Lazard Ltd (LAZ)
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 |
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 |
Taxes
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 |
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 |
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 |
Margins
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% |
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 Splits
This stock does not have any record of stock splits.
| Last Split Date | n/a |
| Split Type | n/a |
| Split Ratio | n/a |