Lennar Corp

LTS : 0JU0
USA·Consumer Cyclical·Homebuilding & Construction·Class A
$76.45
−0.30 (−0.28%)Oct 16 close
Market Cap
$18.93B
Enterprise Value
$21.19B
P/E (TTM)
12.66
P/B
1.14
Net Cash / (Debt)
−$1.98B
52-Week Range
$73 — $134
5-Year Range
$60 — $192
Avg Volume (3M)
2.19K

Lennar builds and sells homes across the U.S., targeting first-time buyers, move-up buyers, retirees, and luxury buyers, primarily under the Lennar brand. Revenue comes mainly from home sales. It also runs a financial services segment that offers mortgages to its own homebuyers, and has a smaller business developing rental housing (both multifamily and single-family).

Employees12,532IPOJan 18, 2018SIC6513HQ5505 Waterford District Drive, Miami, FL, USA, 33126
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
9.9%
Operating Margin
8.1%
EBITDA Margin
8.4%
Net Margin
6.1%
OCF Margin
—
FCF Margin
0.1%
Returns on Capital
ROE
8.8%
ROA
5.8%
ROIC
6.6%
ROCE
8.1%
ROC (Greenblatt)
15.4%
3Y ROIIC
116.6%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
12.66
Forward P/E
15.29
P/E ex-NRI
12.54
Shiller P/E (CAPE)
9.60
Cash Flow Multiples
P/FCF
326.35
P/OCF
96.91
P/Owner Earnings
—
FCF Yield
0.11%
Enterprise Value Multiples
EV / EBIT
9.84
EV / Forward EBIT
8.72
EV / EBITDA
9.38
EV / Forward EBITDA
8.39
EV / Revenue
0.79
EV / Forward Revenue
0.80
Asset / Sales
P/S
0.76
P/B
1.14
P/Tangible Book
1.36
Growth-Adjusted
PEG
12.54

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.93%
Forward Dividend Yield
1.93%
3Y Dividend Growth
10.1%
Payout Ratio
0.25
5Y Yield on Cost
5.93%
Buybacks & Dilution
3Y Buyback Ratio
5.20%
5Y Share Change
−16.5%
Combined
Shareholder Yield
6.21%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.27
Gross Debt / EBITDA
2.04
Cash / Debt
0.65
Equity / Assets
0.64
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
10.70
Quick Ratio
4.17
Cash Ratio
2.09
Composite Scores
Piotroski F-Score
3
Altman Z-Score
4.00

5-Step DuPont Analysis

ROE %
8.01%
Net Margin %
5.39%
Operating Margin %
6.84%
Operating Income
$2.27B
÷
Revenue
$33.17B
×
Tax Burden
0.7390
Net Income
$1.79B
÷
Pretax Income
$2.42B
×
Interest Burden
1.0652
Pretax Income
$2.42B
÷
Operating Income
$2.27B
×
Asset Turnover
0.97
Revenue
$33.17B
÷
Average Total Assets
$34.10B
Begin Total Assets
$34.99B
End Total Assets
$33.21B
×
Equity Multiplier
1.53
Avg Total Assets
$34.10B
÷
Avg Stockholders Equity
$22.30B
Begin Equity
$22.73B
End Equity
$21.88B