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Financial Services - Financial - Capital Markets - NYSE - BM
$ 55.0
-1.36 %
$ 4.98 B
Market Cap
20.99
P/E
1. INTRINSIC VALUE

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment.[ Read More ]

The intrinsic value of one LAZ stock under the base case scenario is HIDDEN Compared to the current market price of 55 USD, Lazard Ltd is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LAZ

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FINANCIALS
2.56 B REVENUE
-10.38%
-80 M OPERATING INCOME
-15.47%
-79.9 M NET INCOME
-20.36%
165 M OPERATING CASH FLOW
-80.26%
-38.3 M INVESTING CASH FLOW
32.10%
-1.57 B FINANCING CASH FLOW
-13.69%
807 M REVENUE
12.78%
161 M OPERATING INCOME
86.70%
125 M NET INCOME
154.71%
384 M OPERATING CASH FLOW
158.52%
209 M INVESTING CASH FLOW
303.32%
-111 M FINANCING CASH FLOW
42.16%
Balance Sheet Decomposition Lazard Ltd
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Current Assets 971 M
Cash & Short-Term Investments 1.19 B
Receivables 0
Other Current Assets -220 M
Non-Current Assets 3.66 B
Long-Term Investments 705 M
PP&E 640 M
Other Non-Current Assets 2.32 B
Current Liabilities 1.03 B
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 1.03 B
Non-Current Liabilities 3.03 B
Long-Term Debt 2.09 B
Other Non-Current Liabilities 940 M
EFFICIENCY
Earnings Waterfall Lazard Ltd
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Revenue 2.56 B
Cost Of Revenue 1.95 B
Gross Profit 613 M
Operating Expenses 2.6 B
Operating Income -80 M
Other Expenses -38 K
Net Income -79.9 M
RATIOS
23.95% GROSS MARGIN
23.95%
-3.12% OPERATING MARGIN
-3.12%
-2.95% NET MARGIN
-2.95%
-17.81% ROE
-17.81%
-1.63% ROA
-1.63%
-2.71% ROIC
-2.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Lazard Ltd
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Net Income -79.9 M
Depreciation & Amortization 472 M
Capital Expenditures -28.3 M
Stock-Based Compensation 251 M
Change in Working Capital -241 M
Others -353 M
Free Cash Flow 136 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Lazard Ltd
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Wall Street analysts predict an average 1-year price target for LAZ of $53.2 , with forecasts ranging from a low of $51 to a high of $56 .
LAZ Lowest Price Target Wall Street Target
51 USD -7.27%
LAZ Average Price Target Wall Street Target
53.2 USD -3.18%
LAZ Highest Price Target Wall Street Target
56 USD 1.82%
4. DIVIDEND ANALYSIS
0.96% DIVIDEND YIELD
0.5 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Lazard Ltd
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Sold
0-3 MONTHS
16.2 M USD 1
3-6 MONTHS
28.5 M USD 1
6-9 MONTHS
2.98 M USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 03, 2024
Sell 4.12 M USD
JACOBS KENNETH M
Executive Chairman
- 85740
48.05 USD
2 months ago
Sep 03, 2024
Sell 100 K USD
JACOBS KENNETH M
Executive Chairman
- 2030
49.25 USD
2 months ago
Sep 04, 2024
Sell 33.5 K USD
JACOBS KENNETH M
Executive Chairman
- 700
47.9 USD
2 months ago
Sep 04, 2024
Sell 1.39 M USD
JACOBS KENNETH M
Executive Chairman
- 28803
48.3 USD
2 months ago
Sep 03, 2024
Sell 3.35 M USD
JACOBS KENNETH M
Executive Chairman
- 69701
48.05 USD
2 months ago
Sep 03, 2024
Sell 100 K USD
JACOBS KENNETH M
Executive Chairman
- 2030
49.25 USD
2 months ago
Aug 23, 2024
Sell 100 K USD
JACOBS KENNETH M
Executive Chairman
- 1999
50.0096 USD
2 months ago
Aug 26, 2024
Sell 4.34 M USD
JACOBS KENNETH M
Executive Chairman
- 86728
50.017 USD
2 months ago
Aug 23, 2024
Sell 61.1 K USD
JACOBS KENNETH M
Executive Chairman
- 1222
50.0096 USD
2 months ago
Aug 26, 2024
Sell 2.65 M USD
JACOBS KENNETH M
Executive Chairman
- 53047
50.017 USD
4 months ago
Jul 16, 2024
Sell 9.36 M USD
JACOBS KENNETH M
Executive Chairman
- 207000
45.227 USD
4 months ago
Jul 16, 2024
Sell 5.74 M USD
JACOBS KENNETH M
Executive Chairman
- 127000
45.227 USD
4 months ago
Jul 09, 2024
Sell 1.85 M USD
JACOBS KENNETH M
Executive Chairman
- 46107
40.1853 USD
4 months ago
Jul 09, 2024
Sell 1.14 M USD
JACOBS KENNETH M
Executive Chairman
- 28288
40.1853 USD
5 months ago
May 31, 2024
Sell 6.12 M USD
JACOBS KENNETH M
Executive Chairman
- 152272
40.2 USD
5 months ago
May 31, 2024
Sell 76.6 K USD
JACOBS KENNETH M
Executive Chairman
- 1859
41.21 USD
5 months ago
Jun 03, 2024
Sell 270 K USD
JACOBS KENNETH M
Executive Chairman
- 6762
40 USD
5 months ago
May 31, 2024
Sell 3.76 M USD
JACOBS KENNETH M
Executive Chairman
- 93422
40.2 USD
5 months ago
May 31, 2024
Sell 47 K USD
JACOBS KENNETH M
Executive Chairman
- 1141
41.21 USD
5 months ago
Jun 03, 2024
Sell 166 K USD
JACOBS KENNETH M
Executive Chairman
- 4149
40 USD
8 months ago
Mar 13, 2024
Sell 2.95 M USD
Russo Evan L
CEO of Asset Management
- 75000
39.35 USD
9 months ago
Feb 14, 2024
Sell 1.34 K USD
Gathy Michael
Chief Accounting Officer
- 36
37.36 USD
9 months ago
Feb 15, 2024
Sell 5.87 K USD
Gathy Michael
Chief Accounting Officer
- 155
37.9 USD
9 months ago
Feb 16, 2024
Sell 2.89 K USD
Gathy Michael
Chief Accounting Officer
- 76
38.03 USD
8 months ago
Feb 20, 2024
Sell 3.79 K USD
Gathy Michael
Chief Accounting Officer
- 99
38.28 USD
8 months ago
Feb 21, 2024
Sell 522 USD
Gathy Michael
Chief Accounting Officer
- 14
37.29 USD
8 months ago
Feb 21, 2024
Sell 188 USD
Gathy Michael
Chief Accounting Officer
- 5
37.62 USD
9 months ago
Feb 14, 2024
Sell 14.3 K USD
Gathy Michael
Chief Accounting Officer
- 385
37.22 USD
1 year ago
Nov 29, 2022
Sell 1.78 M USD
Stern Alexander F.
President
- 49000
36.39 USD
2 years ago
May 31, 2022
Sell 2.47 M USD
Stern Alexander F.
President
- 70000
35.29 USD
2 years ago
Nov 23, 2021
Sell 1.16 M USD
Hoffman Scott D
CAO and General Counsel
- 25000
46.2 USD
3 years ago
Aug 31, 2021
Sell 946 K USD
RAGONE DOMINICK
Chief Accounting Officer
- 19892
47.536 USD
3 years ago
Aug 20, 2021
Sell 4.1 M USD
Stern Alexander F.
President
- 90000
45.5 USD
3 years ago
Mar 01, 2021
Sell 1.93 M USD
Stern Alexander F.
President
- 50000
38.69 USD
3 years ago
Mar 02, 2021
Sell 1.01 M USD
Hoffman Scott D
CAO and General Counsel
- 25000
40.52 USD
3 years ago
Mar 02, 2021
Sell 8.1 M USD
BHUTANI ASHISH
CEO of Lazard Asset Management
- 200000
40.52 USD
4 years ago
Aug 18, 2020
Sell 2.05 M USD
Stern Alexander F.
President
- 64893
31.5926 USD
4 years ago
Aug 19, 2020
Sell 1.4 M USD
Stern Alexander F.
President
- 44380
31.5439 USD
4 years ago
Aug 20, 2020
Sell 549 K USD
Stern Alexander F.
President
- 17727
30.9803 USD
4 years ago
Aug 11, 2020
Sell 2.61 M USD
Hoffman Scott D
CAO and General Counsel
- 80000
32.6345 USD
4 years ago
Mar 03, 2020
Sell 1.9 M USD
Stern Alexander F.
President
- 50000
37.95 USD
5 years ago
Nov 12, 2019
Sell 166 K USD
RAGONE DOMINICK
Chief Accounting Officer
- 4293
38.619 USD
5 years ago
Nov 08, 2019
Sell 1.53 M USD
Hoffman Scott D
CAO and General Counsel
- 40000
38.2534 USD
5 years ago
Aug 21, 2019
Sell 1.02 M USD
Hoffman Scott D
CAO and General Counsel
- 30000
34.0432 USD
7. News
Lazard's October AUM Declines 4.8% Sequentially on Weaker Markets LAZ's preliminary AUM balance for October 2024 declines 4.8% on a sequential basis due to an unfavorable market. zacks.com - 3 days ago
Lazard Reports October 2024 Assets Under Management NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2024 totaled approximately $235.8 billion. The month's AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $4.2 billion and net outflows of $3.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)     As of:   October 31, September 30,   20241 2024 Equity   $182,101 $191,532 Fixed Income   45,514 47. businesswire.com - 5 days ago
Lazard CEO Peter Orszag: Trump's election victory will be good for our business 'temporarily' Lazard CEO Peter Orszag joins ‘Squawk Box' to discuss President-elect Trump's election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, the Fed's independence, and more. youtube.com - 5 days ago
Lazard CEO Peter Orszag: It's in President-elect Trump's interest to have an independent Fed Lazard CEO Peter Orszag joins 'Squawk Box' to discuss President-elect Trump's election victory, impact on the markets and the economy, state of M&A, regulatory outlook, rooting out government waste, the Fed's independence, and more. youtube.com - 5 days ago
Lazard: Aggressive Hiring Means Peer-Leading Growth Lazard has been hiring more aggressively than peers, and it's helped them bag a leading quarter. The private capital advisory business is performing well, not so much on transaction volume from PE but from activity in newfound markets like secondary fund-stake deals. Other than that, overall M&A has been strong, they say, particularly in Europe, and restructuring has also been delivering very robust results. seekingalpha.com - 2 weeks ago
Lazard Q3 Earnings Miss on Higher Expenses, AUM Rises Y/Y, Stock Up A rise in LAZ's operating expenses hurt its third-quarter 2024 results. Improvement in AUM balances offers support. zacks.com - 2 weeks ago
Lazard, Inc. (LAZ) Q3 2024 Earnings Conference Call Transcript Lazard, Inc. (NYSE:LAZ ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Alexandra Deignan - Head of IR, Treasury & Corporate Sustainability Peter Orszag - CEO Mary Ann Betsch - CFO Evan Russo - CEO, Asset Management Conference Call Participants Brendan O'Brien - Wolfe Research Brennan Hawken - UBS Ryan Kenny - Morgan Stanley James Yaro - Goldman Sachs Devin Ryan - Citizens JMP Mike Brown - Wells Fargo Securities Aidan Hall - KBW Operator Good morning and welcome to Lazard's Third Quarter and First Nine Months 2024 Earnings Conference Call. This call is being recorded. seekingalpha.com - 2 weeks ago
Pandemic directly caused inflation, not spending or demand, says Lazard CEO Peter Orszag Peter Orszag, Lazard CEO, joins CNBC's 'Money Movers' to discuss Lazard earnings, inflation, the economy, and more. youtube.com - 2 weeks ago
Compared to Estimates, Lazard (LAZ) Q3 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for Lazard (LAZ) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago
Lazard (LAZ) Misses Q3 Earnings and Revenue Estimates Lazard (LAZ) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.10 per share a year ago. zacks.com - 2 weeks ago
Investment bank Lazard's profit surges on dealmaking recovery Investment bank Lazard's profit surged in the third quarter, driven by an industry-wide recovery in dealmaking. reuters.com - 2 weeks ago
Lazard Reports Third-Quarter and Nine-Month 2024 Results NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $785 million and adjusted net revenue1 of $646 million for the quarter ended September 30, 2024. For the first nine months of 2024, Lazard reported net revenue of $2,235 million and adjusted net revenue1 of $2,077 million. On a U.S. GAAP basis, Lazard reported third-quarter 2024 net income of $108 million or $1.02 per share, diluted. For the first nine months of 2024, net income was $194 million or $1.88 per share. businesswire.com - 2 weeks ago
8. Profile Summary

Lazard Ltd LAZ

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COUNTRY BM
INDUSTRY Financial - Capital Markets
MARKET CAP $ 4.98 B
Dividend Yield 0.96%
Description Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.
Contact Clarendon House, Hamilton, HM11 https://www.lazard.com
IPO Date May 5, 2005
Employees 3249
Officers Mr. Pierre Tattevin Managing Director Mr. Peter R. Orszag Chief Executive Officer & Director Mr. Kenneth Marc Jacobs Executive Chairman Mr. Evan Lawrence Russo J.D. Chief Executive Officer of Asset Management Ms. Alexandra M. Deignan Head of Treasury, IR & Corporate Sustainability Ms. Shannon Houston Global Head of Communications & Marketing Mr. Michael Gathy MD & Chief Accounting Officer Ms. Alexandra Soto Chief Operating Officer Mr. Raymond J. McGuire President Mr. Christian A. Weideman General Counsel