LAZARD INC (LAZ) Stock Fundamental Analysis
NYSE:LAZ - New York Stock Exchange, Inc. - US52110M1099 - Common Stock - Currency: USD
Overall LAZ gets a fundamental rating of 5 out of 10. We evaluated LAZ against 223 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year LAZ was profitable.
In the past year LAZ had a positive cash flow from operations.
LAZ had positive earnings in 4 of the past 5 years.
Of the past 5 years LAZ 4 years had a positive operating cash flow.
1.2 Ratios
LAZ has a Return On Assets of 5.21%. This is in the better half of the industry: LAZ outperforms 71.56% of its industry peers.
LAZ has a better Return On Equity (40.19%) than 98.17% of its industry peers.
LAZ has a Return On Invested Capital of 7.84%. This is in the better half of the industry: LAZ outperforms 77.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LAZ is in line with the industry average of 6.74%.
The last Return On Invested Capital (7.84%) for LAZ is above the 3 year average (5.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 40.19% | ||
| ROIC | 7.84% |
ROA(3y)2.76%
ROA(5y)4.43%
ROE(3y)24.84%
ROE(5y)34.21%
ROIC(3y)5.44%
ROIC(5y)6.54%
1.3 Margins
The Profit Margin of LAZ (7.98%) is worse than 64.22% of its industry peers.
In the last couple of years the Profit Margin of LAZ has declined.
The Operating Margin of LAZ (13.73%) is worse than 66.51% of its industry peers.
LAZ's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 93.82%, LAZ belongs to the top of the industry, outperforming 92.66% 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 | 13.73% | ||
| PM (TTM) | 7.98% | ||
| GM | 93.82% |
OM growth 3Y-23.81%
OM growth 5Y-8.65%
PM growth 3Y-26.55%
PM growth 5Y-9.95%
GM growth 3Y0.02%
GM growth 5Y0.19%
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.
The debt/assets ratio for LAZ has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.37 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 2.37, LAZ is in the better half of the industry, outperforming 74.77% of the companies in the same industry.
The Debt to FCF ratio of LAZ is 3.36, which is a good value as it means it would take LAZ, 3.36 years of fcf income to pay off all of its debts.
LAZ has a Debt to FCF ratio of 3.36. This is in the better half of the industry: LAZ outperforms 69.72% of its industry peers.
A Debt/Equity ratio of 3.67 is on the high side and indicates that LAZ has dependencies on debt financing.
The Debt to Equity ratio of LAZ (3.67) is worse than 83.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.67 | ||
| Debt/FCF | 3.36 | ||
| Altman-Z | 2.37 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
LAZ has a Current Ratio of 1.43. 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 1.43 is fine compared to the rest of the industry. LAZ outperforms 61.01% of its industry peers.
A Quick Ratio of 1.43 indicates that LAZ should not have too much problems paying its short term obligations.
LAZ has a better Quick ratio (1.43) than 61.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.43 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 216.22% over the past year.
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 16.88% in the last year.
LAZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.73% yearly.
EPS 1Y (TTM)216.22%
EPS 3Y-22.62%
EPS 5Y-6.47%
EPS Q2Q%18.18%
Revenue 1Y (TTM)16.88%
Revenue growth 3Y-2.31%
Revenue growth 5Y2.73%
Sales Q2Q%6.76%
3.2 Future
Based on estimates for the next years, LAZ will show a very strong growth in Earnings Per Share. The EPS will grow by 40.02% on average per year.
LAZ is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.61% yearly.
EPS Next Y64.67%
EPS Next 2Y43.96%
EPS Next 3Y40.02%
EPS Next 5YN/A
Revenue Next Year12.72%
Revenue Next 2Y12.11%
Revenue Next 3Y10.61%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
Based on the Price/Earnings ratio of 22.47, the valuation of LAZ can be described as rather expensive.
Based on the Price/Earnings ratio, LAZ is valued a bit more expensive than 61.01% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.47, LAZ is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.65, the valuation of LAZ can be described as correct.
LAZ's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, LAZ is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.47 | ||
| Fwd PE | 13.65 |
4.2 Price Multiples
80.73% of the companies in the same industry are more expensive than LAZ, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, LAZ is valued a bit cheaper than the industry average as 72.48% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.69 | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
LAZ's earnings are expected to grow with 40.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y43.96%
EPS Next 3Y40.02%
5. Dividend
5.1 Amount
LAZ has a Yearly Dividend Yield of 3.77%. Purely for dividend investing, there may be better candidates out there.
LAZ's Dividend Yield is comparable with the industry average which is at 9.39.
LAZ's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
5.2 History
The dividend of LAZ decreases each year by -7.96%.
LAZ has been paying a dividend for at least 10 years, so it has a reliable track record.
LAZ has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-7.96%
Div Incr Years2
Div Non Decr Years11
5.3 Sustainability
LAZ pays out 70.75% of its income as dividend. This is not a sustainable payout ratio.
DP70.75%
EPS Next 2Y43.96%
EPS Next 3Y40.02%
LAZARD INC
NYSE:LAZ (2/5/2025, 11:47:12 AM)
52.58
+0.38 (+0.73%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners69.13%
Inst Owner Change-2.22%
Ins Owners0.85%
Ins Owner Change-5.31%
Market Cap5.93B
Analysts71.43
Price Target54.93 (4.47%)
Short Float %5.24%
Short Ratio6.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
Yearly Dividend2
Dividend Growth(5Y)-7.96%
DP70.75%
Div Incr Years2
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)21.69%
Min EPS beat(2)-4.93%
Max EPS beat(2)48.31%
EPS beat(4)3
Avg EPS beat(4)33.18%
Min EPS beat(4)-4.93%
Max EPS beat(4)60.56%
EPS beat(8)4
Avg EPS beat(8)1.08%
EPS beat(12)8
Avg EPS beat(12)7.9%
EPS beat(16)11
Avg EPS beat(16)12.88%
Revenue beat(2)1
Avg Revenue beat(2)2.1%
Min Revenue beat(2)-1.93%
Max Revenue beat(2)6.12%
Revenue beat(4)3
Avg Revenue beat(4)6.52%
Min Revenue beat(4)-1.93%
Max Revenue beat(4)11.26%
Revenue beat(8)5
Avg Revenue beat(8)3.48%
Revenue beat(12)8
Avg Revenue beat(12)5.06%
Revenue beat(16)12
Avg Revenue beat(16)7.57%
PT rev (1m)-8.52%
PT rev (3m)-0.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-3.98%
EPS NY rev (3m)-16.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)-1.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.47 | ||
| Fwd PE | 13.65 | ||
| P/S | 1.89 | ||
| P/FCF | 8.69 | ||
| P/OCF | 8.22 | ||
| P/B | 9.5 | ||
| P/tB | 25.81 | ||
| EV/EBITDA | 13.5 |
EPS(TTM)2.34
EY4.45%
EPS(NY)3.85
Fwd EY7.33%
FCF(TTM)6.05
FCFY11.5%
OCF(TTM)6.4
OCFY12.17%
SpS27.88
BVpS5.54
TBVpS2.04
PEG (NY)0.35
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 40.19% | ||
| ROCE | 13.04% | ||
| ROIC | 7.84% | ||
| ROICexc | 13.15% | ||
| ROICexgc | 20.74% | ||
| OM | 13.73% | ||
| PM (TTM) | 7.98% | ||
| GM | 93.82% | ||
| FCFM | 21.69% |
ROA(3y)2.76%
ROA(5y)4.43%
ROE(3y)24.84%
ROE(5y)34.21%
ROIC(3y)5.44%
ROIC(5y)6.54%
ROICexc(3y)9.81%
ROICexc(5y)13.04%
ROICexgc(3y)13.85%
ROICexgc(5y)17.35%
ROCE(3y)9.72%
ROCE(5y)12.57%
ROICexcg growth 3Y-7.69%
ROICexcg growth 5Y-2.72%
ROICexc growth 3Y-16.75%
ROICexc growth 5Y-6.82%
OM growth 3Y-23.81%
OM growth 5Y-8.65%
PM growth 3Y-26.55%
PM growth 5Y-9.95%
GM growth 3Y0.02%
GM growth 5Y0.19%
F-Score7
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.67 | ||
| Debt/FCF | 3.36 | ||
| Debt/EBITDA | 4.87 | ||
| Cap/Depr | 103.07% | ||
| Cap/Sales | 1.25% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 153.49% | ||
| Profit Quality | 271.87% | ||
| Current Ratio | 1.43 | ||
| Quick Ratio | 1.43 | ||
| Altman-Z | 2.37 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)216.22%
EPS 3Y-22.62%
EPS 5Y-6.47%
EPS Q2Q%18.18%
EPS Next Y64.67%
EPS Next 2Y43.96%
EPS Next 3Y40.02%
EPS Next 5YN/A
Revenue 1Y (TTM)16.88%
Revenue growth 3Y-2.31%
Revenue growth 5Y2.73%
Sales Q2Q%6.76%
Revenue Next Year12.72%
Revenue Next 2Y12.11%
Revenue Next 3Y10.61%
Revenue Next 5YN/A
EBIT growth 1Y271.67%
EBIT growth 3Y-25.57%
EBIT growth 5Y-6.15%
EBIT Next Year65.27%
EBIT Next 3Y17.57%
EBIT Next 5YN/A
FCF growth 1Y630.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y425.16%
OCF growth 3YN/A
OCF growth 5YN/A