Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.95
LAZ's Cash to Debt is ranked higher than
51% of the 354 Companies
in the Global Capital Markets industry.

( Industry Median: 3.42 vs. LAZ: 0.95 )
LAZ' s 10-Year Cash to Debt Range
Min: 0.26   Max: No Debt
Current: 0.95

Equity to Asset 0.16
LAZ's Equity to Asset is ranked higher than
50% of the 398 Companies
in the Global Capital Markets industry.

( Industry Median: 0.27 vs. LAZ: 0.16 )
LAZ' s 10-Year Equity to Asset Range
Min: -0.51   Max: 0.25
Current: 0.16

-0.51
0.25
Interest Coverage 2.73
LAZ's Interest Coverage is ranked lower than
51% of the 324 Companies
in the Global Capital Markets industry.

( Industry Median: 13.12 vs. LAZ: 2.73 )
LAZ' s 10-Year Interest Coverage Range
Min: 0.18   Max: 9999.99
Current: 2.73

0.18
9999.99
F-Score: 6
Z-Score: 2.98
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 16.43
LAZ's Operating margin (%) is ranked higher than
67% of the 408 Companies
in the Global Capital Markets industry.

( Industry Median: 17.55 vs. LAZ: 16.43 )
LAZ' s 10-Year Operating margin (%) Range
Min: -11.91   Max: 33.6
Current: 16.43

-11.91
33.6
Net-margin (%) 12.74
LAZ's Net-margin (%) is ranked higher than
66% of the 408 Companies
in the Global Capital Markets industry.

( Industry Median: 13.40 vs. LAZ: 12.74 )
LAZ' s 10-Year Net-margin (%) Range
Min: -8.51   Max: 22.56
Current: 12.74

-8.51
22.56
ROE (%) 55.90
LAZ's ROE (%) is ranked higher than
98% of the 407 Companies
in the Global Capital Markets industry.

( Industry Median: 7.13 vs. LAZ: 55.90 )
LAZ' s 10-Year ROE (%) Range
Min: -36.65   Max: 220.42
Current: 55.9

-36.65
220.42
ROA (%) 9.08
LAZ's ROA (%) is ranked higher than
93% of the 409 Companies
in the Global Capital Markets industry.

( Industry Median: 1.79 vs. LAZ: 9.08 )
LAZ' s 10-Year ROA (%) Range
Min: -4.14   Max: 12.09
Current: 9.08

-4.14
12.09
ROC (Joel Greenblatt) (%) 152.54
LAZ's ROC (Joel Greenblatt) (%) is ranked higher than
78% of the 396 Companies
in the Global Capital Markets industry.

( Industry Median: 107.69 vs. LAZ: 152.54 )
LAZ' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -109.18   Max: 225.49
Current: 152.54

-109.18
225.49
Revenue Growth (%) 2.60
LAZ's Revenue Growth (%) is ranked higher than
72% of the 348 Companies
in the Global Capital Markets industry.

( Industry Median: 1.00 vs. LAZ: 2.60 )
LAZ' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 99.2
Current: 2.6

0
99.2
EBITDA Growth (%) -0.30
LAZ's EBITDA Growth (%) is ranked higher than
70% of the 287 Companies
in the Global Capital Markets industry.

( Industry Median: 0.40 vs. LAZ: -0.30 )
LAZ' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 75
Current: -0.3

0
75
EPS Growth (%) -1.60
LAZ's EPS Growth (%) is ranked higher than
71% of the 288 Companies
in the Global Capital Markets industry.

( Industry Median: 0.80 vs. LAZ: -1.60 )
LAZ' s 10-Year EPS Growth (%) Range
Min: 0   Max: 194
Current: -1.6

0
194
» LAZ's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

LAZ Guru Trades in Q3 2013

Ken Fisher 1,559,518 sh (+3.64%)
Pioneer Investments 46,000 sh (unchged)
Jim Simons Sold Out
Chuck Royce 2,282,117 sh (-0.66%)
John Rogers 6,762,501 sh (-1.74%)
» More
Q4 2013

LAZ Guru Trades in Q4 2013

Mario Gabelli 4,500 sh (New)
John Rogers 6,818,350 sh (+0.83%)
Pioneer Investments 46,000 sh (unchged)
Ken Fisher 1,556,713 sh (-0.18%)
Chuck Royce 1,912,065 sh (-16.22%)
» More
Q1 2014

LAZ Guru Trades in Q1 2014

Mario Gabelli 4,500 sh (unchged)
Pioneer Investments 46,000 sh (unchged)
Ken Fisher 1,513,193 sh (-2.8%)
John Rogers 6,273,224 sh (-7.99%)
Chuck Royce 1,523,017 sh (-20.35%)
» More
Q2 2014

LAZ Guru Trades in Q2 2014

Jim Chanos 125,750 sh (New)
Jim Simons 150,700 sh (New)
Pioneer Investments 772,675 sh (+1579.73%)
Ken Fisher 1,666,097 sh (+10.1%)
Mario Gabelli 4,500 sh (unchged)
Chuck Royce 1,267,117 sh (-16.8%)
John Rogers 5,051,368 sh (-19.48%)
» More
» Details

Insider Trades

Latest Guru Trades with LAZ

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2013-12-31 New Buy$35.48 - $45.05 $ 54.3934%4500
John Keeley 2012-06-30 Sold Out 0.04%$22.46 - $29.09 $ 54.39117%0
John Keeley 2011-09-30 Reduce -37.54%0.03%$22.4 - $37.29 $ 54.3984%88575
George Soros 2011-06-30 Sold Out $35.42 - $43.25 $ 54.3939%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Lazard Ltd

Ariel Investments' John Rogers Comments on Lazard Ltd. - Feb 25, 2014

In addition, restructuring specialist and asset manager Lazard Ltd (LAZ) surged +27.36%, topping estimates for earnings and revenue by a significant margin. Its earnings per share for the third quarter were $0.46 versus the estimate of $0.37. The company’s operating revenue was $489 million, well above the $452 million expectation. Its September 30 AUM reached $176 billion, an all-time high to that date. We closely watch that figure, because we think it is an overlooked part of the business. Meanwhile, the global leading restructuring business had $42 million in revenue, 23% higher than a year ago. Still, restructurings continue to be well below the usual rate, leading us to believe the future is even brighter..

From John Rogers (Trades, Portfolio)' Ariel Investments fourth quarter 2013 commentary.

Check out John Rogers latest stock trades

John Rogers Comments on Lazard Ltd. - Nov 05, 2013

With Lazard (LAZ), we are able to look beyond the negatively-impacted emerging markets stocks held by the firm's investment management business. We like the enduring economics of money management and treat this meaningful profit contributor as icing on the cake of the company's diversified investment banking operation.

From John Rogers' Ariel Fund and Ariel Appreciate Fund portfolio manager letter third quarter 2013.
Check out John Rogers latest stock trades

Top Ranked Articles about Lazard Ltd

Ariel Capital Management and John Rogers' Top Five Stocks
John Rogers is the founder of Ariel Capital Management which he began in 1983. According to his Investing Philosophy the guru concentrates his investments on small- to medium-sized companies whose prospects include high barriers to entry, sustainable competitive advantages and predictable fundamentals that allow for extensive cash earnings growth.

Read more...
Ariel Investments' John Rogers Comments on Lazard Ltd.
In addition, restructuring specialist and asset manager Lazard Ltd (LAZ) surged +27.36%, topping estimates for earnings and revenue by a significant margin. Its earnings per share for the third quarter were $0.46 versus the estimate of $0.37. The company’s operating revenue was $489 million, well above the $452 million expectation. Its September 30 AUM reached $176 billion, an all-time high to that date. We closely watch that figure, because we think it is an overlooked part of the business. Meanwhile, the global leading restructuring business had $42 million in revenue, 23% higher than a year ago. Still, restructurings continue to be well below the usual rate, leading us to believe the future is even brighter.. Read more...
Ariel Capital and John Rogers' Top Five Fourth Quarter Positions
John Rogers (Trades, Portfolio) is the founder of Ariel Capital Management which he began in 1983. According to his Investing Philosophy the guru concentrates his investments on small- to medium-sized companies whose prospects include high barriers to entry, sustainable competitive advantages and predictable fundamentals that allow for extensive cash earnings growth. Read more...
John Rogers Comments on Lazard Ltd.
With Lazard (LAZ), we are able to look beyond the negatively-impacted emerging markets stocks held by the firm's investment management business. We like the enduring economics of money management and treat this meaningful profit contributor as icing on the cake of the company's diversified investment banking operation. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 26.00
LAZ's P/E(ttm) is ranked higher than
66% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 23.40 vs. LAZ: 26.00 )
LAZ' s 10-Year P/E(ttm) Range
Min: 10.15   Max: 712.05
Current: 26

10.15
712.05
P/B 14.10
LAZ's P/B is ranked lower than
55% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 1.51 vs. LAZ: 14.10 )
LAZ' s 10-Year P/B Range
Min: 3.24   Max: 32.93
Current: 14.1

3.24
32.93
P/S 3.30
LAZ's P/S is ranked higher than
70% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 3.60 vs. LAZ: 3.30 )
LAZ' s 10-Year P/S Range
Min: 0.97   Max: 7.95
Current: 3.3

0.97
7.95
PFCF 11.90
LAZ's PFCF is ranked higher than
88% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 9999.00 vs. LAZ: 11.90 )
LAZ' s 10-Year PFCF Range
Min: 2.69   Max: 303.07
Current: 11.9

2.69
303.07
EV-to-EBIT 20.28
LAZ's EV-to-EBIT is ranked higher than
71% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 20.73 vs. LAZ: 20.28 )
LAZ' s 10-Year EV-to-EBIT Range
Min: 5.9   Max: 105.2
Current: 20.28

5.9
105.2
Shiller P/E 96.00
LAZ's Shiller P/E is ranked higher than
70% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 62.11 vs. LAZ: 96.00 )
LAZ' s 10-Year Shiller P/E Range
Min: 18.03   Max: 100.11
Current: 96

18.03
100.11

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.10
LAZ's Dividend Yield is ranked lower than
55% of the 320 Companies
in the Global Capital Markets industry.

( Industry Median: 2.62 vs. LAZ: 2.10 )
LAZ' s 10-Year Dividend Yield Range
Min: 0.16   Max: 2.99
Current: 2.1

0.16
2.99
Dividend Payout 0.53
LAZ's Dividend Payout is ranked higher than
73% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 0.95 vs. LAZ: 0.53 )
LAZ' s 10-Year Dividend Payout Range
Min: 0.1   Max: 1.67
Current: 0.53

0.1
1.67
Dividend growth (3y) 14.50
LAZ's Dividend growth (3y) is ranked higher than
85% of the 212 Companies
in the Global Capital Markets industry.

( Industry Median: 0.20 vs. LAZ: 14.50 )
LAZ' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 41.2
Current: 14.5

0
41.2
Yield on cost (5-Year) 4.85
LAZ's Yield on cost (5-Year) is ranked higher than
77% of the 323 Companies
in the Global Capital Markets industry.

( Industry Median: 2.68 vs. LAZ: 4.85 )
LAZ' s 10-Year Yield on cost (5-Year) Range
Min: 0.37   Max: 6.9
Current: 4.85

0.37
6.9
Share Buyback Rate 1.20
LAZ's Share Buyback Rate is ranked higher than
89% of the 295 Companies
in the Global Capital Markets industry.

( Industry Median: -0.80 vs. LAZ: 1.20 )
LAZ' s 10-Year Share Buyback Rate Range
Min: 0   Max: -31.2
Current: 1.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 53.30
LAZ's Price/Tangible Book is ranked higher than
51% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 2.21 vs. LAZ: 53.30 )
LAZ' s 10-Year Price/Tangible Book Range
Min: 6.61   Max: 92.61
Current: 53.3

6.61
92.61
Price/DCF (Projected) 1.90
LAZ's Price/DCF (Projected) is ranked higher than
74% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 2.07 vs. LAZ: 1.90 )
LAZ' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 1.86
Current: 1.9

0.8
1.86
Price/Median PS Value 1.70
LAZ's Price/Median PS Value is ranked higher than
60% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 1.27 vs. LAZ: 1.70 )
LAZ' s 10-Year Price/Median PS Value Range
Min: 0.56   Max: 3.66
Current: 1.7

0.56
3.66
Price/Graham Number 7.60
LAZ's Price/Graham Number is ranked higher than
60% of the 440 Companies
in the Global Capital Markets industry.

( Industry Median: 1.84 vs. LAZ: 7.60 )
LAZ' s 10-Year Price/Graham Number Range
Min: 1.54   Max: 9.61
Current: 7.6

1.54
9.61
Earnings Yield (Greenblatt) 4.90
LAZ's Earnings Yield (Greenblatt) is ranked higher than
60% of the 375 Companies
in the Global Capital Markets industry.

( Industry Median: 6.40 vs. LAZ: 4.90 )
LAZ' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1   Max: 17
Current: 4.9

1
17
Forward Rate of Return (Yacktman) 4.33
LAZ's Forward Rate of Return (Yacktman) is ranked higher than
73% of the 332 Companies
in the Global Capital Markets industry.

( Industry Median: 5.47 vs. LAZ: 4.33 )
LAZ' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.2   Max: 18.5
Current: 4.33

5.2
18.5

Business Description

Industry: Brokers & Exchanges » Capital Markets
Compare:PJC, SIEB, GHL, GS, SF » details
Traded in other countries:LBJ.Germany
Lazard Ltd. is a Bermuda holding company. The first Lazard partnership was established in 1848. Over time it has extended its activities beyond its roots in New York, Paris and London. It is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of its clients. It serves a diverse set of clients around the world, including corporations, partnerships, institutions, governments and high net worth individuals. The Company's sole operating asset is its indirect ownership of common membership interests of Lazard Group and its managing member interest of Lazard Group, whose main operating activities are included in two business segments: Financial Advisory, which includes providing advice on mergers and acquisitions and strategic advisory matters, restructurings and capital structure advisory services, capital raising and other transactions; and Asset Management, which includes the management of equity and fixed income securities and alternative investment and private equity funds. In addition, the Company records selected other activities in its Corporate segment, including management of cash, certain investments and the commercial banking activities of Lazard Group's Paris-based Lazard Freres Banque SA ( LFB). LFB is a registered bank regulated by the Banque de France and its main operations include asset and liability management for Lazard Group's businesses in France through its money market desk and commercial banking operations, deposit taking and, to a lesser extent, financing activities and custodial oversight over assets of various clients. The Company also allocates outstanding indebtedness to its Corporate segment. The Company currently operates from 40 cities in key business and financial centers across 25 countries throughout Europe, North America, Asia, Australia, and Central and South America. Its competitors are other investment banking and financial advisory firms, broker-dealers, commercial and 'universal' banks, insurance companies, investment management firms, hedge fund management firms, alternative investment firms and other financial institutions. The Company competes with some of its competitors globally and with others on a regional, product or niche basis. It competes on the basis of a number of factors, including quality of people, transaction execution skills, investment track record, quality of client service, individual and institutional client relationships, absence of conflicts, range of products and services, innovation, brand recognition and business reputation. Its businesses, as well as the financial services industry generally, are subject to regulation throughout the world. Certain U.K. subsidiaries of the Company, including LCL, Lazard Fund Managers Limited and Lazard Asset Management Limited are regulated by the Financial Services Authority. Certain other U.S. and non-U.S. subsidiari
» More Articles for NYSE:LAZ

Headlines

Articles On GuruFocus.com
Ariel Capital Management and John Rogers' Top Five Stocks May 14 2014 
Ariel Investments' John Rogers Recommends Stocks Mar 03 2014 
Ariel Investments' John Rogers Comments on Lazard Ltd. Feb 25 2014 
John Rogers' Ariel Investments Q4 2013 Commentary Feb 25 2014 
Ariel Capital and John Rogers' Top Five Fourth Quarter Positions Feb 19 2014 
John Rogers Comments on Lazard Ltd. Nov 05 2013 
My 4 Favorite Global Dividend Achievers with Over 10% Annual Net Earnings Growth Predictions Sep 19 2013 
Optimistic John Rogers of Ariel Investments Gives Top Stock Ideas Jul 26 2013 
Ariel Investments' John Rogers on Stocks for 2013 Jan 08 2013 
Ariel Fund’s John Rogers Stocks Up on Contango Oil Dec 06 2012 


More From Other Websites
[video] Mandelson: U.K. Will Remain Intact After Scots Vote Sep 18 2014
Lazard Releases New Levelized Cost of Energy Analysis Sep 18 2014
Vatican Bank Names Salvatori, Larrain to Board in Revamp Sep 16 2014
Lazard Global Total Return and Income Fund Declares Monthly Distribution Sep 15 2014
Lazard World Dividend & Income Fund Declares Monthly Distribution Sep 15 2014
Lazard Hires Conniff, Bresnahan in Oilfields Banking Push Sep 15 2014
Lazard Middle Market Advisory Expands in Industrials and Energy Sep 15 2014
ADDING and REPLACING Lazard Asset Management Launches Two Open-End Mutual Funds Sep 03 2014
MOVES-Lazard, RBC Capital, Aviva Investors, Barclays Securities Japan Sep 03 2014
MOVES-Lazard, RBC Capital, Aviva Investors, Barclays Securities Japan Sep 03 2014
Lazard (LAZ) Hits New 52-Week High on Strong M&A Backdrop Aug 22 2014
[video] Markets eye rates ahead of Jackson Hole Aug 21 2014
Lazard World Dividend & Income Fund Declares Monthly Distribution Aug 18 2014
Lazard Global Total Return and Income Fund Declares Monthly Distribution Aug 18 2014
Is Lazard (LAZ) Stock a Solid Choice Right Now? Aug 15 2014
Guggenheim Partners Obtains Loan to Fund Acquisitions Aug 05 2014
LAZARD LTD Financials Aug 02 2014
LAZARD LTD Files SEC form 10-Q, Quarterly Report Jul 28 2014
Lazard Gains on Robust Earnings, Asset Management and M&A Jul 25 2014
[$$] Financial Briefing Book: July 25 Jul 25 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK