LA-Z-BOY INC's gross profit margin for the second quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. LA-Z-BOY INC has strong liquidity. Currently, the Quick Ratio is 1.87 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.13% 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||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||365.6||352.27|
|Net Income ($mil)||19.53||16.74|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||141.41||159.81|
|Total Assets ($mil)||770.73||749.5|
|Total Debt ($mil)||0.44||8.09|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||37.06||36.44|
|Return on Assets||7.95||8.23|
|Return on Equity||11.82||12.4|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||51.89||52.57|
|Div / share||0.06||0.04|
|Book value / share||10.09||9.57|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||311546.0||414768.0|
BUY. LA-Z-BOY INC's P/E ratio indicates a premium compared to an average of 23.24 for the Household Durables industry and a premium compared to the S&P 500 average of 19.47. To use another comparison, its price-to-book ratio of 2.68 indicates valuation on par with the S&P 500 average of 2.75 and a discount versus the industry average of 3.17. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount.
|LZB 23.34||Peers 23.24||LZB 15.53||Peers 17.01|
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.
Average. 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 valuation on par to its peers.
|LZB 17.03||Peers 18.18||LZB 0.98||Peers 1.59|
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.
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.
LZB trades at a significant discount to its peers.
|LZB 2.68||Peers 3.17||LZB 0.86||Peers -27.42|
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.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
LZB is expected to have an earnings growth rate that significantly exceeds its peers.
|LZB 1.01||Peers 1.33||LZB 4.00||Peers 16.17|
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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