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 21% YoY and by 4.2% from the previous quarter
LEN's gross profit is up by 19% year-on-year and by 8% since the previous quarter
The price to earnings (P/E) is 17% higher than the last 4 quarters average of 9.9
Key stats
What are the main financial stats of LEN
Market
Shares outstanding
312.74M
Market cap
$26.05B
Enterprise value
$31.25B
Valuations
Price to earnings (P/E)
11.6
Price to book (P/B)
1.51
Price to sales (P/S)
1.15
EV/EBIT
10.94
EV/EBITDA
10.58
EV/Sales
1.38
Earnings
Revenue
$22.63B
EBIT
$2.86B
EBITDA
$2.95B
Free cash flow
$4.07B
Per share
EPS
$7.18
Free cash flow per share
$13.05
Book value per share
$55
Revenue per share
$72.49
TBVPS
$82.86
Balance sheet
Total assets
$29.32B
Total liabilities
$12.03B
Debt
$7.18B
Equity
$17.17B
Working capital
N/A
Liquidity
Debt to equity
0.42
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
1.76
Margins
EBITDA margin
13%
Gross margin
14.2%
Net margin
10%
Operating margin
12.6%
Efficiency
Return on assets
7.7%
Return on equity
13.7%
Return on invested capital
8.9%
Return on capital employed
N/A
Return on sales
12.6%
Dividend
Dividend yield
0.75%
DPS
$0.63
Payout ratio
8.7%
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
$22.63B
Gross profit
$3.22B
Operating income
$2.86B
Net income
$2.26B
Gross margin
14.2%
Net margin
10%
LEN's operating income is up by 22% year-on-year and by 9% since the previous quarter
LEN's gross profit is up by 19% year-on-year and by 8% since the previous quarter
Lennar's operating margin has increased by 17% YoY and by 9% QoQ
The gross margin has grown by 15% YoY and by 8% from the previous quarter
Growth
What is Lennar's growth rate over time
Valuation
What is Lennar stock price valuation
P/E
11.6
P/B
1.51
P/S
1.15
EV/EBIT
10.94
EV/EBITDA
10.58
EV/Sales
1.38
The price to earnings (P/E) is 17% higher than the last 4 quarters average of 9.9
LEN's EPS is up by 17% year-on-year and by 8% since the previous quarter
LEN's price to book (P/B) is 26% higher than its last 4 quarters average of 1.2 and 8% higher than its 5-year quarterly average of 1.4
Lennar's equity has increased by 12% YoY and by 3.8% QoQ
The stock's price to sales (P/S) is 28% more than its 5-year quarterly average of 0.9 and 28% more than its last 4 quarters average of 0.9
LEN's revenue is up by 4.1% YoY
Efficiency
How efficient is Lennar business performance
The company's return on invested capital rose by 16% YoY and by 10% QoQ
Lennar's return on assets has increased by 13% YoY and by 7% QoQ
LEN's ROS is up by 7% since the previous quarter and by 6% year-on-year
The return on equity is up by 3.8% since the previous quarter and by 3.8% year-on-year
Dividends
What is LEN's dividend history
DPS
$0.63
Dividend yield
0.75%
Payout ratio
8.7%
Recent dividends
Financial health
How did Lennar financials performed over time
LEN's total assets is 144% greater than its total liabilities
Lennar's total liabilities has decreased by 14% YoY and by 5% QoQ
LEN's debt is 58% less than its equity
The debt to equity has contracted by 29% YoY and by 7% from the previous quarter
LEN's debt is down by 21% YoY and by 4.2% from the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.