Projected Income Statement: Lennar Corporation

Forecast Balance Sheet: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,895 -569 -3,457 -2,404 643 3,159 3,380 3,342
Change - -130.03% -507.56% 30.46% 126.75% 391.01% 7% -1.12%
Announcement Date 12/15/21 12/14/22 12/14/23 12/18/24 12/16/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 65.17 57.21 99.8 171.5 188.6 133.1 144.4 145.5
Change - -12.21% 74.43% 71.85% 9.99% -29.42% 8.47% 0.76%
Free Cash Flow (FCF) 1 2,468 3,208 5,080 2,232 28.18 631.9 658.7 -
Change - 30.02% 58.33% -56.06% -98.74% 2,142.13% 4.24% -100%
Announcement Date 12/15/21 12/14/22 12/14/23 12/18/24 12/16/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Lennar Corporation

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 20.51% 20.89% 16.35% 15.29% 9.12% 6.8% 7.17% 8.99%
EBIT Margin (%) 20.19% 20.64% 16.03% 14.97% 8.73% 6.25% 6.78% 8.34%
EBT Margin (%) 21.45% 17.86% 15.2% 14.63% 8.23% 5.5% 5.83% 6.26%
Net margin (%) 16.33% 13.7% 11.5% 11.1% 6.08% 4.07% 4.45% 5.22%
FCF margin (%) 9.1% 9.53% 14.84% 6.3% 0.08% 1.94% 1.95% -
FCF / Net Income (%) 55.7% 69.54% 128.98% 56.75% 1.36% 47.8% 43.87% -

Profitability

        
ROA 12.67% 14.61% 10.2% 9.76% 5.49% 3.85% 4.4% 6.4%
ROE 20.61% 20.55% 15.54% 14.44% 8.34% 6.11% 7.12% 9.58%

Financial Health

        
Leverage (Debt/EBITDA) 0.34x - - - 0.21x 1.43x 1.4x 1.04x
Debt / Free cash flow 0.77x - - - 22.83x 5x 5.13x -

Capital Intensity

        
CAPEX / Current Assets (%) 0.24% 0.17% 0.29% 0.48% 0.55% 0.41% 0.43% 0.41%
CAPEX / EBITDA (%) 1.17% 0.81% 1.78% 3.16% 6.05% 6.03% 5.97% 4.51%
CAPEX / FCF (%) 2.64% 1.78% 1.96% 7.68% 669.3% 21.07% 21.92% -

Items per share

        
Cash flow per share 1 8.261 11.27 18.28 8.835 0.8412 4.436 6.086 -
Change - 36.4% 62.25% -51.67% -90.48% 427.32% 37.2% -
Dividend per Share 1 2 1.5 1.5 2 2 2 2.058 2.078
Change - -25% 0% 33.33% 0% 0% 2.92% 0.93%
Book Value Per Share 1 67.89 83.16 93.82 102.5 88.91 80.7 83.94 93.94
Change - 22.48% 12.82% 9.21% -13.22% -9.23% 4.02% 11.91%
EPS 1 14.27 15.72 13.73 14.31 7.98 5.498 6.539 8.293
Change - 10.16% -12.66% 4.22% -44.23% -31.1% 18.94% 26.82%
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 240,895 240,895 240,895
Announcement Date 12/15/21 12/14/22 12/14/23 12/18/24 12/16/25 - - -
1USD
Estimates
2026 *2027 *
P/E 15.3x 12.9x
PBR 1.04x 1x
EV / Sales 0.72x 0.7x
Yield 2.38% 2.45%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
18
Last Close Price
84.11USD
Average target price
86.23USD
Spread / Average Target
+2.52%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. LEN Stock
  4. LEN.B Stock
  5. Financials Lennar Corporation