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Market Closed -
NYSE
16:00:02 2026-09-21 EDT
|
5-day change | 1st Jan Change | ||
| 36.48 USD | +2.04% |
|
-8.20% | -6.41% |
| 09-17 | Mid Wynd "deeply regrets" latest year's "very disappointing" return | AN |
| 09-11 | Lazard Assets Under Management Rose to $290.3 Billion in August on Market, FX Gains | MT |
Projected Income Statement: Lazard
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,139 | 2,769 | 2,440 | 2,890 | 3,030 | 3,330 | 4,003 | 4,308 |
| Change | - | -11.78% | -11.9% | 18.44% | 4.85% | 9.91% | 20.2% | 7.64% |
| EBITDA 1 | 869 | 636.4 | 208.4 | 447.2 | 466.3 | 511.4 | 728.4 | 903.8 |
| Change | - | -26.77% | -67.25% | 114.57% | 4.27% | 9.67% | 42.42% | 24.08% |
| EBIT 1 | 830.7 | 594 | 165.6 | 410.9 | 432.2 | 435.7 | 731.1 | 902.3 |
| Change | - | -28.49% | -72.13% | 148.19% | 5.16% | 0.81% | 67.82% | 23.42% |
| Interest Paid 1 | -80.77 | -81.52 | -77.67 | -88.07 | -87.62 | -90.63 | -90.3 | - |
| Earnings before Tax (EBT) | 723.8 | 516.8 | -79.96 | - | - | - | - | - |
| Change | - | -28.6% | -115.47% | - | - | - | - | - |
| Net income 1 | 528.1 | 357.5 | -75.48 | 279.9 | 236.8 | 307.2 | 401.8 | 534.2 |
| Change | - | -32.3% | -121.11% | 470.85% | -15.39% | 29.73% | 30.79% | 32.94% |
| Announcement Date | 2/3/22 | 2/2/23 | 2/1/24 | 1/30/25 | 1/29/26 | - | - | - |
Forecast Balance Sheet: Lazard
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,685 | - | 1,690 | 1,687 | 1,688 | 1,690 | 1,690 | 1,690 |
| Change | - | - | - | -0.18% | 0.06% | 0.11% | 0% | 0% |
| Announcement Date | 2/3/22 | 2/2/23 | 2/1/24 | 1/30/25 | 1/29/26 | - | - | - |
Cash Flow Forecast: Lazard
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| CAPEX 1 | 64.29 | 39.7 | 49.51 | 28.3 | 45.5 | 31.95 |
| Change | - | -38.25% | 24.72% | -42.85% | 60.79% | -29.79% |
| Free Cash Flow (FCF) 1 | - | - | - | - | - | - |
| Change | - | - | - | - | - | - |
| Announcement Date | 2/26/21 | 2/28/22 | 2/23/23 | 2/23/24 | 2/24/25 | 2/23/26 |
Forecast Financial Ratios: Lazard
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 27.69% | 22.98% | 8.54% | 15.48% | 15.39% | 15.36% | 18.2% | 20.98% |
| EBIT Margin (%) | 26.47% | 21.45% | 6.79% | 14.22% | 14.26% | 13.08% | 18.27% | 20.94% |
| EBT Margin (%) | 23.06% | 18.67% | -3.28% | - | - | - | - | - |
| Net margin (%) | 16.82% | 12.91% | -3.09% | 9.69% | 7.82% | 9.23% | 10.04% | 12.4% |
| FCF margin (%) | 26.33% | - | - | - | - | - | - | - |
| FCF / Net Income (%) | 156.49% | - | - | - | - | - | - | - |
Profitability | ||||||||
| ROA | 8.78% | 5.91% | 1.43% | 5.18% | 5.47% | 5.4% | 11.3% | - |
| ROE | 61.01% | 50.19% | 15.31% | 46.06% | 35.28% | 27.62% | 38.4% | 37.21% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 1.94x | - | 8.11x | 3.77x | 3.62x | 3.3x | 2.32x | 1.87x |
| Debt / Free cash flow | 2.04x | - | - | - | - | - | - | - |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 1.26% | 1.79% | 1.16% | - | - | - | - | - |
| CAPEX / EBITDA (%) | 4.57% | 7.78% | 13.58% | - | - | - | - | - |
| CAPEX / FCF (%) | 4.8% | - | - | - | - | - | - | - |
Items per share | ||||||||
| Cash flow per share 1 | 7.619 | - | 1.85 | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | 1.88 | 1.94 | 2 | 2 | 2 | 2 | 2.08 | 2.333 |
| Change | - | 3.19% | 3.09% | 0% | 0% | 0% | 4% | 12.18% |
| Book Value Per Share 1 | 9.682 | 6.474 | 4.762 | 6.214 | 9.304 | 10.36 | 14.29 | 16.9 |
| Change | - | -33.14% | -26.45% | 30.49% | 49.72% | 11.33% | 37.96% | 18.29% |
| EPS 1 | 4.63 | 3.51 | -0.9 | 2.68 | 2.17 | 2.876 | 3.759 | 4.825 |
| Change | - | -24.19% | -125.64% | 397.78% | -19.03% | 32.53% | 30.71% | 28.37% |
| Nbr of stocks (in thousands) | 102,874 | 85,915 | 87,415 | 90,470 | 94,878 | 97,451 | 97,451 | 97,451 |
| Announcement Date | 2/3/22 | 2/2/23 | 2/1/24 | 1/30/25 | 1/29/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 12.7x | 9.7x |
| PBR | 3.52x | 2.55x |
| EV / Sales | 1.57x | 1.31x |
| Yield | 5.48% | 5.7% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
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