La-Z-Boy Inc.

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LZB : NYSE : Consumer Durables
$30.2 -0.15 | -0.49%
Today's Range: 30.2 - 30.75
Avg. Daily Volume: 331800.0
03/21/18 - 4:02 PM ET

Financial Analysis

LA-Z-BOY INC's gross profit margin for the third quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. LA-Z-BOY INC has strong liquidity. Currently, the Quick Ratio is 1.52 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.37% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)413.64389.99
EBITDA ($mil)48.1640.88
EBIT ($mil)40.3633.57
Net Income ($mil)12.1123.29

Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)153.73135.01
Total Assets ($mil)893.5864.6
Total Debt ($mil)0.480.59
Equity ($mil)589.88576.19

Profitability Q3 FY17 Q3 FY16
Gross Profit Margin41.1742.08
EBITDA Margin11.6410.48
Operating Margin9.768.61
Sales Turnover1.761.76
Return on Assets8.359.32
Return on Equity12.6513.99
Debt Q3 FY17 Q3 FY16
Current Ratio2.592.62
Interest Expense0.110.16
Interest Coverage357.14207.23

Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)47.0748.86
Div / share0.120.11
Book value / share12.5311.79
Institutional Own % n/a n/a
Avg Daily Volume348549.0441293.0


BUY. This stock's P/E ratio indicates a premium compared to an average of 17.27 for the Household Durables industry and a discount compared to the S&P 500 average of 25.66. For additional comparison, its price-to-book ratio of 2.44 indicates a discount versus the S&P 500 average of 3.28 and a discount versus the industry average of 2.69. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LZB 20.00 Peers 17.27   LZB 9.92 Peers 12.93

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

LZB is trading at a premium 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 discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LZB 14.00 Peers 13.57   LZB 2.66 Peers 0.32

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

LZB is trading at a premium to its peers.


Premium. 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 significant premium to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LZB 2.44 Peers 2.69   LZB -5.56 Peers 732.14

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.

LZB 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, LZB is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LZB 0.91 Peers 1.17   LZB 3.42 Peers 11.95

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 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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