La-Z-Boy Incorporated

La-Z-Boy Incorporated

LZBยทNYSE

$36.27

-0.44%
Consumer CyclicalFurnishings, Fixtures & Appliances

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.

At a Glance

Live Snapshot
Market Cap$1.50B
EPS2.3900
P/E Ratio15.18
Earnings Date06/16/2026
La-Z-Boy Incorporated

La-Z-Boy Incorporated Fair Value Envelope

LZB ยท NYSE

Our analysis suggests that LZB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $36.27, this represents a potential HIDDEN relative to our calculated worth for La-Z-Boy Incorporated.

Intrinsic Value
Current Price: $36.27

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$4.7B
+ Cash & Equivalents$328.4M
Firm Value$5.0B
- Debt$490.9M
Equity Value$4.5B
/ Shares Outstanding41,207,237B
DCF Value$109
UNDERVALUED BY 202%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$202.3M
$218.6M
$236.2M
$255.2M
$275.8M
$297.9M
$321.9M
$347.8M
$375.8M
$406.1M
Maintenance CapEx
-$16.1M
-$17.3M
-$18.7M
-$20.2M
-$21.9M
-$23.6M
-$25.5M
-$27.6M
-$29.8M
-$32.2M
Owner Earnings
$186.3M
$201.3M
$217.5M
$235.0M
$253.9M
$274.3M
$296.4M
$320.2M
$346.0M
$373.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$172.5M
$172.6M
$172.6M
$172.7M
$172.8M
$172.9M
$172.9M
$173.0M
$173.1M
$173.2M
Terminal Value represents 63.0% of Enterprise Value