3y)29.09%
ROE(5y)36.77%
ROIC(3y)6.49%
ROIC(5y)7.55%
ROICexc(3y)12%
ROICexc(5y)15.18%
ROICexgc(3y)16.01%
ROICexgc(5y)19.68%
ROCE(3y)10.39%
ROCE(5y)12.97%
ROICexgc growth 3Y-5.07%
ROICexgc growth 5Y-1.07%
ROICexc growth 3Y-9.8%
ROICexc growth 5Y-2.23%
OM growth 3Y-20.51%
OM growth 5Y-6.29%
PM growth 3Y-17.15%
PM growth 5Y-3.2%
GM growth 3Y0%
GM growth 5Y0.18%
F-Score9
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.94 | ||
| Debt/FCF | 5.05 | ||
| Debt/EBITDA | 4.83 | ||
| Cap/Depr | 166.06% | ||
| Cap/Sales | 1.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 108.36% | ||
| Profit Quality | 142.4% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 2.39 |
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)102.56%
Cap/Depr(5y)117.06%
Cap/Sales(3y)1.44%
Cap/Sales(5y)1.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.01%
EPS 3Y-22.62%
EPS 5Y-6.47%
EPS Q2Q%47.37%
EPS Next Y7.96%
EPS Next 2Y32.45%
EPS Next 3Y29.57%
EPS Next 5YN/A
Revenue 1Y (TTM)15.88%
Revenue growth 3Y-2.59%
Revenue growth 5Y2.56%
Sales Q2Q%12.19%
Revenue Next Year7.44%
Revenue Next 2Y12.21%
Revenue Next 3Y11.82%
Revenue Next 5YN/A
EBIT growth 1Y51.47%
EBIT growth 3Y-22.57%
EBIT growth 5Y-3.9%
EBIT Next Year15.65%
EBIT Next 3Y30.47%
EBIT Next 5YN/A
FCF growth 1Y-13.27%
FCF growth 3Y-5.5%
FCF growth 5Y1.88%
OCF growth 1Y-9.24%
OCF growth 3Y-4.99%
OCF growth 5Y1.84%
LAZARD INC / LAZ FAQ
Can you provide the ChartMill fundamental rating for LAZARD INC?
ChartMill assigns a fundamental rating of 6 / 10 to LAZ.
What is the valuation status for LAZ stock?
ChartMill assigns a valuation rating of 5 / 10 to LAZARD INC (LAZ). This can be considered as Fairly Valued.
Can you provide the profitability details for LAZARD INC?
LAZARD INC (LAZ) has a profitability rating of 6 / 10.
What are the PE and PB ratios of LAZARD INC (LAZ) stock?
The Price/Earnings (PE) ratio for LAZARD INC (LAZ) is 20.88 and the Price/Book (PB) ratio is 6.43.
What is the expected EPS growth for LAZARD INC (LAZ) stock?
The Earnings per Share (EPS) of LAZARD INC (LAZ) is expected to grow by 7.96% in the next year.