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Lennar LEN Homebuilding Central — Equity Method Investments

Discontinued — last reported Q4 '19

Similar metrics at other companies

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JCIBuilding Solutions EMEA/LA — Equity Method Investments
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TOLTraditional Homebuilding — Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures
$446.95M+7.3%
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NVRHomebuilding — Variable Interest Entity Consolidated Carrying Amount Assets
$1.22M-2.0%
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NVRHomebuilding — Variable Interest Entity Consolidated Carrying Amount Liabilities
$853K-2.7%
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PHMOther Homebuilding — Income Loss From Equity Method Investments
$445.5K+59.5%
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LADROperating Segments — Equity Method Investments
$34.6M+1.2%

Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.8%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$22.1B-10.7%
Enterprise value$19.96B-10.9%
P/E12.4×+5.7×
P/S0.7×0.0×

Profitability

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Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: Lennar’s 10-K, filed January 27, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does homebuilding central — equity method investments mean?
The value of the company's ownership stakes in joint ventures or partnerships within the Central homebuilding market.
How do you interpret homebuilding central — equity method investments?
An increase suggests expanded participation in joint ventures, while a decrease indicates divestment or capital returns from partners.
How does homebuilding central — equity method investments compare across companies?
Standard for homebuilders using joint ventures to manage land acquisition risk; comparable to 'Investments in Unconsolidated Entities' at peers.