La-Z-Boy Incorporated Net Income vs. Current Valuation
| LAZ Stock | EUR 42.00 0.60 1.41% |
For La-Z-Boy Incorporated profitability analysis, we use financial ratios and fundamental drivers that measure the ability of La-Z-Boy Incorporated to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well La Z Boy Incorporated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between La-Z-Boy Incorporated's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of La Z Boy Incorporated over time as well as its relative position and ranking within its peers.
La-Z-Boy |
La-Z-Boy Incorporated Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining La-Z-Boy Incorporated's current stock value. Our valuation model uses many indicators to compare La-Z-Boy Incorporated value to that of its competitors to determine the firm's financial worth. La Z Boy Incorporated is currently regarded as number one stock in net income category among its peers. It also is considered the number one company in current valuation category among its peers reporting about 8.12 of Current Valuation per Net Income. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the La-Z-Boy Incorporated's earnings, one of the primary drivers of an investment's value.La-Z-Boy Current Valuation vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
La-Z-Boy Incorporated |
| = | 150.02 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
La-Z-Boy Incorporated |
| = | 1.22 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
La-Z-Boy Current Valuation vs Competition
La Z Boy Incorporated is considered the number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Home Furnishings & Fixtures industry is now estimated at about 25.18 Billion. La-Z-Boy Incorporated holds roughly 1.22 Billion in current valuation claiming about 5% of equities under Home Furnishings & Fixtures industry.
La-Z-Boy Incorporated Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in La-Z-Boy Incorporated, profitability is also one of the essential criteria for including it into their portfolios because, without profit, La-Z-Boy Incorporated will eventually generate negative long term returns. The profitability progress is the general direction of La-Z-Boy Incorporated's change in net profit over the period of time. It can combine multiple indicators of La-Z-Boy Incorporated, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan. La Z operates under Home Furnishings Fixtures classification in Germany and is traded on Frankfurt Stock Exchange. It employs 9700 people.
La-Z-Boy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on La-Z-Boy Incorporated. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of La-Z-Boy Incorporated position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the La-Z-Boy Incorporated's important profitability drivers and their relationship over time.
Use La-Z-Boy Incorporated in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if La-Z-Boy Incorporated position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in La-Z-Boy Incorporated will appreciate offsetting losses from the drop in the long position's value.La-Z-Boy Incorporated Pair Trading
La Z Boy Incorporated Pair Trading Analysis
The ability to find closely correlated positions to La-Z-Boy Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace La-Z-Boy Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back La-Z-Boy Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling La Z Boy Incorporated to buy it.
The correlation of La-Z-Boy Incorporated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as La-Z-Boy Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if La-Z-Boy Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for La-Z-Boy Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your La-Z-Boy Incorporated position
In addition to having La-Z-Boy Incorporated in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in La-Z-Boy Stock
When determining whether La-Z-Boy Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of La-Z-Boy Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of La Z Boy Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on La Z Boy Incorporated Stock:Check out Correlation Analysis. For more detail on how to invest in La-Z-Boy Stock please use our How to Invest in La-Z-Boy Incorporated guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project La-Z-Boy Incorporated's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of La-Z-Boy Incorporated at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include La-Z-Boy Incorporated's income statement, its balance sheet, and the statement of cash flows.