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 19,739 - -
Change - -21.29% 43.59% 30.81% -31.49% -38.68% - -
Enterprise Value (EV) 1 33,680 24,450 32,467 44,588 32,836 23,371 24,226 24,470
Change - -27.4% 32.79% 37.33% -26.36% -28.82% 3.66% 1%
P/E 7.36x 5.59x 9.32x 12.2x 16.5x 16.9x 15.3x 11.9x
PBR 1.55x 1.06x 1.36x 1.7x 1.48x 1.01x 0.99x 0.9x
PEG - 0.6x -0.7x 2.89x -0.4x -0.4x 1.5x 0.4x
Capitalization / Revenue 1.17x 0.74x 1.05x 1.33x 0.94x 0.63x 0.6x 0.56x
EV / Revenue 1.24x 0.73x 0.95x 1.26x 0.96x 0.74x 0.74x 0.69x
EV / EBITDA 6.05x 3.48x 5.8x 8.23x 10.5x 11.6x 11.2x 8.47x
EV / EBIT 6.15x 3.52x 5.92x 8.41x 11x 12.3x 11.9x 9.17x
EV / FCF - - - - - - 31,083,479x -
FCF Yield - - - - - - 0% -
Dividend per Share 2 2 1.5 1.5 2 2 2.003 2.058 2.078
Rate of return 1.9% 1.71% 1.17% 1.15% 1.52% 2.44% 2.51% 2.53%
EPS 2 14.27 15.72 13.73 14.31 7.98 4.853 5.36 6.891
Distribution rate 14% 9.54% 10.9% 14% 25.1% 41.3% 38.4% 30.1%
Net sales 1 27,131 33,671 34,233 35,441 34,187 31,540 32,664 35,225
EBITDA 1 5,563 7,035 5,598 5,420 3,119 2,022 2,162 2,889
EBIT 1 5,477 6,948 5,488 5,305 2,985 1,907 2,042 2,668
Net income 1 4,430 4,614 3,939 3,933 2,078 1,173 1,223 1,536
Net Debt 1 1,895 -568.8 -3,457 -2,404 643.4 3,632 4,487 4,731
Reference price 2 105.05 87.83 127.92 174.39 131.30 82.15 82.15 82.15
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 240,895 - -
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.($)
16.93x0.74x11.56x2.44% 19.74B
17.56x1.78x12.09x-.--% 16.78B
13.16x1.01x10.73x2.96% 4.24B
11.38x - - - 3.51B
10.61x - - - 1.03B
28.86x - - - 671M
5.61x0.1x1.3x6.63% 168M
-7.84x0.27x10.39x-.--% 88.87M
Average 12.03x 0.78x 9.21x 2.4% 5.78B
Weighted average by Cap. 16.33x 1.19x 11.65x 1.51%

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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