Lazard (LAZ) AI Stock Analysis

• Market Cap: $5.09B
• Dividend Yield: 3.62%
• Average Volume (3M): 974.91K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 1.40
• Revenue Growth: 10.40%
• EPS Growth: 91.75%
• Country: US
• Employees: 3,253
• Sector: Financial
• Sector Strength: 71
• Industry: Financial - Capital Markets
• EPS (TTM): 0.52
• Shares Outstanding: 94,357,445
• 10 Day Avg. Volume: 868,499
• 30 Day Avg. Volume: 974,915
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 2.14
• Enterprise Value/Gross Profit: 5.85
• Enterprise Value/Ebitda: 12.45
• 1Y Price Target: $56.17
• Price Target Upside: 1.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 74 Outperform
• Price Target: $56.00 ▲(1.23% Upside)

Lazard's overall score reflects solid financial performance and a positive outlook from recent earnings. Strong operational margins and strategic initiatives in private capital and debt management are key strengths. However, challenges in revenue consistency, equity ratio, and compensation expenses moderate the score.

Positive Factors

Assets under Management

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

Cash Flows

Monthly cash flows turned positive with an inflow of $4.6 billion, compared to outflows the previous month.

Negative Factors

Net Outflows

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

Sub-advised Relationship

Outflows included -$4.3BN from a single sub-advised relationship.

Lazard Business Overview & Revenue Model

Company Description

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients across various industry areas, including consumers, financial institutions, healthcare and life sciences, industrials, power and energy/infrastructure, and real estate, as well as technology, telecommunication, and media and entertainment. The Asset Management segment offers a range of investment solutions, and investment and wealth management services in equity and fixed income strategies; asset allocation strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. The company was founded in 1848 and is based in Hamilton, Bermuda.

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's financial performance is strong, with solid profitability and cash flow management. The income statement shows a healthy gross profit margin and improved net profit margin, although revenue growth has been inconsistent. The balance sheet reveals manageable leverage but a low equity base. Cash flow analysis is robust, highlighting efficient cash generation, despite uneven free cash flow growth.

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

Lazard Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 55.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 55.32 is above the 20-day moving average (MA) of 52.81, above the 50-day MA of 49.27, and above the 200-day MA of 47.78, indicating a bullish trend. The MACD of 1.12 indicates Negative momentum. The RSI at 65.68 is Neutral, neither overbought nor oversold. The STOCH value of 96.62 is Negative, 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
MC	79 Outperform	$5.94B	29.00	45.36%	3.40%	42.85%	1398.33%
PIPR	76 Outperform	$5.87B	27.98	17.91%	1.66%	10.46%	50.47%
PJT	76 Outperform	$6.39B	31.53	106.47%	0.54%	18.40%	54.77%
LAZ	74 Outperform	$5.09B	18.63	50.41%	3.62%	10.40%	91.75%
FUTU	74 Outperform	$7.34B	29.46	23.44%	―	56.04%	58.58%
Sector *	68 Neutral	$17.51B	11.65	10.43%	3.82%	9.93%	1.68%
SNEX	67 Neutral	$4.75B	15.52	16.01%	―	53.19%	23.89%

Lazard Corporate Events

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.

The most recent analyst rating on (LAZ) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

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.

The most recent analyst rating on (LAZ) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

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.

The most recent analyst rating on (LAZ) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.