Company Valuation: Lendlease Group

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 6,224 5,296 3,699 3,681 2,203 1,800 - -
Change - -14.91% -30.15% -0.5% -40.16% -18.27% - -
Enterprise Value (EV) 1 7,284 7,677 6,875 7,114 5,925 3,702 4,532 4,684
Change - 5.4% -10.44% 3.47% -16.72% -37.51% 22.4% 3.37%
P/E -63.3x -23x -2.49x 16.5x -2.98x 155x 44x 5.58x
PBR 0.9x 0.81x 0.77x 0.72x 0.46x 0.36x 0.34x 0.35x
PEG - -0x -0x -0x 0x -2x 0x 0x
Capitalization / Revenue 0.67x 0.51x 0.39x 0.47x 0.4x 0.22x 0.18x 0.2x
EV / Revenue 0.78x 0.73x 0.73x 0.91x 1.08x 0.46x 0.45x 0.52x
EV / EBITDA 11.6x 14.1x 10.3x 7.78x -33.1x 8.23x 9.86x 8.2x
EV / EBIT 15.1x 19x 12.5x 8.66x -23.6x 10.9x 12.3x 9.36x
EV / FCF -25.7x -6.17x -6.56x -6.74x -2.6x 2.39x 8.99x -93.8x
FCF Yield -3.89% -16.2% -15.2% -14.8% -38.5% 41.8% 11.1% -1.07%
Dividend per Share 2 0.16 0.16 0.16 0.23 0.157 0.1586 0.1234 0.147
Rate of return 1.76% 2.06% 2.96% 4.28% 4.86% 6.01% 4.68% 5.57%
EPS 2 -0.144 -0.337 -2.177 0.326 -1.084 0.017 0.06 0.473
Distribution rate -111% -47.5% -7.35% 70.6% -14.5% 933% 206% 31.1%
Net sales 1 9,324 10,458 9,437 7,790 5,503 8,122 10,060 9,028
EBITDA 1 629 544 669 914 -179 449.9 459.4 571.5
EBIT 1 483 404 549 821 -251 339.2 369.6 500.4
Net income 1 -99 -232 -1,052 225 -749 115.1 107.3 330.6
Net Debt 1 1,060 2,381 3,176 3,433 3,722 1,902 2,731 2,884
Reference price 2 9.110 7.750 5.410 5.380 3.230 2.640 2.640 2.640
Nbr of stocks (in thousands) 683,158 683,322 683,792 684,193 681,891 681,891 - -
Announcement Date 8/21/22 A 8/13/23 A 8/18/24 A 8/17/25 A 8/16/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
155.29x0.46x8.23x6.01% 1.28B
14.13x4.58x12.31x3.58% 40.23B
17.54x3.91x15.73x1.4% 27.53B
5.65x0.73x1.53x8.8% 27.34B
7.75x1.41x7.77x4.57% 25.89B
13.6x3.06x14.65x2.57% 25.53B
10.3x2.08x8.84x4.08% 20.7B
8x0.89x3.23x2.79% 20.46B
12.92x6.37x16.74x1.68% 18.84B
36.56x13.51x34x3.25% 17.71B
Average 28.17x 3.70x 12.30x 3.87% 22.55B
Weighted average by Cap. 14.28x 3.76x 12.07x 3.75%

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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  4. Valuation Lendlease Group
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