Company Valuation: Lennar Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 31,785 25,019 35,924 46,992 32,193 21,956 - -
Change - -21.29% 43.59% 30.81% -31.49% -31.8% - -
Enterprise Value (EV) 1 33,680 24,450 32,467 44,588 32,836 24,318 24,966 24,949
Change - -27.4% 32.79% 37.33% -26.36% -25.94% 2.66% -0.07%
P/E ratio 7.36x 5.59x 9.32x 12.2x 16.5x 14.2x 11.5x 7.81x
PBR 1.55x 1.06x 1.36x 1.7x 1.48x 1.07x 1.02x 0.83x
PEG - 0.6x -0.7x 2.89x -0.4x -0.7x 0.5x 0.2x
Capitalization / Revenue 1.17x 0.74x 1.05x 1.33x 0.94x 0.66x 0.62x 0.58x
EV / Revenue 1.24x 0.73x 0.95x 1.26x 0.96x 0.73x 0.71x 0.66x
EV / EBITDA 6.05x 3.48x 5.8x 8.23x 10.5x 10.1x 8.93x 6.18x
EV / EBIT 6.15x 3.52x 5.92x 8.41x 11x 10.8x 9.5x 6.01x
EV / FCF 13.6x 7.62x 6.39x 20x 1,165x 20.5x 13.5x -
FCF Yield 7.33% 13.1% 15.6% 5.01% 0.09% 4.89% 7.4% -
Dividend per Share 2 2 1.5 1.5 2 2 2.012 2.075 2.102
Rate of return 1.9% 1.71% 1.17% 1.15% 1.52% 2.26% 2.33% 2.36%
EPS 2 14.27 15.72 13.73 14.31 7.98 6.25 7.701 11.39
Distribution rate 14% 9.54% 10.9% 14% 25.1% 32.2% 26.9% 18.5%
Net sales 1 27,131 33,671 34,233 35,441 34,187 33,465 35,171 37,765
EBITDA 1 5,563 7,035 5,598 5,420 3,119 2,397 2,796 4,039
EBIT 1 5,477 6,948 5,488 5,305 2,985 2,251 2,629 4,151
Net income 1 4,430 4,614 3,939 3,933 2,078 1,481 1,746 2,137
Net Debt 1 1,895 -568.8 -3,457 -2,404 643.4 2,362 3,010 2,992
Reference price 2 105.05 87.83 127.92 174.39 131.30 88.93 88.93 88.93
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 247,621 - -
Announcement Date 15/12/21 14/12/22 14/12/23 18/12/24 16/12/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.23x0.73x10.15x2.26% 21.96B
16.79x1.88x11.82x-.--% 18.89B
11.51x1.01x10.28x2.88% 4.45B
22.78x - - - 3.98B
8.96x - - - 3.22B
14.2x0.34x5.96x5.78% 810M
21.05x0.3x5.4x1.15% 270M
31.04x0.25x5.74x-.--% 135M
Average 17.57x 0.75x 8.22x 2.01% 6.72B
Weighted average by Cap. 15.30x 1.21x 10.73x 1.45%

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

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