Lennar Corp. - Ordinary Shares - Class A
LEN
Market Cap$0
Close$
Earnings Call Q3 2024
September 20, 2024 - AI Summary
**Positive Earnings and Revenue Growth**: Lennar reported a strong third quarter with a strategic focus on growth, achieving new orders of approximately 20,600 homes (up 5% YOY) and delivering over 21,500 homes (up 16% YOY). They expect to deliver between 80,500 and 81,000 homes in 2024, representing a more than 10% increase over 2023.
**Strong Financial Position**: The company ended the quarter with a debt-to-total capital ratio of 7.6%, the lowest in its history, and $4 billion in cash. This provides significant liquidity and flexibility for future growth and capital returns. Stockholders' equity increased to over $27 billion with a book value per share over $101.
**Land-Light Strategy**: Lennar's move to an asset-light, land-light model is paying off, with owned land down to 1.1 years supply from 1.5 years YOY and controlled homesites increasing to 81% from 73%. This shift enhances operational efficiencies and positions Lennar well as the housing market evolves.
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$246.87
125.3% upside
Current Fair Value
125.3% upsideUndervalued by 125.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | - |
|---|---|
| Enterprise Value | - |
| Dividend Yield | $2 (1.81488203266788%) |
| Earnings per Share | $14.31 |
| Beta | 1.53 |
| Outstanding Shares | 262,733,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 7.76 |
|---|---|
| PEG | -27.92 |
| Price to Sales | 0.81 |
| Price to Book Ratio | 0.82 |
| Enterprise Value to Revenue | - |
| Enterprise Value to EBIT | - |
| Enterprise Value to Net Income | 0 |
| Total Debt to Enterprise | - |
| Debt to Equity | - |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Lennar Corp.
9,111 employees
CEO: Richard Beckwitt Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Service...