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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.12
LEN's Cash-to-Debt is ranked lower than
68% of the 746 Companies
in the Global Residential Construction industry.

( Industry Median: 0.35 vs. LEN: 0.12 )
Ranked among companies with meaningful Cash-to-Debt only.
LEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.14 Max: 0.77
Current: 0.12
0.01
0.77
Equity-to-Asset 0.48
LEN's Equity-to-Asset is ranked higher than
53% of the 709 Companies
in the Global Residential Construction industry.

( Industry Median: 0.46 vs. LEN: 0.48 )
Ranked among companies with meaningful Equity-to-Asset only.
LEN' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28  Med: 0.38 Max: 0.5
Current: 0.48
0.28
0.5
Debt-to-Equity 0.83
LEN's Debt-to-Equity is ranked lower than
59% of the 582 Companies
in the Global Residential Construction industry.

( Industry Median: 0.71 vs. LEN: 0.83 )
Ranked among companies with meaningful Debt-to-Equity only.
LEN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45  Med: 0.86 Max: 1.97
Current: 0.83
0.45
1.97
Debt-to-EBITDA 7.45
LEN's Debt-to-EBITDA is ranked lower than
78% of the 554 Companies
in the Global Residential Construction industry.

( Industry Median: 3.96 vs. LEN: 7.45 )
Ranked among companies with meaningful Debt-to-EBITDA only.
LEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.48  Med: 5.81 Max: 23.24
Current: 7.45
-5.48
23.24
Piotroski F-Score: 5
Altman Z-Score: 2.47
Beneish M-Score: -2.63
WACC vs ROIC
7.64%
5.47%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 9.28
LEN's Operating Margin % is ranked higher than
74% of the 754 Companies
in the Global Residential Construction industry.

( Industry Median: 4.34 vs. LEN: 9.28 )
Ranked among companies with meaningful Operating Margin % only.
LEN' s Operating Margin % Range Over the Past 10 Years
Min: -14.75  Med: 9.15 Max: 11.85
Current: 9.28
-14.75
11.85
Net Margin % 6.49
LEN's Net Margin % is ranked higher than
73% of the 754 Companies
in the Global Residential Construction industry.

( Industry Median: 2.33 vs. LEN: 6.49 )
Ranked among companies with meaningful Net Margin % only.
LEN' s Net Margin % Range Over the Past 10 Years
Min: -24.24  Med: 7.25 Max: 16.54
Current: 6.49
-24.24
16.54
ROE % 10.13
LEN's ROE % is ranked higher than
66% of the 708 Companies
in the Global Residential Construction industry.

( Industry Median: 5.32 vs. LEN: 10.13 )
Ranked among companies with meaningful ROE % only.
LEN' s ROE % Range Over the Past 10 Years
Min: -34.42  Med: 11.77 Max: 22.23
Current: 10.13
-34.42
22.23
ROA % 4.62
LEN's ROA % is ranked higher than
69% of the 780 Companies
in the Global Residential Construction industry.

( Industry Median: 2.11 vs. LEN: 4.62 )
Ranked among companies with meaningful ROA % only.
LEN' s ROA % Range Over the Past 10 Years
Min: -13.42  Med: 4.59 Max: 6.96
Current: 4.62
-13.42
6.96
ROC (Joel Greenblatt) % 10.53
LEN's ROC (Joel Greenblatt) % is ranked higher than
53% of the 776 Companies
in the Global Residential Construction industry.

( Industry Median: 9.48 vs. LEN: 10.53 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
LEN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.67  Med: 9.12 Max: 13.18
Current: 10.53
-18.67
13.18
3-Year Revenue Growth Rate 16.90
LEN's 3-Year Revenue Growth Rate is ranked higher than
85% of the 717 Companies
in the Global Residential Construction industry.

( Industry Median: 0.70 vs. LEN: 16.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
LEN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -43.4  Med: 17.4 Max: 29.8
Current: 16.9
-43.4
29.8
3-Year EBITDA Growth Rate 9.70
LEN's 3-Year EBITDA Growth Rate is ranked higher than
59% of the 603 Companies
in the Global Residential Construction industry.

( Industry Median: 5.40 vs. LEN: 9.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
LEN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 16.8 Max: 62
Current: 9.7
0
62
3-Year EPS without NRI Growth Rate 7.20
LEN's 3-Year EPS without NRI Growth Rate is ranked higher than
53% of the 573 Companies
in the Global Residential Construction industry.

( Industry Median: 4.80 vs. LEN: 7.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
LEN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 7.2 Max: 80
Current: 7.2
0
80
GuruFocus has detected 1 Warning Sign with Lennar Corp LEN.
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» LEN's 30-Y Financials

Financials (Next Earnings Date: 2018-10-03)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

LEN Guru Trades in Q3 2017

Andreas Halvorsen 9,511,145 sh (+77.27%)
Ken Heebner 1,090,000 sh (+28.24%)
Murray Stahl 10,558 sh (+1.22%)
Scott Black 45,798 sh (+0.53%)
Ronald Muhlenkamp 8,100 sh (unchged)
David Dreman 8,441 sh (unchged)
Martin Whitman 589,518 sh (unchged)
Ken Fisher Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
Third Avenue Management 2,869,290 sh (-0.03%)
» More
Q4 2017

LEN Guru Trades in Q4 2017

First Pacific Advisors 19,700 sh (New)
Pioneer Investments 165,209 sh (New)
Jim Simons 1,824,800 sh (New)
Ron Baron 390,947 sh (New)
Steven Cohen 401,675 sh (New)
Paul Tudor Jones 60,421 sh (New)
Daniel Loeb 5,300,000 sh (New)
Joel Greenblatt 3,270 sh (New)
Ronald Muhlenkamp 8,100 sh (unchged)
Martin Whitman 589,518 sh (unchged)
Scott Black 42,681 sh (-8.63%)
Third Avenue Management 2,625,452 sh (-10.29%)
Murray Stahl 9,367 sh (-13.02%)
Andreas Halvorsen 7,485,715 sh (-22.84%)
Ken Heebner 795,000 sh (-28.49%)
David Dreman 577 sh (-93.30%)
» More
Q1 2018

LEN Guru Trades in Q1 2018

Mario Gabelli 15,900 sh (New)
Ken Fisher 1,808,496 sh (New)
George Soros 124,111 sh (New)
David Dreman 8,030 sh (+1291.68%)
Steven Cohen 1,266,327 sh (+215.26%)
Joel Greenblatt 4,696 sh (+43.61%)
Pioneer Investments 208,668 sh (+26.31%)
Daniel Loeb 6,275,000 sh (+18.40%)
Murray Stahl 9,656 sh (+3.09%)
Third Avenue Management 2,635,519 sh (+0.38%)
First Pacific Advisors 19,700 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Steven Cohen 350,000 sh (unchged)
Ken Heebner Sold Out
Paul Tudor Jones Sold Out
Scott Black 40,769 sh (-4.48%)
Jim Simons 1,600,433 sh (-12.30%)
Ron Baron 311,809 sh (-20.24%)
Andreas Halvorsen 4,927,067 sh (-34.18%)
Martin Whitman 589,518 sh (-1.96%)
» More
Q2 2018

LEN Guru Trades in Q2 2018

Leon Cooperman 625,000 sh (New)
Caxton Associates 80,000 sh (New)
Joel Greenblatt 8,342 sh (+77.64%)
Mario Gabelli 18,100 sh (+13.84%)
Andreas Halvorsen 5,433,020 sh (+10.27%)
Murray Stahl 10,619 sh (+9.97%)
Steven Cohen 25,000 sh (unchged)
Martin Whitman 589,518 sh (unchged)
George Soros Sold Out
Ron Baron Sold Out
Third Avenue Management 2,627,183 sh (-0.32%)
Scott Black 40,401 sh (-0.90%)
Ken Fisher 1,790,621 sh (-0.99%)
Daniel Loeb 6,000,000 sh (-4.38%)
Pioneer Investments 183,850 sh (-11.89%)
First Pacific Advisors 15,900 sh (-19.29%)
Jim Simons 732,533 sh (-54.23%)
Steven Cohen 453,200 sh (-64.21%)
» More
» Details

Insider Trades

Latest Guru Trades with LEN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2018-06-30 Reduce -0.32%0.02%$49.22 - $64 $ 50.72-6%2,627,183
Ken Fisher 2018-06-30 Reduce -0.99%$49.22 - $64 $ 50.72-6%1,790,621
Leon Cooperman 2018-06-30 New Buy1.14%$49.22 - $64 $ 50.72-6%625,000
Mario Gabelli 2018-06-30 Add 13.84%$49.22 - $64 $ 50.72-6%18,100
Joel Greenblatt 2018-06-30 Add 77.64%$49.22 - $64 $ 50.72-6%8,342
George Soros 2018-06-30 Sold Out 0.14%$49.22 - $64 $ 50.72-6%0
Ron Baron 2018-06-30 Sold Out 0.08%$49.22 - $64 $ 50.72-6%0
Third Avenue Management 2018-03-31 Add 0.38%0.03%$56.58 - $71.82 $ 50.72-19%2,635,519
Ken Fisher 2018-03-31 New Buy0.14%$56.58 - $71.82 $ 50.72-19%1,808,496
Ron Baron 2018-03-31 Reduce -20.24%0.02%$56.58 - $71.82 $ 50.72-19%311,809
George Soros 2018-03-31 New Buy0.14%$56.58 - $71.82 $ 50.72-19%124,111
Mario Gabelli 2018-03-31 New Buy0.01%$56.58 - $71.82 $ 50.72-19%15,900
David Dreman 2018-03-31 Add 1291.68%0.19%$56.58 - $71.82 $ 50.72-19%8,030
Joel Greenblatt 2018-03-31 Add 43.61%$56.58 - $71.82 $ 50.72-19%4,696
Ken Heebner 2018-03-31 Sold Out 2.08%$56.58 - $71.82 $ 50.72-19%0
Martin Whitman 2018-01-31 Reduce -1.96%0.07%$53.55 - $71.82 $ 50.72-20%589,518
Third Avenue Management 2017-12-31 Reduce -10.29%0.7%$51.78 - $64 $ 50.72-13%2,625,452
Ken Heebner 2017-12-31 Reduce -28.49%0.72%$51.78 - $64 $ 50.72-13%795,000
Ron Baron 2017-12-31 New Buy0.11%$51.78 - $64 $ 50.72-13%390,947
Joel Greenblatt 2017-12-31 New Buy$51.78 - $64 $ 50.72-13%3,270
David Dreman 2017-12-31 Reduce -93.30%0.22%$51.78 - $64 $ 50.72-13%577
Third Avenue Management 2017-09-30 Reduce -0.03%$48.89 - $53.53 $ 50.72-1%2,926,676
Ken Heebner 2017-09-30 Add 28.24%0.55%$48.89 - $53.53 $ 50.72-1%1,111,800
Ken Fisher 2017-09-30 Sold Out $48.89 - $53.53 $ 50.72-1%0
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Business Description

Industry: Homebuilding & Construction » Residential Construction    NAICS: 236115    SIC: 6513
Compare:NYSE:DHI, TSE:1928, LSE:PSN, NYSE:NVR, LSE:TW., NYSE:PHM, TSE:4204, LSE:BDEV, LSE:BKG, NYSE:TOL, LSE:BWY, TSE:1808, LSE:RDW, TSE:1911, NYSE:TMHC, NYSE:TPH, NYSE:KBH, LSE:BVS, TSE:4681, BSP:MRVE3 » details
Traded in other countries:LNN.Germany, LEN.Mexico,
Headquarter Location:USA
Lennar Corp is a homebuilding service provider. Its operations include the construction and sale of single-family attached and detached homes, and to a lesser extent multi-level residential buildings.

After merging with CalAtlantic in February 2018, Lennar could become the largest homebuilder in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers under the Lennar brand name. Lennar's financial services segment provides mortgage financing and related services to its homebuyers and third parties. Miami-based Lennar is also involved in ancillary multifamily construction, real estate investment, and asset management (Rialto), and master-planned community development (FivePoint) operations.

Guru Investment Theses on Lennar Corp

Daniel Loeb Comments on Lennar - May 07, 2018

Lennar (NYSE:LEN)

We have long considered Lennar, which is led by Executive Chairman Stuart Miller, the best homebuilder managed by the best team of industry veterans. We initiated our investment shortly after Lennar announced its acquisition of its peer, CalAtlantic. The local market scale created through this transaction will unlock several opportunities to improve unit economics, returns on capital, and accelerate cash flow generation. Management is already ahead of their plans to eliminate duplicative expenses, renegotiate contracts to lower construction costs, and improve production efficiency and sales velocity. Lennar is also ahead of its peers in investing in technology and capabilities to greatly reduce customer acquisition costs, expand financial services, and lower commission rates.

Early in the cycle, Lennar made smart investments in ancillary businesses, many of which do not contribute to earnings and are not valued by investors. As these businesses are monetized and result in several billion dollars of proceeds, Lennar’s low valuation will become apparent. Taking into consideration Lennar’s strong integration execution and housing industry fundamentals that support several more years of a positive cycle, we believe buying Lennar’s core homebuilding operation at close to 6x pro forma earnings is a bargain.



From Daniel Loeb (Trades, Portfolio)'s first quarter 2018 shareholder commentary.

Check out Daniel Loeb latest stock trades

Third Avenue Management Comments on Lennar - Feb 01, 2017

We initiated Lennar (NYSE:LEN) in October, and thus wrote up our comments in our prior shareholder letter, but due to the shift in our letter cadence, we are republishing our thoughts from our initial purchase.

Marty Whitman said in October 1996: "Given Third Avenue's investment criteria, it is more accurate to view the situation as the industry selecting the Fund, rather than Third Avenue choosing the industries in which to invest' We think this quote superbly describes the opportunity the Value Fund saw in establishing a position in Lennar Corporation common in the quarter, as the shares sold off somewhat inexplicably from nearly $50 per share at their recent peak and allowed us to establish a position at just over $41.

We have followed Lennar for years as the Real Estate team reviewed the position at our weekly research meetings, and think the investment case has only improved on a fundamental level despite the widening valuation discount in the shares. Lennar meets every tenant of our investment philosophy.

The balance sheet is strong and improving. Homebuilding net debt to total capital has fallen to 33% as of FY4Q16. Much of this improvement is the result of management's soft pivot land strategy, which is reducing the duration of its owned land bank and converting its undervalued balance sheet assets into cash.

From a compounding point of view, Lennar continues to build value through developing its land bank into saleable housing units, and by monetizing further transaction values through its mortgage origination and title insurance offerings to its home buyers. Notably, we are pleased and supportive of Lennar's offer to acquire WCIC Communities (WCIC), a top holding of the Third Avenue Small-Cap Value Fund, as Miami-based Lennar knows WCIC's 100% based Florida assets intimately. Lennar not only sees compelling opportunities to monetize WCIC's over 14,000 homesites, but also synergy opportunities from management and supplier overlap. Further, in our opinion, Lennar negotiated an extremely good price for WCIC, which, when considering the value of WCIC's brokerage operation and the hidden value of WCIC's owned coastal tower pads, will likely bring tremendous value as Lennar has a strong balance sheet to move construction of these assets forward.

Lennar's resource conversion outlook is compelling, with management likely to monetize its non-homebuilding investments in FivePoint and Rialto over the next 12-18 months through sales or spin-outs, and then over time, potentially further monetize its Multi-Family and even its Financial Services divisions through sales or partnerships. The value creation of Rialto, its 3rd party asset-light asset management unit with over $7.3 billion in AUM, and of FivePoint, its development and management company with over 40,000 homesites and 20 million square feet of commercial real estate assets in highly coveted California markets are, in our opinion, completely overlooked by the markets from a net asset value perspective, as their income statement impact today belies their true value to Lennar despite being worth more than 25% of the underlying value.

Perhaps Lennar's most exciting aspect is the strength of the investment case and current undervaluation taken without the likely strong tailwind of an improving housing cycle. At our Value Conference we talked about taking advantage of optically poor headlines, and Lennar is a real-time example. We think some of the weakness in Lennar shares in October was due to a weak single family home starts number for September, down 9.5%. The noise of monthly home start numbers do not impact the long-term value we see in Lerman While Lennar's sales and earnings are likely to strengthen as the single family construction cycle continues to recover from an extended cyclical low looking back to 2007, we see this as icing on the cake of our strong investment case. At our cost of just over $41 per share, we see over 25% upside to our estimate of fair trading value of $53 per share, and longer term potential for shares to trade to over $66 per share if the single family cycle gains steam. trade to over $66 per share if the single family cycle gains steam.

From Third Avenue Management (Trades, Portfolio)'s fourth calendar quarter 2016 shareholder letter.

Check out Third Avenue Management,Martin Whitman latest stock trades

Third Avenue Comments on Lennar - Dec 13, 2016

At our Value Conference, our colleagues on the Real Estate team revisited one of Marty Whitman's quotes from October 1996: "Given Third Avenue's investment criteria, it is more accurate to view the situation as the industry selecting the Fund, rather than Third Avenue choosing the industries in which to invest!' We think this quote superbly describes the opportunity the Value Fund saw in establishing a position in Lennar Corporation common in the quarter, as the shares somewhat inexplicably sold off from nearly $50 at their recent peak and allowed us to establish a position at just over $41 per share.

We have followed Lennar (NYSE:LEN) for years as the Real Estate team reviewed the position at our weekly research meetings, and think the investment case has only improved on a fundamental level despite the widening valuation discount in the shares. Lennar meets every tenant of our investment philosophy.

The balance sheet is strong and improving. Net debt to total capital has fallen 5.3% since year-end 2011 to 45.8% as of 3Q16, and net debt to total assets is not challenging at 37%. Much of this improvement is the result of management's soft pivot land strategy, which is reducing the duration of its owned land bank and converting its undervalued balance sheet assets into cash. This balance sheet improvement should continue as Lennar's $400 million redeemable convertible debt matures in November 2016, which should further reduce balance sheet leverage by 200 basis points.

From a compounding point of view, Lennar continues to build value through developing its land bank into saleable housing units, and by monetizing further transaction values through its mortgage origination and title insurance offerings to its home buyers. Notably, we are pleased and supportive of Lennar's offer to acquire WCIC Communities (NYSE:WCIC), a top holding of the Third Avenue Small-Cap Value Fund, as Miami-based Lennar knows WCIC's 100% based Florida assets intimately. Lennar not only sees compelling opportunities to monetize WCIC's over 14,000 homesites, but also synergy opportunities from management and supplier overlap. Further, in our opinion, Lennar negotiated an extremely good price for WCIC, which when considering the value of WCIC's brokerage operation and the hidden value of WCIC's owned coastal tower pads, will likely bring tremendous value as Lennar has a strong balance sheet to move construction of these assets forward.

Lennar's resource conversion outlook is compelling, with management likely to monetize its non-homebuilding investments in FivePoint and Rialto over the next 12-18 months through sales or spin-outs, and then over time, potentially further monetize its Multi-Family and even its Financial Services divisions through sales or partnerships. The value creation of Rialto, its 3rd party asset-light asset management unit with over $7.3 billion in AUM, and of FivePoint, its development and management company with over 40,000 homesites and 20 million square feet of commercial real estate assets in highly coveted California markets are, in our opinion, completely overlooked by the markets from a net asset value perspective, as their income statement impact today belies their true value to Lennar despite being worth more than 25% of the underlying value.

Perhaps Lennar's most exciting aspect is the strength of the investment case and current undervaluation taken without the likely strong tailwind of an improving housing cycle. At our Value Conference we talked about taking advantage of optically poor headlines, and Lennar is another real-time example. We think some of the weakness in Lennar shares in October was due to a weak single family home starts number for September, down 9.5%. The noise of monthly home start numbers do not impact the long-term value we see in Lerman While Lennar's sales and earnings are likely to strengthen as the single family construction cycle continues to recover from an extended cyclical low looking back to 2007, we see this as icing on the cake of our strong investment case. At our cost of just over $41 per share, we see over 25% upside to our estimate of fair trading value of $53, and longer term potential for shares to trade to over $66 per share if the single family cycle gains steam.



From Third Avenue Management (Trades, Portfolio)'s Value Fund fourth quarter commentary.

Check out Third Avenue Management latest stock trades

Top Ranked Articles about Lennar Corp

Lennar Corporation's Third Quarter Earnings Conference Call To Be Broadcast Live On The Internet
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Investment Humility and Economic Recovery We would argue that this recovery really started two years ago, when homebuilding began to positively impact economic growth
We make every effort to understand the way investors go to extremes over what we call the “well-known fact” in the stock market. A “well-known fact” is a body of economic information which is known to virtually everyone in the marketplace and has been acted on by anyone with capital. Over the last few months, several analysts’ reports and news articles touched on just how much the glam tech stocks have added to the S&P 500. Always the contrarians, we take these moments to look around at what’s happening now and to the past for guidance on how to proceed. Read more...
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Third Avenue Boosts Five Point Holdings, Warrior Met Coal Positions Firm's largest buys of the 2nd quarter
Founded by legendary value investor Martin Whitman (Trades, Portfolio), Third Avenue Management (Trades, Portfolio) manages mutual funds, separate accounts and hedge funds. The following trades are its largest buys of the second quarter. Read more...

Ratios

vs
industry
vs
history
PE Ratio 13.35
LEN's PE Ratio is ranked higher than
54% of the 539 Companies
in the Global Residential Construction industry.

( Industry Median: 14.87 vs. LEN: 13.35 )
Ranked among companies with meaningful PE Ratio only.
LEN' s PE Ratio Range Over the Past 10 Years
Min: 10.42  Med: 15.79 Max: 69.28
Current: 13.35
10.42
69.28
Forward PE Ratio 7.25
LEN's Forward PE Ratio is ranked higher than
75% of the 53 Companies
in the Global Residential Construction industry.

( Industry Median: 9.24 vs. LEN: 7.25 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 13.35
LEN's PE Ratio without NRI is ranked higher than
54% of the 536 Companies
in the Global Residential Construction industry.

( Industry Median: 14.90 vs. LEN: 13.35 )
Ranked among companies with meaningful PE Ratio without NRI only.
LEN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 10.42  Med: 15.79 Max: 69.28
Current: 13.35
10.42
69.28
Price-to-Owner-Earnings 15.01
LEN's Price-to-Owner-Earnings is ranked higher than
52% of the 238 Companies
in the Global Residential Construction industry.

( Industry Median: 18.00 vs. LEN: 15.01 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
LEN' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.06  Med: 20.33 Max: 44.25
Current: 15.01
1.06
44.25
PB Ratio 1.23
LEN's PB Ratio is ranked lower than
59% of the 701 Companies
in the Global Residential Construction industry.

( Industry Median: 1.03 vs. LEN: 1.23 )
Ranked among companies with meaningful PB Ratio only.
LEN' s PB Ratio Range Over the Past 10 Years
Min: 0.22  Med: 1.56 Max: 2.37
Current: 1.23
0.22
2.37
PS Ratio 0.87
LEN's PS Ratio is ranked lower than
58% of the 733 Companies
in the Global Residential Construction industry.

( Industry Median: 0.72 vs. LEN: 0.87 )
Ranked among companies with meaningful PS Ratio only.
LEN' s PS Ratio Range Over the Past 10 Years
Min: 0.13  Med: 1.08 Max: 2.3
Current: 0.87
0.13
2.3
Price-to-Free-Cash-Flow 11.63
LEN's Price-to-Free-Cash-Flow is ranked higher than
51% of the 174 Companies
in the Global Residential Construction industry.

( Industry Median: 12.36 vs. LEN: 11.63 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
LEN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.52  Med: 11.83 Max: 1174.5
Current: 11.63
0.52
1174.5
Price-to-Operating-Cash-Flow 10.46
LEN's Price-to-Operating-Cash-Flow is ranked higher than
51% of the 259 Companies
in the Global Residential Construction industry.

( Industry Median: 11.02 vs. LEN: 10.46 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
LEN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.52  Med: 11.1 Max: 882.38
Current: 10.46
0.52
882.38
EV-to-EBIT 18.37
LEN's EV-to-EBIT is ranked lower than
70% of the 586 Companies
in the Global Residential Construction industry.

( Industry Median: 12.00 vs. LEN: 18.37 )
Ranked among companies with meaningful EV-to-EBIT only.
LEN' s EV-to-EBIT Range Over the Past 10 Years
Min: -37  Med: 15.4 Max: 62.4
Current: 18.37
-37
62.4
EV-to-EBITDA 17.42
LEN's EV-to-EBITDA is ranked lower than
75% of the 629 Companies
in the Global Residential Construction industry.

( Industry Median: 9.73 vs. LEN: 17.42 )
Ranked among companies with meaningful EV-to-EBITDA only.
LEN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -40.7  Med: 14.8 Max: 53.9
Current: 17.42
-40.7
53.9
EV-to-Revenue 1.71
LEN's EV-to-Revenue is ranked lower than
70% of the 741 Companies
in the Global Residential Construction industry.

( Industry Median: 1.09 vs. LEN: 1.71 )
Ranked among companies with meaningful EV-to-Revenue only.
LEN' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.4  Med: 1.9 Max: 3.5
Current: 1.71
0.4
3.5
PEG Ratio 0.50
LEN's PEG Ratio is ranked higher than
73% of the 263 Companies
in the Global Residential Construction industry.

( Industry Median: 1.06 vs. LEN: 0.50 )
Ranked among companies with meaningful PEG Ratio only.
LEN' s PEG Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.34 Max: 0.89
Current: 0.5
0.23
0.89
Shiller PE Ratio 39.76
LEN's Shiller PE Ratio is ranked lower than
73% of the 143 Companies
in the Global Residential Construction industry.

( Industry Median: 22.98 vs. LEN: 39.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
LEN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.9  Med: 27.95 Max: 536.25
Current: 39.76
2.9
536.25
Current Ratio 15.27
LEN's Current Ratio is ranked higher than
95% of the 753 Companies
in the Global Residential Construction industry.

( Industry Median: 1.56 vs. LEN: 15.27 )
Ranked among companies with meaningful Current Ratio only.
LEN' s Current Ratio Range Over the Past 10 Years
Min: 1.63  Med: 5.51 Max: 28.04
Current: 15.27
1.63
28.04
Quick Ratio 2.39
LEN's Quick Ratio is ranked higher than
81% of the 753 Companies
in the Global Residential Construction industry.

( Industry Median: 0.97 vs. LEN: 2.39 )
Ranked among companies with meaningful Quick Ratio only.
LEN' s Quick Ratio Range Over the Past 10 Years
Min: 0.16  Med: 0.95 Max: 6.16
Current: 2.39
0.16
6.16
Days Inventory 357.03
LEN's Days Inventory is ranked lower than
92% of the 698 Companies
in the Global Residential Construction industry.

( Industry Median: 84.01 vs. LEN: 357.03 )
Ranked among companies with meaningful Days Inventory only.
LEN' s Days Inventory Range Over the Past 10 Years
Min: 331.83  Med: 404.51 Max: 537.43
Current: 357.03
331.83
537.43
Days Sales Outstanding 4.57
LEN's Days Sales Outstanding is ranked higher than
94% of the 715 Companies
in the Global Residential Construction industry.

( Industry Median: 53.30 vs. LEN: 4.57 )
Ranked among companies with meaningful Days Sales Outstanding only.
LEN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.48  Med: 6.06 Max: 9.3
Current: 4.57
1.48
9.3
Days Payable 26.32
LEN's Days Payable is ranked lower than
73% of the 705 Companies
in the Global Residential Construction industry.

( Industry Median: 48.60 vs. LEN: 26.32 )
Ranked among companies with meaningful Days Payable only.
LEN' s Days Payable Range Over the Past 10 Years
Min: 17.88  Med: 22.52 Max: 26.32
Current: 26.32
17.88
26.32

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.31
LEN's Dividend Yield % is ranked lower than
95% of the 566 Companies
in the Global Residential Construction industry.

( Industry Median: 2.18 vs. LEN: 0.31 )
Ranked among companies with meaningful Dividend Yield % only.
LEN' s Dividend Yield % Range Over the Past 10 Years
Min: 0.22  Med: 0.43 Max: 14.29
Current: 0.31
0.22
14.29
Dividend Payout Ratio 0.04
LEN's Dividend Payout Ratio is ranked higher than
98% of the 339 Companies
in the Global Residential Construction industry.

( Industry Median: 0.29 vs. LEN: 0.04 )
Ranked among companies with meaningful Dividend Payout Ratio only.
LEN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04  Med: 0.05 Max: 0.33
Current: 0.04
0.04
0.33
Forward Dividend Yield % 0.32
LEN's Forward Dividend Yield % is ranked lower than
96% of the 532 Companies
in the Global Residential Construction industry.

( Industry Median: 2.62 vs. LEN: 0.32 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.31
LEN's 5-Year Yield-on-Cost % is ranked lower than
94% of the 566 Companies
in the Global Residential Construction industry.

( Industry Median: 3.06 vs. LEN: 0.31 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
LEN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.22  Med: 0.43 Max: 14.29
Current: 0.31
0.22
14.29
3-Year Average Share Buyback Ratio -4.70
LEN's 3-Year Average Share Buyback Ratio is ranked lower than
60% of the 287 Companies
in the Global Residential Construction industry.

( Industry Median: -1.60 vs. LEN: -4.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
LEN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -17.5  Med: -4.7 Max: -0.1
Current: -4.7
-17.5
-0.1

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 2.80
LEN's Price-to-Net-Current-Asset-Value is ranked lower than
51% of the 403 Companies
in the Global Residential Construction industry.

( Industry Median: 2.80 vs. LEN: 2.80 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
LEN' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.72  Med: 3.62 Max: 24.34
Current: 2.8
0.72
24.34
Price-to-Tangible-Book 1.68
LEN's Price-to-Tangible-Book is ranked lower than
70% of the 696 Companies
in the Global Residential Construction industry.

( Industry Median: 1.08 vs. LEN: 1.68 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
LEN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.4  Med: 1.62 Max: 2.96
Current: 1.68
0.4
2.96
Price-to-Intrinsic-Value-Projected-FCF 2.01
LEN's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
79% of the 284 Companies
in the Global Residential Construction industry.

( Industry Median: 1.09 vs. LEN: 2.01 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
LEN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.14  Med: 1.38 Max: 66.16
Current: 2.01
0.14
66.16
Price-to-Median-PS-Value 0.81
LEN's Price-to-Median-PS-Value is ranked higher than
70% of the 685 Companies
in the Global Residential Construction industry.

( Industry Median: 1.06 vs. LEN: 0.81 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
LEN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.23  Med: 0.6 Max: 1.88
Current: 0.81
0.23
1.88
Price-to-Peter-Lynch-Fair-Value 0.82
LEN's Price-to-Peter-Lynch-Fair-Value is ranked lower than
52% of the 152 Companies
in the Global Residential Construction industry.

( Industry Median: 0.80 vs. LEN: 0.82 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
LEN' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.21  Med: 0.5 Max: 4.53
Current: 0.82
0.21
4.53
Price-to-Graham-Number 1.00
LEN's Price-to-Graham-Number is ranked lower than
59% of the 494 Companies
in the Global Residential Construction industry.

( Industry Median: 9999.00 vs. LEN: 1.00 )
Ranked among companies with meaningful Price-to-Graham-Number only.
LEN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.31  Med: 0.92 Max: 2.89
Current: 1
0.31
2.89
Earnings Yield (Greenblatt) % 5.44
LEN's Earnings Yield (Greenblatt) % is ranked lower than
53% of the 778 Companies
in the Global Residential Construction industry.

( Industry Median: 6.07 vs. LEN: 5.44 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
LEN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -73.7  Med: 3.3 Max: 8.7
Current: 5.44
-73.7
8.7
Forward Rate of Return (Yacktman) % 15.21
LEN's Forward Rate of Return (Yacktman) % is ranked higher than
73% of the 405 Companies
in the Global Residential Construction industry.

( Industry Median: 5.56 vs. LEN: 15.21 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
LEN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -4.8  Med: 12.7 Max: 33.8
Current: 15.21
-4.8
33.8

More Statistics

Revenue (TTM) (Mil) $15,486.90
EPS (TTM) $ 3.80
Beta1.32
Volatility22.97%
52-Week Range $48.71 - 72.17
Shares Outstanding (Mil)329.48

Analyst Estimate

Nov18 Nov19 Nov20
Revenue (Mil $) 20,865 24,435 25,588
EBIT (Mil $) 2,346 3,390 3,453
EBITDA (Mil $) 2,438 3,475 3,513
EPS ($) 5.49 7.18 8.70
EPS without NRI ($) 5.49 7.18 8.70
EPS Growth Rate
(Future 3Y To 5Y Estimate)
29.15%
Dividends per Share ($) 0.16 0.16 0.16

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

Personalized Checklist

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