La-Z-Boy Incorporated logo LZB - La-Z-Boy Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $40.00 DETAILS
HIGH: $40.00
LOW: $40.00
MEDIAN: $40.00
CONSENSUS: $40.00
UPSIDE: 22.81%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Moderate
Trading 17.6% below fair value
Current Price $32.57
Bear Case $34.58 6.2% upside ($34.58 - $32.57) / $32.57 = 6.2% $2.47 × 14x P/E
Fair Value $39.52 21.3% upside ($39.52 - $32.57) / $32.57 = 21.3% $2.47 × 16x P/E
Bull Case $44.46 36.5% upside ($44.46 - $32.57) / $32.57 = 36.5% $2.47 × 18x P/E

Adjust Assumptions

16.0x
2.47$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 13.2x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $2.47, the base-case value is $39.52 per share. DDM cross-check: $2669.19.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (10 analysts) $40.00
Analyst Range $40.00 – $40.00
Divergence from AlphaVal 1%

Warnings

Dividend-based valuation: $2669.19 (above our primary estimate by 6654%). 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