La-Z-Boy Inc

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LZB : NYSE : Consumer Goods
$26.95 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 360000.0
05/26/17 - 4:02 PM ET

Financial Analysis


LA-Z-BOY INC's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged 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. LA-Z-BOY INC has average liquidity. Currently, the Quick Ratio is 1.46 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 6.36% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)389.99384.01
EBITDA ($mil)40.1941.49
EBIT ($mil)32.8834.86
Net Income ($mil)23.2921.91


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)135.01119.07
Total Assets ($mil)864.6787.2
Total Debt ($mil)0.590.86
Equity ($mil)576.19541.69


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin41.9140.26
EBITDA Margin10.310.8
Operating Margin8.439.08
Sales Turnover1.761.88
Return on Assets9.329.74
Return on Equity13.9914.09
Debt Q3 FY16 Q3 FY15
Current Ratio2.623.1
Debt/Capital0.00.0
Interest Expense0.560.12
Interest Coverage58.51290.52


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)48.8649.89
Div / share0.110.1
EPS0.470.43
Book value / share11.7910.86
Institutional Own % n/a n/a
Avg Daily Volume367112.0401190.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 29.08 for the Household Durables industry and a discount compared to the S&P 500 average of 25.54. For additional comparison, its price-to-book ratio of 2.29 indicates a discount versus the S&P 500 average of 3.06 and a discount versus the industry average of 2.63. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, LA-Z-BOY INC 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
LZB 16.67 Peers 29.08   LZB 9.83 Peers 13.76

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

LZB 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.

LZB 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
LZB 14.84 Peers 32.30   LZB 3.23 Peers 3.95

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

LZB 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.

LZB 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
LZB 2.29 Peers 2.63   LZB 8.72 Peers 21.86

Discount. 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.

LZB is trading at a discount to its peers.

 

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

However, LZB 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
LZB 0.87 Peers 1.25   LZB 2.77 Peers 25.43

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.

LZB 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.

LZB significantly trails its peers on the basis of sales growth

 

 

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