Analyse produit facultative
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Lennar Corporation's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $18.2B | |
|---|---|---|
| Revenue (ttm) | 32B | |
| Net income (ttm) | 1.3B | |
| EPS (ttm) | $5.31 | |
| Shares out | 237.9M | |
| P/E (trailing) | 15.7x | |
| P/E (forward) | 15.7x | |
| Dividend | $2.00 (2.40%) | |
| Volume | 1,595,685 | |
| Beta | 1.38 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-11-30 | 2022-11-30 | 2023-11-30 | 2024-11-30 | 2025-11-30 | Trend |
| Revenue | $27.13B | $33.67B | $34.23B | $35.44B | $34.19B | +5.9% |
| Gross profit | $5.54B | $7.20B | $33.98B | $5.50B | $3.39B | -11.6% |
| Operating income | $5.79B | $5.98B | $5.53B | $5.20B | $2.83B | -16.4% |
| Net income | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B | -17.2% |
| EPS (diluted) | $13.81 | $15.72 | $13.73 | $14.31 | $8.15 | -12.4% |
| EBITDA | $5.88B | $6.07B | $5.53B | $5.32B | $2.96B | -15.7% |
| R&D | — | — | — | — | — | — |
| SG&A | $398.4M | $414.5M | $2.23B | $2.48B | $2.68B | +61.0% |
Recent company headlines from major financial publishers.
Our Base case projects Lennar achieving a target of $91.06 with an estimated probability of 55.0% and an implied return of 18.7% relative to $76.69. In this trajectory, mortgage rates settle into a predictable range, allowing financing buydown concessions to gradually moderate while delivery volumes hold steady through even-flow community production. Construction cycle times benefit from advance subcontractor scheduling, stabilizing gross margins and enabling disciplined off-balance-sheet land option conversions to generate sustained cash flow for ongoing share repurchases and balance sheet strength.
Our Bull case establishes a Potential value target of $170.23 with an estimated probability of 20.0% and an implied return of 122.0% against $76.69. This path is driven by an accelerated easing of monetary policy and lower mortgage interest rates, which rapidly eliminates the need for expensive mortgage rate buydowns. Expanding homebuyer demand accelerates delivery volumes, while national purchasing power and local submarket scale widen gross margins back toward historical peak levels, driving compounding free cash flow.
| Ke ↓ / g → | 1.5% | 1.8% | 2.0% | 2.3% | 2.5% |
|---|---|---|---|---|---|
| 7.7% | $98.9 | $102 | $105 | $108 | $112 |
| 8.2% | $92.5 | $94.8 | $97.3 | $100 | $103 |
| 8.7% | $87.1 | $89.0 | $91.1 | $93.4 | $95.8 |
| 9.2% | $82.4 | $84.0 | $85.7 | $87.6 | $89.7 |
| 9.7% | $78.3 | $79.7 | $81.2 | $82.7 | $84.5 |
Upcoming earnings date and setup when available.
La notation portée par l'édition de recherche publiée chaque mois. Une notation compare le cours à la date d'analyse à la juste valeur ; elle n'indique pas si l'appréciation s'est révélée juste.
| Année | janv. | févr. | mars | avr. | mai | juin | juil. | août | sept. | oct. | nov. | déc. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
