QualityDipStocks / Consumer Discretionary · Home Furnishings
La-Z-Boy LZB
Outside our quality screen, so we don’t track its dips. It’s 25% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
- Fair value est.
- $40.54+28%
- Market Value
- $30.92price +2%
- Off 52-wk high
- −25%
- Risk vs market
- Lowbeta 0.44
52-week range 22% of the way from its 52-week low to its high
Price $31.70Fair value est. $40.54Market Value $30.92
5 bullish · 5 bearish See why
Repriced or dip?
Repricing: business changed
The price is 25% below its 52-week high (Aug 7), but the business held up: shares outstanding fewer shares, each owns more, revenue growth rate −0.6 pts.
Some numbers held up (shares outstanding fewer shares, each owns more, revenue growth rate −0.6 pts), others slipped (earnings per share −17.4%, free cash flow −19.9%). The price is 25% below its 52-week high.
The price is 25% below its 52-week high, and the business changed too: earnings per share −17.4%, free cash flow −19.9%.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 9 numbers, high vs now
- Revenue, last 12 months$2.1B → $2.1B (−0.8%)about the same
- Revenue growth rate+0.8% → +0.2% a year (−0.6 pts)held up
- Earnings per share, 12 months$2.47 → $2.04 (−17.4%)changed
- Free cash flow, 12 months$128M → $102M (−19.9%)changed
- Operating margin6.1% → 5.0% (−1.1 pts)about the same
- Shares outstanding−3.3% (fewer shares, each owns more)held up
- Stock vs its sector (Consumer Discretionary)stock −25%, sector median −2% since Aug 7changed
- Price fall vs business numbersprice −25%, revenue/EPS/FCF median −17% (shown, not scored)
- Valuation multipleP/FCF 13.6× at the high → 12.4× now (shown, not scored)
Business numbers as reported at the high (12 months to Apr 25, 2026) vs the latest filing (12 months to Jul 25, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($42.14, Aug 7) the price assumed about 0%/yr free-cash-flow growth; at the low ($28.68, Oct 21) about −3%; today about −1%. The last 3 years delivered −2%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −2%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $42.14Aug 7 | $28.68Oct 21 | $31.70 |
| Implied growth | 0% | −3% | −1% |
| P/E | 17.1× | 14.1× | 15.6× |
| P/FCF | 13.6× | 11.2× | 12.4× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, LZB’s free cash flow would need to shrink about 1% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much LZB moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves much less than the market, but its own price swings are 3.4× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.44
- Volatility
- 43% vs 13% SPY
- Correlation SPY
- 0.13
- Correlation QQQ
- 0.08
How it ranks
Where LZB stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Top quarter on 2 of 5 measures
- Discount to fair value estimate28% · price below our base caseTop 31%of 1,507
- Free cash flow yield8.1% · free cash flow vs market capTop 19%of 1,690
- Dividends + buybacks yield7.8% · cash paid out or used to retire shares, vs market capTop 13%of 2,227
- Revenue growth, last 12 months+0.2% · vs the 12 months beforeLowest 15%of 2,184
- Operating margin5% · of sales kept as operating profitLowest 30%of 1,549
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $40.54 · MV $30.92 · FCF value $109.73
Assumes 3.0% growth for 5 years (revenue grew -3.3% a year FY23–FY26; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.56 a share (trailing 12 months to Jul 25, 2026), from the 10-Q filed Aug 18, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur DCF fair value estimate is $40.54, 28% above the price.
ValuationFree-cash-flow yield of 8.1% (price / FCF 12.4×): $102M of free cash in the last 12 months.
Cash returnsShare count down 3.5% in a year: $60M of buybacks over 12 months.
Cash returnsDividend yield of 3.0% ($39M paid over 12 months, 47% of earnings).
Balance sheetOperating income covers interest 169× over.
Top bearish points 5 of 5
GrowthSales shrank 3% a year from FY2023 to FY2026.
GrowthSales grew 0.2% over the last 12 months, below the 6.5% median for the 463 Consumer Discretionary companies we cover.
ProfitabilityOperating margin of 5.0%, below the 10.0% median for the 421 Consumer Discretionary companies we cover.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; sales down vs the year-ago quarter.
RiskReports earnings Nov 17 (consensus EPS $0.48): results can move the price sharply and reset Market Value.
All fundamentals
P/E 15.6 · FCF yield 8.1% · ROE 8%
Valuation
- P/E
- 15.6×Consumer Discretionary median 20.1×
- Price / FCF
- 12.4×
- FCF yield
- 8.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 0.60×
- Price / book
- 1.25×
- Market cap
- $1.3Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $2.1B
- Sales growth, 12 months
- +0.2%vs the 12 months before
- Sales growth, 3 yrs
- −3.3%/yrfrom FY2023
- Diluted EPS, 12 months
- $1.97
- EPS growth, last FY
- +5.1%
- Net income, 12 months
- $81M
- Net income growth
- −11%12 months vs before
Profitability
- Gross margin
- 44.4%
- Operating margin
- 5.0%
- Net margin
- 3.9%
- FCF margin
- 4.8%
- Return on equity
- 8%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $267M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 169.3×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $102M
- FCF growth, 12 months
- +9%
- Dividend yield
- 3.05%$39M paid
- Payout ratio
- 47%
- Buybacks, 12 months
- $60M4.7% of market cap
- Share count, 1 year
- −3.5%diluted shares vs a year ago
- Stock-based comp
- $15M
Trailing 12 months to Jul 25, 2026; balance sheet at Jul 25, 2026. From La-Z-Boy’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.2B · Sales −3%
- Free cash flow, 12 months$0.2B
- Free-cash-flow yield8.1%
- Free-cash-flow margin9%
- Gross margin45%
- Operating margin3%
- Return on invested capital4%
- Return on equity8%
- Sales growth (latest quarter vs year-ago quarter)−3%
- Net debt / EBITDA1.4×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $31.70
- 52-wk lowlowest close, 1 year$28.68−9.5%
- Market Valueavg paid since Aug 18$30.92−2.5%
- PriceMon Nov 2 close$31.70you are here
- Fair value est.base case$40.54+27.9%
- 52-wk highhighest close, 1 year$42.14+32.9%
Momentum & 52-week range
RSI 61 · 5 days +7.0%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 17
- DateTue Nov 17
- Consensus EPS$0.48
- Year-ago EPS$0.71
- QuarterOct/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
LZB is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on La-Z-Boy in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in Home Furnishings
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.