Company Valuation: Lazard

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,488 2,979 3,042 4,657 4,607 4,222 - -
Change - -33.64% 2.13% 53.1% -1.08% -8.37% - -
Enterprise Value (EV) 1 6,174 2,979 4,732 6,344 6,295 5,911 5,911 5,911
Change - -51.75% 58.87% 34.07% -0.77% -6.1% 0% 0%
P/E 9.42x 9.88x -38.7x 19.2x 22.4x 15.1x 11.5x 8.98x
PBR 4.51x 5.36x 7.31x 8.28x 5.22x 4.18x 3.03x 2.56x
PEG - -0.4x 0x -0x -1.2x 0.5x 0.4x 0.3x
Capitalization / Revenue 1.43x 1.08x 1.25x 1.61x 1.52x 1.27x 1.06x 0.98x
EV / Revenue 1.97x 1.08x 1.94x 2.2x 2.08x 1.78x 1.48x 1.38x
EV / EBITDA 7.1x 4.68x 22.7x 14.2x 13.5x 11.7x 8.15x 6.59x
EV / EBIT 7.43x 5.01x 28.6x 15.4x 14.6x 13.6x 8.09x 6.57x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.88 1.94 2 2 2 2 2.08 2.333
Rate of return 4.31% 5.6% 5.75% 3.89% 4.12% 4.62% 4.8% 5.39%
EPS 2 4.63 3.51 -0.9 2.68 2.17 2.876 3.759 4.825
Distribution rate 40.6% 55.3% -222% 74.6% 92.2% 69.5% 55.3% 48.4%
Net sales 1 3,139 2,769 2,440 2,890 3,030 3,329 3,999 4,299
EBITDA 1 869 636.4 208.4 447.2 466.3 507.4 725 897.1
EBIT 1 830.7 594 165.6 410.9 432.2 435 730.6 899.4
Net income 1 528.1 357.5 -75.48 279.9 236.8 307.2 401.8 534.2
Net Debt 1 1,685 - 1,690 1,687 1,688 1,690 1,690 1,690
Reference price 2 43.63 34.67 34.80 51.48 48.56 43.32 43.32 43.32
Nbr of stocks (in thousands) 102,874 85,915 87,415 90,470 94,878 97,451 - -
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.92x5.87x12.58x2.03% 175B
15.05x3.64x - 2.35% 162B
17.24x7.59x - 1.45% 108B
25.75x13.5x23.15x3.79% 84.72B
13.82x5.3x - 1.9% 50.8B
12.42x1.89x5.81x1.18% 49.45B
5.65x5.57x4.85x3.29% 38.7B
14.45x5.27x16.42x1.82% 33.69B
Average 15.66x 6.08x 12.56x 2.23% 87.79B
Weighted average by Cap. 17.32x 6.17x 13.60x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield