Lazard (LAZ) AI Stock Analysis

• Market Cap: $5.32B
• Dividend Yield: 3.55%
• Average Volume (3M): 884.64K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 1.41
• Revenue Growth: 10.40%
• EPS Growth: 91.75%
• Country: US
• Employees: 3,253
• Sector: Financial
• Sector Strength: 77
• Industry: Financial - Capital Markets
• EPS (TTM): 0.52
• Shares Outstanding: 94,357,445
• 10 Day Avg. Volume: 798,351
• 30 Day Avg. Volume: 884,637
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.20
• Enterprise Value/Revenue: 2.14
• Enterprise Value/Gross Profit: 5.85
• Enterprise Value/Ebitda: 12.45
• 1Y Price Target: $58.50
• Price Target Upside: 6.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 78 Outperform
• Price Target: $65.00 ▲(18.20% Upside)

Lazard's overall stock score reflects strong financial performance and positive earnings call highlights, with bullish technical indicators supporting the stock's upward momentum. While valuation is reasonable, the company's strategic initiatives in private capital and talent acquisition position it well for future growth, despite some challenges in revenue consistency and regulatory uncertainties.

Positive Factors

Assets Under Management

Lazard Ltd announced a preliminary increase in assets under management by 5.6% to $248.4 billion.

Net Inflows

Net inflows for the second quarter were $0.7 billion, contrasting sharply with the expected net outflows of $4.0 billion.

Negative Factors

Market Impact

Market impact of -$5.4BN vs. +$0.1BN prior month.

Net Outflows

Monthly net outflows accelerated to -$3.7BN, with QTD net outflows more than double Consensus full-qtr net outflows.

Lazard Business Overview & Revenue Model

Company Description

Lazard Ltd (LAZ) is a leading financial advisory and asset management firm headquartered in New York City, with a global presence and a rich history dating back to 1848. The company operates through two primary segments: Financial Advisory and Asset Management. Lazard's Financial Advisory segment provides strategic advice and solutions related to mergers and acquisitions, restructurings, capital structure, and other financial matters, while its Asset Management segment offers investment management services to a diverse client base, including institutional investors and high-net-worth individuals.

How the Company Makes Money

Lazard generates revenue primarily through its Financial Advisory and Asset Management services. The Financial Advisory segment earns fees based on advisory services provided in connection with mergers and acquisitions, restructurings, and other financial transactions. These fees can be contingent on the completion of transactions, which can lead to significant revenue during peak market activity. In contrast, the Asset Management segment earns management and performance fees from its investment products. Management fees are typically a percentage of assets under management (AUM), while performance fees are based on the investment returns of certain funds exceeding predefined benchmarks. Additionally, Lazard has strategic partnerships and relationships with various financial institutions and corporations, further enhancing its advisory capabilities and expanding its client base, which contributes to its overall earnings.

Lazard Financial Statement Overview

Summary

Lazard shows strong profitability and cash flow management. However, inconsistent revenue growth and a low equity ratio present risks. Operational efficiency remains high with healthy margins.

Income Statement

Lazard's income statement reveals a solid gross profit margin of 47.9% for TTM, driven by strong revenue figures. The net profit margin improved to 10.1% TTM, reflecting better cost control and profitability compared to prior periods. However, revenue growth has been inconsistent, with a notable drop in 2024. EBIT and EBITDA margins for TTM are healthy at 13.6% and 16%, respectively, indicating operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.84 TTM, suggesting manageable leverage. However, the equity ratio of 14.2% TTM indicates a relatively low equity base, which could be a risk factor. The return on equity has improved to 50.5% TTM, showcasing enhanced profitability for shareholders.

Cash Flow

Cash flow analysis is strong, with a robust free cash flow to net income ratio of 2.2 TTM, highlighting efficient cash generation. The operating cash flow to net income ratio of 2.2 TTM further emphasizes strong cash flow management. However, free cash flow growth has been uneven, although it remains positive.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.97B	3.09B	2.55B	2.83B	3.27B	2.65B
Gross Profit	1.09B	1.08B	605.13M	1.12B	1.37B	1.02B
EBITDA	510.52M	511.27M	40.90M	640.77M	842.99M	619.66M
Net Income	304.53M	279.91M	-75.48M	357.52M	528.06M	402.46M
Balance Sheet
Total Assets	4.23B	4.79B	4.64B	5.85B	7.15B	5.97B
Cash, Cash Equivalents and Short-Term Investments	1.17B	1.58B	971.32M	2.01B	2.81B	2.52B
Total Debt	2.19B	2.19B	2.18B	2.20B	2.24B	2.29B
Total Liabilities	3.50B	4.03B	4.07B	4.59B	5.49B	4.97B
Stockholders Equity	603.03M	636.24M	423.76M	556.46M	975.22M	911.77M
Cash Flow
Free Cash Flow	655.42M	697.33M	136.37M	784.47M	826.38M	511.64M
Operating Cash Flow	677.50M	742.83M	164.66M	833.98M	866.08M	575.93M
Investing Cash Flow	118.04M	134.07M	-38.32M	-56.44M	-39.06M	-62.94M
Financing Cash Flow	-729.78M	-439.67M	-1.57B	-1.38B	195.84M	-547.35M

Lazard Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 54.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAZ, the sentiment is Positive. The current price of 54.99 is above the 20-day moving average (MA) of 54.66, above the 50-day MA of 52.45, and above the 200-day MA of 47.98, indicating a bullish trend. The MACD of 1.35 indicates Positive momentum. The RSI at 53.29 is Neutral, neither overbought nor oversold. The STOCH value of 65.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LAZ.

Lazard Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FUTU	80 Outperform	$29.39B	26.86	26.43%	―	66.97%	86.46%
MC	80 Outperform	$5.75B	28.06	45.36%	3.63%	42.85%	1398.33%
LAZ	78 Outperform	$5.32B	19.46	50.41%	3.55%	10.40%	91.75%
PIPR	76 Outperform	$5.90B	27.75	17.91%	1.75%	10.46%	50.47%
SNEX	69 Neutral	$5.02B	17.75	16.01%	―	53.19%	23.89%
Sector *	68 Neutral	$17.88B	11.66	10.24%	3.76%	9.66%	1.70%
PJT	64 Neutral	$6.16B	30.37	106.47%	0.57%	18.40%	54.77%

Lazard Corporate Events

Lazard Appoints Dmitry Shevelenko to Board of Directors

On September 2, 2025, Lazard announced the appointment of Dmitry Shevelenko, Chief Business Officer of Perplexity, to its Board of Directors. This strategic move is aimed at enhancing Lazard’s tech-enabled vision by leveraging Shevelenko’s expertise in artificial intelligence, aligning with the company’s commitment to integrating AI-driven insights with its intellectual capital. This appointment is expected to strengthen Lazard’s strategic position and governance as the company navigates the evolving technological landscape.

Lazard Completes Tender Offer for Senior Notes

On August 4, 2025, Lazard, Inc. announced the completion of a cash tender offer by its subsidiary Lazard Group LLC for its outstanding 3.625% Senior Notes due March 1, 2027. The offer, which expired on August 1, 2025, resulted in $202,944,000 worth of notes being tendered and accepted for purchase, with payment expected on August 4, 2025. This move is part of Lazard’s strategic financial management, potentially impacting its debt structure and financial stability.

Lazard Completes $300M Senior Notes Offering

On August 1, 2025, Lazard Group LLC, a subsidiary of Lazard, Inc., completed a public offering of $300 million in 5.625% Senior Notes due 2035. The proceeds from this offering are intended to repurchase outstanding 3.625% Senior Notes due 2027, cover related fees, and support general corporate purposes. This strategic financial move is expected to optimize Lazard Group’s debt structure and potentially enhance its market positioning.

Lazard Announces Senior Notes Offering and Tender Offer

On July 28, 2025, Lazard, Inc. announced that its subsidiary, Lazard Group LLC, is launching an offering of senior notes, which will be fully guaranteed by Lazard, Inc. Concurrently, Lazard Group is initiating a cash tender offer for its outstanding 3.625% Senior Notes due in 2027. The proceeds from the new notes offering will be used to repurchase the 2027 Notes and cover related expenses. This strategic move is expected to result in a gain on debt extinguishment of approximately $1.2 million, assuming all 2027 Notes are repurchased.