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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lazard Ltd
LAZ : NYSE : Financial
$50.89 -0.26 | -0.51%
Today's Range: 50.68 - 51.20
Avg. Daily Volume: 814,700
07/11/14 - 4:01 PM ET

Financial Analysis


LAZARD LTD's gross profit margin for the first quarter of its fiscal year 2014 has significantly increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.16% from the same quarter last year.

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Income Statement Q1 FY14 Q1 FY13
Net Sales ($mil)549.35422.06
EBITDA ($mil)133.2177.01
EBIT ($mil)123.1368.07
Net Income ($mil)80.8415.36


Balance Sheet Q1 FY14 Q1 FY13
Cash & Equiv. ($mil)1005.44900.74
Total Assets ($mil)2898.22728.17
Total Debt ($mil)1068.931096.42
Equity ($mil)485.84496.6


Profitability Q1 FY14 Q1 FY13
Gross Profit Margin24.2518.25
EBITDA Margin24.2418.24
Operating Margin22.4116.13
Sales Turnover0.760.7
Return on Assets7.782.71
Return on Equity46.4514.92
Debt Q1 FY14 Q1 FY13
Current Ratio0.00.0
Debt/Capital0.690.69
Interest Expense15.9520.16
Interest Coverage7.723.38


Share Data Q1 FY14 Q1 FY13
Shares outstanding (mil)123.0121.41
Div / share0.30.0
EPS0.610.12
Book value / share3.954.09
Institutional Own % n/a n/a
Avg Daily Volume816012.0750436.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 25.72 for the Capital Markets industry and a significant premium compared to the S&P 500 average of 19.71. For additional comparison, its price-to-book ratio of 13.02 indicates a significant premium versus the S&P 500 average of 2.72 and a significant premium versus the industry average of 2.32. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, LAZARD LTD proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LAZ 30.25 Peers 25.72   LAZ 9.52 Peers 20.86

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

LAZ is trading at a premium to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

LAZ is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LAZ 16.06 Peers 16.19   LAZ 0.24 Peers 1.03

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

LAZ is trading at a premium to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

LAZ trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LAZ 13.02 Peers 2.32   LAZ 198.24 Peers 99.88

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

LAZ is trading at a significant premium to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

LAZ is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LAZ 2.89 Peers 3.85   LAZ 14.78 Peers 8.84

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

LAZ is trading at a discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

LAZ has a sales growth rate that significantly exceeds its peers.

 

 

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