LendLease Group
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LendLease Group provides property and infrastructure solutions in Australia, Asia, Europe, and the Americas. The last earnings update was 53 days ago. More info.
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LLC Share Price and Events
7 Day Returns
1 Year Returns
LLC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| LendLease Group (LLC) | 3% | 3.5% | 4.3% | -28.8% | 2.3% | -1.6% |
| AU Real Estate | 0.5% | 0.2% | 5.7% | -23.4% | -8.7% | -2.7% |
| AU Market | 0.3% | 1% | 7.2% | 5.2% | 19.2% | 4.9% |
1 Year Return vs Industry and Market
- LLC underperformed the Real Estate industry which returned -23.4% over the past year.
- LLC underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
Related Companies
LLC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
LendLease Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for LendLease Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 9 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.1% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.1 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.096 (1 + (1- 30%) (47.23%)) |
1.307 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.31 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.307 * 5.96%) |
10.1% |
Discounted Cash Flow Calculation for ASX:LLC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for LendLease Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 10.1%) |
|
|---|---|---|---|
| 2019 | -311.33 | Analyst x3 | -282.77 |
| 2020 | 373.50 | Analyst x2 | 308.11 |
| 2021 | 667.00 | Analyst x2 | 499.74 |
| 2022 | 935.20 | Est @ 40.21% | 636.40 |
| 2023 | 1,204.92 | Est @ 28.84% | 744.71 |
| 2024 | 1,456.54 | Est @ 20.88% | 817.62 |
| 2025 | 1,679.55 | Est @ 15.31% | 856.31 |
| 2026 | 1,871.21 | Est @ 11.41% | 866.49 |
| 2027 | 2,033.66 | Est @ 8.68% | 855.32 |
| 2028 | 2,171.36 | Est @ 6.77% | 829.44 |
| Present value of next 10 years cash flows | A$6,131.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$2,171.36 × (1 + 2.31%) ÷ (10.1% – 2.31%) |
A$28,518.56 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$28,518.56 ÷ (1 + 10.1%)10 |
A$10,893.82 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$6,131.36 + A$10,893.82 |
A$17,025.19 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$17,025.19 / 560.43 |
A$30.38 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$30.38 |
| Current discount | Discount to share price of
A$12.80
= -1 x (A$12.80 - A$30.38) / A$30.38 |
57.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- LendLease Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- LendLease Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for LendLease Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
LendLease Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.67 |
| ASX:LLC Share Price ** | ASX (2019-04-18) in AUD | A$12.8 |
| Australia Real Estate Industry PE Ratio | Median Figure of 23 Publicly-Listed Real Estate Companies | 9.97x |
| Australia Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 16.05x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of LendLease Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:LLC Share Price ÷ EPS (both in AUD) = 12.8 ÷ 0.67 |
19.13x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LendLease Group is overvalued based on earnings compared to the AU Real Estate industry average.
- LendLease Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
LendLease Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.13x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts |
27.7%per year |
| Australia Real Estate Industry PEG Ratio | Median Figure of 10 Publicly-Listed Real Estate Companies | 0.63x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.13x ÷ 27.7% |
0.69x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LendLease Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
LendLease Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$10.77 |
| ASX:LLC Share Price * | ASX (2019-04-18) in AUD | A$12.8 |
| Australia Real Estate Industry PB Ratio | Median Figure of 37 Publicly-Listed Real Estate Companies | 0.95x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.69x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:LLC Share Price ÷ Book Value per Share (both in AUD) = 12.8 ÷ 10.77 |
1.19x |
* Primary Listing of LendLease Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- LendLease Group is overvalued based on assets compared to the AU Real Estate industry average.
Value checks
We assess LendLease Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check) LendLease Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
LLC Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- LendLease Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- LendLease Group's earnings growth is expected to exceed the Australia market average.
- LendLease Group's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:LLC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts | 27.7% |
| ASX:LLC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts | -0.4% |
| Australia Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 14.6% |
| Australia Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 0.7% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 17,462 | 613 | 1 | |
| 2022-06-30 | 15,103 | 458 | 1 | |
| 2021-06-30 | 16,913 | 710 | 768 | 7 |
| 2020-06-30 | 16,704 | 635 | 652 | 7 |
| 2019-06-30 | 17,194 | 461 | 460 | 7 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 15,627 | -1,092 | 383 |
| 2018-09-30 | 16,091 | -510 | 588 |
| 2018-06-30 | 16,556 | 73 | 793 |
| 2018-03-31 | 16,981 | 315 | 791 |
| 2017-12-31 | 17,405 | 557 | 789 |
| 2017-09-30 | 17,032 | 351 | 774 |
| 2017-06-30 | 16,659 | 146 | 759 |
| 2017-03-31 | 16,176 | 364 | 749 |
| 2016-12-31 | 15,694 | 582 | 739 |
| 2016-09-30 | 15,391 | 717 | 719 |
| 2016-06-30 | 15,089 | 853 | 698 |
| 2016-03-31 | 14,906 | 692 | 678 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
All data from LendLease Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | ||||
| 2022-06-30 | ||||
| 2021-06-30 | 1.36 | 1.61 | 1.07 | 5.00 |
| 2020-06-30 | 1.16 | 1.36 | 0.87 | 7.00 |
| 2019-06-30 | 0.82 | 0.84 | 0.80 | 6.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.67 |
| 2018-09-30 | 1.02 |
| 2018-06-30 | 1.37 |
| 2018-03-31 | 1.37 |
| 2017-12-31 | 1.38 |
| 2017-09-30 | 1.37 |
| 2017-06-30 | 1.35 |
| 2017-03-31 | 1.34 |
| 2016-12-31 | 1.33 |
| 2016-09-30 | 1.30 |
| 2016-06-30 | 1.26 |
| 2016-03-31 | 1.23 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess LendLease Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
LendLease Group has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
LLC Past Performance
How has LendLease Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- LendLease Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- LendLease Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- LendLease Group's 1-year earnings growth is negative, it can't be compared to the AU Real Estate industry average.
Earnings and Revenue History
All data from LendLease Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 15,626.60 | 382.90 | 91.00 | |
| 2018-09-30 | 16,091.35 | 587.85 | 91.85 | |
| 2018-06-30 | 16,556.10 | 792.80 | 92.70 | |
| 2018-03-31 | 16,980.50 | 791.10 | 94.35 | |
| 2017-12-31 | 17,404.90 | 789.40 | 96.00 | |
| 2017-09-30 | 17,031.95 | 774.00 | 97.65 | |
| 2017-06-30 | 16,659.00 | 758.60 | 99.30 | |
| 2017-03-31 | 16,176.40 | 748.90 | 93.30 | |
| 2016-12-31 | 15,693.80 | 739.20 | 87.30 | |
| 2016-09-30 | 15,391.15 | 718.70 | 86.10 | |
| 2016-06-30 | 15,088.50 | 698.20 | 84.90 | |
| 2016-03-31 | 14,905.80 | 677.50 | 86.30 | |
| 2015-12-31 | 14,723.10 | 656.80 | 87.70 | |
| 2015-09-30 | 14,002.00 | 637.70 | 86.00 | |
| 2015-06-30 | 13,280.90 | 618.60 | 84.30 | |
| 2015-03-31 | 13,303.95 | 752.75 | 84.90 | |
| 2014-12-31 | 13,327.00 | 886.90 | 85.50 | |
| 2014-09-30 | 13,631.45 | 854.90 | 83.40 | |
| 2014-06-30 | 13,935.90 | 822.90 | 81.30 | |
| 2014-03-31 | 13,425.80 | 661.30 | 102.90 | |
| 2013-12-31 | 12,915.70 | 499.70 | 124.50 | |
| 2013-09-30 | 13,039.15 | 524.35 | 103.80 | |
| 2013-06-30 | 13,162.60 | 549.00 | 83.10 | |
| 2013-03-31 | 12,612.60 | 567.35 | ||
| 2012-12-31 | 12,512.70 | 584.50 | ||
| 2012-09-30 | 12,030.10 | 542.95 | ||
| 2012-06-30 | 11,547.50 | 501.40 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- LendLease Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- LendLease Group used its assets less efficiently than the AU Real Estate industry average last year based on Return on Assets.
- It is difficult to establish if LendLease Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess LendLease Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
LendLease Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
LLC Health
How is LendLease Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up LendLease Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- LendLease Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- LendLease Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from LendLease Group Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,106.80 | 3,364.10 | 1,088.10 |
| 2018-09-30 | 6,106.80 | 3,364.10 | 1,088.10 |
| 2018-06-30 | 6,414.20 | 2,358.90 | 1,177.10 |
| 2018-03-31 | 6,414.20 | 2,358.90 | 1,177.10 |
| 2017-12-31 | 6,429.10 | 1,792.50 | 1,545.20 |
| 2017-09-30 | 6,429.10 | 1,792.50 | 1,545.20 |
| 2017-06-30 | 6,166.50 | 2,162.00 | 1,280.60 |
| 2017-03-31 | 6,166.50 | 2,162.00 | 1,280.60 |
| 2016-12-31 | 5,947.20 | 1,846.60 | 1,055.40 |
| 2016-09-30 | 5,947.20 | 1,846.60 | 1,055.40 |
| 2016-06-30 | 5,614.70 | 2,060.80 | 1,044.50 |
| 2016-03-31 | 5,614.70 | 2,060.80 | 1,044.50 |
| 2015-12-31 | 5,374.20 | 2,643.70 | 607.40 |
| 2015-09-30 | 5,374.20 | 2,643.70 | 607.40 |
| 2015-06-30 | 5,168.20 | 2,508.60 | 788.00 |
| 2015-03-31 | 5,168.20 | 2,508.60 | 788.00 |
| 2014-12-31 | 4,954.40 | 2,603.00 | 813.30 |
| 2014-09-30 | 4,954.40 | 2,603.00 | 813.30 |
| 2014-06-30 | 4,868.80 | 2,438.40 | 1,753.90 |
| 2014-03-31 | 4,868.80 | 2,438.40 | 1,753.90 |
| 2013-12-31 | 4,468.90 | 2,717.50 | 1,105.10 |
| 2013-09-30 | 4,468.90 | 2,717.50 | 1,105.10 |
| 2013-06-30 | 4,266.80 | 2,246.20 | 1,683.00 |
| 2013-03-31 | 4,329.30 | 2,246.20 | 1,611.90 |
| 2012-12-31 | 4,099.00 | 1,722.00 | 1,060.20 |
| 2012-09-30 | 4,099.00 | 1,722.00 | 1,060.20 |
| 2012-06-30 | 3,911.20 | 1,632.00 | 1,029.00 |
- LendLease Group's level of debt (55.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (60.7% vs 55.1% today).
- Operating cash flow is negative therefore debt is not well covered.
- Unable to confirm if the interest payments on LendLease Group's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess LendLease Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) LendLease Group has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
LLC Dividends
What is LendLease Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
LendLease Group
shares you are expected to receive
A$73
in your first year as a dividend.
Dividend Amount
- LendLease Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.57%).
- LendLease Group's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 9 Analyst Estimates (S&P Global) | See Below |
| Australia Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 15 Stocks | 4.3% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.6% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | 0.62 | 1.00 |
| 2022-06-30 | 0.48 | 1.00 |
| 2021-06-30 | 0.69 | 8.00 |
| 2020-06-30 | 0.60 | 10.00 |
| 2019-06-30 | 0.42 | 10.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-25 | 0.470 | 3.741 |
| 2018-08-21 | 0.700 | 4.794 |
| 2018-02-20 | 0.680 | 3.625 |
| 2017-08-28 | 0.660 | 4.001 |
| 2017-02-27 | 0.660 | 4.068 |
| 2016-08-18 | 0.600 | 4.300 |
| 2016-02-16 | 0.570 | 4.322 |
| 2015-08-24 | 0.540 | 4.172 |
| 2014-08-26 | 0.710 | 4.509 |
| 2013-08-22 | 0.420 | 3.613 |
| 2013-02-18 | 0.440 | 4.559 |
| 2012-08-30 | 0.380 | 4.324 |
| 2011-08-26 | 0.350 | 4.671 |
| 2011-02-17 | 0.320 | 3.664 |
| 2010-08-16 | 0.320 | 4.095 |
| 2010-03-01 | 0.360 | 4.559 |
| 2009-08-20 | 0.320 | 3.298 |
| 2009-04-20 | 0.590 | 8.018 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess LendLease Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can LendLease Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) LendLease Group has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
LLC Management
CEO
| COMPENSATION | A$6,370,000 |
| AGE | 53 |
| TENURE AS CEO | 10.3 years |
CEO Bio
Mr. Stephen B. McCann, also known as Steve, has been Group Chief Executive Officer of LendLease Group (alternate name: Lend Lease Corporation Limited) since December 16, 2008 and has been its Group Managing Director and Executive Director since March 4, 2009. Mr. McCann is a highly regarded and experienced business leader with more than 25 years’ executive experience. Mr. McCann had 15 years’ experience in property, funds management, investment banking and capital markets transactions gained through senior leadership roles at ABN AMRO and as Head of Property at Bankers Trust. He served as Group Finance Director of Lend Lease from March 2007 to December 2007 and served as its Chief Executive Officer of Investment Management since September 2005 to December 2007. He joined Lend ease in 2005. He served as Group Finance Director of Lend Lease Investment Management. Prior to joining Lend Lease, he spent six years at ABN AMRO, where his roles included Head of Property, Head of Industrial Mergers & Acquisitions and for the last three years, Head of Equity Capital Markets for Australia and New Zealand. His previous roles include Head of Property at Bankers’ Trust and a role in property corporate finance at Ord Minnett (now JP Morgan). Prior to that, he practised as a mergers & acquisitions lawyer at Freehills, Melbourne for four years. He spent four years in a Chartered Accounting firm (now Deloittes) in taxation accounting. He is a member of the Business Council of Australia and the Property Council of Australia’s Property Male Champions of Change. In 2013 he was announced as the Property Person of the Year by the Urban Taskforce Australia. He holds a Bachelor of Economics degree in Finance and a Bachelor of Laws degree from Monash University in Melbourne, Australia.
CEO Compensation
- Steve's compensation has been consistent with company performance over the past year.
- Steve's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure and age of the LendLease Group management team in years:
- The tenure for the LendLease Group management team is about average.
Management Team
Steve McCann
Group CEO
A$6M
53
10.3 yrs
Tarun Gupta
Group Chief Financial Officer
A$3M
2.9 yrs
Dan Labbad
Chief Executive Officer of Europe
A$3M
4.7 yrs
David Wilson
Group Chief Commercial and Risk Officer
A$2M
57
1.3 yrs
Hans Dekker
Group Head of Engineering & Building
A$2M
0.9 yrs
Tony Lombardo
Chief Executive Officer of Asia
A$3M
2.9 yrs
Denis Hickey
Chief Executive Officer of Americas
A$3M
53
Kylie Rampa
Chief Executive Officer of Property Australia
A$2M
52
Justin McCarthy
Head of Investor Relations
3.3 yrs
Karen Pedersen
Group General Counsel
6.3 yrs
Board of Directors Tenure
Average tenure and age of the LendLease Group board of directors in years:
- The tenure for the LendLease Group board of directors is about average.
Board of Directors
Michael Ullmer
Chairman of the Board
A$299K
67
0.4 yrs
Steve McCann
Group CEO
A$6M
53
10.1 yrs
Jane Hemstritch
Independent Non-Executive Director
A$281K
64
7.6 yrs
David Craig
Non-Executive Director
A$281K
63
3.1 yrs
Colin Carter
Independent Non-Executive Director
A$323K
75
7 yrs
Nicola M. Evans
Non-Executive Director
A$287K
57
5.6 yrs
Steve Dobbs
Independent Non-Executive Director
A$327K
61
4.3 yrs
Phil Coffey
Independent Non-Executive Director
A$251K
61
2.3 yrs
Elizabeth Proust
Independent Non-Executive Director
A$86K
67
1.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Nov 18 | Buy | Nicola M. Evans | Individual | 19. Nov 18 | 19. Nov 18 | 13,000 | A$13.55 | A$173,475 | ||
| 22. Nov 18 | Buy | Stephen McCann | Individual | 19. Nov 18 | 19. Nov 18 | 70,000 | A$13.30 | A$931,280 | ||
| 22. Nov 18 | Buy | David Craig | Individual | 19. Nov 18 | 19. Nov 18 | 25,130 | A$13.30 | A$334,204 | ||
| 22. Nov 18 | Buy | Michael Ullmer | Individual | 19. Nov 18 | 19. Nov 18 | 50,000 | A$13.36 | A$667,800 | ||
| 22. Nov 18 | Buy | Elizabeth Proust | Individual | 19. Nov 18 | 19. Nov 18 | 10,000 | A$13.52 | A$135,200 | ||
| 06. Sep 18 | Sell | Stephen McCann | Individual | 03. Sep 18 | 05. Sep 18 | -299,504 | A$20.42 | A$-5,985,904 | ||
| 28. Aug 18 | Buy | Elizabeth Proust | Individual | 24. Aug 18 | 24. Aug 18 | 5,000 | A$20.25 | A$101,250 | ||
Management checks
We assess LendLease Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) LendLease Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
LLC News
Simply Wall St News
Is LendLease Group's (ASX:LLC) CEO Being Overpaid?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Steve McCann's Compensation Compare With Similar Sized Companies. … Our data indicates that LendLease Group is worth AU$6.9b, and total annual CEO compensation is AU$6.4m.
Simply Wall St - – Full articleIs LendLease Group's (ASX:LLC) High P/E Ratio A Problem For Investors?
To keep it practical, we'll show how LendLease Group's (ASX:LLC) P/E ratio could help you assess the value on offer. … Based on the last twelve months, LendLease Group's P/E ratio is 18.16. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIf You Had Bought LendLease Group (ASX:LLC) Stock A Year Ago, You'd Be Sitting On A 28% Loss, Today
While not a mind-blowing move, it is good to see that the LendLease Group (ASX:LLC) share price has gained 11% in the last three months. … But in truth the last year hasn't been good for the share price. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Simply Wall St - – Full articleWhat You Must Know About LendLease Group's (ASX:LLC) Financial Health
Mid-caps stocks, like LendLease Group (ASX:LLC) with a market capitalization of AU$7.9b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … This article will examine LLC’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Check out our latest analysis for LendLease Group
Simply Wall St - – Full articleLendLease Group (ASX:LLC): Poised For Long-Term Success?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings announcement LendLease Group (ASX:LLC) released in June 2018a
Simply Wall St - – Full articleWhy LendLease Group (ASX:LLC) Looks Like A Quality Company
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleLendLease Group (ASX:LLC) Is Trading At A 44.1% Discount
by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleCould The LendLease Group (ASX:LLC) Ownership Structure Tell Us Something Useful?
Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … Check out our latest analysis for LendLease Group
Simply Wall St - – Full articleLendLease Group (ASX:LLC) Insiders Have Been Selling
So we'll take a look at whether insiders have been buying or selling shares in LendLease Group (ASX:LLC). … LendLease Group Insider Transactions Over The Last Year. … Group CEO Stephen McCann made the biggest insider sale in the last 12 months.
Simply Wall St - – Full articleHow Does LendLease Group's (ASX:LLC) Earnings Growth Stack Up Against Industry Performance?
Today I will examine LendLease Group's (ASX:LLC) latest earnings update (30 June 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of LLC's industry performed. … LLC's trailing twelve-month earnings (from 30 June 2018) of AU$793m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 4.8%, indicating the rate at which LLC is growing has slowed down
Simply Wall St - – Full articleLLC Company Info
Description
LendLease Group provides property and infrastructure solutions in Australia, Asia, Europe, and the Americas. The company operates through three segments: Development, Construction, and Investments. The Development segment develops communities, inner city mixed use developments, apartments, retirement, retail, commercial assets, and social and economic infrastructure. The Construction segment provides project management, design, and construction services primarily in the infrastructure, defense, mixed use, commercial, and residential sectors. The Investments segment owns and/or manages investments, including property and infrastructure co-investments, retirement livings, and the U.S. military housings. LendLease Group was founded in 1958 and is headquartered in Sydney, Australia.
Details
| Name: | LendLease Group |
| LLC | |
| Exchange: | ASX |
| Founded: | 1958 |
| A$7,123,078,925 | |
| 560,431,072 | |
| Website: | http://www.lendlease.com |
| Address: |
LendLease Group Tower Three, International Towers Sydney, Level 14, Sydney, New South Wales, 2000, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | LLC | Stapled Securities | Australian Securities Exchange | AU | AUD | 02. Jan 1989 | |
| OTCPK | LLES.F | Stapled Securities | Pink Sheets LLC | US | USD | 02. Jan 1989 | |
| DB | LLC | Stapled Securities | Deutsche Boerse AG | DE | EUR | 02. Jan 1989 | |
| CHIA | LLC | Stapled Securities | Chi-X Australia | AU | AUD | 02. Jan 1989 | |
| OTCPK | LLES.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 24. Feb 2003 |
Number of employees
Current staff
Industry
| Diversified Real Estate Activities | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 10:31 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/02/24 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
