How far off is La-Z-Boy Incorporated (NYSE:LZB) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by estimating the company’s future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine.

We generally believe that a company’s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

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La-Z-Boy is celebrating its 50th year in Dayton this year and held a celebration on Wednesday, honoring the company’s employees and marking a milestone for the worldwide furniture manufacturer.

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MONROE, Mich. — La-Z-Boy Inc. announced the planned retirement of Otis Sawyer, president of La-Z-Boy Portfolio Brands. T.J. Linz, president of La-Z-Boy Retail, will assume Sawyer’s responsibilities at the end of April 2023, the start of the company’s fiscal 2024 year. Sawyer will remain with the company through June 2023 to ensure a seamless transition.

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CHARLOTTE, N.C. — Tipperary Sales, a La-Z-Boy home furnishings dealer, appointed Heather Morin as the company’s CFO.

“The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company,” said Martha Brown, CEO of Tipperary Sales. “In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success.”

Morin, a CPA, brings more than 20 years of public accounting and consulting expertise to Tipperary. Most recently with the accounting firm, Cherry Bekaert, Morin is a graduate of Augusta University with an MBA and a Bachelor of Business in Accounting. Morin will remain in Augusta, working from the company’s business services office.

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ASHEVILLE, N.C. (WLOS) — A local nonprofit has received a major donation.

The La-Z-Boy Home Furnishings store in Asheville donated 60 pieces of gently used furniture to Western Carolina Rescue Mission on Wednesday, Aug. 11.

La-Z-Boy collected that furniture during its biannual trade-in sale.

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