HNI Corporation (HNI) vs La-Z-Boy Incorporated (LZB)

HNI Corporation and La-Z-Boy Incorporated are both Furnishings Fixtures & Appliances companies. HNI Corporation is the larger, with a market value of $3.4B against $1.2B — 2.8× the size. La-Z-Boy Incorporated trades at the lower P/E: 15.0× against 429×. HNI Corporation grew revenue faster over the last twelve months: 70.1% against 0.20%. La-Z-Boy Incorporated has the higher net margin (3.86% vs 0.10%) and the higher return on invested capital (8.66% vs 1.79%). Both pay a dividend; HNI Corporation yields more (3.04% vs 2.02%). Across the 23 metrics below, La-Z-Boy Incorporated leads on 19 and HNI Corporation on 4.

Valuation

Metric HNI LZB Furnishings Fixtures & Appliances median
P/E 428.64 15.02 14.03
P/S 0.77 0.57 0.52
P/B 1.88 1.17 1.06
Price to free cash flow 29.74 8.80 9.86
EV/EBITDA 16.40 5.40 7.67
EV/Sales 1.07 0.67 0.67
Earnings yield 0.23% 6.66% 3.50%
Free cash flow yield 3.36% 11.36% 7.55%

Profitability

Metric HNI LZB Furnishings Fixtures & Appliances median
Gross margin 40.95% 44.36% 37.53%
Operating margin 2.03% 4.98% 2.03%
Net margin 0.10% 3.86% 1.65%
Free cash flow margin 2.60% 6.43% 3.92%
Return on equity 0.34% 7.94% 5.51%
Return on assets 0.13% 4.16% 1.69%
Return on invested capital 1.79% 8.66% 3.55%

Growth

Metric HNI LZB Furnishings Fixtures & Appliances median
Revenue growth (TTM) 70.13% 0.20% 1.14%
EPS growth (last fiscal year) (61.46%) 5.11% —
Revenue growth, 5-year CAGR 7.74% 4.16% 0.64%
Net income growth, 5-year CAGR 5.28% (0.86%) 0.00%

Health

Metric HNI LZB Furnishings Fixtures & Appliances median
Debt to equity 0.78 0.00 0.17
Current ratio 1.36 1.66 1.97
Net debt to EBITDA 4.82 (1.08) 0.06

Dividend

Metric HNI LZB Furnishings Fixtures & Appliances median
Dividend yield 3.04% 2.02% 2.20%
Payout ratio 0.79 0.22 0.09

Size

Metric HNI LZB Furnishings Fixtures & Appliances median
Market cap 3.37b 1.20b 212.02m

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