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Intrinsic value of Lennar Corporation (LEN)

Previous Close$88.16
Intrinsic Value
Upside potential
Previous Close
$88.16
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh59.83 

The original valuation is based on fiscal year data as of 2021-11-30 and quarterly data as of 2022-08-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %20.6NaN
Revenue, $27131NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m21992NaN
Operating income, $m5138NaN
EBITDA, $m5217NaN
Interest expense (income), $mNaN
Earnings before tax, $m5740NaN
Tax expense, $m1363NaN
Net income, $m4377NaN

BALANCE SHEET

Cash and short-term investments, $m2757NaN
Total assets, $m33208NaN
Adjusted assets (=assets-cash), $m30451NaN
Average production assets, $m3953NaN
Working capital, $m19665NaN
Total debt, $m6985NaN
Total liabilities, $m12212NaN
Total equity, $m20996NaN
Debt-to-equity ratio0.333NaN
Adjusted equity ratio0.676NaN

CASH FLOW

Net income, $m4377NaN
Depreciation, amort., depletion, $m79NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m2533NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-24NaN
Free cash flow, $m2556NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m19665
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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