Lennar Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $716.77M TTM free cash flow base; 4% annual FCF growth years 1-5, 3% years 6-10; 10% discount rate; 2.5% terminal growth; -$4.92B net debt (net cash); 237.90M total shares outstanding (Class A + Class B combined).

Reasoning: Lennar is a top-three U.S. homebuilder currently facing margin pressure from affordability-driven incentives, so a moderate mid-single-digit growth path and a cyclical-industry discount rate are used rather than extrapolating peak-margin history; the result sits modestly below the current price, consistent with ongoing housing-market softness. Class B shares carry the same economic claim on cash flow as Class A.