Lennar Corp

  • Earnings Score
  • Moat Score
  • Market Cap $37.19B
  • PE 10
  • Debt -
  • Cash $4.99B
  • EV -
  • FCF $2.23B

Earnings

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Sales & Net Margins

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Earnings$3.89B
EBIT$5.18B
ROE14%
ROA13%
FCF$2.23B
Equity$28.02B
Growth Stability91%
PE9.55
PEG0.66
PB1.33
P/FCF16.66
P/S1.05
Price/Cash0.13
Net Margins11%
Op. Margins15%
Earnings CAGR27%
Sales Growth YoY-9%
Sales Growth QoQ6%
Sales CAGR17%
FCF CAGR31%
Equity CAGR20%
Earnings Stability0.89
Earnings Growth YoY-19%
Earnings Growth QoQ-6%
Earnings CAGR 5Y15%
Sales CAGR 5Y13%
FCF CAGR 5Y5%
Equity CAGR 5Y13%
Earnings CAGR 3Y8%
Sales CAGR 3Y8%
FCF CAGR 3Y25%
Equity CAGR 3Y11%
Market Cap$37.19B
Revenue$35.44B
Dividend Yield1%
Payout Ratio14%
Assets$41.31B
Cash$4.99B
Shares Outstanding281M
Earnings Score95%
Moat Score93%
Shares Growth 3y-3%
Equity Growth QoQ2%
Equity Growth YoY5%

Assets & ROA

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Stockholders Equity & ROE

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Lennar is the second-largest public homebuilder in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.

SEC Filings

Direct access to Lennar Corp (LEN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Nov 30
    • 10-Q Aug 31
    • 10-Q May 31
    • 10-Q Feb 29
  • 2023
    • 10-K Nov 30
    • 10-Q Aug 31
    • 10-Q May 31
    • 10-Q Feb 28
  • 2022
    • 10-K Nov 30
    • 10-Q Aug 31
    • 10-Q May 31
    • 10-Q Feb 28

Sector Comparison

How does Lennar Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lennar Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 27%
Stability 89%
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Lennar Corp Discounted Cash Flow

Fully customizable DCF calculator online for Lennar Corp .

= $195B
012345678910TV
fcf$2.2B$2.9B$3.8B$5B$6.6B$8.6B$11B$15B$19B$26B$33B$335B
DCF$2.7B$3.2B$3.8B$4.5B$5.4B$6.4B$7.6B$9.1B$11B$13B$129B
Value$195B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years11/201511/201611/201711/201811/201911/202011/202111/202211/202311/2024TTM
Net Margins8%8%6%8%8%11%16%14%11%11%11%
ROA-10%8%9%9%12%18%16%13%13%13%
ROE-13%10%11%11%13%21%19%15%14%14%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years11/201511/201611/201711/201811/201911/202011/202111/202211/202311/2024TTM
Debt over FCF----6.861.8-----
Debt over Equity----0.60.41-----
Growth Stability---100%100%100%100%100%100%91%91%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years11/201511/201611/201711/201811/201911/202011/202111/202211/202311/2024CAGR 5Y
Revenue YoY growth-16%15%63%8%1%21%24%2%4%13%
Earnings YoY growth-14%-15%118%9%33%80%4%-15%0%15%
Equity YoY growth-21%11%84%9%13%16%15%10%5%13%
FCF YoY growth--184%105%74%-9%195%-40%30%58%-56%5%