Lazard Ltd Intrinsic Value Calculation – Morgan Stanley Analyst Boosts Price Target for Lazard Ltd to 45
November 3, 2023
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Morgan Stanley Analyst has recently raised the price target for Lazard Ltd ($NYSE:LAZ) to 45, suggesting a bullish outlook on the company’s stock. Lazard Ltd is a financial advisory and asset management firm that has operations around the world, providing financial advice, structuring, and asset management services to a variety of clients. Over the past few years, the company has grown significantly and become one of the leading financial advisory firms in the world. Their strong presence in markets such as Asia, Europe, and North America has also allowed them to take advantage of opportunities and provide their services to an even wider client base.
Market Price
On Monday, LAZARD LTD opened at 28.8 but closed slightly down at 28.5, decreasing by 0.7% from the previous closing price of 28.7. Morgan Stanley’s increased target reflects the recent uptrend of Lazard’s share price, which has been gaining momentum since the beginning of the month due to its solid financial performance and operational improvements. Analysts remain optimistic that Lazard’s strong fundamentals will continue to drive its stock price up in the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lazard Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.45k | -100.61 | -3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lazard Ltd. More…
| Operations | Investing | Financing |
| 137.39 | -53.89 | -2.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lazard Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.3k | 3.79k | 4.13 |
Key Ratios Snapshot
Some of the financial key ratios for Lazard Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.5% | 6.1% | -0.1% |
| FCF Margin | ROE | ROA |
| 3.8% | -0.2% | -0.0% |
Analysis – Lazard Ltd Intrinsic Value Calculation
At GoodWhale, we have analyzed the fundamentals of LAZARD LTD, and our proprietary Valuation Line gives us an intrinsic value of around $39.1 for the company’s share. This value is significantly higher than the current trading price of $28.5, indicating that the stock is undervalued by 27.1%. This suggests that LAZARD LTD share may be a good investment opportunity in the current market. More…
Peers
The company operates in two segments: Financial Advisory and Asset Management. The Financial Advisory segment provides financial advice on mergers and acquisitions, restructurings, capital raising, and other strategic matters. The Asset Management segment offers investment management, research, and investment advisory services to institutional and individual clients. Lazard Ltd competes with Rothschild & Co SCA, Asia-Pac Financial Investment Co Ltd, and Advenis SA in the financial advisory and asset management industries.
– Rothschild & Co SCA ($LTS:0FPB)
Rothschild & Co SCA is a French multinational investment bank and financial services company founded in 1811. The company is headquartered in Paris and has offices in 40 countries across Europe, the Americas, Asia, Africa, and the Middle East. Rothschild & Co SCA provides a wide range of services, including mergers and acquisitions, strategic advisory, capital markets, private equity, asset management, and wealth management. The company has a market cap of 2.54B as of 2022 and a Return on Equity of 20.39%.
– Asia-Pac Financial Investment Co Ltd ($SEHK:08193)
Asia-Pac Financial Investment Co Ltd is a company that operates in the financial sector. It has a market cap of 62.96M as of 2022 and a Return on Equity of -28.99%. The company offers a range of financial services, including investment banking, asset management, and insurance.
Summary
Investing analysts have expressed strong confidence in Lazard Ltd. Analysts have noted the company’s consistent financial performance and their ability to successfully navigate the current market conditions. They also highlighted the company’s ability to consistently increase its dividend for shareholders, along with its solid balance sheet and improving cash flow.
Furthermore, analysts have been impressed by Lazard’s diversified business model, which includes its divisions in financial advisory, asset management, and merchant banking. These factors have made Lazard a sound long-term investment option, positioning it to benefit from any potential economic recovery.
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