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La-Z-Boy Incorporated LZB R2K

Consumer Cyclical · Furnishings, Fixtures & Appliances · United States
https://www.la-z-boy.com

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products in the United States, Canada, and internationally. It operates through Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio and branded space locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other home furnishing accessories to the end consumer through its retail stores network. It licenses La-Z-Boy brand name on various products; and operates Joybird, an e-commerce retailer that manufacturers upholstered furniture, as well as sells to the end consumer primarily online through its www.joybird.com website and small-format stores in urban markets. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

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$37.58
-8.07% 1Y

Market & Price

Market Cap
$1.55B
Current Price
$37.58
High / Low (52W)
$40.88 / $28.96
Beta
1.26

Valuation

Stock P/E
18.79
Industry PE
22.37
Forward P/E
12.70
PEG Ratio
0.99
Book Value
$25.48
Price to Book
1.48
P/S
0.73
EV/EBITDA
9.69
Dividend Yield
2.58%

Profitability & Returns

ROCE
9.84%
ROE
8.09%
ROA
4.31%
Profit Margin
3.93%
Op Margin
5.41%
EPS (Latest Qtr)
$0.52
EPS (TTM)
$2.00

Balance Sheet & Liquidity

Debt/Equity
0.54
Quick Ratio
0.99
Current Ratio
1.66
Debt
$568.47M
Total Assets
$1.92B
Current Assets
$805.69M
Working Capital
$384.90M

Ownership

Promoter Holding
2.75%
Chg in Prom Hold
-
FII / Inst Holding
102.56%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$1.81B
Total Revenue (TTM)
$2.13B
EBITDA
$186.86M
Free Cash Flow
$194.68M
Operating Cash Flow
$237.69M
Shares Outstanding
40.92M
Gross Margin
43.64%
Payout Ratio
45.10%

Growth (CAGR)

Revenue 5Y
-3.63%
Profit 5Y
-12.77%
Revenue (YoY)
3.80%
Earnings (YoY)
-23.50%

PROS

  • Attractive dividend yield of 2.58%.
  • Generates positive free cash flow.

CONS

  • Revenue declined at -3.6% CAGR over 5 years.
  • Earnings shrank at -12.8% CAGR over 5 years.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LZB La-Z-Boy Incorporated R2K 37.58 18.79 $1.55B 2.58% 9.84% 8.09% -3.63% -12.77%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
Ad space

Quarterly Results

Figures in USD.

Metric Jul 2013Oct 2013Jan 2014Jul 2014Oct 2014Jan 2015Jul 2015Oct 2015Jan 2016Jul 2016Oct 2016Jan 2017Jul 2017Oct 2017Jan 2018Jul 2018Oct 2018Jan 2019Jul 2019Oct 2019Jan 2020Jul 2020Oct 2020Jan 2021Jul 2021Oct 2021Jan 2022Jul 2022Oct 2022Jan 2023Jul 2023Oct 2023Jan 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026
Revenue ---------------384.69M439.33M467.58M413.63M447.21M475.86M285.46M459.12M470.20M524.78M575.89M571.57M604.09M611.33M572.72M481.65M511.44M500.41M495.53M521.03M521.78M570.87M492.23M522.48M541.59M
Cost of Revenue -----------------------------------290.41M319.81M283.03M291.34M308.08M
Gross Profit 101.47M122.69M121.80M111.51M129.90M129.56M124.23M145.81M147.99M134.22M149.38M156.81M139.10M154.95M162.50M148.52M174.41M189.87M167.71M182.39M199.64M116.36M200.56M201.25M202.08M223.29M219.37M231.03M249.48M235.58M205.73M222.60M213.25M213.34M230.65M231.37M251.06M209.20M231.14M233.51M
Operating Expenses -----------------------------------196.20M200.95M187.21M194.96M203.70M
Operating Income 14.77M26.12M25.88M16.49M30.19M26.93M19.97M33.39M34.78M22.46M33.86M33.57M16.30M34.27M33.09M23.16M28.50M40.84M23.42M29.60M52.31M4.33M47.94M34.41M34.37M54.11M39.49M52.64M61.88M42.84M34.53M33.61M32.56M32.37M38.77M35.17M50.11M21.99M36.18M29.81M
EBITDA -----------------------------------69.81M59.24M56.07M71.86M66.12M
Interest Expense -----------------------------------102.00K134.00K120.00K110.00K159.00K
Pretax Income -----------------------------------38.63M32.02M24.39M39.56M31.75M
Tax Provision -----------------------------------9.68M16.67M6.09M10.57M9.95M
Net Income 9.59M16.74M16.48M13.08M19.53M17.95M13.68M20.95M21.91M13.81M20.83M23.29M11.65M22.90M12.11M18.30M20.01M28.73M18.07M22.59M34.51M4.80M34.94M29.23M24.57M39.52M28.47M38.49M46.08M31.73M27.48M27.20M28.64M26.16M30.04M28.43M14.93M18.20M28.86M21.65M
Diluted EPS 0.180.310.310.250.370.340.270.410.430.280.420.470.240.470.250.390.420.610.380.480.740.100.750.620.540.890.650.891.070.740.630.630.660.610.710.680.360.440.700.52

Profit & Loss (Annual)

Figures in USD.

Metric Apr 2010Apr 2011Apr 2012Apr 2013Apr 2014Apr 2015Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Revenue --------1.58B1.75B1.70B1.73B2.36B2.35B2.05B2.11B
Cost of Revenue ------------1.48B1.38B1.17B1.18B
Gross Profit 373.13M354.34M370.74M416.86M464.45M504.49M584.98M609.30M622.75M702.57M721.45M740.26M879.79M964.73M881.67M926.42M
Operating Expenses ------------673.04M753.29M730.87M770.00M
Operating Income 40.43M25.91M48.70M67.60M89.30M103.17M125.33M133.34M129.37M129.67M118.76M136.74M206.76M211.44M150.80M156.42M
EBITDA ------------319.10M323.03M290.89M271.31M
Interest Expense ------------895.00K536.00K455.00K545.00K
Pretax Income ------------205.49M205.79M165.75M147.13M
Tax Provision ------------53.16M53.85M41.12M46.18M
Net Income 32.70M24.05M87.97M46.39M55.06M70.77M79.25M85.92M80.87M68.57M77.47M106.46M150.02M150.66M122.63M99.56M
Diluted EPS 0.620.451.640.851.021.341.551.731.671.441.662.303.393.482.832.35
R&D Expense -8.20M7.30M7.20M7.90M6.10M6.30M8.00M7.90M9.10M10.80M7.60M9.00M9.10M9.60M9.90M

Compounded Sales Growth

5 Years:-3.63%
1 Year:3.80%

Compounded Profit Growth

5 Years:-12.77%
1 Year:-23.50%

Stock Price Performance

1 Year:-8.07%
6 Months:-3.19%
3 Months:+5.93%
1 Month:+6.73%

Balance Sheet (Annual)

Figures in USD.

Metric Apr 2009Apr 2010Apr 2011Apr 2012Apr 2013Apr 2014Apr 2015Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Total Assets --593.46M685.74M720.37M771.29M774.60M800.03M888.86M892.97M1.06B1.43B1.79B1.93B1.87B1.91B1.92B
Current Assets -------------951.78M854.60M836.81M805.69M
Cash & Equivalents 17.37M108.43M115.26M152.37M131.09M149.66M98.30M112.36M141.86M134.51M129.82M261.55M391.21M245.59M343.37M341.10M328.45M
Inventory -------------303.19M276.26M263.24M255.28M
Receivables -------------183.75M125.54M139.21M139.53M
Total Liabilities -------------1.11B914.17M900.08M890.19M
Current Liabilities --132.10M149.76M150.16M167.38M154.89M157.43M198.68M181.35M238.64M350.17M611.67M675.69M475.86M437.28M420.79M
Long Term Debt ---7.93M7.58M277.00K-----------
Total Debt -------------430.11M445.91M481.75M490.86M
Total Equity --361.32M441.90M484.83M521.89M524.15M547.14M589.92M612.18M682.51M700.75M773.50M810.73M941.84M1.00B1.02B
Shares Outstanding -------------43.09M43.32M42.44M41.16M

Cash Flows (Annual)

Figures in USD.

Metric Apr 2010Apr 2011Apr 2012Apr 2013Apr 2014Apr 2015Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Operating Cash Flow 89.66M27.85M82.85M68.44M90.83M86.75M114.51M147.99M115.75M150.75M164.24M309.92M79.00M205.17M158.13M187.27M
Investing Cash Flow 14.01M-10.26M-19.09M-78.04M-45.02M-66.67M-37.23M-65.23M-55.22M-121.69M-33.91M-40.70M-78.37M-70.12M-81.55M-98.39M
Financing Cash Flow -11.86M-10.76M-26.52M-11.62M-26.69M-71.16M-63.20M-53.41M-76.25M-33.66M2.56M-141.05M-144.56M-37.14M-81.23M-102.61M
Capital Expenditure -10.99M-10.54M-15.52M-25.38M-33.73M-70.32M-24.68M-20.30M-36.34M-48.43M-46.03M-37.96M-76.58M-68.81M-53.55M-74.28M
Free Cash Flow 78.67M17.31M67.33M43.06M57.10M16.43M89.83M127.69M79.41M102.31M118.21M271.96M2.42M136.35M104.58M112.99M
Net Change in Cash -------------143.93M97.91M-4.65M-13.73M
Share Buybacks -05.18M10.33M32.10M51.85M44.08M35.96M56.73M22.96M43.37M44.20M90.64M5.00M52.77M77.93M
Dividends Paid -004.24M10.51M14.51M18.14M20.66M22.01M23.51M25.09M-----

Ratios (Annual)

Figures in %.

Metric Apr 2010Apr 2011Apr 2012Apr 2013Apr 2014Apr 2015Apr 2016Apr 2017Apr 2018Apr 2019Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 2025
Gross Margin % --------39.3%40.3%42.3%42.7%37.3%41.1%43.1%43.9%
Operating Margin % --------8.2%7.4%7.0%7.9%8.8%9.0%7.4%7.4%
Net Margin % --------5.1%3.9%4.5%6.1%6.4%6.4%6.0%4.7%
ROE % -6.7%19.9%9.6%10.5%13.5%14.5%14.6%13.2%10.0%11.1%13.8%18.5%16.0%12.2%9.8%
ROCE % -5.6%9.1%11.9%14.8%16.6%19.5%19.3%18.2%15.8%10.9%11.6%16.5%15.2%10.2%10.4%

Shareholding Pattern

Insiders
2.75%
Institutions
102.56%
Public Float
105.46%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 15.69% 6.42M $241.34M
2 Vanguard Portfolio Management LLC 6.69% 2.74M $102.95M
3 Dimensional Fund Advisors LP 6.58% 2.69M $101.25M
4 Vanguard Capital Management LLC 4.48% 1.83M $68.87M
5 Franklin Resources, Inc. 4.08% 1.67M $62.82M
6 American Century Companies Inc 3.98% 1.63M $61.25M
7 State Street Corporation 3.98% 1.63M $61.17M
8 LSV Asset Management 3.68% 1.51M $56.60M
9 Silvercrest Asset Management Group, LLC 2.86% 1.17M $43.97M
10 Geode Capital Management, LLC 2.46% 1.01M $37.89M

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