Alliance Laundry Holdings Inc. (ALH) vs La-Z-Boy Incorporated (LZB)

Alliance Laundry Holdings Inc. and La-Z-Boy Incorporated are both Furnishings Fixtures & Appliances companies. Alliance Laundry Holdings Inc. is the larger, with a market value of $4.3B against $1.2B — 3.5× the size. La-Z-Boy Incorporated trades at the lower P/E: 15.0× against 23.3×. Alliance Laundry Holdings Inc. has the higher net margin (10.1% vs 3.86%) and the higher return on invested capital (10.6% vs 8.66%). Across the 19 metrics below, La-Z-Boy Incorporated leads on 13 and Alliance Laundry Holdings Inc. on 6.

Valuation

Metric ALH LZB Furnishings Fixtures & Appliances median
P/E 23.26 15.02 14.03
P/S 2.44 0.57 0.52
P/B 8.64 1.17 1.06
Price to free cash flow 16.91 8.80 9.86
EV/EBITDA 13.22 5.40 7.67
EV/Sales 3.29 0.67 0.67
Earnings yield 4.30% 6.66% 3.50%
Free cash flow yield 5.91% 11.36% 7.55%

Profitability

Metric ALH LZB Furnishings Fixtures & Appliances median
Gross margin 37.72% 44.36% 37.53%
Operating margin 19.06% 4.98% 2.03%
Net margin 10.08% 3.86% 1.65%
Free cash flow margin 14.45% 6.43% 3.92%
Return on equity 158.98% 7.94% 5.51%
Return on assets 12.15% 4.16% 1.69%
Return on invested capital 10.55% 8.66% 3.55%

Growth

Metric ALH LZB Furnishings Fixtures & Appliances median
Revenue growth (TTM) — 0.20% 1.14%
EPS growth (last fiscal year) (0.71%) 5.11% —
Revenue growth, 5-year CAGR — 4.16% 0.64%
Net income growth, 5-year CAGR — (0.86%) 0.00%

Health

Metric ALH LZB Furnishings Fixtures & Appliances median
Debt to equity 3.35 0.00 0.17
Current ratio 1.43 1.66 1.97
Net debt to EBITDA 3.86 (1.08) 0.06

Dividend

Metric ALH LZB Furnishings Fixtures & Appliances median
Dividend yield — 2.02% 2.20%
Payout ratio — 0.22 0.09

Size

Metric ALH LZB Furnishings Fixtures & Appliances median
Market cap 4.25b 1.20b 212.02m

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