Projected Income Statement: Lennar Corporation

Forecast Balance Sheet: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,895 -569 -3,457 -2,404 643 2,607 3,039 3,105
Change - -130.03% -507.56% 30.46% 126.75% 305.22% 16.57% 2.17%
Announcement Date 15/12/21 14/12/22 14/12/23 18/12/24 16/12/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 65.17 57.21 99.8 171.5 188.6 118.2 137.1 145.5
Change - -12.21% 74.43% 71.85% 9.99% -37.36% 16.06% 6.1%
Free Cash Flow (FCF) 1 2,468 3,208 5,080 2,232 28.18 1,387 2,361 -
Change - 30.02% 58.33% -56.06% -98.74% 4,822.83% 70.17% -100%
Announcement Date 15/12/21 14/12/22 14/12/23 18/12/24 16/12/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 20.51% 20.89% 16.35% 15.29% 9.12% 7.61% 8.49% 10.77%
EBIT Margin (%) 20.19% 20.64% 16.03% 14.97% 8.73% 6.73% 7.67% 10.15%
EBT Margin (%) 21.45% 17.86% 15.2% 14.63% 8.23% 6.42% 7.15% 9.47%
Net margin (%) 16.33% 13.7% 11.5% 11.1% 6.08% 4.71% 5.38% 5.75%
FCF margin (%) 9.1% 9.53% 14.84% 6.3% 0.08% 4.15% 6.7% -
FCF / Net Income (%) 55.7% 69.54% 128.98% 56.75% 1.36% 88.12% 124.43% -

Profitability

        
ROA 12.67% 14.61% 10.2% 9.76% 5.49% 4.71% 5.8% 11.3%
ROE 20.61% 20.55% 15.54% 14.44% 8.34% 7.75% 9.19% 12.99%

Financial Health

        
Leverage (Debt/EBITDA) 0.34x - - - 0.21x 1.03x 1.02x 0.76x
Debt / Free cash flow 0.77x - - - 22.83x 1.88x 1.29x -

Capital Intensity

        
CAPEX / Current Assets (%) 0.24% 0.17% 0.29% 0.48% 0.55% 0.35% 0.39% 0.39%
CAPEX / EBITDA (%) 1.17% 0.81% 1.78% 3.16% 6.05% 4.65% 4.58% 3.57%
CAPEX / FCF (%) 2.64% 1.78% 1.96% 7.68% 669.3% 8.52% 5.81% -

Items per share

        
Cash flow per share 1 8.261 11.27 18.28 8.835 0.8412 5.056 10.17 -
Change - 36.4% 62.25% -51.67% -90.48% 501.1% 101.14% -
Dividend per Share 1 2 1.5 1.5 2 2 2.025 2.075 2.102
Change - -25% 0% 33.33% 0% 1.25% 2.47% 1.33%
Book Value Per Share 1 67.89 83.16 93.82 102.5 88.91 86.69 87.98 106.7
Change - 22.48% 12.82% 9.21% -13.22% -2.49% 1.49% 21.33%
EPS 1 14.27 15.72 13.73 14.31 7.98 6.446 8.147 11.7
Change - 10.16% -12.66% 4.22% -44.23% -19.22% 26.39% 43.65%
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 247,621 247,621 247,621
Announcement Date 15/12/21 14/12/22 14/12/23 18/12/24 16/12/25 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 14.7x 11.7x
PBR 1.1x 1.08x
EV / Sales 0.78x 0.75x
Yield 2.13% 2.19%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BB
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
94.96USD
Average target price
105.43USD
Spread / Average Target
+11.02%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. LEN Stock
  4. Financials Lennar Corporation
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