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L1EN

Lennar BOVESPA:L1EN34 Stock Report

Last Price

US$360.07

Market Cap

US$106.2b

7D

0%

1Y

-35.2%

Updated

24 Apr, 2022

Data

Company Financials +
L1EN34 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends5/6

L1EN34 Stock Overview

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.

Lennar Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lennar
Historical stock prices
Current Share PriceUS$360.07
52 Week HighUS$661.02
52 Week LowUS$360.07
Beta1.53
1 Month Change-17.78%
3 Month Change-32.05%
1 Year Change-35.24%
3 Year Changen/a
5 Year Changen/a
Change since IPO60.85%

Recent News & Updates

Shareholder Returns

L1EN34BR Consumer DurablesBR Market
7D0%-3.0%-3.2%
1Y-35.2%-42.2%-14.6%

Return vs Industry: L1EN34 exceeded the BR Consumer Durables industry which returned -42.2% over the past year.

Return vs Market: L1EN34 underperformed the BR Market which returned -14.6% over the past year.

Price Volatility

Is L1EN34's price volatile compared to industry and market?
L1EN34 volatility
L1EN34 Average Weekly Movementn/a
Consumer Durables Industry Average Movement6.8%
Market Average Movement6.1%
10% most volatile stocks in BR Market9.1%
10% least volatile stocks in BR Market2.8%

Stable Share Price: Insufficient data to determine L1EN34's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine L1EN34's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
195410,753Jon Jaffehttps://www.lennar.com

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.

Lennar Fundamentals Summary

How do Lennar's earnings and revenue compare to its market cap?
L1EN34 fundamental statistics
Market CapUS$22.33b
Earnings (TTM)US$3.89b
Revenue (TTM)US$28.01b

5.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
L1EN34 income statement (TTM)
RevenueUS$28.01b
Cost of RevenueUS$20.03b
Gross ProfitUS$7.58b
Other ExpensesUS$3.70b
EarningsUS$3.89b

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)13.15
Gross Margin27.08%
Net Profit Margin13.88%
Debt/Equity Ratio28.1%

How did L1EN34 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

9%

Payout Ratio

Does L1EN34 pay a reliable dividends?

See L1EN34 dividend history and benchmarks
When do you need to buy L1EN34 by to receive an upcoming dividend?
Lennar dividend dates
Ex Dividend DateApr 25 2022
Dividend Pay DateMay 16 2022
Days until Ex dividend0 days
Days until Dividend pay date21 days

Does L1EN34 pay a reliable dividends?

See L1EN34 dividend history and benchmarks

Valuation

Is Lennar undervalued compared to its fair value and its price relative to the market?

5.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: L1EN34 (R$360.07) is trading above our estimate of fair value (R$333.83)

Significantly Below Fair Value: L1EN34 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: L1EN34 is good value based on its PE Ratio (5.9x) compared to the BR Consumer Durables industry average (7.2x).

PE vs Market: L1EN34 is good value based on its PE Ratio (5.9x) compared to the BR market (10x).


Price to Earnings Growth Ratio

PEG Ratio: L1EN34 is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: L1EN34 is overvalued based on its PB Ratio (1.1x) compared to the BR Consumer Durables industry average (0.8x).


Future Growth

How is Lennar forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: L1EN34's forecast earnings growth (6.1% per year) is below the savings rate (9.1%).

Earnings vs Market: L1EN34's earnings (6.1% per year) are forecast to grow faster than the BR market (5.1% per year).

High Growth Earnings: L1EN34's earnings are forecast to grow, but not significantly.

Revenue vs Market: L1EN34's revenue (5.2% per year) is forecast to grow slower than the BR market (7.5% per year).

High Growth Revenue: L1EN34's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: L1EN34's Return on Equity is forecast to be low in 3 years time (19.5%).


Past Performance

How has Lennar performed over the past 5 years?

33.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: L1EN34 has high quality earnings.

Growing Profit Margin: L1EN34's current net profit margins (13.9%) are higher than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: L1EN34's earnings have grown significantly by 33.8% per year over the past 5 years.

Accelerating Growth: L1EN34's earnings growth over the past year (28.2%) is below its 5-year average (33.8% per year).

Earnings vs Industry: L1EN34 earnings growth over the past year (28.2%) underperformed the Consumer Durables industry 37.6%.


Return on Equity

High ROE: L1EN34's Return on Equity (18.9%) is considered low.


Financial Health

How is Lennar's financial position?


Financial Position Analysis

Short Term Liabilities: L1EN34's short term assets ($24.7B) exceed its short term liabilities ($2.3B).

Long Term Liabilities: L1EN34's short term assets ($24.7B) exceed its long term liabilities ($9.5B).


Debt to Equity History and Analysis

Debt Level: L1EN34's net debt to equity ratio (21.3%) is considered satisfactory.

Reducing Debt: L1EN34's debt to equity ratio has reduced from 96% to 28.1% over the past 5 years.

Debt Coverage: L1EN34's debt is well covered by operating cash flow (35.4%).

Interest Coverage: L1EN34's interest payments on its debt are well covered by EBIT (292.9x coverage).


Balance Sheet


Dividend

What is Lennar current dividend yield, its reliability and sustainability?

1.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: L1EN34's dividend (1.95%) is higher than the bottom 25% of dividend payers in the BR market (1.35%).

High Dividend: L1EN34's dividend (1.95%) is low compared to the top 25% of dividend payers in the BR market (6.41%).


Stability and Growth of Payments

Stable Dividend: L1EN34's dividends per share have been stable in the past 10 years.

Growing Dividend: L1EN34's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.8%), L1EN34's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22%), L1EN34's dividend payments are well covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Jon Jaffe (61 yo)

1.42yrs

Tenure

US$34,045,217

Compensation

Mr. Jonathan M. Jaffe, also known as Jon, has been the Co-Chief Executive Officer and Co-President of Lennar Corporation since November 2020. He has been a Director of Lennar Corporation since April 12, 20...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD34.05M) is above average for companies of similar size in the BR market ($USD6.34M).

Compensation vs Earnings: Jon's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: L1EN34's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: L1EN34's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lennar Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Lennar Corporation
  • Ticker: L1EN34
  • Exchange: BOVESPA
  • Founded: 1954
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Implied Market Cap: US$22.328b
  • Listing Market Cap: US$106.221b
  • Shares outstanding: 295.49m
  • Website: https://www.lennar.com

Number of Employees


Location

  • Lennar Corporation
  • 700 Northwest 107th Avenue
  • Miami
  • Florida
  • 33172
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/24 00:00
End of Day Share Price2022/04/08 00:00
Earnings2022/02/28
Annual Earnings2021/11/30


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.