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Also traded in: Germany

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 : 6/10

vs
industry
vs
history
Cash to Debt 1.52
LAZ's Cash to Debt is ranked lower than
70% of the 581 Companies
in the Global Capital Markets industry.

( Industry Median: 133.67 vs. LAZ: 1.52 )
Ranked among companies with meaningful Cash to Debt only.
LAZ' s Cash to Debt Range Over the Past 10 Years
Min: 0.26  Med: 0.84 Max: N/A
Current: 1.52
Equity to Asset 0.29
LAZ's Equity to Asset is ranked lower than
69% of the 585 Companies
in the Global Capital Markets industry.

( Industry Median: 0.58 vs. LAZ: 0.29 )
Ranked among companies with meaningful Equity to Asset only.
LAZ' s Equity to Asset Range Over the Past 10 Years
Min: -0.51  Med: 0.15 Max: 0.28
Current: 0.29
-0.51
0.28
F-Score: 6
WACC vs ROIC
12.60%
130.78%
WACC
ROIC
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 (%) -0.71
LAZ's Operating margin (%) is ranked lower than
77% of the 617 Companies
in the Global Capital Markets industry.

( Industry Median: 14.62 vs. LAZ: -0.71 )
Ranked among companies with meaningful Operating margin (%) only.
LAZ' s Operating margin (%) Range Over the Past 10 Years
Min: -11.91  Med: 12.83 Max: 26.31
Current: -0.71
-11.91
26.31
Net-margin (%) 41.91
LAZ's Net-margin (%) is ranked higher than
81% of the 623 Companies
in the Global Capital Markets industry.

( Industry Median: 12.39 vs. LAZ: 41.91 )
Ranked among companies with meaningful Net-margin (%) only.
LAZ' s Net-margin (%) Range Over the Past 10 Years
Min: -8.51  Med: 8.08 Max: 18.57
Current: 41.91
-8.51
18.57
ROE (%) 110.63
LAZ's ROE (%) is ranked higher than
99% of the 639 Companies
in the Global Capital Markets industry.

( Industry Median: 5.50 vs. LAZ: 110.63 )
Ranked among companies with meaningful ROE (%) only.
LAZ' s ROE (%) Range Over the Past 10 Years
Min: -42.99  Med: 25.38 Max: 67.45
Current: 110.63
-42.99
67.45
ROA (%) 26.03
LAZ's ROA (%) is ranked higher than
96% of the 649 Companies
in the Global Capital Markets industry.

( Industry Median: 1.84 vs. LAZ: 26.03 )
Ranked among companies with meaningful ROA (%) only.
LAZ' s ROA (%) Range Over the Past 10 Years
Min: -4.33  Med: 4.85 Max: 13.47
Current: 26.03
-4.33
13.47
Revenue Growth (3Y)(%) 9.00
LAZ's Revenue Growth (3Y)(%) is ranked higher than
58% of the 479 Companies
in the Global Capital Markets industry.

( Industry Median: 3.80 vs. LAZ: 9.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
LAZ' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -16.70 Max: 99.2
Current: 9
0
99.2
EBITDA Growth (3Y)(%) 28.40
LAZ's EBITDA Growth (3Y)(%) is ranked higher than
69% of the 363 Companies
in the Global Capital Markets industry.

( Industry Median: 9.50 vs. LAZ: 28.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
LAZ' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -35.40 Max: 75
Current: 28.4
0
75
EPS Growth (3Y)(%) 35.90
LAZ's EPS Growth (3Y)(%) is ranked higher than
75% of the 361 Companies
in the Global Capital Markets industry.

( Industry Median: 8.20 vs. LAZ: 35.90 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
LAZ' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -77.00 Max: 190.2
Current: 35.9
0
190.2
» LAZ's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2015

LAZ Guru Trades in Q1 2015

Ken Heebner 830,000 sh (New)
Jim Simons 501,400 sh (+42.55%)
John Rogers 5,836,442 sh (+18.42%)
Mario Gabelli 4,500 sh (unchged)
Jim Chanos Sold Out
Ken Fisher 1,633,987 sh (-0.40%)
Chuck Royce 1,022,832 sh (-0.47%)
Pioneer Investments 1,107,480 sh (-14.42%)
» More
Q2 2015

LAZ Guru Trades in Q2 2015

John Keeley 4,052 sh (New)
Pioneer Investments 1,199,007 sh (+8.26%)
Ken Heebner 830,000 sh (unchged)
Jim Simons Sold Out
John Rogers 5,590,257 sh (-4.22%)
Mario Gabelli 4,200 sh (-6.67%)
Ken Fisher 1,431,839 sh (-12.37%)
Chuck Royce 725,587 sh (-29.06%)
» More
Q3 2015

LAZ Guru Trades in Q3 2015

Jim Simons 126,900 sh (New)
Ken Heebner 1,480,000 sh (+78.31%)
Pioneer Investments 1,344,603 sh (+12.14%)
Chuck Royce 748,681 sh (+3.18%)
Ken Fisher 1,462,550 sh (+2.14%)
Mario Gabelli Sold Out
John Keeley Sold Out
John Rogers 5,515,617 sh (-1.34%)
» More
Q4 2015

LAZ Guru Trades in Q4 2015

Jim Simons 465,100 sh (+266.51%)
Pioneer Investments 1,673,639 sh (+24.47%)
Ken Fisher 1,549,926 sh (+5.97%)
Chuck Royce 664,161 sh (-11.29%)
» 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%)

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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

Ratios

vs
industry
vs
history
P/E(ttm) 3.97
LAZ's P/E(ttm) is ranked higher than
94% of the 601 Companies
in the Global Capital Markets industry.

( Industry Median: 16.23 vs. LAZ: 3.97 )
Ranked among companies with meaningful P/E(ttm) only.
LAZ' s P/E(ttm) Range Over the Past 10 Years
Min: 3.97  Med: 22.27 Max: 174.06
Current: 3.97
3.97
174.06
Forward P/E 7.92
LAZ's Forward P/E is ranked higher than
84% of the 221 Companies
in the Global Capital Markets industry.

( Industry Median: 12.74 vs. LAZ: 7.92 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 3.97
LAZ's PE(NRI) is ranked higher than
94% of the 483 Companies
in the Global Capital Markets industry.

( Industry Median: 17.13 vs. LAZ: 3.97 )
Ranked among companies with meaningful PE(NRI) only.
LAZ' s PE(NRI) Range Over the Past 10 Years
Min: 3.97  Med: 24.25 Max: 399.64
Current: 3.97
3.97
399.64
P/B 3.06
LAZ's P/B is ranked lower than
80% of the 756 Companies
in the Global Capital Markets industry.

( Industry Median: 1.19 vs. LAZ: 3.06 )
Ranked among companies with meaningful P/B only.
LAZ' s P/B Range Over the Past 10 Years
Min: 3.06  Med: 8.05 Max: 32.93
Current: 3.06
3.06
32.93
P/S 1.66
LAZ's P/S is ranked higher than
67% of the 780 Companies
in the Global Capital Markets industry.

( Industry Median: 2.97 vs. LAZ: 1.66 )
Ranked among companies with meaningful P/S only.
LAZ' s P/S Range Over the Past 10 Years
Min: 0.97  Med: 2.07 Max: 7.95
Current: 1.66
0.97
7.95
PFCF 4.93
LAZ's PFCF is ranked higher than
77% of the 305 Companies
in the Global Capital Markets industry.

( Industry Median: 13.00 vs. LAZ: 4.93 )
Ranked among companies with meaningful PFCF only.
LAZ' s PFCF Range Over the Past 10 Years
Min: 2.79  Med: 10.95 Max: 227.3
Current: 4.93
2.79
227.3
POCF 4.77
LAZ's POCF is ranked higher than
76% of the 347 Companies
in the Global Capital Markets industry.

( Industry Median: 11.34 vs. LAZ: 4.77 )
Ranked among companies with meaningful POCF only.
LAZ' s POCF Range Over the Past 10 Years
Min: 2.69  Med: 9.33 Max: 644.33
Current: 4.77
2.69
644.33
EV-to-EBIT 93.73
LAZ's EV-to-EBIT is ranked lower than
89% of the 577 Companies
in the Global Capital Markets industry.

( Industry Median: 14.34 vs. LAZ: 93.73 )
Ranked among companies with meaningful EV-to-EBIT only.
LAZ' s EV-to-EBIT Range Over the Past 10 Years
Min: -52.8  Med: 15.10 Max: 147.1
Current: 93.73
-52.8
147.1
EV-to-EBITDA 51.21
LAZ's EV-to-EBITDA is ranked lower than
86% of the 583 Companies
in the Global Capital Markets industry.

( Industry Median: 12.37 vs. LAZ: 51.21 )
Ranked among companies with meaningful EV-to-EBITDA only.
LAZ' s EV-to-EBITDA Range Over the Past 10 Years
Min: -72.2  Med: 13.10 Max: 80.3
Current: 51.21
-72.2
80.3
Shiller P/E 15.78
LAZ's Shiller P/E is ranked higher than
64% of the 97 Companies
in the Global Capital Markets industry.

( Industry Median: 20.10 vs. LAZ: 15.78 )
Ranked among companies with meaningful Shiller P/E only.
LAZ' s Shiller P/E Range Over the Past 10 Years
Min: 15.78  Med: 36.88 Max: 44.08
Current: 15.78
15.78
44.08

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.66
LAZ's Dividend Yield is ranked higher than
61% of the 538 Companies
in the Global Capital Markets industry.

( Industry Median: 3.34 vs. LAZ: 4.66 )
Ranked among companies with meaningful Dividend Yield only.
LAZ' s Dividend Yield Range Over the Past 10 Years
Min: 0.16  Med: 1.47 Max: 4.66
Current: 4.66
0.16
4.66
Dividend Payout 0.17
LAZ's Dividend Payout is ranked higher than
83% of the 324 Companies
in the Global Capital Markets industry.

( Industry Median: 0.53 vs. LAZ: 0.17 )
Ranked among companies with meaningful Dividend Payout only.
LAZ' s Dividend Payout Range Over the Past 10 Years
Min: 0.08  Med: 0.29 Max: 1.67
Current: 0.17
0.08
1.67
Dividend Growth (3y) 25.60
LAZ's Dividend Growth (3y) is ranked higher than
83% of the 203 Companies
in the Global Capital Markets industry.

( Industry Median: -3.50 vs. LAZ: 25.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
LAZ' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 11.60 Max: 41.2
Current: 25.6
0
41.2
Forward Dividend Yield 4.60
LAZ's Forward Dividend Yield is ranked higher than
61% of the 470 Companies
in the Global Capital Markets industry.

( Industry Median: 3.67 vs. LAZ: 4.60 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 11.94
LAZ's Yield on cost (5-Year) is ranked higher than
90% of the 542 Companies
in the Global Capital Markets industry.

( Industry Median: 3.43 vs. LAZ: 11.94 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
LAZ' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.41  Med: 3.77 Max: 11.94
Current: 11.94
0.41
11.94
3-Year Average Share Buyback Ratio 0.90
LAZ's 3-Year Average Share Buyback Ratio is ranked higher than
82% of the 314 Companies
in the Global Capital Markets industry.

( Industry Median: -1.70 vs. LAZ: 0.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
LAZ' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -31.2  Med: 0.90 Max: 0
Current: 0.9
-31.2
0

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.06
LAZ's Price/Tangible Book is ranked lower than
82% of the 675 Companies
in the Global Capital Markets industry.

( Industry Median: 1.23 vs. LAZ: 4.06 )
Ranked among companies with meaningful Price/Tangible Book only.
LAZ' s Price/Tangible Book Range Over the Past 10 Years
Min: 6.55  Med: 21.99 Max: 92.61
Current: 4.06
6.55
92.61
Price/Projected FCF 0.77
LAZ's Price/Projected FCF is ranked higher than
64% of the 290 Companies
in the Global Capital Markets industry.

( Industry Median: 1.03 vs. LAZ: 0.77 )
Ranked among companies with meaningful Price/Projected FCF only.
LAZ' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.66  Med: 1.38 Max: 2.13
Current: 0.77
0.66
2.13
Price/Median PS Value 0.81
LAZ's Price/Median PS Value is ranked higher than
63% of the 660 Companies
in the Global Capital Markets industry.

( Industry Median: 0.93 vs. LAZ: 0.81 )
Ranked among companies with meaningful Price/Median PS Value only.
LAZ' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.53  Med: 0.97 Max: 3.48
Current: 0.81
0.53
3.48
Price/Graham Number 0.86
LAZ's Price/Graham Number is ranked higher than
54% of the 539 Companies
in the Global Capital Markets industry.

( Industry Median: 0.98 vs. LAZ: 0.86 )
Ranked among companies with meaningful Price/Graham Number only.
LAZ' s Price/Graham Number Range Over the Past 10 Years
Min: 1.29  Med: 4.90 Max: 22.87
Current: 0.86
1.29
22.87
Earnings Yield (Greenblatt) (%) 1.11
LAZ's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 605 Companies
in the Global Capital Markets industry.

( Industry Median: 4.20 vs. LAZ: 1.11 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
LAZ' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.7  Med: 5.85 Max: 34
Current: 1.11
0.7
34

More Statistics

Revenue(Mil) $2354
EPS $ 7.41
Beta1.74
Short Percentage of Float1.16%
52-Week Range $29.26 - 59.82
Shares Outstanding(Mil)125.49

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 2,519 2,604 2,750
EPS($) 3.38 3.84 3.63
EPS without NRI($) 3.38 3.84 3.63

Latest Earnings Webcast

» More Conference Calls

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 founded in 1848 in New Orleans. It is al 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, 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. subsidiaries are subject to various capital adequacy requirements promulgated by various regulatory and exchange authorities in the countries.
» More Articles for LAZ

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