Company Valuation: Lendlease Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,834 6,224 5,296 3,699 3,681 1,998 - -
Change - -20.56% -14.91% -30.15% -0.5% -45.72% - -
Enterprise Value (EV) 1 8,529 7,284 7,677 6,875 7,114 4,688 3,613 3,939
Change - -14.6% 5.4% -10.44% 3.47% -34.1% -22.94% 9.02%
P/E 35.5x -63.3x -23x -2.49x 16.5x -5.83x 17.7x 7.05x
PBR 1.14x 0.9x 0.81x 0.77x 0.72x 0.4x 0.37x 0.35x
PEG - 0x -0x -0x -0x 0x -0x 0x
Capitalization / Revenue 0.77x 0.67x 0.51x 0.39x 0.47x 0.28x 0.21x 0.21x
EV / Revenue 0.84x 0.78x 0.73x 0.73x 0.91x 0.65x 0.38x 0.41x
EV / EBITDA 11.3x 11.6x 14.1x 10.3x 7.78x 34x 5.97x 6.4x
EV / EBIT 14x 15.1x 19x 12.5x 8.66x 60.7x 6.5x 7.14x
EV / FCF 28x -25.7x -6.17x -6.56x -6.74x -12.9x 2.13x 8.38x
FCF Yield 3.58% -3.89% -16.2% -15.2% -14.8% -7.77% 46.9% 11.9%
Dividend per Share 2 0.27 0.16 0.16 0.16 0.23 0.1292 0.1931 0.1788
Rate of return 2.36% 1.76% 2.06% 2.96% 4.28% 4.41% 6.59% 6.1%
EPS 2 0.323 -0.144 -0.337 -2.177 0.326 -0.503 0.166 0.4155
Distribution rate 83.6% -111% -47.5% -7.35% 70.6% -25.7% 116% 43%
Net sales 1 10,185 9,324 10,458 9,437 7,790 7,192 9,584 9,657
EBITDA 1 757 629 544 669 914 137.8 605.4 615.8
EBIT 1 609 483 404 549 821 77.28 555.5 551.6
Net income 1 222 -99 -232 -1,052 225 -239 266.6 374.3
Net Debt 1 695 1,060 2,381 3,176 3,433 2,690 1,615 1,941
Reference price 2 11.460 9.110 7.750 5.410 5.380 2.930 2.930 2.930
Nbr of stocks (in thousands) 683,586 683,158 683,322 683,792 684,193 681,891 - -
Announcement Date 15/08/21 21/08/22 13/08/23 18/08/24 17/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.98x4.67x12.82x3.34% 43.25B
8.88x1.51x7.54x4.02% 31.99B
22.97x4.45x18.67x1.11% 31.47B
6.24x0.77x1.56x8.13% 29.6B
15.43x3.17x15.67x2.27% 25.91B
15.98x1.02x6.73x2.33% 22.19B
11.55x1.76x14.96x3.27% 21.36B
9.49x2.29x7.88x3.92% 20.73B
15.4x6.69x18.98x1.23% 20.45B
Average 13.44x 2.93x 11.64x 3.29% 27.44B
Weighted average by Cap. 13.58x 3.00x 11.56x 3.38%

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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