Lennar Corporation Intrinsic Value Calculator – LENNAR CORP Reports USD 8.7 Billion Revenue for Q2 2023, Down 2.2% Year-Over-Year
September 16, 2023
🌥️Earnings Overview
For the quarter ending August 31, 2023, LENNAR CORPORATION ($NYSE:LEN) reported total revenue of USD 8.7 billion, a 2.2% decrease compared to the same quarter of the prior year. Net income for the company’s third quarter of FY2023 was USD 1.1 billion, representing a drop of 24.5% year-over-year.
Analysis – Lennar Corporation Intrinsic Value Calculator
GoodWhale’s analysis of LENNAR CORPORATION‘s wellbeing has found the intrinsic value of their share to be around $115.7. This figure was found using GoodWhale’s proprietary Valuation Line. Currently, LENNAR CORPORATION stock is being traded at $117.7, which is a fair price; however, it is slightly overvalued by 1.7%. After taking into account factors like financials, market trends, and analyst opinion, GoodWhale confidently concludes that the intrinsic value of the company is $115.7. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lennar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 33.44k | 3.89k | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lennar Corporation. More…
| Operations | Investing | Financing |
| 4.85k | -128.3 | -1.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lennar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37.44k | 11.65k | 89.26 |
Key Ratios Snapshot
Some of the financial key ratios for Lennar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.9% | 23.3% | 16.1% |
| FCF Margin | ROE | ROA |
| 14.3% | 13.3% | 9.0% |
Peers
Lennar Corp, D.R. Horton Inc, PulteGroup Inc, and M/I Homes Inc are all homebuilders that compete for market share in the United States. The competition between these companies is intense, as they all strive to be the top homebuilder in the country. Each company has its own unique strengths and weaknesses, and it is always trying to find new ways to improve its operations and gain an edge over its competitors.
– D.R. Horton Inc ($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
LENNAR CORPORATION reported total revenue of USD 8.7 billion for the quarter ending August 31, 2023, which is a 2.2% decrease year-over-year. Net income was reported to be USD 1.1 billion, a 24.5% decrease from the same quarter of the prior year. This performance has caused investors to take a closer look at the company’s financials and trend since the third quarter of FY2023 is the first to show signs of a potential slump. Investors may be concerned about the sustainability of the company’s earnings performance and should carefully consider the facts and risks before investing in LENNAR CORPORATION.
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