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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Lennar Corporation is a large U.S. residential homebuilder that builds and sells single-family homes and offers mortgage, title and insurance services through an integrated model. Long-term growth drivers include chronic housing undersupply, demographic household formation and scale from land inventory and vertical integration that may support margins and diversify revenue. It appears positioned to benefit from a national footprint and diversified operations.
Key risks are sensitivity to higher mortgage rates and housing-cycle downturns that can curb demand and profitability, plus construction-cost inflation, land-value and execution risks investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Income before tax | 5202.30M | 6014.57M | 5819.06M | 3123.79M | 2434.29M |
| Minority interest | -22.78M | -34.38M | -26.44M | 2.52M | -6.93M |
| Net income | 3938.51M | 4614.12M | 4430.11M | 2465.04M | 1849.05M |
| Selling general administrative | 501.34M | 414.50M | 398.38M | 358.42M | 2056.30M |
| Gross profit | 33984.34M | 7202.14M | 5536.64M | 3474.11M | 4517.48M |
| Reconciled depreciation | - | 87.08M | 85.95M | 94.55M | 92.20M |
| Ebit | - | 5980.19M | 5792.62M | 3143.67M | 2368.98M |
| Ebitda | 5527.71M | 6067.27M | 5878.57M | 3238.22M | 2461.18M |
| Depreciation and amortization | - | 87.08M | 85.95M | 94.55M | 92.20M |
| Non operating income net other | - | -1341.97M | 732.84M | -0.09M | -37.75M |
| Operating income | 5527.71M | 6721.25M | 5078.43M | 3115.69M | 2368.98M |
| Other operating expenses | 750.36M | 26949.76M | 21992.42M | 19373.16M | 19798.38M |
| Interest expense | 257.89M | 1023.93M | 213.92M | 22.40M | 17.62M |
| Tax provision | 1241.01M | 1366.07M | 1362.51M | 656.24M | 592.17M |
| Net interest income | - | - | - | -22.40M | -17.62M |
| Income tax expense | 1241.01M | 1366.07M | 1362.51M | 656.24M | 592.17M |
| Total revenue | 34233.37M | 33671.01M | 27130.68M | 22488.85M | 22259.56M |
| Total operating expenses | 501.34M | 26949.76M | 22052.24M | 19373.16M | 2056.30M |
| Cost of revenue | 249.02M | 26468.87M | 21594.04M | 19014.75M | 17742.08M |
| Total other income expense net | -325.40M | -706.68M | 680.80M | 8.10M | 65.31M |
| Net income from continuing ops | 3961.29M | 4682.88M | 4456.55M | 2467.55M | 3026.47M |
| Net income applicable to common shares | - | 4614.12M | 4430.11M | 2465.04M | 1849.05M |
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Total assets | 39234.30M | 37984.29M | 33207.78M | 29935.18M | 29359.51M |
| Other current assets | 2015.63M | 23.05M | 21.93M | 15.21M | 70.90M |
| Total liab | 12532.34M | 13743.93M | 12211.50M | 11835.78M | 13325.68M |
| Total stockholder equity | 26580.66M | 24100.50M | 20816.42M | 17994.86M | 15949.52M |
| Other current liab | - | 418.02M | 377.02M | 706.69M | 260.27M |
| Common stock | 29.51M | 29.27M | 33.99M | 33.84M | 33.66M |
| Capital stock | 29.51M | 29.27M | 33.99M | 33.84M | 33.66M |
| Retained earnings | 22369.37M | 18861.42M | 14685.33M | 10564.99M | 8295.00M |
| Other liab | - | 5133.00M | 4331.57M | 3198.43M | 1881.94M |
| Good will | 3442.36M | 3442.36M | 3442.36M | 3442.36M | 3657.88M |
| Other assets | - | 6506.79M | 6852.54M | 2819.56M | 835.16M |
| Cash | 6273.72M | 4616.12M | 2735.21M | 2703.99M | 1446.00M |
| Cash and equivalents | - | 4778.72M | 2921.74M | 2863.04M | 1446.00M |
| Total current liabilities | 1631.40M | 1616.13M | 1321.25M | 1037.34M | 1069.18M |
| Net debt | -3457.24M | -568.83M | 1917.12M | 3251.77M | 8127.70M |
| Short term debt | - | 2151.84M | 4652.34M | 5955.76M | 1797.06M |
| Short long term debt total | 2816.48M | 4047.29M | 4652.34M | 5955.76M | 9573.70M |
| Other stockholder equity | 4176.91M | 5207.41M | 6098.44M | 7396.83M | 7620.36M |
| Property plant equipment | - | 860.16M | 339.91M | 411.52M | 279.53M |
| Total current assets | 27530.09M | 26745.16M | 21962.72M | 19943.10M | 22239.96M |
| Long term investments | 1143.91M | 1173.16M | 972.08M | 2133.69M | 1572.72M |
| Net tangible assets | - | 20658.14M | 17374.07M | 14362.80M | 12291.64M |
| Short term investments | - | 35.48M | 41.65M | 53.50M | 3.73M |
| Net receivables | 887.99M | 673.98M | 490.28M | 298.67M | 2625.68M |
| Long term debt | 2816.48M | 4047.29M | 4652.34M | 7421.58M | 7823.74M |
| Inventory | 18352.74M | 21432.01M | 18715.30M | 16925.23M | 18093.65M |
| Accounts payable | 1631.40M | 1616.13M | 1321.25M | 1037.34M | 1069.18M |
| Noncontrolling interest in consolidated entity | - | 139.87M | 179.86M | 104.55M | 84.31M |
| Accumulated other comprehensive income | 4.88M | 2.41M | -1.34M | -0.81M | 0.50M |
| Common stock total equity | - | 29.27M | 33.99M | 33.84M | 33.66M |
| Retained earnings total equity | - | 18861.42M | 14685.33M | 10564.99M | 8295.00M |
| Treasury stock | - | -210.39M | -2709.45M | -1279.23M | -957.86M |
| Non currrent assets other | 7117.95M | 6268.52M | 6830.61M | 5596.55M | 963.83M |
| Non current assets total | 11704.22M | 11239.13M | 11245.06M | 9992.08M | 7119.55M |
| Long term debt total | - | 4047.29M | 4652.34M | 7421.58M | 7823.74M |
| Breakdown | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 |
| Investments | - | -97.17M | -84.81M | -258.01M | 2.34M |
| Change to liabilities | - | 701.11M | 881.31M | 266.49M | -14.64M |
| Total cashflows from investing activities | - | -128.30M | -105.09M | -280.20M | 19.60M |
| Net borrowings | - | -214.01M | -1078.98M | -2294.14M | -1035.46M |
| Total cash from financing activities | - | -1277.28M | -2404.74M | -2446.57M | -1629.22M |
| Change to operating activities | - | -216.25M | -281.82M | 245.39M | -501.04M |
| Net income | 94.25M | 4648.50M | 4456.55M | 2467.55M | 1842.12M |
| Change in cash | 94.25M | 1860.09M | 22.95M | 1464.04M | -127.28M |
| Begin period cash flow | 4815.77M | 2955.68M | 2932.73M | 1468.69M | 1595.98M |
| End period cash flow | 94.25M | 4815.77M | 2955.68M | 2932.73M | 1468.69M |
| Total cash from operating activities | 94.25M | 3265.67M | 2532.77M | 4190.82M | 1482.34M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 0.49M |
| Depreciation | - | 87.08M | 85.95M | 94.55M | 92.20M |
| Other cashflows from investing activities | - | 26.09M | 44.89M | 50.55M | 79.31M |
| Dividends paid | - | -438.04M | -309.78M | -195.04M | 51.45M |
| Change to inventory | - | -2383.82M | -1960.61M | 781.36M | -623.64M |
| Change to account receivables | - | -422.40M | -289.78M | 180.72M | -119.08M |
| Sale purchase of stock | - | -1039.31M | -1430.21M | -321.52M | -523.07M |
| Other cashflows from financing activities | - | 823.15M | 414.24M | 364.13M | 67.71M |
| Change to netincome | - | -165.50M | -552.98M | 366.59M | -135.04M |
| Capital expenditures | 0.00M | 57.21M | 65.17M | 72.75M | 86.50M |
| Change receivables | - | -422.40M | -289.78M | 25.87M | 312.25M |
| Cash flows other operating | - | 802.86M | -80.89M | 213.18M | 35.30M |
| Cash and cash equivalents changes | - | 1860.09M | 22.95M | 1464.04M | -127.28M |
| Change in working capital | - | -2321.36M | -1650.90M | 1319.10M | -827.07M |
| Stock based compensation | - | 184.09M | 134.62M | 107.13M | 86.94M |
| Other non cash items | -94.25M | 914.01M | -685.08M | 110.40M | 52.66M |
| Free cash flow | 94.25M | 3208.45M | 2467.60M | 4118.07M | 1395.85M |
Sector: Consumer Cyclical Industry: Residential Construction
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LEN Lennar Corporation |
-2.97 3.24% |
88.62 | 10.74 | 10.32 | 1.20 | 1.57 | 1.10 | 6.86 |
| DHI DR Horton Inc |
-5.35 3.39% |
152.28 | 15.22 | 15.31 | 1.41 | 1.85 | 1.42 | 11.25 |
| PHM PulteGroup Inc |
-2.66 1.97% |
132.49 | 8.37 | 9.75 | 1.29 | 2.22 | 1.33 | 6.07 |
| LEN-B Lennar Corporation |
-2.49 2.79% |
86.84 | 12.33 | 12.06 | 0.58 | 0.88 | 0.71 | 10.61 |
| NVR NVR Inc |
-115.89 1.81% |
6298.29 | 16.37 | 14.93 | 1.74 | 4.95 | 1.75 | 10.85 |
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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Stuart A. Miller | Exec. Chairman | 1958 |
| Mr. Jonathan M. Jaffe | Co-CEO, Co-Pres & Director | 1960 |
| Mr. Richard Beckwitt | Co-CEO, Co-Pres & Director | 1959 |
| Ms. Diane J. Bessette | VP, CFO & Treasurer | 1961 |
| Mr. Mark Sustana Esq. | VP, Gen. Counsel & Sec. | 1962 |
| Mr. Jeffrey J. McCall B.S., M.A., P.T. | Exec. VP | 1971 |
| Mr. Fred B. Rothman | Chief Operating Officer | NA |
| Ms. Kay L. Howard | Chief Marketing & Communications Officer | NA |
| Tench Tilghman | Pres of Pennsylvania & Delaware Markets | NA |
| Anthony Mignone | Pres of New Jersey & New York Markets | NA |
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