Added to YB: 2026-10-16
Pitch date: 2026-10-14
LEN [bullish]
Lennar Corporation
+2.46%
current return
Author Info
No bio for this author
Company Info
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.
Market Cap
$17.8B
Pitch Price
$75.83
Price Target
N/A
Dividend
2.67%
EV/EBITDA
10.02
P/E
14.12
EV/Sales
0.72
Sector
Household Durables
Category
value
Lennar: The Misstep Is Temporary, the Operating Machine Is Not
LEN: Lennar’s faster, lower-cost building machine is intact, but rising land carry has kept home-sale gross margin at 15.8%, below the ~17% needed to earn its cost of capital. At $74.92, shares sit well below the $130.67 median DCF value at 10%, which excludes bust costs beyond the forecast; recovery depends on falling incentives restoring margin despite land-bank fees, with further downside if write-offs rise, deliveries fall or debt-funded buybacks continue.
Read full article (11 min)