Lennar Corp

MEX : LEN
USA·Consumer Cyclical·Homebuilding & Construction·Class A
MX$1,842.59
−79.27 (−4.12%)latest daily quote
Market Cap
MX$456.26B
Enterprise Value
MX$496.30B
P/E (TTM)
12.66
P/B
1.14
Net Cash / (Debt)
−MX$34.10B
52-Week Range
MX$1,641 — MX$2,414
5-Year Range
MX$1,345 — MX$3,364
Avg Volume (3M)
5.67K

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).

Employees12,532IPONov 27, 2007SIC6513HQ5505 Waterford District Drive, Miami, FL, USA, 33126
to

Financials (MXN)

Profitability

Metric
Current
Margins
Gross Margin
9.9%
Operating Margin
8.1%
EBITDA Margin
8.4%
Net Margin
6.1%
OCF Margin
—
FCF Margin
−0.2%
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
15.78
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)
2.01%
Forward Dividend Yield
1.87%
3Y Dividend Growth
10.1%
Payout Ratio
0.25
5Y Yield on Cost
5.96%
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 %
7.93%
Net Margin %
5.43%
Operating Margin %
6.91%
Operating Income
MX$42.75B
÷
Revenue
MX$618.81B
×
Tax Burden
0.7394
Net Income
MX$33.59B
÷
Pretax Income
MX$45.42B
×
Interest Burden
1.0625
Pretax Income
MX$45.42B
÷
Operating Income
MX$42.75B
×
Asset Turnover
0.96
Revenue
MX$618.81B
÷
Average Total Assets
MX$647.69B
Begin Total Assets
MX$723.47B
End Total Assets
MX$571.90B
×
Equity Multiplier
1.53
Avg Total Assets
MX$647.69B
÷
Avg Stockholders Equity
MX$423.38B
Begin Equity
MX$469.99B
End Equity
MX$376.78B