LAZ : NYSE : Financial
$40.74 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 1025100.0
01/23/17 - 4:02 PM ET

Financial Analysis


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

During the same period, stockholders' equity ("net worth") has increased by 7.66% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)619.97584.21
EBITDA ($mil)168.88169.51
EBIT ($mil)160.06160.65
Net Income ($mil)112.54398.52


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)1423.921171.43
Total Assets ($mil)4302.34148.04
Total Debt ($mil)1002.041011.11
Equity ($mil)1243.181154.66


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin27.2429.02
EBITDA Margin27.2329.01
Operating Margin25.8227.5
Sales Turnover0.530.59
Return on Assets9.724.13
Return on Equity33.5886.69
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.450.47
Interest Expense12.1911.8
Interest Coverage13.1313.62


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)123.99125.5
Div / share0.380.35
EPS0.852.99
Book value / share10.039.2
Institutional Own % n/a n/a
Avg Daily Volume1018202.0712091.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 22.56 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 25.41. To use another comparison, its price-to-book ratio of 4.08 indicates a premium versus the S&P 500 average of 2.83 and a discount versus the industry average of 4.31. The price-to-sales ratio is above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, LAZARD LTD proves to trade 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 13.03 Peers 22.56   LAZ 7.66 Peers 14.65

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 12.55 Peers 40.15   LAZ NM Peers 2.73

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 4.08 Peers 4.31   LAZ -58.25 Peers 47.28

Average. 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.

LAZ is trading at a valuation on par with 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 2.23 Peers 6.82   LAZ -6.83 Peers 3.07

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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