Lennar Corp. is a homebuilder company, which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other. The Financial Services segment focuses on the mortgage financing, title insurance and closing services for both buyers of homes and others. The Multifamily develops, constructs and manages property of multifamily rental. The Lennar Other segment involves in raising, investing, and managing third-party capital, originating, and selling into securitizations commercial mortgage loans. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.
Highlights
LEN's debt is down by 20% YoY and by 8% from the previous quarter
LEN's gross profit is up by 13% year-on-year and by 2.2% since the previous quarter
The price to earnings (P/E) is 19% higher than the last 4 quarters average of 9.3 but 7% lower than the 5-year quarterly average of 11.9
Key stats
What are the main financial stats of LEN
Market
Shares outstanding
312.24M
Market cap
$22.97B
Enterprise value
$29.06B
Valuations
Price to earnings (P/E)
11.06
Price to book (P/B)
1.39
Price to sales (P/S)
1.02
EV/EBIT
10.89
EV/EBITDA
10.51
EV/Sales
1.28
Earnings
Revenue
$22.62B
EBIT
$2.67B
EBITDA
$2.76B
Free cash flow
$3.26B
Per share
EPS
$6.65
Free cash flow per share
$10.44
Book value per share
$52.98
Revenue per share
$72.45
TBVPS
$82.84
Balance sheet
Total assets
$29.31B
Total liabilities
$12.68B
Debt
$7.5B
Equity
$16.54B
Working capital
N/A
Liquidity
Debt to equity
0.45
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
2.2
Margins
EBITDA margin
12.2%
Gross margin
13.2%
Net margin
9.3%
Operating margin
11.6%
Efficiency
Return on assets
7.2%
Return on equity
13.2%
Return on invested capital
8.1%
Return on capital employed
N/A
Return on sales
11.8%
Dividend
Dividend yield
0.56%
DPS
$0.42
Payout ratio
6.2%
LEN stock price
How has the Lennar stock price performed over time
Financial performance
How have Lennar's revenue and profit performed over time
Revenue
$22.62B
Gross profit
$2.98B
Operating income
$2.63B
Net income
$2.1B
Gross margin
13.2%
Net margin
9.3%
LEN's operating income is up by 16% year-on-year and by 2.3% since the previous quarter
LEN's gross profit is up by 13% year-on-year and by 2.2% since the previous quarter
Lennar's operating margin has increased by 11% YoY and by 3.6% QoQ
Lennar's net income has increased by 10% YoY and by 4.8% from the previous quarter
Valuation
What is Lennar stock price valuation
P/E
11.06
P/B
1.39
P/S
1.02
EV/EBIT
10.89
EV/EBITDA
10.51
EV/Sales
1.28
The price to earnings (P/E) is 19% higher than the last 4 quarters average of 9.3 but 7% lower than the 5-year quarterly average of 11.9
LEN's EPS is up by 12% year-on-year and by 6% since the previous quarter
LEN's price to book (P/B) is 26% higher than its last 4 quarters average of 1.1
Lennar's equity has increased by 9% YoY and by 3.1% QoQ
The stock's price to sales (P/S) is 28% more than its last 4 quarters average of 0.8 and 13% more than its 5-year quarterly average of 0.9
LEN's revenue is up by 4.9% YoY
Efficiency
How efficient is Lennar business performance
The company's return on invested capital rose by 10% YoY and by 7% QoQ
Lennar's return on assets has increased by 9% YoY and by 6% QoQ
LEN's ROS is up by 6% since the previous quarter and by 3.5% year-on-year
The return on equity is up by 3.1% since the previous quarter
Dividends
What is LEN's dividend history
DPS
$0.42
Dividend yield
0.56%
Payout ratio
6.2%
Recent dividends
Financial health
How did Lennar financials performed over time
LEN's total assets is 131% greater than its total liabilities
Lennar's total liabilities has decreased by 12% YoY and by 2.3% QoQ
LEN's debt is 55% less than its equity
The debt to equity has contracted by 27% YoY and by 12% from the previous quarter
LEN's debt is down by 20% YoY and by 8% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.