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LA-Z-BOY INC (LZB) Stock Fundamental Analysis

USA - NYSE:LZB - US5053361078 - Common Stock

34.01 USD
-1 (-2.86%)
Last: 9/12/2025, 1:10:38 PM
Fundamental Rating

5

Overall LZB gets a fundamental rating of 5 out of 10. We evaluated LZB against 63 industry peers in the Household Durables industry. LZB has only an average score on both its financial health and profitability. LZB has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year LZB was profitable.
In the past year LZB had a positive cash flow from operations.
LZB had positive earnings in each of the past 5 years.
Each year in the past 5 years LZB had a positive operating cash flow.
LZB Yearly Net Income VS EBIT VS OCF VS FCFLZB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

LZB has a Return On Assets (4.76%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 9.01%, LZB is in line with its industry, outperforming 49.21% of the companies in the same industry.
The Return On Invested Capital of LZB (6.96%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for LZB is in line with the industry average of 10.51%.
Industry RankSector Rank
ROA 4.76%
ROE 9.01%
ROIC 6.96%
ROA(3y)6.55%
ROA(5y)6.68%
ROE(3y)12.66%
ROE(5y)14.05%
ROIC(3y)8.59%
ROIC(5y)9.19%
LZB Yearly ROA, ROE, ROICLZB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

With a Profit Margin value of 4.35%, LZB perfoms like the industry average, outperforming 50.79% of the companies in the same industry.
LZB's Profit Margin has been stable in the last couple of years.
LZB's Operating Margin of 6.93% is in line compared to the rest of the industry. LZB outperforms 49.21% of its industry peers.
LZB's Operating Margin has declined in the last couple of years.
LZB has a Gross Margin of 43.79%. This is amongst the best in the industry. LZB outperforms 82.54% of its industry peers.
In the last couple of years the Gross Margin of LZB has remained more or less at the same level.
Industry RankSector Rank
OM 6.93%
PM (TTM) 4.35%
GM 43.79%
OM growth 3Y-5.45%
OM growth 5Y-2.81%
PM growth 3Y-9.48%
PM growth 5Y0.77%
GM growth 3Y4.16%
GM growth 5Y0.74%
LZB Yearly Profit, Operating, Gross MarginsLZB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LZB is destroying value.
The number of shares outstanding for LZB has been reduced compared to 1 year ago.
The number of shares outstanding for LZB has been reduced compared to 5 years ago.
Compared to 1 year ago, LZB has a worse debt to assets ratio.
LZB Yearly Shares OutstandingLZB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
LZB Yearly Total Debt VS Total AssetsLZB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

LZB has an Altman-Z score of 2.96. This is not the best score and indicates that LZB is in the grey zone with still only limited risk for bankruptcy at the moment.
LZB has a Altman-Z score (2.96) which is in line with its industry peers.
LZB has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.96
ROIC/WACC0.79
WACC8.8%
LZB Yearly LT Debt VS Equity VS FCFLZB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

LZB has a Current Ratio of 1.91. This is a normal value and indicates that LZB is financially healthy and should not expect problems in meeting its short term obligations.
LZB has a Current ratio of 1.91. This is in the lower half of the industry: LZB underperforms 65.08% of its industry peers.
LZB has a Quick Ratio of 1.30. This is a normal value and indicates that LZB is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.30, LZB is in the better half of the industry, outperforming 68.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.91
Quick Ratio 1.3
LZB Yearly Current Assets VS Current LiabilitesLZB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

3

3. Growth

3.1 Past

LZB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.71%.
LZB shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.39% yearly.
LZB shows a small growth in Revenue. In the last year, the Revenue has grown by 2.18%.
The Revenue has been growing slightly by 4.36% on average over the past years.
EPS 1Y (TTM)-6.71%
EPS 3Y-2.07%
EPS 5Y6.39%
EPS Q2Q%-24.19%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y-3.63%
Revenue growth 5Y4.36%
Sales Q2Q%-0.67%

3.2 Future

The Earnings Per Share is expected to grow by 4.35% on average over the next years.
Based on estimates for the next years, LZB will show a small growth in Revenue. The Revenue will grow by 2.91% on average per year.
EPS Next Y-12.56%
EPS Next 2Y1.97%
EPS Next 3Y1.68%
EPS Next 5Y4.35%
Revenue Next Year1.75%
Revenue Next 2Y2.89%
Revenue Next 3Y2.88%
Revenue Next 5Y2.91%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
LZB Yearly Revenue VS EstimatesLZB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
LZB Yearly EPS VS EstimatesLZB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

5

4. Valuation

4.1 Price/Earnings Ratio

LZB is valuated correctly with a Price/Earnings ratio of 12.23.
The rest of the industry has a similar Price/Earnings ratio as LZB.
LZB is valuated cheaply when we compare the Price/Earnings ratio to 27.43, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 11.16, the valuation of LZB can be described as reasonable.
LZB's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LZB is cheaper than 69.84% of the companies in the same industry.
LZB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.87.
Industry RankSector Rank
PE 12.23
Fwd PE 11.16
LZB Price Earnings VS Forward Price EarningsLZB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, LZB is valued cheaper than 88.89% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LZB indicates a somewhat cheap valuation: LZB is cheaper than 79.37% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.89
EV/EBITDA 5.83
LZB Per share dataLZB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.92
EPS Next 2Y1.97%
EPS Next 3Y1.68%

6

5. Dividend

5.1 Amount

LZB has a Yearly Dividend Yield of 2.43%. Purely for dividend investing, there may be better candidates out there.
LZB's Dividend Yield is rather good when compared to the industry average which is at 2.71. LZB pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, LZB has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.43%

5.2 History

On average, the dividend of LZB grows each year by 9.12%, which is quite nice.
LZB has been paying a dividend for at least 10 years, so it has a reliable track record.
LZB has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.12%
Div Incr Years4
Div Non Decr Years4
LZB Yearly Dividends per shareLZB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

38.86% of the earnings are spent on dividend by LZB. This is a low number and sustainable payout ratio.
LZB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP38.86%
EPS Next 2Y1.97%
EPS Next 3Y1.68%
LZB Yearly Income VS Free CF VS DividendLZB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
LZB Dividend Payout.LZB Dividend Payout, showing the Payout Ratio.LZB Dividend Payout.PayoutRetained Earnings

LA-Z-BOY INC

NYSE:LZB (9/12/2025, 1:10:38 PM)

34.01

-1 (-2.86%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)08-19 2025-08-19/amc
Earnings (Next)11-17 2025-11-17
Inst Owners105.26%
Inst Owner Change-2.68%
Ins Owners2.55%
Ins Owner Change16.54%
Market Cap1.40B
Analysts74.29
Price Target41.82 (22.96%)
Short Float %6.91%
Short Ratio5.06
Dividend
Industry RankSector Rank
Dividend Yield 2.43%
Yearly Dividend0.84
Dividend Growth(5Y)9.12%
DP38.86%
Div Incr Years4
Div Non Decr Years4
Ex-Date09-04 2025-09-04 (0.22)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.72%
Min EPS beat(2)-15.39%
Max EPS beat(2)-2.05%
EPS beat(4)1
Avg EPS beat(4)-2.41%
Min EPS beat(4)-15.39%
Max EPS beat(4)9.27%
EPS beat(8)4
Avg EPS beat(8)4.77%
EPS beat(12)8
Avg EPS beat(12)12.02%
EPS beat(16)11
Avg EPS beat(16)11.28%
Revenue beat(2)1
Avg Revenue beat(2)0.02%
Min Revenue beat(2)-1.35%
Max Revenue beat(2)1.39%
Revenue beat(4)3
Avg Revenue beat(4)0.5%
Min Revenue beat(4)-1.35%
Max Revenue beat(4)1.95%
Revenue beat(8)6
Avg Revenue beat(8)0.74%
Revenue beat(12)10
Avg Revenue beat(12)1.58%
Revenue beat(16)13
Avg Revenue beat(16)1.96%
PT rev (1m)-10.87%
PT rev (3m)-10.87%
EPS NQ rev (1m)-23.53%
EPS NQ rev (3m)-23.69%
EPS NY rev (1m)-20.98%
EPS NY rev (3m)-22.5%
Revenue NQ rev (1m)-2.26%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)-1.51%
Revenue NY rev (3m)-1.69%
Valuation
Industry RankSector Rank
PE 12.23
Fwd PE 11.16
P/S 0.67
P/FCF 14.89
P/OCF 8.18
P/B 1.38
P/tB 1.85
EV/EBITDA 5.83
EPS(TTM)2.78
EY8.17%
EPS(NY)3.05
Fwd EY8.96%
FCF(TTM)2.28
FCFY6.72%
OCF(TTM)4.16
OCFY12.22%
SpS51.1
BVpS24.66
TBVpS18.43
PEG (NY)N/A
PEG (5Y)1.92
Profitability
Industry RankSector Rank
ROA 4.76%
ROE 9.01%
ROCE 9.67%
ROIC 6.96%
ROICexc 8.84%
ROICexgc 11.27%
OM 6.93%
PM (TTM) 4.35%
GM 43.79%
FCFM 4.47%
ROA(3y)6.55%
ROA(5y)6.68%
ROE(3y)12.66%
ROE(5y)14.05%
ROIC(3y)8.59%
ROIC(5y)9.19%
ROICexc(3y)11.28%
ROICexc(5y)12.34%
ROICexgc(3y)14.64%
ROICexgc(5y)16.2%
ROCE(3y)11.95%
ROCE(5y)12.79%
ROICexcg growth 3Y-14.13%
ROICexcg growth 5Y-4.21%
ROICexc growth 3Y-13.73%
ROICexc growth 5Y-4.28%
OM growth 3Y-5.45%
OM growth 5Y-2.81%
PM growth 3Y-9.48%
PM growth 5Y0.77%
GM growth 3Y4.16%
GM growth 5Y0.74%
F-Score8
Asset Turnover1.09
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 168.21%
Cap/Sales 3.66%
Interest Coverage 250
Cash Conversion 89.24%
Profit Quality 102.75%
Current Ratio 1.91
Quick Ratio 1.3
Altman-Z 2.96
F-Score8
WACC8.8%
ROIC/WACC0.79
Cap/Depr(3y)146.87%
Cap/Depr(5y)149.65%
Cap/Sales(3y)3.02%
Cap/Sales(5y)2.9%
Profit Quality(3y)96.43%
Profit Quality(5y)109.29%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.71%
EPS 3Y-2.07%
EPS 5Y6.39%
EPS Q2Q%-24.19%
EPS Next Y-12.56%
EPS Next 2Y1.97%
EPS Next 3Y1.68%
EPS Next 5Y4.35%
Revenue 1Y (TTM)2.18%
Revenue growth 3Y-3.63%
Revenue growth 5Y4.36%
Sales Q2Q%-0.67%
Revenue Next Year1.75%
Revenue Next 2Y2.89%
Revenue Next 3Y2.88%
Revenue Next 5Y2.91%
EBIT growth 1Y-1.75%
EBIT growth 3Y-8.89%
EBIT growth 5Y1.43%
EBIT Next Year39.16%
EBIT Next 3Y12.57%
EBIT Next 5Y11.64%
FCF growth 1Y-31.15%
FCF growth 3Y261.09%
FCF growth 5Y-0.9%
OCF growth 1Y-13.51%
OCF growth 3Y33.34%
OCF growth 5Y2.66%