(LAZ) Lazard - Overview

Sector: Financial Services | Industry: Capital Markets | Exchange: NYSE (USA) | Market Cap: 3.826m USD | Total Return: 11.9% in 12m

Stock Advisory, Asset Management, Investments
Total Rating 40
Safety 83
Buy Signal -0.63
Capital Markets +5.5
Investment Banking & Brokerage +7.6
Market Cap: 3,826m
Avg Trading Vol: 63.0M USD
ATR: 5.15%
Peers RS (IBD): 36.5
Risk 5d forecast
Volatility46.7%
Rel. Tail Risk-5.30%
Reward TTM
Sharpe Ratio0.18
Alpha-27.62
Character TTM
Beta1.834
Beta Downside1.985
Drawdowns 3y
Max DD44.24%
CAGR/Max DD0.36
EPS (Earnings per Share) EPS (Earnings per Share) of LAZ over the last years for every Quarter: "2021-03": 0.87, "2021-06": 1.28, "2021-09": 0.98, "2021-12": 1.92, "2022-03": 1.05, "2022-06": 0.92, "2022-09": 1.05, "2022-12": 0.69, "2023-03": -0.26, "2023-06": 0.24, "2023-09": 0.1, "2023-12": 0.66, "2024-03": 0.66, "2024-06": 0.52, "2024-09": 0.38, "2024-12": 0.78, "2025-03": 0.56, "2025-06": 0.52, "2025-09": 0.56, "2025-12": 0.8, "2026-03": 0,
EPS CAGR: -30.49%
EPS Trend: -10.8%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of LAZ over the last years for every Quarter: 2021-03: 678.55, 2021-06: 841.984, 2021-09: 736.531, 2021-12: 1011.2, 2022-03: 714.383, 2022-06: 656.596, 2022-09: 738.283, 2022-12: 716.374, 2023-03: 549.304, 2023-06: 651.372, 2023-09: 531.627, 2023-12: 818.837, 2024-03: 774.01, 2024-06: 695.137, 2024-09: 792.409, 2024-12: 824.744, 2025-03: 657.502, 2025-06: 807.953, 2025-09: 763.104, 2025-12: 929.378, 2026-03: null,
Rev. CAGR: 7.27%
Rev. Trend: 50.4%
Last SUE: 2.62
Qual. Beats: 1
Description: LAZ Lazard

Lazard Ltd (LAZ) is a global financial services firm operating in two primary segments: Financial Advisory and Asset Management.

The Financial Advisory segment provides M&A, capital markets, and restructuring advice to a diverse client base across numerous industries. This segments revenue is largely transaction-driven.

The Asset Management segment offers investment solutions, including equity, fixed income, and alternative strategies, to institutions and private clients. Asset management firms typically generate revenue through management fees based on assets under management (AUM).

To further understand Lazards performance and market position, consider exploring its detailed financials on ValueRay.

Headlines to Watch Out For
  • M&A advisory fees drive financial advisory revenue
  • Asset management AUM growth boosts fee income
  • Global economic downturns reduce advisory and asset management activity
  • Interest rate changes impact asset management profitability
  • Regulatory scrutiny on financial services increases compliance costs
Piotroski VR‑10 (Strict) 5.0
Net Income: 236.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.11 > 0.02 and ΔFCF/TA -6.55 > 1.0
NWC/Revenue: 72.41% < 20% (prev 55.73%; Δ 16.67% < -1%)
CFO/TA 0.11 > 3% & CFO 523.0m > Net Income 236.8m
Net Debt (1.07b) to EBITDA (449.4m): 2.39 < 3
Current Ratio: 29.35 > 1.5 & < 3
Outstanding Shares: last quarter (107.6m) vs 12m ago 1.41% < -2%
Gross Margin: 31.17% > 18% (prev 0.35%; Δ 3.08k% > 0.5%)
Asset Turnover: 64.88% > 50% (prev 64.38%; Δ 0.50% > 0%)
Interest Coverage Ratio: 4.74 > 6 (EBITDA TTM 449.4m / Interest Expense TTM 87.6m)
Altman Z'' 4.91
A: 0.46 (Total Current Assets 2.37b - Total Current Liabilities 80.7m) / Total Assets 4.94b
B: 0.30 (Retained Earnings 1.49b / Total Assets 4.94b)
C: 0.09 (EBIT TTM 415.2m / Avg Total Assets 4.87b)
D: 0.31 (Book Value of Equity 1.22b / Total Liabilities 3.95b)
Altman-Z'' Score: 4.91 = AAA
Beneish M -2.68
DSRI: 1.10 (Receivables 897.8m/800.3m, Revenue 3.16b/3.09b)
GMI: 1.13 (GM 31.17% / 35.09%)
AQI: 1.33 (AQ_t 0.44 / AQ_t-1 0.33)
SGI: 1.02 (Revenue 3.16b / 3.09b)
TATA: -0.06 (NI 236.8m - CFO 523.0m) / TA 4.94b)
Beneish M-Score: -2.68 (Cap -4..+1) = A
What is the price of LAZ shares? As of April 05, 2026, the stock is trading at USD 42.48 with a total of 1,599,716 shares traded.
Over the past week, the price has changed by +6.06%, over one month by -15.62%, over three months by -17.59% and over the past year by +11.94%.
Is LAZ a buy, sell or hold? Lazard has received a consensus analysts rating of 3.25. Therefor, it is recommend to hold LAZ.
  • StrongBuy: 2
  • Buy: 1
  • Hold: 3
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the LAZ price?
Wallstreet Target Price 57.6 35.5%
Analysts Target Price 57.6 35.5%
LAZ Fundamental Data Overview as of 01 April 2026
P/E Trailing = 18.5853
P/E Forward = 10.9051
P/S = 1.2351
P/B = 4.2189
P/EG = 1.0002
Revenue TTM = 3.16b USD
EBIT TTM = 415.2m USD
EBITDA TTM = 449.4m USD
Long Term Debt = 1.69b USD (from longTermDebt, last quarter)
Short Term Debt = 80.7m USD (from shortTermDebt, last quarter)
Debt = 2.58b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.07b USD (from netDebt column, last quarter)
Enterprise Value = 4.73b USD (3.83b + Debt 2.58b - CCE 1.67b)
Interest Coverage Ratio = 4.74 (Ebit TTM 415.2m / Interest Expense TTM 87.6m)
EV/FCF = 9.11x (Enterprise Value 4.73b / FCF TTM 519.5m)
FCF Yield = 10.97% (FCF TTM 519.5m / Enterprise Value 4.73b)
FCF Margin = 16.45% (FCF TTM 519.5m / Revenue TTM 3.16b)
Net Margin = 7.50% (Net Income TTM 236.8m / Revenue TTM 3.16b)
Gross Margin = 31.17% ((Revenue TTM 3.16b - Cost of Revenue TTM 2.17b) / Revenue TTM)
Gross Margin QoQ = 21.91% (prev 34.71%)
Tobins Q-Ratio = 0.96 (Enterprise Value 4.73b / Total Assets 4.94b)
Interest Expense / Debt = 0.88% (Interest Expense 22.7m / Debt 2.58b)
Taxrate = 36.18% (30.7m / 85.0m)
NOPAT = 265.0m (EBIT 415.2m * (1 - 36.18%))
Current Ratio = 29.35 (Total Current Assets 2.37b / Total Current Liabilities 80.7m)
Debt / Equity = 2.95 (Debt 2.58b / totalStockholderEquity, last quarter 873.7m)
Debt / EBITDA = 2.39 (Net Debt 1.07b / EBITDA 449.4m)
Debt / FCF = 2.07 (Net Debt 1.07b / FCF TTM 519.5m)
Total Stockholder Equity = 765.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.87% (Net Income 236.8m / Total Assets 4.94b)
RoE = 30.96% (Net Income TTM 236.8m / Total Stockholder Equity 765.0m)
RoCE = 16.93% (EBIT 415.2m / Capital Employed (Equity 765.0m + L.T.Debt 1.69b))
RoIC = 10.80% (NOPAT 265.0m / Invested Capital 2.45b)
WACC = 7.65% (E(3.83b)/V(6.40b) * Re(12.43%) + D(2.58b)/V(6.40b) * Rd(0.88%) * (1-Tc(0.36)))
Discount Rate = 12.43% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.44%
[DCF] Terminal Value 76.82% ; FCFF base≈638.9m ; Y1≈527.8m ; Y5≈382.1m
[DCF] Fair Price = 69.67 (EV 7.62b - Net Debt 1.07b = Equity 6.54b / Shares 93.9m; r=7.65% [WACC]; 5y FCF grow -20.95% → 3.0% )
EPS Correlation: -10.78 | EPS CAGR: -30.49% | SUE: -4.0 | # QB: 0
Revenue Correlation: 50.38 | Revenue CAGR: 7.27% | SUE: 2.62 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.75 | Chg7d=-0.009 | Chg30d=-0.009 | Revisions Net=-2 | Analysts=8
EPS current Year (2026-12-31): EPS=3.62 | Chg7d=-0.029 | Chg30d=-0.029 | Revisions Net=-2 | Growth EPS=+48.5% | Growth Revenue=+16.6%
EPS next Year (2027-12-31): EPS=4.86 | Chg7d=-0.006 | Chg30d=-0.007 | Revisions Net=+0 | Growth EPS=+34.2% | Growth Revenue=+11.2%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.0% (Discount Rate 12.4% - Earnings Yield 5.4%)
[Growth] Growth Spread = +3.1% (Analyst 10.2% - Implied 7.0%)
External Resources
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