La-Z-Boy Inc

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LZB : NYSE : Consumer Goods
$32.55 up 0.25 | 0.77%
Today's Range: 32.2 - 32.7
Avg. Daily Volume: 496800.0
07/20/17 - 4:02 PM ET

Financial Analysis

LA-Z-BOY INC's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. LA-Z-BOY INC has strong liquidity. Currently, the Quick Ratio is 1.60 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 7.81% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)412.71417.07
EBITDA ($mil)50.5841.6
EBIT ($mil)42.7634.39
Net Income ($mil)28.022.72

Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)167.77136.65
Total Assets ($mil)888.86800.03
Total Debt ($mil)0.520.8
Equity ($mil)589.92547.14

Profitability Q4 FY16 Q4 FY15
Gross Profit Margin42.6541.05
EBITDA Margin12.259.97
Operating Margin10.368.25
Sales Turnover1.711.91
Return on Assets9.669.9
Return on Equity14.5614.48
Debt Q4 FY16 Q4 FY15
Current Ratio2.63.06
Interest Expense0.180.12
Interest Coverage238.9284.25

Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)48.4749.33
Div / share0.110.1
Book value / share12.1711.09
Institutional Own % n/a n/a
Avg Daily Volume487821.0370100.0


BUY. The current P/E ratio indicates a significant discount compared to an average of 31.53 for the Household Durables industry and a discount compared to the S&P 500 average of 24.41. For additional comparison, its price-to-book ratio of 2.60 indicates a discount versus the S&P 500 average of 3.04 and a discount versus the industry average of 2.72. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LZB 18.22 Peers 31.53   LZB 10.51 Peers 15.18

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
LZB 15.39 Peers 16.76   LZB 2.43 Peers 1.80

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

LZB is trading at a valuation on par with 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 2.60 Peers 2.72   LZB 11.53 Peers 20.31

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 1.01 Peers 1.27   LZB -0.35 Peers 24.49

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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