Lennar Corp

STU : LNN
USA·Consumer Cyclical·Homebuilding & Construction·Class A
€69.14
−2.64 (−2.94%)Oct 15 close
Market Cap
€17.12B
Enterprise Value
€19.07B
P/E (TTM)
12.66
P/B
1.14
Net Cash / (Debt)
−€1.68B
52-Week Range
€66 — €114
5-Year Range
€62 — €174
Avg Volume (3M)
155

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 28, 2008SIC6513HQ5505 Waterford District Drive, Miami, FL, USA, 33126
to

Financials (EUR)

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
15.12
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)
1.97%
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 %
7.68%
Net Margin %
5.40%
Operating Margin %
6.86%
Operating Income
€1.97B
÷
Revenue
€28.70B
×
Tax Burden
0.7394
Net Income
€1.55B
÷
Pretax Income
€2.10B
×
Interest Burden
1.0640
Pretax Income
€2.10B
÷
Operating Income
€1.97B
×
Asset Turnover
0.93
Revenue
€28.70B
÷
Average Total Assets
€30.84B
Begin Total Assets
€33.59B
End Total Assets
€28.10B
×
Equity Multiplier
1.53
Avg Total Assets
€30.84B
÷
Avg Stockholders Equity
€20.16B
Begin Equity
€21.82B
End Equity
€18.51B