LAZ : NYSE : Financial
$43.31 up 0.2 | 0.46%
Today's Range: 42.9 - 43.76
Avg. Daily Volume: 695500.0
09/20/17 - 3:59 PM ET

Financial Analysis


LAZARD LTD's gross profit margin for the second 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 significantly, outpacing the average growth rates of competitors within its industry.

During the same period, stockholders' equity ("net worth") has increased by 8.44% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)728.34545.47
EBITDA ($mil)195.79132.6
EBIT ($mil)187.25124.03
Net Income ($mil)120.3880.36


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)1746.631347.29
Total Assets ($mil)4769.764215.62
Total Debt ($mil)1194.021032.29
Equity ($mil)1243.031146.2


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin26.8824.31
EBITDA Margin26.8824.3
Operating Margin25.7122.74
Sales Turnover0.560.53
Return on Assets9.8216.68
Return on Equity37.6861.37
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.490.47
Interest Expense12.7711.96
Interest Coverage14.6710.37


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)121.61124.56
Div / share0.410.38
EPS0.910.61
Book value / share10.229.2
Institutional Own % n/a n/a
Avg Daily Volume710239.0957400.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.01 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 4.07 indicates a premium versus the S&P 500 average of 3.10 and a premium versus the industry average of 3.76. 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 11.78 Peers 21.01   LAZ 5.88 Peers 20.56

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 11.47 Peers 18.04   LAZ 0.64 Peers 2.22

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.

 

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 4.07 Peers 3.76   LAZ -33.15 Peers 55.04

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 1.89 Peers 4.09   LAZ 19.36 Peers 19.17

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.

LAZ is trading at a significant discount to its industry on this measurement.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

LAZ is keeping pace with its peers on the basis of sales growth.

 

 

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