LZB - La-Z-Boy Incorporated
Price:
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CONSENSUS:
Buy
DETAILS
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
80% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.0x
2.44$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
15.1x
Plain-Language Summary
Applying a 16x P/E to adjusted EPS of $2.44, the base-case value is $38.96 per share. DDM cross-check: $2608.53.
Warnings
Dividend-based valuation: $2608.53 (above our primary estimate by 6595%). Large gaps may signal the dividend doesn't reflect full earning power.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples