LA-Z-BOY INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. LA-Z-BOY INC has strong liquidity. Currently, the Quick Ratio is 1.81 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.01% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||357.88||346.53|
|Net Income ($mil)||17.95||16.48|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||127.85||164.78|
|Total Assets ($mil)||766.81||764.2|
|Total Debt ($mil)||0.38||7.92|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||37.68||36.82|
|Return on Assets||8.18||7.99|
|Return on Equity||11.92||12.32|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||51.27||52.42|
|Div / share||0.08||0.06|
|Book value / share||10.19||9.77|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||326301.0||306136.0|
BUY. The current P/E ratio indicates a discount compared to an average of 25.91 for the Household Durables industry and a premium compared to the S&P 500 average of 20.57. To use another comparison, its price-to-book ratio of 2.71 indicates valuation on par with the S&P 500 average of 2.84 and a discount versus the industry average of 3.37. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, LA-Z-BOY INC proves to trade at a discount to investment alternatives within the industry.
|LZB 23.56||Peers 25.91||LZB 16.97||Peers 15.12|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
LZB is trading at a valuation on par with its peers.
Premium. 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.
LZB is trading at a premium to its peers.
|LZB 17.90||Peers 17.62||LZB 1.43||Peers 0.91|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
LZB is trading at a premium to its peers.
Premium. 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.
LZB trades at a significant premium to its peers.
|LZB 2.71||Peers 3.37||LZB 0.00||Peers -26.58|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
LZB is trading at a discount to its peers.
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
The growth rate for LZB is not available.
|LZB 1.01||Peers 1.28||LZB 3.95||Peers 14.60|
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.
LZB is trading at a discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
LZB significantly trails its peers on the basis of sales growth
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