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 20,916 - -
Change - -21.29% 43.59% 30.81% -31.49% -35.03% - -
Enterprise Value (EV) 1 33,680 24,450 32,467 44,588 32,836 24,075 24,297 24,259
Change - -27.4% 32.79% 37.33% -26.36% -26.68% 0.92% -0.16%
P/E 7.36x 5.59x 9.32x 12.2x 16.5x 15.8x 13.5x 10.5x
PBR 1.55x 1.06x 1.36x 1.7x 1.48x 1.08x 1.04x 0.93x
PEG - 0.6x -0.7x 2.89x -0.4x -0.5x 0.8x 0.4x
Capitalization / Revenue 1.17x 0.74x 1.05x 1.33x 0.94x 0.64x 0.62x 0.58x
EV / Revenue 1.24x 0.73x 0.95x 1.26x 0.96x 0.74x 0.72x 0.68x
EV / EBITDA 6.05x 3.48x 5.8x 8.23x 10.5x 10.9x 10x 7.52x
EV / EBIT 6.15x 3.52x 5.92x 8.41x 11x 11.9x 10.6x 8.1x
EV / FCF 13.6x 7.62x 6.39x 20x 1,165x 38.1x 36.9x -
FCF Yield 7.33% 13.1% 15.6% 5.01% 0.09% 2.62% 2.71% -
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% 2.3% 2.37% 2.39%
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 2,209 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 3,159 3,380 3,342
Reference price 2 105.05 87.83 127.92 174.39 131.30 87.02 87.02 87.02
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 240,895 - -
Announcement Date 12/15/21 A 12/14/22 A 12/14/23 A 12/18/24 A 12/16/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.83x0.74x10.9x2.3% 20.92B
17.67x1.8x12.16x-.--% 16.94B
14.44x1.09x11.52x2.68% 4.67B
12.37x - - - 3.85B
13.2x - - - 1.35B
32.93x - - - 754M
8.27x0.15x2.05x5.45% 218M
-15.66x0.32x10.79x-.--% 115M
Average 12.38x 0.82x 9.49x 2.09% 6.1B
Weighted average by Cap. 16.14x 1.19x 11.42x 1.44%

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