Company Valuation: Lendlease Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,834 6,224 5,296 3,699 3,681 2,039 - -
Change - -20.56% -14.91% -30.15% -0.5% -44.61% - -
Enterprise Value (EV) 1 8,529 7,284 7,677 6,875 7,114 4,985 3,641 3,973
Change - -14.6% 5.4% -10.44% 3.47% -29.93% -26.96% 9.12%
P/E 35.5x -63.3x -23x -2.49x 16.5x -3.92x 29.2x 11.7x
PBR 1.14x 0.9x 0.81x 0.77x 0.72x 0.4x 0.38x 0.36x
PEG - 0x -0x -0x -0x 0x -0x 0x
Capitalization / Revenue 0.77x 0.67x 0.51x 0.39x 0.47x 0.32x 0.19x 0.19x
EV / Revenue 0.84x 0.78x 0.73x 0.73x 0.91x 0.77x 0.34x 0.36x
EV / EBITDA 11.3x 11.6x 14.1x 10.3x 7.78x -18.3x 7.87x 6.62x
EV / EBIT 14x 15.1x 19x 12.5x 8.66x -16x 8.28x 8.41x
EV / FCF 28x -25.7x -6.17x -6.56x -6.74x -7.69x 2.28x 6.34x
FCF Yield 3.58% -3.89% -16.2% -15.2% -14.8% -13% 43.8% 15.8%
Dividend per Share 2 0.27 0.16 0.16 0.16 0.23 0.1207 0.1472 0.1886
Rate of return 2.36% 1.76% 2.06% 2.96% 4.28% 4.18% 5.1% 6.53%
EPS 2 0.323 -0.144 -0.337 -2.177 0.326 -0.7365 0.099 0.248
Distribution rate 83.6% -111% -47.5% -7.35% 70.6% -16.4% 149% 76.1%
Net sales 1 10,185 9,324 10,458 9,437 7,790 6,436 10,640 10,906
EBITDA 1 757 629 544 669 914 -272.1 462.4 600.5
EBIT 1 609 483 404 549 821 -311.6 439.9 472.3
Net income 1 222 -99 -232 -1,052 225 -545.5 242.8 297
Net Debt 1 695 1,060 2,381 3,176 3,433 2,946 1,602 1,934
Reference price 2 11.460 9.110 7.750 5.410 5.380 2.890 2.890 2.890
Nbr of stocks (in thousands) 683,586 683,158 683,322 683,792 684,193 681,891 - -
Announcement Date 15/08/21 21/08/22 13/08/23 18/08/24 17/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.72x4.95x13.32x3.23% 44.72B
8.68x1.5x7.67x4.06% 30.54B
20.21x4.18x17.06x1.23% 29.77B
5.64x0.62x1.27x8.93% 26.95B
14.76x3.15x15.12x2.38% 26.23B
9.15x2.36x7.27x3.81% 21.58B
14.97x6.82x18.24x1.42% 21.05B
7.83x0.87x3.16x2.85% 20.04B
10.26x1.65x14.29x3.68% 18.7B
Average 11.91x 2.90x 10.82x 3.51% 26.62B
Weighted average by Cap. 12.40x 3.06x 11.02x 3.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield