Lennar Corp. - Ordinary Shares - Class A

Lennar Corp. - Ordinary Shares - Class A

LEN

Market Cap$0
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Lennar Corp. - Ordinary Shares - Class ALennar Corp. - Ordinary Shares - Class A81.69%-0.9-

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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$231.05

Current Fair Value

95.6% upside

Undervalued by 95.6% based on the discounted cash flow analysis.

Share Statistics

Market cap-
Enterprise Value-
Dividend Yield$2 (1.69348010160881%)
Earnings per Share$14.46
Beta1.71
Outstanding Shares267,262,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio8.03
PEG-41.22
Price to Sales0.89
Price to Book Ratio0.77
Enterprise Value to Revenue-
Enterprise Value to EBIT-
Enterprise Value to Net Income0
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...