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LEN

88.30USD+0.14(+0.16%)Market Closed

Lennar Corp

Market Summary

USD88.30+0.14Market Closed
0.16%

LEN Stock Price

RSI Chart

Valuation

Profitability

EBT Margin

20.80%

Return on Equity

20.47%

Return on Assets

12.89%

Fundamentals

Revenue

Revenue Y/Y

16.49%

Revenue Q/Q

-26.44%

Earnings

Earnings (TTM)

4.4B

Earnings Y/Y

58.87%

Earnings Q/Q

162.27%

Price Action

52 Week Range

61.94115.40
(Low)(High)

Last 7 days

2.2%

Last 30 days

10.4%

Last 90 days

13.9%

Trailing 12 Months

-20.5%

Financial Health

Debt/Equity

0.31

Debt/Cashflow

0.28

Investor Care

Dividend Yield

0.21%

Diluted EPS (TTM)

14.61

Financials for Lennar

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue-100.0%null28,00927,13125,52324,452
  S&GA Expenses3.6%416402398408406
Earnings Before Taxes12.7%5,8275,1695,8195,4034,448
Net Income12.4%4,4223,9324,4304,1223,382
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets5.1%34,30632,63533,20832,74431,223
    Cash Equivalents-3.2%1,5531,6062,9562,7792,738
  Net PPE-340----
  Goodwill0%3,6323,632---
Liabilities6.2%12,51611,78812,21111,96511,521
  Long Term Debt-2.5%6,6516,824---
Shareholder's Equity4.4%21,59820,67920,81620,65019,576
  Retained Earnings8.0%16,28915,07914,68513,57112,241
  Additional Paid-In Capital-39.5%5,3558,8558,8088,7798,755
Minority Interest13.8%192168180129126
Float-27,925----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-10.0%1,8672,0752,5332,6063,598
  Share Based Compensation1.9%170167135129133
Cashflow From Investing-277.6%-119.78-31.73-105.09-143.91-156.24
Cashflow From Financing1.8%-2,977.02-3,032.93-2,404.73-1,882.50-2,315.84
  Dividend Payments9.5%374342310312273
  Buy Backs11.3%2,1621,9421,430455199

Risks

What is the probability of a big loss on LEN?

65.8%


Probability that Lennar stock will be more than 20% underwater in next one year

44.2%


Probability that Lennar stock will be more than 30% underwater in next one year.

34.2%


Probability that Lennar stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LEN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lennar was unfortunately bought at previous high price.

Returns

Cumulative Returns on LEN

9.7%


10-Year Cumulative Returns

9.1%


7-Year Cumulative Returns

8.1%


5-Year Cumulative Returns

15.9%


3-Year Cumulative Returns

What are the long-term rolling returns for LEN?

FIve years rolling returns for Lennar.

Which funds bought or sold LEN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
SOLD OFF
-100
-378,000
-
-%
2022-11-23
Toroso Investments, LLC
REDUCED
-0.72
31,000
657,000
0.03%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-12.83
-6,806
70,000
0.04%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-1.54
-242
57,000
0.04%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,814,000
1,814,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
50.11
333,000
903,000
0.03%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
16,000
16,000
-%
2022-11-22
CVA Family Office, LLC
ADDED
82.22
29,000
61,000
0.02%
2022-11-21
FourThought Financial, LLC
UNCHANGED
-
6,000
106,000
0.02%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-2.05
1,072,000
31,911,000
0.05%

1–10 of 47

Latest Funds Activity

Are funds buying LEN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own LEN

Lennar News

Barron's

The Housing Boom Is Over. But Housing Stocks Could Still Be Winners..22 hours ago

LEN Fair Value

Recent SEC filings of Lennar

View All Filings
Date Filed Form Type Document
Nov 21, 2022
8-K
Current Report
Nov 21, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Nov 21, 2022
4
Insider Trading
Oct 04, 2022
10-Q
Quarterly Report
Sep 21, 2022
8-K
Current Report
Sep 01, 2022
4
Insider Trading
Sep 01, 2022
4
Insider Trading
Jonathan M. Jaffe
10800
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.

LEN Income Statement

2022-05-31
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Cost and expenses:    
Corporate general and administrative$ 105,207$ 90,717$ 218,868$ 201,248
Charitable foundation contribution16,54914,49329,08726,807
Total costs and expenses6,506,5285,286,81511,629,6799,761,109
Earnings (loss) before income taxes1,754,8341,096,8852,431,5692,423,899
Provision for income taxes(432,276)(260,113)(599,696)(570,218)
Net earnings (including net earnings attributable to noncontrolling interests)1,322,558836,7721,831,8731,853,681
Less: Net earnings attributable to noncontrolling interests1,8025,4097,53620,949
Net earnings attributable to Lennar1,320,756831,3631,824,3371,832,732
Other comprehensive income (loss), net of tax:    
Net unrealized gain (loss) on securities available-for-sale62316804(626)
Reclassification adjustments for gain included in earnings, net of tax002,2850
Total other comprehensive income (loss), net of tax623163,089(626)
Total comprehensive income attributable to Lennar1,320,818831,6791,827,4261,832,106
Total comprehensive income attributable to noncontrolling interests$ 1,802$ 5,409$ 7,536$ 20,949
Basic earnings per share (in dollars per share)$ 4.50$ 2.66$ 6.17$ 5.86
Diluted earnings per share (in dollars per share)$ 4.49$ 2.65$ 6.16$ 5.85
Operating Segments    
Revenues [Abstract]    
Revenues$ 8,358,696$ 6,430,245$ 14,562,212$ 11,755,713
Corporate and Unallocated    
Cost and expenses:    
Corporate general and administrative105,20790,717218,868201,248
Charitable foundation contribution16,54914,49329,08726,807
Earnings (loss) before income taxes(121,756)(105,210)(247,955)(228,055)
Homebuilding | Operating Segments    
Revenues [Abstract]    
Revenues7,977,9826,028,04113,730,18710,971,097
Cost and expenses:    
Cost and expenses6,105,1534,909,51610,747,0519,027,802
Equity in earnings (loss) from unconsolidated entities, other income (expense), net, and other gain (loss)4,862(1,688)4,576(6,253)
Homebuilding other income (expense), net2,720(4,362)2,5498,613
Earnings (loss) before income taxes1,880,4111,112,4752,990,2611,945,655
Financial Services | Operating Segments    
Revenues [Abstract]    
Revenues200,166218,747376,867462,816
Cost and expenses:    
Cost and expenses96,23197,427182,141195,289
Earnings (loss) before income taxes103,935121,320194,726267,527
Multifamily | Operating Segments    
Revenues [Abstract]    
Revenues176,021177,473443,380308,916
Cost and expenses:    
Cost and expenses175,152168,930438,889299,979
Equity in earnings (loss) from unconsolidated entities, other income (expense), net, and other gain (loss)(201)13,8541,60412,586
Earnings (loss) before income taxes66822,3976,09521,523
Lennar Other | Operating Segments    
Revenues [Abstract]    
Revenues4,5275,98411,77812,884
Cost and expenses:    
Cost and expenses8,2365,73213,6439,984
Equity in earnings (loss) from unconsolidated entities, other income (expense), net, and other gain (loss)(26,750)218,276(36,558)217,229
Lennar Other unrealized gains (losses) from technology investments(77,965)(272,625)(473,135)197,120
Earnings (loss) before income taxes$ (108,424)$ (54,097)$ (511,558)$ 417,249

LEN Balance Sheet

2022-05-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Nov. 30, 2021
Inventories:  
Total assets[1]$ 34,306,202$ 33,207,778
Stockholders' equity:  
Preferred stock[2]00
Additional paid-in capital[2]5,355,1828,807,891
Retained earnings[2]16,288,69814,685,329
Treasury stock at cost[2](76,615)(2,709,448)
Accumulated other comprehensive income (loss)[2]1,748(1,341)
Total stockholders’ equity[2]21,598,25520,816,425
Noncontrolling interests[2]191,519179,857
Total equity[2]21,789,77420,996,282
Total liabilities[2]12,516,42812,211,496
Total liabilities and equity[2]34,306,20233,207,778
Common Class A  
Stockholders' equity:  
Common stock[2]25,58230,050
Common Class B  
Stockholders' equity:  
Common stock[2]3,6603,944
Homebuilding  
ASSETS  
Cash and cash equivalents[1]1,314,7412,735,213
Restricted cash[1]28,44021,927
Receivables, net[1]508,638490,278
Inventories:  
Finished homes and construction in progress[1]12,811,98510,446,139
Land and land under development[1]7,590,2377,108,142
Consolidated inventory not owned[1]1,687,2771,161,023
Total inventories[1]22,089,49918,715,304
Investments in unconsolidated entities[1]1,083,813972,084
Goodwill[1]3,442,3593,442,359
Other assets[1]1,226,1921,090,654
Total assets[1]29,693,68227,467,819
LIABILITIES AND EQUITY  
Accounts payable[2]1,555,2831,321,247
Liabilities related to consolidated inventory not owned[2]1,414,663976,602
Senior notes and other debts payable, net[2]4,645,7914,652,338
Other liabilities[2]2,997,4752,920,055
Stockholders' equity:  
Total liabilities[2]10,613,2129,870,242
Financial Services  
Inventories:  
Total assets[1]2,359,6752,964,367
Stockholders' equity:  
Total liabilities[2]1,470,6881,906,343
Multifamily  
Inventories:  
Total assets[1]1,277,6071,311,747
Stockholders' equity:  
Total liabilities[2]323,799288,930
Lennar Other  
Inventories:  
Total assets[1]975,2381,463,845
Stockholders' equity:  
Total liabilities[2]$ 108,729$ 145,981
[1]Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations ("ASC 810"), the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities ("VIEs") and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations.
As of May 31, 2022, total assets include $1.6 billion related to consolidated VIEs of which $73.9 million is included in Homebuilding cash and cash equivalents, $0.6 million in Homebuilding receivables, net, $37.2 million in Homebuilding finished homes and construction in progress, $837.6 million in Homebuilding land and land under development, $591.2 million in Homebuilding consolidated inventory not owned, $1.0 million in Homebuilding investments in unconsolidated entities, $22.9 million in Homebuilding other assets and $34.7 million in Multifamily assets.
As of November 30, 2021, total assets include $1.1 billion related to consolidated VIEs of which $60.9 million is included in Homebuilding cash and cash equivalents, $4.4 million in Homebuilding receivables, net, $14.3 million in Homebuilding finished homes and construction in progress, $697.1 million in Homebuilding land and land under development, $239.2 million in Homebuilding consolidated inventory not owned, $1.1 million in Homebuilding investments in unconsolidated entities, $17.4 million in Homebuilding other assets and $80.6 million in Multifamily assets.
[2]As of May 31, 2022, total liabilities include $571.2 million related to consolidated VIEs as to which there was no recourse against the Company, of which $24.2 million is included in Homebuilding accounts payable, $507.4 million in Homebuilding liabilities related to consolidated inventory not owned, $29.3 million in Homebuilding senior notes and other debts payable, $7.0 million in Homebuilding other liabilities and $3.4 million in Multifamily liabilities.As of November 30, 2021, total liabilities include $258.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $26.6 million is included in Homebuilding accounts payable, $196.6 million in Homebuilding liabilities related to consolidated inventory not owned, $20.1 million in Homebuilding senior notes and other debt payable, $12.3 million in Homebuilding other liabilities and $2.8 million in Multifamily liabilities.