Lendlease Group (CHIA:LLC) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of LLC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LLC (A$6.87) is trading above our estimate of [[fair value]] (A$2.24)

Share Price vs Fair Value

What is the Fair Price of LLC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LLC (A$6.87) is trading above our estimate of fair value (A$2.24)

Significantly Below Fair Value: LLC is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LLC?

Key metric: As LLC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LLC. This is calculated by dividing LLC's market cap by their current revenue.
What is LLC's PS Ratio?
PS Ratio	0.5x
Sales	AU$9.37b
Market Cap	AU$4.69b

LLC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.9x
Enterprise Value/EBITDA	20x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does LLC's PS Ratio compare to its peers?

The above table shows the PS ratio for LLC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.1x
UOS United Overseas Australia	6.7x	n/a	AU$892.8m
PXA PEXA Group	7.1x	13.3%	AU$2.4b
LIC Lifestyle Communities	4.4x	18.8%	AU$1.1b
PPC Peet	2.2x	n/a	AU$657.9m
LLC Lendlease Group	0.5x	-8.9%	AU$4.7b

Price-To-Sales vs Peers: LLC is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does LLC's PS Ratio compare vs other companies in the AU Real Estate Industry?

7 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	3.2x	2.2%
LLC Lendlease Group	0.5x	-8.9%	US$3.03b
MPX Mustera Property Group	0.6x	n/a	US$24.55m
ACU Acumentis Group	0.3x	n/a	US$11.58m

7 Companies		Estimated Growth	Market Cap
Industry Avg.	3.2x	50.2%
LLC Lendlease Group	0.5x	65.7%	US$3.03b

No more companies

Price-To-Sales vs Industry: LLC is good value based on its Price-To-Sales Ratio (0.5x) compared to the Oceanic Real Estate industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is LLC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LLC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: LLC is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LLC forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	AU$6.87	AU$7.37 +7.3%	16.8%	AU$10.00	AU$6.20	n/a	7
Nov ’25	AU$6.70	AU$7.37 +10.0%	16.8%	AU$10.00	AU$6.20	n/a	7
Oct ’25	AU$7.09	AU$7.04 -0.7%	18.4%	AU$10.00	AU$5.80	n/a	7
Sep ’25	AU$6.71	AU$7.09 +5.7%	17.2%	AU$10.00	AU$5.80	n/a	8
Aug ’25	AU$6.25	AU$7.13 +14.1%	16.9%	AU$10.00	AU$5.79	n/a	8
Jul ’25	AU$5.65	AU$7.05 +24.9%	18.0%	AU$10.00	AU$5.56	n/a	8
Jun ’25	AU$6.01	AU$7.45 +23.9%	13.9%	AU$10.00	AU$6.25	n/a	8
May ’25	AU$6.28	AU$7.91 +26.0%	24.3%	AU$13.30	AU$6.90	n/a	9
Apr ’25	AU$6.44	AU$7.92 +23.0%	24.2%	AU$13.30	AU$6.90	n/a	9
Mar ’25	AU$6.35	AU$7.92 +24.7%	24.2%	AU$13.30	AU$6.90	n/a	9
Feb ’25	AU$7.22	AU$9.28 +28.5%	22.1%	AU$14.45	AU$7.30	n/a	8
Jan ’25	AU$7.48	AU$9.05 +21.0%	22.9%	AU$14.45	AU$6.50	n/a	9
Dec ’24	AU$6.64	AU$8.92 +34.3%	23.2%	AU$14.45	AU$6.50	n/a	10
Nov ’24	AU$6.27	AU$9.22 +47.0%	21.2%	AU$14.45	AU$7.05	AU$6.70	10
Oct ’24	AU$7.17	AU$9.34 +30.3%	20.4%	AU$14.45	AU$7.05	AU$7.09	10
Sep ’24	AU$7.75	AU$9.34 +20.6%	20.4%	AU$14.45	AU$7.05	AU$6.71	10
Aug ’24	AU$8.59	AU$9.45 +10.0%	21.0%	AU$14.45	AU$7.05	AU$6.25	10
Jul ’24	AU$7.74	AU$9.61 +24.1%	20.3%	AU$14.45	AU$7.05	AU$5.65	11
Jun ’24	AU$7.77	AU$9.61 +23.6%	20.3%	AU$14.45	AU$7.05	AU$6.01	11
May ’24	AU$7.51	AU$9.99 +33.0%	17.7%	AU$14.45	AU$8.09	AU$6.28	10
Apr ’24	AU$7.24	AU$10.03 +38.5%	17.5%	AU$14.45	AU$8.09	AU$6.44	10
Mar ’24	AU$7.59	AU$9.96 +31.2%	16.9%	AU$14.45	AU$8.09	AU$6.35	11
Feb ’24	AU$8.65	AU$10.50 +21.4%	16.1%	AU$14.45	AU$8.67	AU$7.22	11
Jan ’24	AU$7.90	AU$10.69 +35.4%	17.5%	AU$14.45	AU$8.74	AU$7.48	11
Dec ’23	AU$7.70	AU$10.68 +38.7%	17.5%	AU$14.45	AU$8.74	AU$6.64	11
Nov ’23	AU$8.71	AU$12.07 +38.6%	10.9%	AU$14.45	AU$9.25	AU$6.27	11

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Lendlease Group Valuation