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Lazard Ltd Shs A LAZ Stock Quote

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Morningstar‘s Stock Analysis LAZ

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Is it the right time to buy or sell?

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Maintaining Our $51 Fair Value Estimate for Lazard, Shares Moderately Undervalued

Michael Wong, CFA, CPA Sector Director

Business Strategy and Outlook

| Michael Wong, CFA, CPA |

While Lazard has business exposures that add more uncertainty to its near-term outlook, the firm does have a plan to close its revenue growth gap relative to financial advisory peers that could benefit it in the medium term. Approximately 55% of Lazard’s net revenue is from acquisition and restructuring advisory with the remaining 45% coming from institutional asset management. Additionally, the company is fairly global with about 60% of net revenue coming from the Americas and 40% from EMEA and Asia.

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Key Statistics LAZ

Company Profile LAZ

Business Description

Lazard has a storied history that can be traced back to 1848. The company's revenue is nearly equally split between financial advisory, such as acquisition and restructuring advisory, and asset management. The company's asset management business is primarily equities (over 80% of assets under management), has an international focus, and is geared toward institutional clients. By geography, the company earns approximately 60% of revenue in the Americas, 35% in EMEA, and 5% in Asia-Pacific. Lazard has offices in over 40 cities across more than 25 countries and over 3,000 employees.

2 Church Street, Clarendon House
Hamilton, HM11, Bermuda
T +1 441 295-1422
Industry Capital Markets
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 3,179

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