Lennar Corporation

NYSE:LEN 株式レポート

時価総額：US$21.5b

Lennar バランスシートの健全性

財務の健全性 基準チェック /56

Lennarの総株主資本は$22.0B 、総負債は$5.3Bで、負債比率は23.9%となります。総資産と総負債はそれぞれ$33.2Bと$11.2Bです。 Lennarの EBIT は$2.3Bで、利息カバレッジ比率169.1です。現金および短期投資は$9.0Bです。

主要情報

23.86%

負債資本比率

US$5.26b

負債

インタレスト・カバレッジ・レシオ169.1x
現金US$8.98b
エクイティUS$22.03b
負債合計US$11.18b
総資産US$33.21b

財務の健全性に関する最新情報

更新なし

Recent updates

ナラティブの更新 • Apr 28

LEN: Costly Land Banking Will Drive Weaker Margins And Returns Ahead

Analysts have trimmed Lennar's price targets across the Street, often into a $77 to $110 range, citing softer earnings expectations, margin and land banking pressures, and a view that the valuation looks stretched relative to peers. Analyst Commentary Recent research notes point to a clear reset in expectations, with many bearish analysts cutting price targets into a tighter band and leaning on Underperform, Sell, or Hold stances.
Seeking Alpha • Apr 27

Lennar: Foundations Remain Solid, But Market Risks, Valuation Flag Caution

Summary Lennar Corporation faces persistent macroeconomic volatility, with housing market weakness driving a 13.3% YoY revenue decline in Q1 2026. I now downgrade LEN from buy to hold, citing limited rebound potential and valuation that reflects declining earnings and continued price weakness. LEN's strategic diversification in resilient markets like Texas and Florida, plus robust liquidity and low leverage, provide risk mitigation but not growth catalysts. Technical indicators and weak fundamentals suggest the downtrend may persist, with no clear signs of reversal or near-term recovery. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 14

LEN: Expensive Land Banking Will Keep Margins And Returns Under Pressure

Analysts have trimmed Lennar's fair value estimate to $74 from $80. This reflects a cluster of recent price target cuts that cite softer revenue growth assumptions, modestly lower margin expectations, a slightly higher discount rate, and concerns about valuation relative to peers, as well as ongoing demand and land banking risks.
ナラティブの更新 • Mar 30

LEN: Supply Efficiencies And Incentive Rollback Will Support Margins Despite Antitrust Overhang

Analysts have reduced Lennar's fair value estimate from $108.62 to $101.57. This reflects updated price targets that balance expectations for slightly higher revenue growth and a higher future P/E with softer profit margin assumptions, ongoing concerns around land banking costs, and a series of reduced Street targets across banks.
ナラティブの更新 • Mar 16

LEN: Costly Land Banking And Incentive Needs Will Pressure Future Returns

Analyst price targets for Lennar have generally moved lower, with cuts ranging from about $1 to $15 to reflect updated models after Q1 results, softer expected deliveries and financial services income, ongoing concerns about land banking costs, and persistent demand and affordability headwinds. Analyst Commentary Recent research has tilted more cautious, with several bearish analysts trimming price targets after the Q1 update and related guidance.
ナラティブの更新 • Mar 02

LEN: Mortgage Trends And Margin Recalibration Will Balance Affordability And Antitrust Risks

Analysts have revised their fair value estimate for Lennar from $127.13 to $108.62. This reflects a mix of higher price targets from some firms and reduced expectations from others, as they weigh pressure on gross margins, housing affordability concerns, and the pace of inventory clearance into 2026.
ナラティブの更新 • Feb 16

LEN: Incentive Driven Margin Pressure And Antitrust Risks Will Constrain Future Returns

Analysts have adjusted Lennar's price targets in a relatively tight range, with recent moves from $88 to $125 reflecting mixed views around near term housing demand, incentives and margins, as well as potential impacts from inventory clearance and management changes. Analyst Commentary Recent research points to a more cautious stance on Lennar, with several bearish analysts flagging risks around margins, inventory clearance, and housing affordability, even as Goldman Sachs lifted its price target slightly to $125 and kept a Neutral rating.
ナラティブの更新 • Feb 02

LEN: Housing Incentives Will Pressure Margins Yet Support Long Term Earnings Power

Analysts have trimmed their fair value estimate for Lennar from about US$159 to roughly US$153. This reflects a mix of lower expected profit margins, a slightly higher discount rate, and recent Street research pointing to slower housing activity, cautious 2026 demand visibility, and potential pressure on gross margins as incentives rise and inventory is cleared.
ナラティブの更新 • Jan 19

LEN: Prolonged Margin Pressure From Incentives Will Weigh On Future Returns

The analyst price target for Lennar has shifted as recent research combined a higher US$125 target with several lower targets, reflecting differing views on how slower housing activity, margin pressure, inventory clearance and management changes may affect the stock's risk and reward profile. Analyst Commentary Recent research on Lennar reflects a mixed backdrop, with one major bank lifting its price target while several bearish analysts cut targets or downgraded the stock.
ナラティブの更新 • Jan 05

LEN: Rising Discount Rate Will Pressure Margins And Future Share Returns

Analysts have reduced their price target for Lennar from 95 dollars to 80 dollars, reflecting expectations for slightly higher discount rates and weaker profit margins, despite marginally stronger revenue growth assumptions and a modest uptick in the future earnings multiple. What's in the News Lennar completed its multiyear share repurchase program, retiring 63,185,859 shares, or 22.12% of shares outstanding, for a total of about 7.37 billion dollars under the buyback launched in January 2021 (company filing).
ナラティブの更新 • Dec 14

LEN: Mortgage Trends And Margin Recalibration Will Shape Homebuilding Cycle Ahead

The analyst price target for Lennar has been modestly reduced by analysts, with a slightly lower fair value of about $127.13 reflecting tempered expectations for revenue growth, profit margins, and near term industry headwinds, despite some support from sector multiple expansion and easing mortgage rates. Analyst Commentary Street research on Lennar following its fiscal Q3 results reflects a wide dispersion in price targets and a generally balanced stance, with most firms maintaining Neutral or equivalent ratings despite significant target revisions.
ナラティブの更新 • Nov 30

LEN: Mixed Earnings And Mortgage Rate Direction Will Influence Sector Recovery Ahead

Analysts slightly adjusted their price targets for Lennar, with changes reflecting recent mixed quarterly results, ongoing margin pressures, and evolving expectations for sector multiples and mortgage rates. Analyst Commentary Recent analyst revisions to Lennar's price target reflect a range of outlooks tied to the company's current performance, outlook, and sector positioning.
ナラティブの更新 • Nov 16

LEN: Housing Demand And Mortgage Rates Will Shape The Path Forward

Analysts have modestly raised their price targets for Lennar, citing broader sector multiple expansion and potential benefits from improved mortgage rates. Despite recent earnings challenges, the average target has increased by several dollars per share.
ナラティブの更新 • Nov 01

LEN: Softer Demand And Margin Cycles Will Shape A Balanced Outlook Ahead

Lennar's analyst price target experienced mixed adjustments recently, with targets ranging from a reduction to $92 to increases as high as $161. Analysts weighed Q3 earnings misses, sector multiple expansion, and shifting market conditions to justify their updated views.
ナラティブの更新 • Oct 18

Asset Light Model And Rausch Coleman Acquisition Will Build Success

Lennar’s analyst price target has been modestly lowered by $1.57 to $127.50. Analysts cite a softer market backdrop, evolving industry valuations, and ongoing pressure on margins as key factors behind the revised outlook.
ナラティブの更新 • Oct 04

Asset Light Model And Rausch Coleman Acquisition Will Build Success

Analysts have modestly raised their price target on Lennar, increasing fair value by about $3.64 per share to $129.07. Recent research highlights improving sector multiples and potential benefits from easing mortgage rates, despite ongoing margin and delivery challenges.
ナラティブの更新 • Sep 19

Asset Light Model And Rausch Coleman Acquisition Will Build Success

Lennar’s consensus price target was modestly increased to $125.43 as analysts cited improved sentiment driven by potential rate cuts, sector-wide valuation upgrades, and increased investor focus, reflecting only a slight upward revision to its fair value. Analyst Commentary Bullish analysts cite investor optimism on the potential for lower interest rates.
ナラティブの更新 • Sep 04

Asset Light Model And Rausch Coleman Acquisition Will Build Success

Analysts are divided on Lennar, with bulls citing sector optimism from potential rate cuts and increased investor interest, while bears point to margin pressures, weak recent results, and affordability headwinds, resulting in the consensus price target holding steady at $124.00. Analyst Commentary Bullish analysts are raising valuation multiples across the homebuilding sector following a re-rating as investors price in forward optimism about lower interest rates.
分析記事 • Jun 23

Lennar (NYSE:LEN) Has Affirmed Its Dividend Of $0.50

Lennar Corporation ( NYSE:LEN ) has announced that it will pay a dividend of $0.50 per share on the 18th of July. This...
分析記事 • Jun 16

Is Now An Opportune Moment To Examine Lennar Corporation (NYSE:LEN)?

Lennar Corporation ( NYSE:LEN ) received a lot of attention from a substantial price movement on the NYSE over the last...
分析記事 • May 26

Improved Earnings Required Before Lennar Corporation (NYSE:LEN) Shares Find Their Feet

Lennar Corporation's ( NYSE:LEN ) price-to-earnings (or "P/E") ratio of 7.5x might make it look like a strong buy right...
Seeking Alpha • Mar 26

Lennar: Rating Downgrade As Various Indicators Point To Poor Earnings Outlook In 2025

Summary Downgraded Lennar Corporation to a sell due to poor demand, deteriorating pricing power, and margin pressure, despite strong execution. The latest JPMorgan housing outlook confirms a negative US housing demand environment, with high mortgage rates and cautious consumers impacting affordability and transaction volumes. LEN's increased reliance on sales incentives and declining average selling prices indicate significant underlying demand deterioration and lack of pricing power. Read the full article on Seeking Alpha
Seeking Alpha • Mar 10

Lennar Q1 Earnings Preview: Caution About The Outlook Is Merited

Summary Lennar shares have declined 22% over the past year due to housing market slowdown fears, with Q1 results expected to be soft, especially in orders. Analysts forecast a significant earnings ramp for 2025, but high mortgage rates and potential tariffs pose risks to margins and demand. Florida's weak housing market, particularly in Southwest Florida, and Lennar's recent acquisition of Rausch Coleman add further uncertainty to the outlook. While Q1 guidance seems attainable, full-year targets face risks, making LEN stock a hold with a cautious outlook on H2 performance. While LEN.B has more voting power, its lack of liquidity can be a source of underperformance in a weak market environment. Read the full article on Seeking Alpha
新しいナラティブ • Jan 19

The Future of Lennar and Homebuilding Faces Short Term Challenges with Potential for Long Term Growth

1y Price Target: $149.57, a 13.7% increase from 131.58, 10.5% below analysts’ 23.3% consensus because I believe earnings will grow from 2024’s $3.9B to $4B, with a slightly elevated PE ratio from toda

財務状況分析

短期負債: LENの 短期資産 ( $24.7B ) が 短期負債 ( $3.0B ) を超えています。

長期負債: LENの短期資産 ( $24.7B ) が 長期負債 ( $8.2B ) を上回っています。

デット・ツー・エクイティの歴史と分析

負債レベル: LEN総負債よりも多くの現金を保有しています。

負債の削減: LENの負債対資本比率は、過去 5 年間で36.5%から23.9%に減少しました。

債務返済能力: LENの負債は 営業キャッシュフロー によって 十分にカバーされていません ( 1.4% )。

インタレストカバレッジ: LENの負債に対する 利息支払い は EBIT ( 169.1 x coverage) によって 十分にカバーされています。

貸借対照表

健全な企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/21 17:55
終値2026/05/21 00:00
収益2026/02/28
年間収益2025/11/30

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Lennar Corporation 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34

アナリスト機関
Christopher GrajaArgus Research Company
Stephen KimBarclays
Matthew BouleyBarclays