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 3,991 - -
Change - -33.64% 2.13% 53.1% -1.08% -13.37% - -
Enterprise Value (EV) 1 6,174 2,979 4,732 6,344 6,295 5,682 5,682 5,682
Change - -51.75% 58.87% 34.07% -0.77% -9.75% 0% 0%
P/E 9.42x 9.88x -38.7x 19.2x 22.4x 24.4x 19.2x 11.4x
PBR 4.51x 5.36x 7.31x 8.28x 5.22x 3.46x 2.97x 2.28x
PEG - -0.4x 0x -0x -1.2x -1.1x 0.7x 0.2x
Capitalization / Revenue 1.43x 1.08x 1.25x 1.61x 1.52x 1.22x 1.02x 0.96x
EV / Revenue 1.97x 1.08x 1.94x 2.2x 2.08x 1.73x 1.45x 1.37x
EV / EBITDA 7.1x 4.68x 22.7x 14.2x 13.5x 18.1x 10.1x 7.69x
EV / EBIT 7.43x 5.01x 28.6x 15.4x 14.6x 21.5x 8.84x 6.98x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.88 1.94 2 2 2 2 2.047 2.22
Rate of return 4.31% 5.6% 5.75% 3.89% 4.12% 4.89% 5.01% 5.43%
EPS 2 4.63 3.51 -0.9 2.68 2.17 1.676 2.125 3.574
Distribution rate 40.6% 55.3% -222% 74.6% 92.2% 119% 96.3% 62.1%
Net sales 1 3,139 2,769 2,440 2,890 3,030 3,283 3,920 4,154
EBITDA 1 869 636.4 208.4 447.2 466.3 314.2 564.5 738.5
EBIT 1 830.7 594 165.6 410.9 432.2 263.7 642.7 814
Net income 1 528.1 357.5 -75.48 279.9 236.8 159.2 269.1 413.8
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 40.87 40.87 40.87
Nbr of stocks (in thousands) 102,874 85,915 87,415 90,470 94,878 97,662 - -
Announcement Date 2/3/22 A 2/2/23 A 2/1/24 A 1/30/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.11x6.3x13.61x1.88% 188B
14.36x3.41x - 2.5% 148B
16.36x7.4x - 1.51% 103B
19.88x7.09x12.63x4.29% 94.8B
20.29x10.72x19.39x0.8% 86.72B
20.9x13.11x21.87x3.91% 82.14B
15.23x11.39x8.87x1.84% 71.65B
12.92x4.89x - 2.02% 47.26B
Average 17.88x 8.04x 15.27x 2.34% 103B
Weighted average by Cap. 18.52x 7.52x 15.04x 2.32%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Lazard

Historical PBR trend

Valuation ratios - PBR - Lazard

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Lazard

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Lazard


Year-on-year evolution of the Yield

Valuation ratios - Yield - Lazard