Company Valuation: Lennar Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,785 25,019 35,924 46,992 32,193 20,386 - -
Change - -21.29% 43.59% 30.81% -31.49% -36.67% - -
Enterprise Value (EV) 1 33,680 24,450 32,467 44,588 32,836 23,182 23,403 23,365
Change - -27.4% 32.79% 37.33% -26.36% -29.4% 0.96% -0.16%
P/E 7.36x 5.59x 9.32x 12.2x 16.5x 15.4x 13.1x 10.2x
PBR 1.55x 1.06x 1.36x 1.7x 1.48x 1.05x 1.01x 0.9x
PEG - 0.6x -0.7x 2.89x -0.4x -0.5x 0.7x 0.4x
Capitalization / Revenue 1.17x 0.74x 1.05x 1.33x 0.94x 0.63x 0.6x 0.57x
EV / Revenue 1.24x 0.73x 0.95x 1.26x 0.96x 0.71x 0.69x 0.65x
EV / EBITDA 6.05x 3.48x 5.8x 8.23x 10.5x 10.5x 9.67x 7.24x
EV / EBIT 6.15x 3.52x 5.92x 8.41x 11x 11.4x 10.2x 7.8x
EV / FCF 13.6x 7.62x 6.39x 20x 1,165x 36.7x 35.5x -
FCF Yield 7.33% 13.1% 15.6% 5.01% 0.09% 2.73% 2.81% -
Dividend per Share 2 2 1.5 1.5 2 2 2 2.058 2.078
Rate of return 1.9% 1.71% 1.17% 1.15% 1.52% 2.36% 2.43% 2.45%
EPS 2 14.27 15.72 13.73 14.31 7.98 5.498 6.459 8.293
Distribution rate 14% 9.54% 10.9% 14% 25.1% 36.4% 31.9% 25.1%
Net sales 1 27,131 33,671 34,233 35,441 34,187 32,487 33,812 35,902
EBITDA 1 5,563 7,035 5,598 5,420 3,119 2,210 2,421 3,227
EBIT 1 5,477 6,948 5,488 5,305 2,985 2,031 2,290 2,996
Net income 1 4,430 4,614 3,939 3,933 2,078 1,322 1,482 1,873
Net Debt 1 1,895 -568.8 -3,457 -2,404 643.4 2,796 3,017 2,979
Reference price 2 105.05 87.83 127.92 174.39 131.30 84.82 84.82 84.82
Nbr of stocks (in thousands) 3,09,473 2,91,167 2,84,355 2,71,245 2,47,016 2,40,895 - -
Announcement Date 15/12/21 14/12/22 14/12/23 18/12/24 16/12/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.43x0.71x10.49x2.36% 2.04TCr
17.52x1.78x12.06x-.--% 1.68TCr
14.57x1.09x11.62x2.66% 470.95Cr
11.92x - - - 371.23Cr
12.41x - - - 127.19Cr
106.85x - - - 76Cr
8.33x0.15x2.08x5.41% 22Cr
27.02x - - -.--% 12Cr
Average 26.75x 0.93x 9.06x 2.09% 599.68Cr
Weighted average by Cap. 17.17x 1.18x 11.20x 1.46%

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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  5. Valuation Lennar Corporation