LAZ : NYSE : Financial
$33.57 | %
Today's Range: 33.01 - 33.75
Avg. Daily Volume: 1,046,800
07/22/16 - 4:02 PM ET

Financial Analysis


LAZARD LTD's gross profit margin for the first quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased.

At the same time, stockholders' equity ("net worth") has greatly increased by 146.32% from the same quarter last year.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)508.74592.96
EBITDA ($mil)117.94159.0
EBIT ($mil)108.9150.09
Net Income ($mil)66.8255.95


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)1122.91870.66
Total Assets ($mil)4011.592827.73
Total Debt ($mil)1001.621011.63
Equity ($mil)1165.33473.08


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin23.1826.81
EBITDA Margin23.1826.81
Operating Margin21.4125.31
Sales Turnover0.580.85
Return on Assets24.8514.23
Return on Equity85.5785.05
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.460.68
Interest Expense11.916.14
Interest Coverage9.159.3


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)126.76126.01
Div / share1.551.3
EPS0.50.42
Book value / share9.193.75
Institutional Own % n/a n/a
Avg Daily Volume1055202.01052985.0

Valuation


HOLD. LAZARD LTD's P/E ratio indicates a significant discount compared to an average of 18.71 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 25.03. To use another comparison, its price-to-book ratio of 3.53 indicates a premium versus the S&P 500 average of 2.80 and a significant premium versus the industry average of 1.66. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. 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 4.33 Peers 18.71   LAZ 5.40 Peers 14.23

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 10.17 Peers 15.75   LAZ NM Peers 1.90

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 significant discount to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LAZ 3.53 Peers 1.66   LAZ 148.01 Peers -44.11

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 1.78 Peers 2.94   LAZ -3.64 Peers -1.73

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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