Lennar Corporation

LEN-B US

LEN-B USLennar Corporation

United States Composite

142.59

USD

-0.50

(-0.35%)

14.45EPS Dil.

9.87P/E

39.64BMarket Cap

1.15%Div. Yield

Lennar Corporation

LEN-B

(United States Composite)

Recent

price

142.59

P/E

ratio

9.87

div

yld

- -

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 06/15

Stock

S&P500

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
28.32	17.93	16.47	16.44	21.56	30.55	37.72	45.15	49.09	53.33	66.8	69.91	72.68	88.49	116.18	120.83	124.74	Revenue per Share
-6.86	-2.4	0.51	0.49	3.57	2.47	3.1	3.83	4.09	3.42	5.51	5.81	7.97	14.45	15.92	13.9	14.45	Basic EPS, GAAP
6.81	2.42	1.44	-1.43	-2.25	-4.2	-3.93	-2.44	1.93	3.73	5.13	4.38	13.31	8.05	11.07	17.93	15.66	Free Cash Flow per Basic Share
0.52	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.63	1.01	1.51	1.52	1.64	Dividend per Share
7.88	4.5	4.8	5.08	8.32	9.96	12.82	16.02	18.1	20.28	20.11	26.37	33.89	49.16	65.18	79.73	82.56	Book Value per Share
16.82	13.54	16.6	17.01	20.31	22.03	24.92	27.45	29.99	32.46	33.93	39.18	46.87	58.62	71.76	82.11	83.16	Tangible Book Value per Share
162	174	187	188	190	194	206	210	223	237	308	318	309	307	290	283	281	Basic Weighted Avg Shares
4,575	3,119	3,074	3,095	4,105	5,935	7,780	9,474	10,950	12,646	20,572	22,260	22,489	27,131	33,671	34,233	35,056	Sales/Revenue/Turnover
-9.61	-14.75	4.05	90.68	7.85	11.56	11.85	11.46	11.53	11.67	9.67	11.06	13.89	21.67	20.27	15.89	15.77	Operating Margin (%)
32	20	14	22	28	30	39	44	50	66	91	92	95	86	87	110	117	Depreciation Expense
-1,109	-417	95	92	679	480	639	803	912	810	1,696	1,849	2,465	4,430	4,614	3,939	4,061	Net Income, GAAP
- -	- -	- -	- -	- -	25.96	35.17	32.28	31.37	35.13	24.09	24.33	21.01	23.41	22.71	23.86	23.68	Effective Tax Rate (%)
-24.24	-13.37	3.1	2.98	16.55	8.08	8.21	8.47	8.33	6.41	8.24	8.31	10.96	16.33	13.7	11.5	11.59	Profit Margin (%)
5,423	5,255	5,089	4,753	7,571	8,360	10,005	11,244	11,956	14,554	19,599	21,171	18,906	20,641	25,129	29,748	29,446	Working Capital
2,264	2,761	3,880	3,776	5,038	5,079	6,018	6,655	6,276	7,973	10,117	9,574	5,956	4,652	4,047	4,984	4,395	LT Debt
2,789	2,588	3,194	3,304	4,001	4,627	5,251	5,950	7,212	7,986	14,683	16,034	18,099	20,996	24,240	26,702	26,778	Total Equity
- -	- -	- -	- -	- -	5.42	5.7	6.16	6.64	6.5	7.41	7.39	9.94	18.12	19.56	13.81	14.12	Return on Invested Capital (%)
- -	- -	- -	- -	- -	7.05	8.04	8.14	8.62	7.19	11.33	10.77	14.32	24.32	21.49	15.48	15.83	Return on Capital (%)
-58.3	-39.01	10.81	9.75	52.19	25.92	26.87	26.19	23.44	17.63	29.79	24.9	26.05	35	27.46	19.08	19.18	Return on Common Equity (%)

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	20.23%	11.13%	1.67%
Net Income, GAAP	28.21%	22.32%	-14.64%
Free Cash Flow	19.34%	46.31%	58.33%
Total Cash Common Dividend	43.31%	76.45%	-1.71%
Total Equity	20.63%	12.74%	10.15%

Growth Rates

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in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Business: 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. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

	Aug'23	Nov'23	Feb'24
Total Current Assets	26,797	31,379	31,011
Accounts Receivable, Net	844	1,449	1,285
Cash, Cash Equivalents & STI	3,925	6,512	5,252
Inventories	22,050	18,898	19,943
Total Current Liabilities	1,722	1,631	1,565
Payables & Accruals	1,722	1,631	1,565
ST Debt	- -	- -	- -
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	1.71	4.56	5.09	4.6	15.92
2023	2.09	3.06	3.92	4.87	13.9
2024	2.6	- -	- -	- -	- -

	Aug'23	Nov'23	Feb'24
ST Debt	- -	- -	- -
LT Borrowings	3,320	4,984	4,395
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	284	281	278
Market Capitalization	30,452	32,275	40,082

Year	Q1	Q2	Q3	Q4	FY
2022	0.37	0.38	0.38	0.38	1.51
2023	0.38	0.39	0.38	0.38	1.52
2024	0.5	- -	- -	- -	- -

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
28.32	17.93	16.47	16.44	21.56	30.55	37.72	45.15	49.09	53.33	66.8	69.91	72.68	88.49	116.18	120.83	124.74	Revenue per Share
-6.86	-2.4	0.51	0.49	3.57	2.47	3.1	3.83	4.09	3.42	5.51	5.81	7.97	14.45	15.92	13.9	14.45	Basic EPS, GAAP
6.81	2.42	1.44	-1.43	-2.25	-4.2	-3.93	-2.44	1.93	3.73	5.13	4.38	13.31	8.05	11.07	17.93	15.66	Free Cash Flow per Basic Share
0.52	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.63	1.01	1.51	1.52	1.64	Dividend per Share
7.88	4.5	4.8	5.08	8.32	9.96	12.82	16.02	18.1	20.28	20.11	26.37	33.89	49.16	65.18	79.73	82.56	Book Value per Share
16.82	13.54	16.6	17.01	20.31	22.03	24.92	27.45	29.99	32.46	33.93	39.18	46.87	58.62	71.76	82.11	83.16	Tangible Book Value per Share
162	174	187	188	190	194	206	210	223	237	308	318	309	307	290	283	281	Basic Weighted Avg Shares
4,575	3,119	3,074	3,095	4,105	5,935	7,780	9,474	10,950	12,646	20,572	22,260	22,489	27,131	33,671	34,233	35,056	Sales/Revenue/Turnover
-9.61	-14.75	4.05	90.68	7.85	11.56	11.85	11.46	11.53	11.67	9.67	11.06	13.89	21.67	20.27	15.89	15.77	Operating Margin (%)
32	20	14	22	28	30	39	44	50	66	91	92	95	86	87	110	117	Depreciation Expense
-1,109	-417	95	92	679	480	639	803	912	810	1,696	1,849	2,465	4,430	4,614	3,939	4,061	Net Income, GAAP
- -	- -	- -	- -	- -	25.96	35.17	32.28	31.37	35.13	24.09	24.33	21.01	23.41	22.71	23.86	23.68	Effective Tax Rate (%)
-24.24	-13.37	3.1	2.98	16.55	8.08	8.21	8.47	8.33	6.41	8.24	8.31	10.96	16.33	13.7	11.5	11.59	Profit Margin (%)
5,423	5,255	5,089	4,753	7,571	8,360	10,005	11,244	11,956	14,554	19,599	21,171	18,906	20,641	25,129	29,748	29,446	Working Capital
2,264	2,761	3,880	3,776	5,038	5,079	6,018	6,655	6,276	7,973	10,117	9,574	5,956	4,652	4,047	4,984	4,395	LT Debt
2,789	2,588	3,194	3,304	4,001	4,627	5,251	5,950	7,212	7,986	14,683	16,034	18,099	20,996	24,240	26,702	26,778	Total Equity
- -	- -	- -	- -	- -	5.42	5.7	6.16	6.64	6.5	7.41	7.39	9.94	18.12	19.56	13.81	14.12	Return on Invested Capital (%)
- -	- -	- -	- -	- -	7.05	8.04	8.14	8.62	7.19	11.33	10.77	14.32	24.32	21.49	15.48	15.83	Return on Capital (%)
-58.3	-39.01	10.81	9.75	52.19	25.92	26.87	26.19	23.44	17.63	29.79	24.9	26.05	35	27.46	19.08	19.18	Return on Common Equity (%)

Year	Q1	Q2	Q3	Q4	FY
2022	6,204	8,359	8,934	10,174	33,671
2023	6,490	8,045	8,730	10,968	34,233
2024	7,313	- -	- -	- -	- -