La-Z-Boy Inc

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LZB : NYSE : Consumer Goods
$27.325 up 0.47 | 1.8%
Today's Range: 26.7 - 27.525
Avg. Daily Volume: 356400.0
03/29/17 - 3:59 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 its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. 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
Interest Expense0.560.12
Interest Coverage58.51290.52

Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)48.8649.89
Div / share0.110.1
Book value / share11.7910.86
Institutional Own % n/a n/a
Avg Daily Volume344140.0376086.0


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.08 for the Household Durables industry and a discount compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 2.34 indicates a discount versus the S&P 500 average of 2.93 and a discount versus the industry average of 2.56. 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 17.07 Peers 21.08   LZB 10.06 Peers 16.77

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

LZB is trading at a 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 15.19 Peers 28.25   LZB 2.41 Peers 1.33

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.


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 2.34 Peers 2.56   LZB 8.72 Peers -10.01

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.


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

LZB is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LZB 0.89 Peers 1.22   LZB 2.77 Peers 23.35

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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