Company Valuation: Lendlease Group

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 6,224 5,296 3,699 3,681 2,203 1,718 - -
Change - -14.91% -30.15% -0.5% -40.16% -21.98% - -
Enterprise Value (EV) 1 7,284 7,677 6,875 7,114 5,925 3,620 4,450 4,603
Change - 5.4% -10.44% 3.47% -16.72% -38.89% 22.91% 3.43%
P/E -63.3x -23x -2.49x 16.5x -2.98x 148x 42x 5.33x
PBR 0.9x 0.81x 0.77x 0.72x 0.46x 0.34x 0.32x 0.34x
PEG - -0x -0x -0x 0x -1x 0x 0x
Capitalization / Revenue 0.67x 0.51x 0.39x 0.47x 0.4x 0.21x 0.17x 0.19x
EV / Revenue 0.78x 0.73x 0.73x 0.91x 1.08x 0.45x 0.44x 0.51x
EV / EBITDA 11.6x 14.1x 10.3x 7.78x -33.1x 8.05x 9.69x 8.05x
EV / EBIT 15.1x 19x 12.5x 8.66x -23.6x 10.7x 12x 9.2x
EV / FCF -25.7x -6.17x -6.56x -6.74x -2.6x 2.34x 8.83x -92.1x
FCF Yield -3.89% -16.2% -15.2% -14.8% -38.5% 42.8% 11.3% -1.09%
Dividend per Share 2 0.16 0.16 0.16 0.23 0.157 0.1586 0.1234 0.147
Rate of return 1.76% 2.06% 2.96% 4.28% 4.86% 6.3% 4.9% 5.83%
EPS 2 -0.144 -0.337 -2.177 0.326 -1.084 0.017 0.06 0.473
Distribution rate -111% -47.5% -7.35% 70.6% -14.5% 933% 206% 31.1%
Net sales 1 9,324 10,458 9,437 7,790 5,503 8,122 10,060 9,028
EBITDA 1 629 544 669 914 -179 449.9 459.4 571.5
EBIT 1 483 404 549 821 -251 339.2 369.6 500.4
Net income 1 -99 -232 -1,052 225 -749 115.1 107.3 330.6
Net Debt 1 1,060 2,381 3,176 3,433 3,722 1,902 2,731 2,884
Reference price 2 9.110 7.750 5.410 5.380 3.230 2.520 2.520 2.520
Nbr of stocks (in thousands) 683,158 683,322 683,792 684,193 681,891 681,891 - -
Announcement Date 8/21/22 8/13/23 8/18/24 8/17/25 8/16/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.97x4.54x12.2x3.62% 39.78B
5.75x0.77x1.62x8.61% 27.96B
17.85x3.95x15.88x1.37% 27.69B
7.79x1.41x7.78x4.54% 26.03B
13.72x3.07x14.71x2.55% 25.46B
8.17x0.91x3.3x2.73% 20.9B
10.25x2.01x8.28x4.1% 20.6B
13.01x6.39x16.79x1.67% 18.75B
38.15x13.96x35.15x3.11% 18.41B
Average 14.30x 4.11x 12.86x 3.59% 25.06B
Weighted average by Cap. 13.70x 3.83x 12.19x 3.71%

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

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