LAZ Stock Analysis: Lazard | NYSE
Capital Markets | NYSE, USA | Market Cap: 4.067m USD | 12M Return: -12.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 121M
EPS Trend: 71.0%
Qual. Beats: -1
Rev. Trend: 90.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lazard, Inc. (NYSE: LAZ) is a global financial advisory and asset management firm founded in 1848 and headquartered in New York. The company operates through two segments: Financial Advisory, which provides M&A, capital markets, restructuring, and capital raising services across a broad range of industries; and Asset Management, which offers equity, fixed income, alternative, and private equity investment solutions to institutional and private clients. Lazard serves clients in the Americas, Europe, the Middle East, Africa, and Asia Pacific, generating revenue primarily through advisory fees and asset-based management fees-a business mix typical of mid-cap investment banks, where advisory income tends to be deal-driven and cyclical while asset management provides a more recurring revenue stream.
- M&A advisory revenue recovers on rising deal activity
- Asset Management AUM pressured by equity market volatility
- Compensation ratio expansion pressures operating margin outlook
| Net Income: 277.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -3.66 > 1.0 |
| NWC/Revenue: 50.44% < 20% (prev 49.82%; Δ 0.62% < -1%) |
| CFO/TA 0.12 > 3% & CFO 521.3m > Net Income 277.4m |
| Net Debt (1.40b) to EBITDA (485.4m): 2.88 < 3 |
| Current Ratio: 5.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (106.8m) vs 12m ago 1.87% < -2% |
| Gross Margin: 31.69% > 18% (prev 36.61%; Δ -4.92% > 0.5%) |
| Asset Turnover: 77.24% > 50% (prev 70.17%; Δ 7.06% > 0%) |
| Interest Coverage Ratio: 5.06 > 6 (EBIT TTM 451.9m / Interest Expense TTM 89.3m) |
| A: 0.39 (Total Current Assets 2.01b - Total Current Liabilities 357.7m) / Total Assets 4.24b |
| B: 0.37 (Retained Earnings 1.56b / Total Assets 4.24b) |
| C: 0.11 (EBIT TTM 451.9m / Avg Total Assets 4.24b) |
| D: 0.27 (Book Value of Equity 881.3m / Total Liabilities 3.29b) |
| Altman-Z'' = 4.75 = AA |
| DSRI: 1.03 (Receivables 773.8m/683.0m, Revenue 3.27b/2.97b) |
| GMI: 1.16 (GM 36.61% / 31.69%) |
| AQI: 0.96 (AQ_t 0.39 / AQ_t-1 0.41) |
| SGI: 1.10 (Revenue 3.27b / 2.97b) |
| TATA: -0.06 (NI 277.4m - CFO 521.3m) / TA 4.24b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of July 08, 2026, the stock is trading at USD 41.74 with a total of 1,988,344 shares traded. Over the past week, the price has changed by +3.39%, over one month by -8.75%, over three months by +2.40% and over the past year by -12.80%.
Current recommended Stop Loss: 37.80 (which is 9.4% or 1.8 ATR below the current price).
Lazard has received a consensus analysts rating of 3.25. Therefore, it is recommended to hold LAZ.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 51.6 | 23.7% |
P/E Trailing = 16.3968
P/E Forward = 14.5138
P/S = 1.2716
P/B = 4.6846
P/EG = 1.0002
Revenue TTM = 3.27b USD
EBIT TTM = 451.9m USD
EBITDA TTM = 485.4m USD
Long Term Debt = 1.69b USD (from longTermDebt, last quarter)
Short Term Debt = 80.7m USD (from shortTermDebt, last fiscal year)
Debt = 2.63b USD (from shortLongTermDebtTotal, last quarter) + Leases 472.6m
Net Debt = 1.40b USD (calculated: Debt 2.63b - CCE 1.23b)
Enterprise Value = 5.47b USD (4.07b + Debt 2.63b - CCE 1.23b)
Interest Coverage Ratio = 5.06 (Ebit TTM 451.9m / Interest Expense TTM 89.3m)
EV/FCF = 10.33x (Enterprise Value 5.47b / FCF TTM 529.4m)
FCF Yield = 9.68% (FCF TTM 529.4m / Enterprise Value 5.47b)
FCF Margin = 16.18% (FCF TTM 529.4m / Revenue TTM 3.27b)
Net Margin = 8.48% (Net Income TTM 277.4m / Revenue TTM 3.27b)
Gross Margin = 31.69% ((Revenue TTM 3.27b - Cost of Revenue TTM 2.24b) / Revenue TTM)
Gross Margin QoQ = 36.25% (prev 21.91%)
Tobins Q-Ratio = 1.29 (Enterprise Value 5.47b / Total Assets 4.24b)
Interest Expense / Debt = 3.39% (Interest Expense 89.3m / Debt 2.63b)
Taxrate = 20.12% (72.9m / 362.5m)
NOPAT = 360.9m (EBIT 451.9m * (1 - 20.12%))
Current Ratio = 5.61 (Total Current Assets 2.01b / Total Current Liabilities 357.7m)
Debt / Equity = 2.99 (Debt 2.63b / totalStockholderEquity, last quarter 881.3m)
Debt / EBITDA = 2.88 (Net Debt 1.40b / EBITDA 485.4m)
Debt / FCF = 2.64 (Net Debt 1.40b / FCF TTM 529.4m)
Total Stockholder Equity = 834.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.55% (Net Income 277.4m / Total Assets 4.24b)
RoE = 33.24% (Net Income TTM 277.4m / Total Stockholder Equity 834.5m)
RoCE = 17.91% (EBIT 451.9m / Capital Employed (Equity 834.5m + L.T.Debt 1.69b))
RoIC = 9.50% (NOPAT 360.9m / Invested Capital 3.80b)
WACC = 8.76% (E(4.07b)/V(6.70b) * Re(12.68%) + D(2.63b)/V(6.70b) * Rd(3.39%) * (1-Tc(0.20)))
Discount Rate = 12.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 5.34%
[DCF] Terminal Value 71.57% ; FCFF base≈590.9m ; Y1≈518.2m ; Y5≈418.7m
[DCF] Fair Price = 49.71 (EV 6.29b - Net Debt 1.40b = Equity 4.89b / Shares 98.4m; r=8.76% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.99 | EPS CAGR: 39.60% | SUE: -1.14 | # QB: -1
Revenue Correlation: 90.06 | Revenue CAGR: 9.56% | SUE: 0.65 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.49 | Chg30d=-3.01% | Revisions=-70% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=+0.00% | Revisions=-73% | Analysts=7
EPS current Year (2026-12-31): EPS=2.86 | Chg30d=+0.44% | Revisions=-75% | GrowthEPS=+17.3% | GrowthRev=+11.6%
EPS next Year (2027-12-31): EPS=4.44 | Chg30d=+1.24% | Revisions=-55% | GrowthEPS=+55.2% | GrowthRev=+18.5%
[Analyst] Revisions Ratio: -86% (up=1, down=31)