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Lendlease Group (LLC) Fair Value & Analysis

Real Estate · AU · Market cap A$2.0B

LG Lendlease Group LLC · AU
PriceA$3.16
Fair ValueA$5.54
Upside+75.3%
Quality44/100
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Weak Growth
Loss-making · -2.3% net margin
Moderate debt · negative free cash flow
7.76% dividend yield
Trails peers (4/12)
Narrow moat 17/100
Evidence: Medium Range A$4.15 – A$6.92 Share as image

Fair value as of: Jul 17, 2026

From 4 valuation models · updated 24 days ago

Share price +3.3% over the past month.

Below-average quality, screening 75% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$4.15). The market is more pessimistic than our downside scenario.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

A$11.23 A$2.46 Fair Value A$5.54 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$2.46 – A$11.23 · fair‑value band A$4.15 – A$6.92 · the A$3.16 price screens below the A$5.54 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Lendlease Group (LLC) currently trades at A$3.16, while our model-based Fair Value estimate is A$5.54, implying the stock looks roughly 75.3% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Lendlease Group generated revenue of A$6.1B at a net margin of -2.3%. Revenue declined 37.3% year over year. It earns a return on equity of -2.7%. Net debt stands at A$3.4B. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$4.15 (bear case) to A$6.92 (bull case); at A$3.16, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -30% fair-value upside, at 75%, LLC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income A$5.49 A$5.45 A$4.93 76
P/S Multiple A$4.15 A$5.54 A$6.92 58
P/B Multiple A$4.15 A$5.54 A$6.92 55
All 4 models by family
Multiples
P/S Multiple A$4.15 A$5.54 A$6.92 58
P/B Multiple A$4.15 A$5.54 A$6.92 55
Asset-Based
NCAV (Graham) A$3.70 A$4.96 A$7.40 50
Economic Profit
Residual Income A$5.49 A$5.45 A$4.93 76

Widest divergence: Multiples (A$5.54) versus Asset-Based (A$4.96). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$6.1B
Revenue growth (YoY) -37.3%
Net margin -2.3%
Return on equity -2.7%
Free cash flow −A$783M FY2025
Operating margin -1.0%
More key figures
EPS (TTM) A$-0.2100
Dividend yield 7.8%
EPS growth (YoY) +534%
Net debt A$3.4B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 43 · Market factors (momentum, volatility) 32

Profitability 23
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Investments, Development, Construction, and Capital Release Unit segments.

Full company description

Lendlease Group operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas. It operates through Investments, Development, Construction, and Capital Release Unit segments. The Investments segment owns and/or manages investments, including residential, office, retail, industrial, and infrastructure investment assets. The Development segment develops inner-city mixed-use developments, apartments, retail, commercial assets and social and economic infrastructure. The Construction segment provides project management, design and construction services, primarily in the commercial, mixed use, data centres, defence and social infrastructure sectors. The Capital Release Unit segment offers overseas construction operations and development projects; retirement assets; US military housing business; Australian communities projects; and engineering and services projects. The company was founded in 1958 and is headquartered in Barangaroo, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lendlease Group reported revenue of A$7.6B in FY2025 versus A$9.8B in FY2021, a compound −6.1%/yr. Reported net income was A$225M in FY2025, compounding +0.3%/yr from FY2021.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$7.6B
Latest YoY
−17.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−8.2%
Avg. growth/yr (36Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Revenue −6.1%/yr
FY21 A$9.8B
FY22 A$8.8B
FY23 A$10.2B
FY24 A$9.2B
FY25 A$7.6B
Net income +0.3%/yr
FY21 A$222M
FY22 −A$99.0M
FY23 −A$232M
FY24 −A$1.5B
FY25 A$225M

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Cite: Fair Value Calculator (2026). "Lendlease Group Fair Value". https://www.fairvalue-calculator.com/stock/LLC

Peer Group

Real Estate - Diversified · 137 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Below median
Fair Value upside +75% · Top 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth -37% · Bottom 25%
Dividend yield (TTM) 7.8% · Top 25%
Debt / equity 0.67× · Higher than median

Valuation Multiples vs Real Estate - Diversified median · lower = cheaper

P/B 0.28× · Cheaper than median
P/S (TTM) 0.24× · Cheaper than 75% of peers
PEG 1.69× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 46
FUTURE 0 · sector 32
PAST 0 · sector 17
HEALTH 66 · sector 75
DIVIDEND 100 · sector 45

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Lendlease Group (LLC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$5.54 versus a price of A$3.16, about +75% (undervalued).
What is the fair value of LLC?
Our model-based fair value for Lendlease Group is A$5.54 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$3.16.
What is the quality score of LLC?
Lendlease Group has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Lendlease Group (LLC)?
Lendlease Group reported trailing-twelve-month revenue of about A$6.1B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of LLC?
The net profit margin of Lendlease Group is about -2.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Lendlease Group pay a dividend?
Lendlease Group currently shows a dividend yield of about 9.35% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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