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 3,644 5,420 4,731
Change - -130.03% -507.56% 30.46% 126.75% 466.4% 48.74% -12.71%
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 99.8 171.5 188.6 158.1 163.5 168.9
Change - -12.21% 74.43% 71.85% 9.99% -16.17% 3.42% 3.28%
Free Cash Flow (FCF) 1 2,468 3,208 5,080 2,232 28.18 - 779.4 -
Change - 30.02% 58.33% -56.06% -98.74% -100% - -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% 6.41% 6.66% 8.29%
EBIT Margin (%) 20.19% 20.64% 16.03% 14.97% 8.73% 5.93% 6.29% 7.66%
EBT Margin (%) 21.45% 17.86% 15.2% 14.63% 8.23% 4.95% 4.79% 5.41%
Net margin (%) 16.33% 13.7% 11.5% 11.1% 6.08% 3.72% 3.77% 4.41%
FCF margin (%) 9.1% 9.53% 14.84% 6.3% 0.08% - 2.4% -
FCF / Net Income (%) 55.7% 69.54% 128.98% 56.75% 1.36% - 63.74% -

Profitability

        
ROA 12.67% 14.61% 10.2% 9.76% 5.49% 3.65% 4% 6.4%
ROE 20.61% 20.55% 15.54% 14.44% 8.34% 5.53% 5.91% 7.71%

Financial Health

        
Leverage (Debt/EBITDA) 0.34x - - - 0.21x 1.8x 2.51x 1.64x
Debt / Free cash flow 0.77x - - - 22.83x - 6.95x -

Capital Intensity

        
CAPEX / Current Assets (%) 0.24% 0.17% 0.29% 0.48% 0.55% 0.5% 0.5% 0.48%
CAPEX / EBITDA (%) 1.17% 0.81% 1.78% 3.16% 6.05% 7.82% 7.56% 5.85%
CAPEX / FCF (%) 2.64% 1.78% 1.96% 7.68% 669.3% - 20.98% -

Items per share

        
Cash flow per share 1 8.261 11.27 18.28 8.835 0.8412 3.556 3.2 -
Change - 36.4% 62.25% -51.67% -90.48% 322.76% -10.02% -
Dividend per Share 1 2 1.5 1.5 2 2 2.003 2.05 2.082
Change - -25% 0% 33.33% 0% 0.14% 2.35% 1.56%
Book Value Per Share 1 67.89 83.16 93.82 102.5 88.91 84.05 86.42 95.19
Change - 22.48% 12.82% 9.21% -13.22% -5.46% 2.82% 10.15%
EPS 1 14.27 15.72 13.73 14.31 7.98 4.853 5.36 6.891
Change - 10.16% -12.66% 4.22% -44.23% -39.18% 10.44% 28.58%
Nbr of stocks (in thousands) 309,473 291,167 284,355 271,245 247,016 237,900 237,900 237,900
Announcement Date 12/15/21 12/14/22 12/14/23 12/18/24 12/16/25 - - -
1USD
Estimates
2026 *2027 *
P/E 16.4x 14.9x
PBR 0.95x 0.92x
EV / Sales 0.72x 0.75x
Yield 2.51% 2.57%

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
20
Last Close Price
79.81USD
Average target price
79.00USD
Spread / Average Target
-1.01%

Quarterly revenue - Rate of surprise

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