LAZARD INC (LAZ) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LAZ - US52110M1099 - Common Stock
50.86 USD
+0.36 (+0.71%)
50.86 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to LAZ. LAZ was compared to 238 industry peers in the Capital Markets industry. Both the profitability and the financial health of LAZ get a neutral evaluation. Nothing too spectacular is happening here. LAZ has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
LAZ had positive earnings in the past year.
In the past year LAZ had a positive cash flow from operations.
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
LAZ's Return On Assets of 5.76% is fine compared to the rest of the industry. LAZ outperforms 74.37% of its industry peers.
LAZ has a better Return On Equity (31.69%) than 97.06% of its industry peers.
With a decent Return On Invested Capital value of 7.05%, LAZ is doing good in the industry, outperforming 78.99% 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 6.96%.
The 3 year average ROIC (6.49%) for LAZ is below the current ROIC(7.05%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 31.69% | ||
| ROIC | 7.05% |
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's Profit Margin of 8.61% is on the low side compared to the rest of the industry. LAZ is outperformed by 63.03% of its industry peers.
In the last couple of years the Profit Margin of LAZ has declined.
The Operating Margin of LAZ (11.10%) is worse than 65.97% of its industry peers.
LAZ's Operating Margin has declined in the last couple of years.
LAZ's Gross Margin of 93.47% is amongst the best of the industry. LAZ outperforms 94.54% 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 | 11.1% | ||
| PM (TTM) | 8.61% | ||
| GM | 93.47% |
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
LAZ has more shares outstanding than it did 1 year ago.
LAZ has less shares outstanding than it did 5 years ago.
LAZ has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.33 indicates that LAZ is not a great score, but indicates only limited risk for bankruptcy at the moment.
LAZ has a better Altman-Z score (2.33) than 70.59% of its industry peers.
LAZ has a debt to FCF ratio of 4.81. This is a neutral value as LAZ would need 4.81 years to pay back of all of its debts.
LAZ's Debt to FCF ratio of 4.81 is fine compared to the rest of the industry. LAZ outperforms 71.43% of its industry peers.
LAZ has a Debt/Equity ratio of 2.52. This is a high value indicating a heavy dependency on external financing.
LAZ has a Debt to Equity ratio of 2.52. This is amonst the worse of the industry: LAZ underperforms 81.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.52 | ||
| Debt/FCF | 4.81 | ||
| Altman-Z | 2.33 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
LAZ has a Current Ratio of 1.58. This is a normal value and indicates that LAZ is financially healthy and should not expect problems in meeting its short term obligations.
LAZ's Current ratio of 1.58 is fine compared to the rest of the industry. LAZ outperforms 68.91% of its industry peers.
LAZ has a Quick Ratio of 1.58. This is a normal value and indicates that LAZ is financially healthy and should not expect problems in meeting its short term obligations.
LAZ has a Quick ratio of 1.58. This is in the better half of the industry: LAZ outperforms 68.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.58 |
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.
LAZ shows a decrease in Revenue. In the last year, the revenue decreased by -1.54%.
The Revenue has been growing slightly by 2.56% on average over the past years.
EPS 1Y (TTM)9.01%
EPS 3Y-22.62%
EPS 5Y-6.47%
EPS Q2Q%47.37%
Revenue 1Y (TTM)-1.54%
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 28.77% on average over the next years. This is a very strong growth
Based on estimates for the next years, LAZ will show a quite strong growth in Revenue. The Revenue will grow by 12.04% on average per year.
EPS Next Y8.45%
EPS Next 2Y29.87%
EPS Next 3Y28.77%
EPS Next 5YN/A
Revenue Next Year7.33%
Revenue Next 2Y12.7%
Revenue Next 3Y12.04%
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
The Price/Earnings ratio is 21.02, which indicates a rather expensive current valuation of LAZ.
Compared to the rest of the industry, the Price/Earnings ratio of LAZ is on the same level as its industry peers.
LAZ is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 12.89, which indicates a correct valuation of LAZ.
LAZ's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.21. LAZ is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 12.89 |
4.2 Price Multiples
80.67% of the companies in the same industry are more expensive than LAZ, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LAZ indicates a somewhat cheap valuation: LAZ is cheaper than 70.17% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.96 | ||
| EV/EBITDA | 13.67 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LAZ does not grow enough to justify the current Price/Earnings ratio.
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 28.77% in the coming years.
PEG (NY)2.49
PEG (5Y)N/A
EPS Next 2Y29.87%
EPS Next 3Y28.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.97%, LAZ has a reasonable but not impressive dividend return.
LAZ's Dividend Yield is comparable with the industry average which is at 8.39.
LAZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
5.2 History
The dividend of LAZ decreases each year by -2.47%.
LAZ has paid a dividend for at least 10 years, which is a reliable track record.
LAZ has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-2.47%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
LAZ pays out 69.07% of its income as dividend. This is not a sustainable payout ratio.
DP69.07%
EPS Next 2Y29.87%
EPS Next 3Y28.77%
50.86
+0.36 (+0.71%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.55%
Inst Owner Change7.06%
Ins Owners0.71%
Ins Owner Change-4.45%
Market Cap4.83B
Revenue(TTM)3.10B
Net Income(TTM)266.70M
Analysts70
Price Target56.39 (10.87%)
Short Float %6.33%
Short Ratio6.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
Yearly Dividend2.01
Dividend Growth(5Y)-2.47%
DP69.07%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.03%
Min EPS beat(2)22.59%
Max EPS beat(2)29.47%
EPS beat(4)4
Avg EPS beat(4)34.58%
Min EPS beat(4)22.59%
Max EPS beat(4)46.49%
EPS beat(8)7
Avg EPS beat(8)33.88%
EPS beat(12)8
Avg EPS beat(12)12.25%
EPS beat(16)12
Avg EPS beat(16)14.57%
Revenue beat(2)1
Avg Revenue beat(2)5.2%
Min Revenue beat(2)-1.13%
Max Revenue beat(2)11.53%
Revenue beat(4)2
Avg Revenue beat(4)2.79%
Min Revenue beat(4)-4.17%
Max Revenue beat(4)11.53%
Revenue beat(8)5
Avg Revenue beat(8)4.66%
Revenue beat(12)7
Avg Revenue beat(12)3.25%
Revenue beat(16)10
Avg Revenue beat(16)4.49%
PT rev (1m)0%
PT rev (3m)3.75%
EPS NQ rev (1m)0.32%
EPS NQ rev (3m)-9.64%
EPS NY rev (1m)0.45%
EPS NY rev (3m)-1.51%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)-2.21%
Revenue NY rev (1m)-0.49%
Revenue NY rev (3m)-0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 12.89 | ||
| P/S | 1.56 | ||
| P/FCF | 10.96 | ||
| P/OCF | 10 | ||
| P/B | 5.73 | ||
| P/tB | 10.81 | ||
| EV/EBITDA | 13.67 |
EPS(TTM)2.42
EY4.76%
EPS(NY)3.95
Fwd EY7.76%
FCF(TTM)4.64
FCFY9.12%
OCF(TTM)5.09
OCFY10%
SpS32.63
BVpS8.87
TBVpS4.7
PEG (NY)2.49
PEG (5Y)N/A
Graham Number21.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.76% | ||
| ROE | 31.69% | ||
| ROCE | 10.52% | ||
| ROIC | 7.05% | ||
| ROICexc | 11.44% | ||
| ROICexgc | 17% | ||
| OM | 11.1% | ||
| PM (TTM) | 8.61% | ||
| GM | 93.47% | ||
| FCFM | 14.22% |
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-Score8
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.52 | ||
| Debt/FCF | 4.81 | ||
| Debt/EBITDA | 5.6 | ||
| Cap/Depr | 123.3% | ||
| Cap/Sales | 1.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 127.68% | ||
| Profit Quality | 165.08% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z | 2.33 |
F-Score8
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 Y8.45%
EPS Next 2Y29.87%
EPS Next 3Y28.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.54%
Revenue growth 3Y-2.59%
Revenue growth 5Y2.56%
Sales Q2Q%12.19%
Revenue Next Year7.33%
Revenue Next 2Y12.7%
Revenue Next 3Y12.04%
Revenue Next 5YN/A
EBIT growth 1Y-20.4%
EBIT growth 3Y-22.57%
EBIT growth 5Y-3.9%
EBIT Next Year19.5%
EBIT Next 3Y31.03%
EBIT Next 5YN/A
FCF growth 1Y371.37%
FCF growth 3Y-5.5%
FCF growth 5Y1.88%
OCF growth 1Y251.26%
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 5 / 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 21.02 and the Price/Book (PB) ratio is 5.73.
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 8.45% in the next year.