Lazard, Inc. · Investment Advice

LAZ

Low riskNext report: Around Jan 28, 2027 (est.)

View price ↗

The short version

A profitable company with steady sales. Institutions are adding.

Going well

Pays a 5.3% dividend yield
Profitable
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions added 10% to their holdings in the quarter ending June 2026 (176 bought, 160 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$37.70+1.3% that day

Company value: $4.1B; Share price times all shares
Price vs profit (P/E): 22.8x; You pay about $23 for each $1 of yearly profit
Price vs sales: 1.2x; Company value is 1.2 times a year of sales
Dividend yield: 5.3%; Yearly dividend as a share of today's price
Cash vs value: 31%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 41%; Debt as a share of company value

From LAZ's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$836.4M+8.5% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $3.4B, up 9.0% from the 12 months before. Over 5 years, sales grew about 3.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of LAZ. Starting points are the company's recent numbers.

Sales growth+9% a yearRecently: +9.0% a yearProfit margin5%Last 12 months: 5.5%P/E at the end23xToday: 22.8x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$5.2B

Profit in 5 years$260M

Price these guesses point to$49.27+31% vs $37.70 todayAbout +5.5% a year, before dividends

What today's price needs: with a 5% margin and a 23x P/E, sales would have to grow about 3.3% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.31.5%
MissDebt under half of equityNot relying on borrowed money.1.94x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.4%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$487.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.3% in 3 years

Revenue: $3.2B; +1.5% vs prior year
5-year growth: +3.8%/yr; revenue, per year
Total debt: $1.7B; 1.94x equity
Free cash flow: $487.4M; 15.3% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.