La-Z-Boy
Market Cap
US$1.4b
Last Updated
2020/09/27 05:42 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and overvalued.
Similar Companies
Share Price & News
How has La-Z-Boy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LZB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.6%
LZB
-2.1%
US Consumer Durables
-0.8%
US Market
1 Year Return
-8.7%
LZB
18.0%
US Consumer Durables
13.8%
US Market
Return vs Industry: LZB underperformed the US Consumer Durables industry which returned 18% over the past year.
Return vs Market: LZB underperformed the US Market which returned 13.8% over the past year.
Shareholder returns
| LZB | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | -2.1% | -0.8% |
| 30 Day | -8.3% | -1.0% | -5.0% |
| 90 Day | 12.7% | 27.7% | 10.1% |
| 1 Year | -7.7%-8.7% | 19.5%18.0% | 16.4%13.8% |
| 3 Year | 18.2%13.2% | 16.7%11.8% | 36.9%27.8% |
| 5 Year | 23.1%14.2% | 45.7%36.7% | 85.0%64.2% |
Price Volatility Vs. Market
How volatile is La-Z-Boy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
We Think La-Z-Boy's (NYSE:LZB) Statutory Profit Might Understate Its Earnings Potential2 weeks ago | Simply Wall St
We're Watching These Trends At La-Z-Boy (NYSE:LZB)6 months ago | Simply Wall St
A Sliding Share Price Has Us Looking At La-Z-Boy Incorporated's (NYSE:LZB) P/E RatioValuation
Is La-Z-Boy undervalued compared to its fair value and its price relative to the market?
1.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LZB ($30.44) is trading below our estimate of fair value ($30.89)
Significantly Below Fair Value: LZB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LZB is poor value based on its PE Ratio (21.9x) compared to the US Consumer Durables industry average (13.7x).
PE vs Market: LZB is poor value based on its PE Ratio (21.9x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: LZB is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: LZB is overvalued based on its PB Ratio (2x) compared to the US Consumer Durables industry average (1.5x).
Next Steps
Future Growth
How is La-Z-Boy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
12.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LZB's forecast earnings growth (12% per year) is above the savings rate (2.2%).
Earnings vs Market: LZB's earnings (12% per year) are forecast to grow slower than the US market (22.9% per year).
High Growth Earnings: LZB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LZB's revenue (5.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: LZB's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LZB's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has La-Z-Boy performed over the past 5 years?
-0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LZB has a large one-off loss of $49.8M impacting its July 25 2020 financial results.
Growing Profit Margin: LZB's current net profit margins (4.1%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: LZB's earnings have declined by 0.7% per year over the past 5 years.
Accelerating Growth: LZB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LZB had negative earnings growth (-5.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (17.8%).
Return on Equity
High ROE: LZB's Return on Equity (9.2%) is considered low.
Next Steps
Financial Health
How is La-Z-Boy's financial position?
Financial Position Analysis
Short Term Liabilities: LZB's short term assets ($704.0M) exceed its short term liabilities ($424.5M).
Long Term Liabilities: LZB's short term assets ($704.0M) exceed its long term liabilities ($364.2M).
Debt to Equity History and Analysis
Debt Level: LZB's debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: LZB's debt to equity ratio has increased from 0.02% to 7% over the past 5 years.
Debt Coverage: LZB's debt is well covered by operating cash flow (502.4%).
Interest Coverage: LZB earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is La-Z-Boy current dividend yield, its reliability and sustainability?
1.29%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LZB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LZB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LZB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LZB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: LZB is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LZB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Kurt Darrow (65 yo)
17yrs
Tenure
US$5,256,122
Compensation
Mr. Kurt L. Darrow has been the President and Chief Executive Officer at La-Z-Boy Inc. since September 9, 2003. Mr. Darrow served as the President of La-Z-Boy Residential, flagship brand and largest divisi ...
CEO Compensation Analysis
Compensation vs Market: Kurt's total compensation ($USD5.26M) is about average for companies of similar size in the US market ($USD4.61M).
Compensation vs Earnings: Kurt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 17yrs | US$5.26m | 1.22% $ 17.1m | |
| Senior VP & CFO | 2.25yrs | US$1.75m | 0.049% $ 683.3k | |
| Senior VP & COO | 1.33yrs | US$1.68m | 0.088% $ 1.2m | |
| VP, General Counsel & Corporate Secretary | 1.67yrs | US$1.19m | 0.015% $ 216.0k | |
| Senior VP & President of La-Z-Boy Portfolio Brands | 12.58yrs | US$1.28m | 0.15% $ 2.1m | |
| VP, Corporate Controller & Chief Accounting Officer | 3.08yrs | no data | 0.021% $ 296.3k | |
| Chief Information Officer & VP | 3.25yrs | no data | no data | |
| Director of Investor Relations & Corporate Communications | 15.08yrs | no data | no data | |
| Chief Human Resources Officer | 2.08yrs | no data | no data | |
| Head of Strategic Initiatives | 14.42yrs | no data | no data | |
| President of Retail Division | 1.42yrs | no data | no data | |
| President of International | 1.17yrs | no data | no data |
2.7yrs
Average Tenure
55.5yo
Average Age
Experienced Management: LZB's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 17yrs | US$5.26m | 1.22% $ 17.1m | |
| Independent Director | 23.67yrs | US$204.66k | 0.043% $ 608.6k | |
| Independent Director | 14.67yrs | US$213.74k | 0.015% $ 213.1k | |
| Independent Lead Director | 5.08yrs | US$231.91k | 0.017% $ 233.4k | |
| Independent Director | 4.08yrs | US$178.99k | 0% $ 0 | |
| Independent Director | 11.58yrs | US$202.72k | 0.00076% $ 10.6k | |
| Independent Director | 7.08yrs | US$202.26k | 0% $ 0 | |
| Independent Director | 4.08yrs | US$178.99k | 0% $ 0 | |
| Independent Director | 1.08yrs | US$148.41k | no data |
7.1yrs
Average Tenure
65yo
Average Age
Experienced Board: LZB's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
La-Z-Boy Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: La-Z-Boy Incorporated
- Ticker: LZB
- Exchange: NYSE
- Founded: 1927
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: US$1.400b
- Shares outstanding: 46.00m
- Website: https://www.la-z-boy.com
Number of Employees
Location
- La-Z-Boy Incorporated
- One La-Z-Boy Drive
- Monroe
- Michigan
- 48162
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LZB | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1972 |
| LAZ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1972 |
Biography
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 intern ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/27 05:42 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/07/25 |
| Annual Earnings | 2020/04/25 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.