Company Valuation: Lendlease Group

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,834 6,224 5,296 3,699 3,681 2,121 - -
Change - -20.56% -14.91% -30.15% -0.5% -42.39% - -
Enterprise Value (EV) 1 8,529 7,284 7,677 6,875 7,114 4,925 3,807 4,421
Change - -14.6% 5.4% -10.44% 3.47% -30.77% -22.7% 16.14%
P/E 35.5x -63.3x -23x -2.49x 16.5x -4.71x 13.5x 9.15x
PBR 1.14x 0.9x 0.81x 0.77x 0.72x 0.43x 0.4x 0.38x
PEG - 0x -0x -0x -0x 0x -0x 0.2x
Capitalization / Revenue 0.77x 0.67x 0.51x 0.39x 0.47x 0.3x 0.22x 0.23x
EV / Revenue 0.84x 0.78x 0.73x 0.73x 0.91x 0.69x 0.4x 0.49x
EV / EBITDA 11.3x 11.6x 14.1x 10.3x 7.78x -20.4x 6.75x 7.84x
EV / EBIT 14x 15.1x 19x 12.5x 8.66x -17.4x 7.29x 8.67x
EV / FCF 28x -25.7x -6.17x -6.56x -6.74x -11.4x 2.32x 11x
FCF Yield 3.58% -3.89% -16.2% -15.2% -14.8% -8.75% 43.1% 9.09%
Dividend per Share 2 0.27 0.16 0.16 0.16 0.23 0.1292 0.1766 0.1796
Rate of return 2.36% 1.76% 2.06% 2.96% 4.28% 4.15% 5.68% 5.78%
EPS 2 0.323 -0.144 -0.337 -2.177 0.326 -0.66 0.23 0.34
Distribution rate 83.6% -111% -47.5% -7.35% 70.6% -19.6% 76.8% 52.8%
Net sales 1 10,185 9,324 10,458 9,437 7,790 7,168 9,488 9,082
EBITDA 1 757 629 544 669 914 -241.7 563.9 563.8
EBIT 1 609 483 404 549 821 -282.5 522.3 509.8
Net income 1 222 -99 -232 -1,052 225 -239 373.1 416.5
Net Debt 1 695 1,060 2,381 3,176 3,433 2,804 1,686 2,300
Reference price 2 11.460 9.110 7.750 5.410 5.380 3.110 3.110 3.110
Nbr of stocks (in thousands) 683,586 683,158 683,322 683,792 684,193 681,891 - -
Announcement Date 8/15/21 8/21/22 8/13/23 8/18/24 8/17/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.88x4.71x12.81x3.38% 42.6B
21.11x4.3x17.65x1.19% 31.53B
6.05x0.73x1.51x8.25% 29.17B
7.86x1.41x7.04x4.53% 28.29B
14.24x3.12x14.93x2.47% 25.95B
16.12x1.03x6.79x2.31% 22.38B
16.68x6.95x19.71x1.14% 22.03B
9.05x2.2x7.56x4.11% 19.76B
Average 13.25x 3.06x 11.00x 3.42% 27.71B
Weighted average by Cap. 13.42x 3.15x 11.13x 3.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield