Lennar Corporation Class B
Find Ratings ReportsLENNAR CORP's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 9.13% from the same quarter last year.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 7312.93 | 6490.43 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 917.89 | 829.93 |
Net Income ($mil) | 719.33 | 596.53 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 4962.76 | 4274.16 |
Total Assets ($mil) | 38951.2 | 36573.15 |
Total Debt ($mil) | 2830.33 | 5373.96 |
Equity ($mil) | 26647.84 | 24418.26 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 22.47 | 21.66 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 12.55 | 12.79 |
Sales Turnover | 0.9 | 0.93 |
Return on Assets | 10.42 | 12.87 |
Return on Equity | 15.24 | 19.28 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.1 | 0.18 |
Interest Expense | 36.51 | 49.58 |
Interest Coverage | 25.14 | 16.74 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 280.95 | 289.4 |
Div / share | 0.5 | 0.38 |
EPS | 2.57 | 2.06 |
Book value / share | 94.85 | 84.38 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 43106.0 | 54670.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 10.71 for the Construction of Buildings subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.47 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 2.28. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, LENNAR CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LEN.B 9.75 | Peers 10.71 | LEN.B NA | Peers 13.81 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. LEN.B is trading at a valuation on par with its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LEN.B 4.27 | Peers 7.97 | LEN.B 0.09 | Peers 2.42 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. LEN.B is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. LEN.B trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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LEN.B 1.47 | Peers 2.28 | LEN.B -11.54 | Peers -9.42 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. LEN.B is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, LEN.B is expected to significantly trail its peers on the basis of its earnings growth rate |
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Price/Sales |
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Sales Growth |
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LEN.B 1.12 | Peers 1.33 | LEN.B 3.23 | Peers 0.52 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. LEN.B is trading at a discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. LEN.B has a sales growth rate that significantly exceeds its peers. |
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