LAZ : NYSE : Financial
$44.96 | %
Today's Range: 44.13 - 45.04
Avg. Daily Volume: 1135900.0
05/26/17 - 4:02 PM 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 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.

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 Volume1170897.0914992.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 20.16 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 25.02. Conducting a second comparison, its price-to-book ratio of 4.64 indicates a significant premium versus the S&P 500 average of 3.00 and a premium versus the industry average of 3.55. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly 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 13.49 Peers 20.16   LAZ 6.72 Peers 17.68

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 11.93 Peers 16.89   LAZ 0.92 Peers 1.05

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 discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LAZ 4.64 Peers 3.55   LAZ -56.88 Peers 57.45

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.

 

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 2.15 Peers 3.82   LAZ 7.66 Peers 10.47

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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