LAZ : NYSE : Financial
$47.61 up 0.21 | 0.44%
Today's Range: 47.28 - 47.6
Avg. Daily Volume: 884500.0
07/24/17 - 11:01 AM ET

Financial Analysis


LAZARD LTD's gross profit margin for the first quarter of its fiscal year 2017 has increased 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.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 1.05% from the same quarter last year.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)635.77508.74
EBITDA ($mil)173.74117.94
EBIT ($mil)165.24108.9
Net Income ($mil)107.5566.82


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)1497.641122.91
Total Assets ($mil)4385.264011.59
Total Debt ($mil)1200.251001.62
Equity ($mil)1153.081165.33


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin27.3323.18
EBITDA Margin27.3223.18
Operating Margin25.9921.41
Sales Turnover0.570.58
Return on Assets9.7624.85
Return on Equity37.1585.57
Debt Q1 FY17 Q1 FY16
Current Ratio0.00.0
Debt/Capital0.510.46
Interest Expense13.9611.9
Interest Coverage11.849.15


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)122.89126.76
Div / share1.581.55
EPS0.810.5
Book value / share9.389.19
Institutional Own % n/a n/a
Avg Daily Volume903828.0974767.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.88 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 24.66. Conducting a second comparison, its price-to-book ratio of 5.01 indicates a significant premium versus the S&P 500 average of 3.07 and a premium versus the industry average of 4.29. The price-to-sales ratio is above the S&P 500 average, but well below the industry average. The valuation analysis reveals that, LAZARD LTD seems to be trading at a discount 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 14.56 Peers 21.88   LAZ 7.26 Peers 19.04

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

LAZ is trading at a significant discount 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 12.94 Peers 18.18   LAZ 0.86 Peers 2.33

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

LAZ is trading at a discount 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 5.01 Peers 4.29   LAZ -56.88 Peers 57.41

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 premium to its peers.

 

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

However, LAZ is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LAZ 2.32 Peers 4.07   LAZ 7.66 Peers 11.76

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 significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

LAZ significantly trails its peers on the basis of sales growth

 

 

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