Lennar posted mixed fiscal third-quarter results, as volume and pricing declined over 3% year over year but remained flattish sequentially. Earnings per share came in at $1.23 after excluding losses on investments and other one-time items.
The US housing market is undersupplied. This supply/demand imbalance will take years to address and should support ongoing pricing power for homebuilders.
Higher-for-longer interest rates, lofty home prices, and economic uncertainty could stifle demand. Muted demand, along with elevated new homes inventory, can pressure margins.
|
Metric
|
LEN
|
TOL
|
INVH
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.55 | 9.56 | 44.76 |
Price/Book Value | 0.92 | 1.48 | 1.72 |
Price/Sales | 0.63 | 1.22 | 5.61 |
Price/Cash Flow | 9.57 | 8.14 | 13.39 |
|
Metric
|
LEN
|
TOL
|
INVH
|
|---|---|---|---|
Quick Ratio | 3.11 | 0.40 | 0.29 |
Current Ratio | 10.20 | 4.35 | 1.00 |
Interest Coverage | 13.52 | — | 2.79 |
|
Metric
|
LEN
|
TOL
|
INVH
|
|---|---|---|---|
Return on Assets (Normalized) | 5.11% | 9.04% | 3.75% |
Return on Equity (Normalized) | 7.88% | 15.70% | 7.44% |
Return on Invested Capital (Normalized) | 6.78% | 11.41% | 5.56% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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LEN.B
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United States