Lazard Ltd (LAZ)

NYSE: LAZ · IEX Real-Time Price · USD
+0.36 (1.10%)
Mar 27, 2023, 4:00 PM EDT - Market closed

Total Valuation

Lazard has a market cap or net worth of $2.88 billion. The enterprise value is $3.22 billion.

Market Cap 2.88B
Enterprise Value 3.22B

Important Dates

The next earnings date is Thursday, April 27, 2023, before market open.

Estimated Earnings Date Apr 27, 2023
Ex-Dividend Date Feb 10, 2023

Share Statistics

Lazard has 87.08 million shares outstanding. The number of shares has decreased by -11.15% in one year.

Shares Outstanding 87.08M
Shares Change (YoY) -11.15%
Shares Change (QoQ) -4.73%
Owned by Insiders (%) 3.32%
Owned by Institutions (%) 58.40%
Float 80.75M

Valuation Ratios

The trailing PE ratio is 9.43 and the forward PE ratio is 11.14. Lazard's PEG ratio is 6.51.

PE Ratio 9.43
Forward PE 11.14
PS Ratio 1.04
Forward PS 0.95
PB Ratio 5.18
P/FCF Ratio 3.67
PEG Ratio 6.51
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 5.51, with an EV/FCF ratio of 4.11.

EV / Earnings 9.01
EV / Sales 1.16
EV / EBITDA 5.51
EV / EBIT 6.69
EV / FCF 4.11

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 3.96
Debt / EBITDA 3.76
Debt / FCF 2.80

Financial Efficiency

Return on equity (ROE) is 53.30% and return on invested capital (ROIC) is 7.30%.

Return on Equity (ROE) 53.30%
Return on Assets (ROA) 5.60%
Return on Capital (ROIC) 7.30%
Revenue Per Employee $818,163
Profits Per Employee $105,462
Employee Count 3,390
Asset Turnover 0.43
Inventory Turnover n/a


In the past 12 months, Lazard has paid $124.37 million in taxes.

Income Tax 124.37M
Effective Tax Rate 25.81%

Stock Price Statistics

The stock price has decreased by -8.36% in the last 52 weeks. The beta is 1.40, so Lazard's price volatility has been higher than the market average.

Beta (1Y) 1.40
52-Week Price Change -8.36%
50-Day Moving Average 37.27
200-Day Moving Average 35.93
Average Volume (30 Days) 728,745

Short Selling Information

The latest short interest is 2.61 million, so 3.00% of the outstanding shares have been sold short.

Short Interest 2.61M
Short Previous Month 2.04M
Short % of Shares Out 3.00%
Short % of Float 3.23%
Short Ratio (days to cover) 3.46

Income Statement

In the last 12 months, Lazard had revenue of $2.77 billion and earned $357.52 million in profits. Earnings per share was $3.51.

Revenue 2.77B
Gross Profit 2.77B
Operating Income 516.85M
Pretax Income 481.88M
Net Income 357.52M
EBITDA 584.84M
EBIT 481.88M
Earnings Per Share (EPS) $3.51
Full Income Statement

Balance Sheet

The company has $1.86 billion in cash and $2.20 billion in debt, giving a net cash position of -$341.25 million or -$3.92 per share.

Cash & Cash Equivalents 1.86B
Total Debt 2.20B
Net Cash -341.25M
Net Cash Per Share -$3.92
Equity / Book Value 556.46M
Book Value Per Share 6.39
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $833.98 million and capital expenditures -$48.94 million, giving a free cash flow of $785.05 million.

Operating Cash Flow 833.98M
Capital Expenditures -48.94M
Free Cash Flow 785.05M
FCF Per Share $8.21
Full Cash Flow Statement


Gross margin is 100.00%, with operating and profit margins of 18.63% and 12.89%.

Gross Margin 100.00%
Operating Margin 18.63%
Pretax Margin 17.37%
Profit Margin 12.89%
EBITDA Margin 21.09%
EBIT Margin 17.37%
FCF Margin 28.30%

Dividends & Yields

This stock pays an annual dividend of $1.97, which amounts to a dividend yield of 5.95%.

Dividend Per Share $1.97
Dividend Yield 5.95%
Earnings Yield 12.41%
FCF Yield 27.24%
Dividend Growth (YoY) 4.79%
Payout Ratio 52.70%
Buyback Yield 11.15%
Shareholder Yield 17.11%
Dividend Details

Analyst Forecast

The average price target for Lazard is $39.93, which is 20.67% higher than the current price. The consensus rating is "Sell".

Price Target $39.93
Price Target Difference 20.67%
Analyst Consensus Sell
Analyst Count 16
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) 9.74%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a