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Lazard Ltd Shs A LAZ Stock Quote

| Rating as of

NYSE: LAZ

Last close prices updated as of Feb 08, 2023, 9:54 AM EST | USD | BATS BZX Real-Time Price
  • Last Close 38.75
  • Sector Financial Services
  • Industry Capital Markets
  • Investment Style Small Value
  • Day Range 38.52  –  39.31
  • Year Range 30.21  –  41.89
  • Market Cap 3.3292 Bil
  • Volume / Avg 770,864.0 /  737,807.3
  • Price / Sales 1.37
  • Price / Book 5.98
  • Forward Div Yield 5.16%
  • Trailing Div Yield 6.32%

Morningstar‘s Stock Analysis LAZ

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Lazard's Following Quarters Likely to Be Weak, but Upturn Should Be Coming; Shares Undervalued

Michael Wong Sector Director

Analyst Note

| Michael Wong |

Lazard’s revenue and earnings are likely to be relatively weak for several more quarters, but there should be a decent upturn after that. As we said after third-quarter results, Lazard’s outperformance in revenue and earnings in the first three quarters of 2022 couldn’t continue; indeed, for the fourth quarter, net revenue declined 28% from a year ago to $712 million, and net income to common shareholders dropped 80% to $42 million, or $0.44 per diluted share. For the full year, net revenue remained fairly resilient with a 13% decline to $2.77 billion, and net income fell 32% to $358 million, or $3.51 per share. We don’t anticipate making a material change to our $52 fair value estimate for narrow-moat Lazard. We maintain our assessment that the shares are undervalued, an opinion that we’ve held for much of the previous year, as we value companies based on through-the-cycle, long-term normalized earnings.

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Key Statistics LAZ

Company Profile LAZ

Business Description

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices in over 40 cities across more than 25 countries and over 3,000 employees.

Contact
2 Church Street, Clarendon House
Hamilton, HM11, BMU
Industry Capital Markets
Employees 3,179

Related Articles LAZ

FAQs for Lazard Ltd Shs A Stock

Yes. LAZ has a forward dividend yield of 5.16%. See LAZ’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

LAZ’s market cap is 3.32 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

LAZ’s stock style is Small Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

LAZ’s price/sales is 1.37.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

LAZ’s price/forward earnings is 12.08.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

LAZ’s price/book is 5.98.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See LAZ’s valuation ratios compared to the Market Index.

LAZ’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare LAZ’s historical performance against its industry peers and the overall market.