Discounted Cash Flow
Lazard, Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $2.4b | $387.7m | $562.5m | 16.3% | $3.11 |
| 2017 | $2.7b (13.2%) | $253.6m (-34.6%) | $987.8m (75.6%) | 9.4% (-42.2%) | $2.09 (-32.8%) |
| 2018 | $2.9b (6.9%) | $527.1m (107.9%) | $649.4m (-34.3%) | 18.3% (94.4%) | $4.43 (112.0%) |
| 2019 | $2.7b (-7.6%) | $286.5m (-45.6%) | $635.2m (-2.2%) | 10.7% (-41.2%) | $2.57 (-42.0%) |
| 2020 | $2.6b (-0.8%) | $402.5m (40.5%) | $511.6m (-19.5%) | 15.2% (41.5%) | $3.69 (43.6%) |
| 2021 | $3.3b (23.7%) | $528.1m (31.2%) | $826.4m (61.5%) | 16.1% (6.1%) | $4.90 (32.8%) |
| 2022 | $2.9b (-12.8%) | $357.5m (-32.3%) | $784.5m (-5.1%) | 12.5% (-22.4%) | $3.68 (-24.9%) |
| 2023 | $2.6b (-9.2%) | $-75.5m (-121.1%) | $136.4m (-82.6%) | -2.9% (-123.2%) | $-0.90 (-124.5%) |
| 2024 | $3.1b (21.1%) | $279.9m (470.8%) | $697.3m (411.4%) | 8.9% (406.3%) | $2.93 (425.6%) |
| 2025 | $3.2b (1.5%) | $236.8m (-15.4%) | $487.4m (-30.1%) | 7.4% (-16.6%) | $2.37 (-19.1%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.