10 Year Financial Data of Lennar Corporation (LEN)

43.18 (1y: +60%)

Market Cap	8.14 B	P/E(ttm)	13.20
Enterprise Value	11.87 B	P/B	2.50

LEN- NYSE (USA)
Lennar Corporation

Currently 1/5

Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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$43.18

3 Severe Warning Signs 3 Medium Warning Signs

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Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	-18.5	-8.8	25.2
EBITDA Growth (%)	0	0	150
Free Cash Flow Growth (%)	0	0	0
Book Value Growth (%)	-8	-8	43.3

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

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See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	TTM	Feb12	May12	Aug12	Nov12	Feb13

Revenue per Share ($)	55.13	63.32	84.22	101	64.60	28.88	16.87	16.28	15.86	18.77	20.49	3.39	4.27	5.01	6.04	5.17
EBITDA per Share	7.30	8.70	12.90	5.92	-16.29	-2.57	-2.38	0.73	0.64	1.60	1.85	0.13	0.34	0.44	0.68	0.39
Free Cashflow per Share	3.48	1.48	1.83	3.28	2.82	6.95	2.28	1.43	-1.38	-1.95	-3.02	-0.62	-0.37	-1.27	0.30	-1.68
Earnings per Share ($)	4.65	5.70	8.23	3.69	-12.31	-7.00	-2.45	0.51	0.48	3.11	3.28	0.08	2.06	0.40	0.56	0.26
Dividends Per Share	0.14	0.51	0.57	0.64	0.64	0.52	0.16	0.16	0.16	0.16	0.16	0.04	0.04	0.04	0.04	0.04
Book Value per Share	20.20	24.43	31.89	35.43	24.24	16.56	13.22	13.81	13.81	15.61	18.24	12.73	14.57	14.90	15.29	18.24
Month End Stock Price	48.95	44.93	57.68	52.50	15.84	7.11	12.67	15.19	18.41	38.04	38.59	23.38	27.29	32.43	38.04	38.59
Ratios	Annuals											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Latest Q.	Feb12	May12	Aug12	Nov12	Feb13

Return on Equity %	23.00	23.30	25.80	10.40	-50.80	-42.30	-17.10	3.70	3.40	19.90	6.40	2.00	56.80	10.80	14.40	6.40
Return on Assets %	11.10	10.30	10.80	4.80	-21.30	-14.90	-5.70	1.10	1.00	6.60	2.40	0.80	19.20	3.60	4.80	2.40
Return on Capital - Joel Greenblatt %	41.20	39.50	28.00	11.40	-56.20	-9.50	-11.90	2.40	1.90	5.70	4.80	1.60	5.20	6.00	10.40	4.80
Debt to Equity	0.48	0.50	0.49	0.66	0.74	0.97	1.13	1.49	1.54	1.35	1.37	1.50	1.29	1.31	1.35	1.37

Gross Margin %	13.60	14.40	16.10	6.70	-24.10	-6.80	-10.90	7.10	6.40	11.00	10.10	6.50	10.50	11.00	13.60	10.10
Operating Margin %	12.40	13.00	14.70	5.50	-25.80	-9.60	-14.80	4.00	3.40	7.80	6.90	2.80	7.30	8.10	10.70	6.90
Net Margin %	8.40	9.00	9.80	3.70	-19.10	-24.20	-13.40	3.10	3.00	16.50	5.80	2.10	48.70	7.90	9.20	5.80

Days Sales Outstanding	2.50	5.30	7.90	17.80	17.50	27.90	53.40	155	90.50	43.60	42.70	87.60	61.00	44.90	33.10	42.70
Days Inventory	174	209	247	188	130	336	431	533	550	507	574	626	525	468	396	574
Inventory Turnover	2.10	1.70	1.50	1.90	2.80	1.10	0.80	0.70	0.70	0.70	0.20	0.10	0.20	0.20	0.20	0.20

Debt to Revenue	0.17	0.19	0.19	0.23	0.28	0.56	0.89	1.27	1.34	1.12	4.84	5.64	4.39	3.90	3.41	4.84
COGS to Revenue	0.86	0.86	0.84	0.93	1.24	1.07	1.11	0.93	0.94	0.89	0.90	0.94	0.90	0.89	0.86	0.90
Inventory to Revenue	0.41	0.49	0.57	0.48	0.44	0.98	1.31	1.36	1.41	1.24	5.67	6.44	5.16	4.58	3.76	5.67
Interest Exp. to Revenue %	--	--	--	--	--	--	-1.34	-2.29	-2.93	-2.30	-2.63	-3.43	-2.56	-2.06	-1.71	-2.63

Asset Turnover	1.32	1.15	1.11	1.31	1.12	0.62	0.43	0.35	0.34	0.40	0.10	0.08	0.10	0.11	0.13	0.10
Buyback Ratio	-2.40	-1.50	-2.80	-5.20	1.10	--	53.10	-1.90	-6.00	-4.90	-38.00	-135	-0.30	-6.00	-12.80	-38.00
Dividend Payout Ratio	0.03	0.09	0.07	0.17	--	--	--	0.32	0.34	0.05	0.13	0.57	0.02	0.10	0.07	0.13
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	TTM	Feb12	May12	Aug12	Nov12	Feb13

Revenue	8,908	10,505	13,867	16,267	10,187	4,575	3,119	3,074	3,095	4,105	4,370	725	930	1,100	1,350	990
Cost of Goods Sold	7,693	8,993	11,635	15,171	12,639	4,885	3,460	2,856	2,896	3,655	3,867	678	833	978	1,166	890
Gross Profit	1,215	1,512	2,232	1,095	-2,453	-310	-340	218	199	450	502	46.78	97.50	121	184	99.72

Selling, General, &Admin. Expense	111	142	187	193	173	130	120	93.93	95.26	127	132	26.84	29.17	32.29	39.04	31.27
Earnings Before DDA	1,179	1,443	2,124	952	-2,569	-407	-440	138	125	350	397	27.56	73.19	97.08	152	74.79

Depreciation, Depletion and Amortization	75.91	73.29	79.56	50.01	56.76	32.40	19.91	13.52	21.50	28.08	26.78	7.63	4.86	7.88	7.71	6.33

Operating Income	1,103	1,370	2,044	902	-2,626	-440	-460	124	104	322	371	19.93	68.33	89.20	145	68.45
Interest Income/Expense	--	--	--	--	--	--	-41.94	-70.43	-90.65	-94.35	-95.54	-24.85	-23.80	-22.66	-23.04	-26.03
Net Income	751	946	1,355	594	-1,941	-1,109	-417	95.26	92.20	679	722	14.97	453	87.11	124	57.49

Earnings per Share ($)	4.65	5.70	8.23	3.69	-12.31	-7.00	-2.45	0.51	0.48	3.11	3.28	0.08	2.06	0.40	0.56	0.26
Total Shares Outstanding	162	166	165	161	158	158	185	189	195	219	192	214	218	220	223	192
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Latest Q.	Feb12	May12	Aug12	Nov12	Feb13

Cash and cash equivalents	1,201	1,322	910	778	795	1,091	1,331	1,284	1,108	1,252	1,177	866	760	1,335	1,252	1,177
Accounts Receivable	60.39	153	299	792	488	350	456	1,302	767	490	464	698	623	543	490	464
Inventory	3,656	5,142	7,864	7,831	4,500	4,500	4,088	4,170	4,361	5,072	5,612	4,668	4,799	5,036	5,072	5,612
Other Current Assets	--	0.00	22.68	24.80	35.43	8.83	9.22	718	228	8.10	8.09	119	147	1,106	8.10	8.09
Total Current Assets	4,918	6,618	9,095	9,427	5,819	5,950	5,884	7,473	6,464	6,822	7,261	6,351	6,330	8,020	6,822	7,261

Property, Plant and Equipment	--	--	--	42.88	23.92	--	--	--	319	314	--	--	--	--	314	--
Intangible Assets	--	--	195	258	61.22	--	--	--	--	34.05	34.05	34.05	34.05	34.05	34.05	34.05
Other Long Term Assets	1,858	2,547	3,251	2,681	3,198	1,475	1,430	1,315	2,371	3,192	3,137	2,483	2,987	1,664	3,192	3,137
Total Assets	6,775	9,165	12,541	12,408	9,103	7,425	7,315	8,788	9,155	10,362	10,432	8,867	9,351	9,719	10,362	10,432

Accounts Payable	1,041	1,830	877	751	376	247	170	168	201	221	230	170	155	170	221	230
Current Portion of Long-Term Debt	--	--	--	--	--	281	--	771	796	601	285	612	613	614	601	285
Other Current Liabilities	--	--	--	--	--	-0.00	518	832	--	0.00	0.00	--	--	612	0.00	0.00
Total Current Liabilities	1,041	1,830	877	751	376	528	688	1,771	997	821	515	782	767	1,396	821	515

Long-Term Debt	1,552	2,021	2,593	3,763	2,837	2,264	2,761	3,128	3,363	4,005	4,506	3,473	3,470	3,672	4,005	4,506
Other Long-Term Liabilities	918	1,261	3,820	2,193	2,068	2,010	1,422	1,280	2,098	2,121	1,916	1,889	1,937	1,379	2,121	1,916
Total Liabilities	3,512	5,112	7,290	6,707	5,281	4,802	4,871	6,179	6,458	6,947	6,936	6,145	6,174	6,447	6,947	6,936

Common Stock	15.78	15.63	16.30	16.98	17.23	17.35	19.81	20.00	20.21	20.54	20.57	20.25	20.27	20.42	20.54	20.57
Retained Earnings	1,915	2,781	4,047	4,539	2,497	1,273	828	894	956	1,605	1,655	964	1,409	1,488	1,605	1,655
Additional Paid-In Capital	1,358	1,278	1,526	1,754	1,920	1,945	2,209	2,310	2,341	2,422	2,436	2,354	2,364	2,379	2,422	2,436
Treasury Stock	--	-3.94	-293	-606	-610	-612	-614	-615	-621	-633	-616	-616	-616	-616	-633	-616
Total Equity	3,264	4,053	5,251	5,701	3,822	2,623	2,443	2,609	2,696	3,415	3,496	2,723	3,177	3,272	3,415	3,496
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	TTM	Feb12	May12	Aug12	Nov12	Feb13

Net Income	751	946	1,344	594	-1,941	-1,109	-417	120	113	657	706	7.98	454	71.41	124	56.96
Depreciation, Depletion and Amortization	75.91	73.29	79.56	50.01	56.76	32.40	19.91	13.52	21.50	28.08	26.78	7.63	4.86	7.88	7.71	6.33
Cash Flow from Others	-247	-746	-1,101	-89.23	2,329	2,178	818	140	-393	-1,110	-1,347	-148	-541	-356	-65.37	-385
Cash Flow from Operations	581	273	323	555	445	1,101	421	274	-259	-425	-614	-132	-81.36	-277	65.86	-321

Investment for Property, Plant & Equipement	-18.85	-27.39	-21.75	-26.78	--	--	--	-5.06	-9.94	-2.82	-2.82	--	--	-3.20	0.38	--
Cash Flow from Acquisitions	-159	-106	-416	-33.21	--	--	24.12	-155	--	--	17.46	--	--	26.54	-26.54	17.46
Cash Flow from Investing	-118	-438	-1,004	-406	307	-266	-275	-673	-136	245	349	157	21.49	62.75	4.34	260

Net Issuance of Stock	17.15	-99.05	-251	-292	17.62	-1.53	220	0.43	1.03	15.03	25.93	10.76	1.31	4.25	-1.30	21.67
Net Issuance of Debt	36.66	501	698	28.44	-1,064	-444	-42.71	413	243	389	646	-263	-15.88	267	401	-6.02
Cash Flow for Dividends	-22.71	-79.95	-89.23	-101	-101	-83.49	-27.59	-29.58	-37.04	-30.87	-43.98	-7.17	-7.96	-7.62	-8.12	-20.28
Other Financing	0.00	-0.00	-33.18	-64.25	413	103	-41.28	-48.48	-42.58	-47.04	-43.93	-5.66	-11.12	-34.14	3.88	-2.55
Cash Flow from Financing	31.11	322	324	-429	-735	-427	108	336	165	326	584	-265	-33.65	230	395	-7.18

Net Change in Cash	494	157	-356	-281	16.88	408	254	-63.30	-231	147	319	-241	-93.52	15.78	466	-68.63

Free Cash Flow	562	245	301	528	445	1,101	421	269	-269	-427	-617	-132	-81.36	-280	66.24	-321
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Latest Q.	Feb12	May12	Aug12	Nov12	Feb13

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Nov03	Nov04	Nov05	Nov06	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Latest Q.	Feb12	May12	Aug12	Nov12	Feb13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

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LEN Quarterly/Annuals Reports

LEN: 10-Q - LENNAR CORP /NEW/ (0000920760) (Filer): (10-Q) - 2012-10-10
LEN: 10-Q - LENNAR CORP /NEW/ (0000920760) (Filer): (10-Q) - 2012-07-10
LEN: 10-Q - LENNAR CORP /NEW/ (0000920760) (Filer): (10-Q) - 2012-04-09
LEN: 10-K - LENNAR CORP /NEW/ (0000920760) (Filer): (10-K) - 2012-01-30
LEN: 10-Q - LENNAR CORP /NEW/ (0000920760) (Filer): (10-Q) - 2011-10-11

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