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La-Z-Boy (La-Z-Boy) Intrinsic Value: Projected FCF

: $59.03 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-18), La-Z-Boy's Intrinsic Value: Projected FCF is $59.03. The stock price of La-Z-Boy is $32.98. Therefore, La-Z-Boy's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for La-Z-Boy's Intrinsic Value: Projected FCF or its related term are showing as below:

LZB' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.47   Med: 0.96   Max: 1.54
Current: 0.56

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of La-Z-Boy was 1.54. The lowest was 0.47. And the median was 0.96.

LZB's Price-to-Projected-FCF is ranked better than
73.81% of 294 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.99 vs LZB: 0.56

La-Z-Boy Intrinsic Value: Projected FCF Historical Data

The historical data trend for La-Z-Boy's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

La-Z-Boy Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.80 34.35 45.37 55.23 58.74

La-Z-Boy Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Intrinsic Value: Projected FCF Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.92 58.74 57.28 57.81 59.03

Competitive Comparison

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


La-Z-Boy Price-to-Projected-FCF Distribution

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Price-to-Projected-FCF falls into.



La-Z-Boy Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get La-Z-Boy's Free Cash Flow(6 year avg) = $118.90.

La-Z-Boy's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jan24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*118.90176+978.22*0.8)/43.195
=59.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


La-Z-Boy  (NYSE:LZB) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

La-Z-Boy's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=32.98/59.029323692219
=0.56

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


La-Z-Boy Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of La-Z-Boy's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


La-Z-Boy (La-Z-Boy) Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.
Executives
Janet Kerr director 50 CASTILIAN DR, GOLETA CA 93117
Raza Syed Haider director ONE LA-Z-BOY DRIVE, MONROE MI 48162
Rebecca M Reeder officer: Pres., Retail LZB Furn. Gall. 1 LA-Z-BOY DRIVE, MONROE MI 48162
Mark Stephen Lavigne director 533 MARYVILLE UNIVERSITY DRIVE, ST. LOUIS MO 63141
Katherine E. Vanderjagt officer: VP & Chief HR Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Robert Ii Sundy officer: SVP & Chief Commercial Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Carol Young Lee officer: VP & Chief Information Officer 1 LA-Z-BOY DRIVE, MONROE MI 48162
Terrence James Linz officer: President, La-Z-Boy Retail 1 LA-Z-BOY DRIVE, MONROE MI 48162
Bryan Keith Wilson officer: President Int'l & Joybird 6 BELL STREET, MAIDENHEAD, BERKS X0 SL6 1BU
Michael Adam Leggett officer: Sr VP & Chief Supply Chain Off 1 LA-Z-BOY DRIVE, MONROE MI 48162
Kurt L Darrow director, officer: Chairman, President & CEO ONE LA-Z-BOY DRIVE, MONROE MI 48162
Erika L. Alexander director 10400 FERNWOOD RD., BETHESDA MD 20817
Otis S Sawyer officer: Senior Vice President ONE LA-Z-BOY DRIVE, MONROE MI 48162
Raphaell Z. Richmond officer: VP, GC & Chief Compliance Off ONE LA-Z-BOY DRIVE, MONROE MI 48162
Jennifer Lynn Mccurry officer: Chief Accounting Officer ONE LA-Z-BOY DRIVE, MONROE MI 48162

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