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NYQ · Valuation Lab
LEN
Lennar Corporation
Last$87.88
Market cap21.2B
EV/EBITDA11.2x
Intrinsic value
$32.20
MoS -172.9% · Overvalued
Assuming 3.3% FCF margin and -5.2% Y1–5 growth.
Upside to price
EV (DCF)11.2B
Terminal share49%
Expected IV$40.71
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 49% of EV
PV of stage FCFs5.7B
PV of terminal value5.4B
Enterprise value11.2B
Net cash / (debt)-4.4B
Equity value6.8B
Intrinsic value / share$32.20
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 31B | 1B | 935.6M | 91.4% |
| Y2 | 29.4B | 970.9M | 810.3M | 83.5% |
| Y3 | 27.9B | 920.4M | 701.8M | 76.2% |
| Y4 | 26.4B | 872.5M | 607.8M | 69.7% |
| Y5 | 25.1B | 827.2M | 526.4M | 63.6% |
| Y6 | 25.6B | 843.7M | 490.5M | 58.1% |
| Y7 | 26.1B | 860.6M | 457.1M | 53.1% |
| Y8 | 26.6B | 877.8M | 425.9M | 48.5% |
| Y9 | 27.1B | 895.4M | 396.9M | 44.3% |
| Y10 | 27.7B | 913.3M | 369.9M | 40.5% |
| Terminal | — | — | 5.4B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.