La-Z-Boy
Market Cap
US$1.6b
Last Updated
2019/10/16 23:36 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.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
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
Market Performance
7 Day Return
4.9%
LZB
2.5%
US Consumer Durables
2.3%
US Market
1 Year Return
21.2%
LZB
38.5%
US Consumer Durables
5.6%
US Market
Return vs Industry: LZB underperformed the US Consumer Durables industry which returned 38.5% over the past year.
Return vs Market: LZB exceeded the US Market which returned 5.6% over the past year.
Shareholder returns
| LZB | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.9% | 2.5% | 2.3% |
| 30 Day | 5.4% | 2.3% | -1.0% |
| 90 Day | 5.3% | 7.0% | -0.7% |
| 1 Year | 23.3%21.2% | 40.3%38.5% | 7.9%5.6% |
| 3 Year | 43.2%36.5% | 51.1%46.5% | 45.6%36.3% |
| 5 Year | 73.3%60.6% | 41.4%32.7% | 65.8%47.6% |
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
1 week ago | Simply Wall St
Did You Miss La-Z-Boy's (NYSE:LZB) 67% Share Price Gain?3 weeks ago | Simply Wall St
How Much is La-Z-Boy Incorporated's (NYSE:LZB) CEO Getting Paid?1 month ago | Simply Wall St
A Closer Look At La-Z-Boy Incorporated's (NYSE:LZB) Uninspiring ROEValuation
Is La-Z-Boy undervalued compared to its fair value and its price relative to the market?
23.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: LZB ($34.36) is trading above our estimate of fair value ($28.17)
Significantly Undervalued: LZB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LZB is poor value based on its PE Ratio (23.6x) compared to the Consumer Durables industry average (13.7x).
PE vs Market: LZB is poor value based on its PE Ratio (23.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: LZB is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: LZB is overvalued based on its PB Ratio (2.3x) compared to the US Consumer Durables industry average (1.6x).
Next Steps
Future Growth
How is La-Z-Boy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LZB's forecast earnings growth (12.2% per year) is above the savings rate (2.7%).
Earnings vs Market: LZB's earnings (12.2% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: LZB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LZB's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: LZB's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: LZB's Return on Equity is forecast to be low in 3 years time (16.3%).
Next Steps
Past Performance
How has La-Z-Boy performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: LZB's earnings have grown by 5.1% 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 (-21.7%) over the past year, making it difficult to compare to the Consumer Durables industry average (13.5%).
Return on Equity
High ROE: LZB's Return on Equity (9.9%) is considered low.
Return on Assets
ROA vs Industry: LZB's Return on Assets is below or equal to the Consumer Durables industry average last year.
Return on Capital Employed
ROCE Improving: LZB's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is La-Z-Boy's financial position?
Financial Position Analysis
Short Term Liabilities: LZB's short term assets ($531.3M) exceeds its short term liabilities ($295.9M)
Long Term Liabilities: LZB's short term assets (531.3M) exceeds its long term liabilities (368.2M)
Debt to Equity History and Analysis
Debt Level: LZB is debt free.
Reducing Debt: LZB currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: LZB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LZB has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: LZB has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if LZB's debt is covered by short term assets.
Next Steps
Dividend
What is La-Z-Boy's current dividend yield, its reliability and sustainability?
1.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: LZB's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: LZB's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: LZB's dividend payments have been volatile in the past 10 years.
Growing Dividend: LZB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), LZB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LZB's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
Next Steps
Management
What is the CEO of La-Z-Boy's salary, the management and board of directors tenure and is there insider trading?
2.3yrs
Average management tenure
CEO
Kurt Darrow (64yo)
16.1yrs
Tenure
US$6,561,010
Compensation
Mr. Kurt L. Darrow has been the President and Chief Executive Officer at La-Z-Boy Inc. since September 9, 2003. Mr. Darrow served as the President of La-Z-Boy Residential, flagship brand and largest divisi ...
CEO Compensation Analysis
Compensation vs. Market: Kurt's total compensation ($USD6.56M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Kurt's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
2.3yrs
Average Tenure
54.5yo
Average Age
Experienced Management: LZB's management team is considered experienced (2.3 years average tenure).
Board Age and Tenure
7.2yrs
Average Tenure
65.5yo
Average Age
Experienced Board: LZB's board of directors are considered experienced (7.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 12,814 |
| Max Price | US$35.68 |
Ownership Breakdown
Management Team
Steve Krull (54yo)
VP, General Counsel & Corporate Secretary
- Tenure: 0.8yrs
Kurt Darrow (64yo)
Chairman
- Tenure: 16.1yrs
- Compensation: US$6.56m
Otis Sawyer (61yo)
Senior VP & President of La-Z-Boy Portfolio Brands
- Tenure: 11.7yrs
- Compensation: US$1.54m
Kathy Liebmann
Director of Investor Relations & Corporate Communications
- Tenure: 14.2yrs
Bob Ireland
Head of Strategic Initiatives
- Tenure: 13.5yrs
David Behen
Chief Information Officer & VP
- Tenure: 2.3yrs
Darrell Edwards (55yo)
Senior VP & COO
- Tenure: 0.4yrs
- Compensation: US$1.98m
Melinda Whittington (51yo)
Senior VP & CFO
- Tenure: 1.3yrs
- Compensation: US$2.50m
Lindsay Barnes (41yo)
VP, Corporate Controller & Chief Accounting Officer
- Tenure: 2.2yrs
Katie Vanderjagt
Chief Human Resources Officer
- Tenure: 1.2yrs
Board Members
H. Levy (69yo)
Independent Director
- Tenure: 22.8yrs
- Compensation: US$196.11k
Nido Qubein (70yo)
Independent Director
- Tenure: 13.8yrs
- Compensation: US$206.11k
W. McCollough (69yo)
Lead Director
- Tenure: 4.2yrs
- Compensation: US$226.11k
Ed Holman (72yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$205.35k
Lauren Peters (57yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$172.34k
Kurt Darrow (64yo)
Chairman
- Tenure: 16.1yrs
- Compensation: US$6.56m
Janet Kerr (64yo)
Independent Director
- Tenure: 10.7yrs
- Compensation: US$194.32k
Mike Lawton (60yo)
Independent Director
- Tenure: 6.2yrs
- Compensation: US$197.07k
Sarah Gallagher (67yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$172.34k
Becky O’Grady (50yo)
Independent Director
- Tenure: 0.2yrs
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$1.602b
- Shares outstanding: 46.63m
- 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 | 2019/10/16 23:36 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/07/27 |
| Annual Earnings | 2019/04/27 |
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.