Lennar Corporation Intrinsic Value Calculation – LENNAR CORPORATION Reports Financial Results for Fiscal Year 2023 Q3 Ending August 31, 2023
September 19, 2023
🌥️Earnings Overview
LENNAR CORPORATION ($NYSE:LEN) reported total revenue of USD 8.7 billion for FY2023 Q3 ending August 31 2023, which was a 2.2% decrease year-on-year. The net income for the period decreased 24.5% compared to the same period of the prior year, amounting to USD 1.1 billion.
Price History
On Thursday, LENNAR CORPORATION released its financial results for the third quarter of fiscal year 2023, ending August 31, 2023. The company reported an increase of 1.5% in its stock price, closing at $117.7 on the day, compared to the previous day’s closing price of $116.0. Overall, LENNAR CORPORATION reported strong results for the third quarter of fiscal year 2023, thanks largely to its strong performance in the housing market segment. With revenues increasing and margins improving, the company looks poised to continue its success going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lennar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 33.44k | 3.89k | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lennar Corporation. More…
| Operations | Investing | Financing |
| 4.85k | -128.3 | -1.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lennar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37.44k | 11.65k | 89.26 |
Key Ratios Snapshot
Some of the financial key ratios for Lennar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 23.3% | 16.1% |
| FCF Margin | ROE | ROA |
| 14.3% | 13.3% | 9.0% |
Analysis – Lennar Corporation Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of the fundamentals of LENNAR CORPORATION. After running our proprietary Valuation Line, we calculated a fair value of $115.7 for the company’s stock. Currently, the share price of LENNAR CORPORATION is trading at $117.7, a fair price that is slightly overvalued by 1.7%. More…
Peers
Lennar Corp, D.R. Horton Inc, PulteGroup Inc, and M/I Homes Inc are all homebuilders that compete for market share in the United States. The competition between these companies is intense, as they all strive to be the top homebuilder in the country. Each company has its own unique strengths and weaknesses, and it is always trying to find new ways to improve its operations and gain an edge over its competitors.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that was founded in 1978 and is headquartered in Fort Worth, Texas. As of 2022, the company has a market capitalization of 29.61 billion dollars and a return on equity of 25.26%. The company builds and sells single-family homes, townhomes, condominiums, and apartments in the United States.
– PulteGroup Inc ($NYSE:PHM)
PulteGroup, Inc. is one of America’s largest homebuilders with operations in approximately 50 markets throughout the country. The company reported a market cap of $10.2 billion as of December 31, 2020, and a return on equity of 24.61% for the same period. PulteGroup’s business is focused on the design, build, and sale of single-family detached and attached homes, as well as the provision of mortgage financing and title insurance services. The company has a long history dating back to its founding in 1950, and has built a reputation for quality craftsmanship and customer service.
– M/I Homes Inc ($NYSE:MHO)
M/I Homes Inc is a homebuilding company in the United States. The company is engaged in the construction and sale of single-family homes. It also provides homeowners with the opportunity to purchase or lease land for the construction of their own home. The company operates in two segments: Homebuilding and Financial Services. The Homebuilding segment engages in the construction and sale of single-family homes. The Financial Services segment provides financing to customers for the purchase of homes and for the construction of their own homes.
Summary
Investors considering Lennar Corporation should note that the company’s financial results for FY2023 Q3 show a decrease in both total revenue and net income year-over-year. Total revenue for the quarter was USD 8.7 billion, a 2.2% decrease compared to the prior year, and net income was USD 1.1 billion, a 24.5% decrease from the same period last year. Diligent investors should investigate further to determine if the stock is a good buy, or if other opportunities may better serve their investment goals.
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