Lend Lease Group (LLESY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Lend Lease Group $3.78, price $1.74, upside +117.2%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $1.74 – $11.52 · fair‑value band $2.95 – $4.62 · the $1.74 price screens below the $3.78 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Lend Lease Group (LLESY) currently trades at $1.74, while our model-based Fair Value estimate is $3.78, implying the stock looks roughly 54.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $3.85 per share, and 4 of the 6 models we run sit above the $1.74 price.
Bear case: the Dividend Discount group reads lowest at $0.8900, and 2 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: $2.95 (bear) to $4.62 (bull), the price of $1.74 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Lend Lease 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.
Key figures
Market cap $1.3B · P/S ratio 0.22 · EPS (TTM) $−0.1500 · Dividend yield 13.3% · Net margin 3.0% · Return on equity −2.7% · Return on assets (EBIT) −0.2% · Operating margin −1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 52% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −48% fair-value upside, at 117%, LLESY screens cheaper than that median.
Fair Value models
Bear $2.95Fair Value $3.78Bull $4.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.6/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.6%
Start year 2020 (pandemic). Over 10 years: −5.4% a year
Revenue growth 36 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+3.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.0%
Dividend (yield on the price)13.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.0% vs −12.6%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−5% → −3%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.6%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Diversified · 129 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+109.8% · Top 25%
Profitability
Return on assets−0.1% · Bottom 25%
Net margin (TTM)−2.3% · Bottom 25%
Operating margin (TTM)−1.0% · Bottom 25%
Growth and dividend
Revenue growth−37.3% · Bottom 25%
Dividend yield (TTM)13.3% · Top 25%
Balance sheet
Debt / equity0.67× · Above median
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lend Lease Group Fair Value". https://www.fairvalue-calculator.com/stock/LLESY
Frequently asked questions
Is Lend Lease Group (LLESY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $3.78 versus a price of $1.74, about +117% upside (undervalued).
What is the fair value of LLESY?
Our model-based fair value for Lend Lease Group is $3.78 (as of Sep 24, 2026), built from audited fundamentals. The current price: $1.74.
What is the quality score of LLESY?
Lend Lease 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 price target for Lend Lease Group (LLESY)?
Our model-based price target is the fair value of $3.78 (as of Sep 24, 2026) from 6 valuation models. Cautious scenario $2.95, optimistic scenario $4.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Lend Lease Group stock forecast for 2026?
Our models put fair value at $3.78, about +117% upside versus a price of $1.74 (undervalued). Cautious scenario $2.95, optimistic scenario $4.62. The calculation is refreshed regularly with new filings.
What is the revenue of Lend Lease Group (LLESY)?
Lend Lease Group reported trailing-twelve-month revenue of about A$6.1B (latest available figure, as of Sep 24, 2026).
Does Lend Lease Group pay a dividend?
Lend Lease Group currently shows a dividend yield of about 13.33% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Lend Lease Group (LLESY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lend Lease Group it is $3.78 per share (as of Sep 24, 2026), against a price of $1.74. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Lend Lease Group stock overvalued or undervalued in 2026?
As of Sep 24, 2026, LLESY trades below its calculated fair value: price $1.74, fair value $3.78, a gap of about +117% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LLESY?
No. The price is what the market pays today ($1.74); the fair value is what the company's own numbers justify ($3.78). For Lend Lease Group the two are $2.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lend Lease Group worth?
The market values Lend Lease Group at about $1.3B (market capitalisation, as of Sep 24, 2026). Per share that is $1.74; our models calculate a fair value of $3.78 per share.
What do the bullish and bearish scenarios say about LLESY?
Our models span a range for Lend Lease Group: cautious scenario $2.95, base $3.78, optimistic $4.62 per share (as of Sep 24, 2026, price $1.74). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of LLESY?
The PEG ratio of Lend Lease Group is 1.67 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Lend Lease Group (LLESY)?
Balance-sheet figures for Lend Lease Group (as of Sep 24, 2026): return on equity −2.7%, debt of 0.67 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is LLESY from its 52-week high?
Lend Lease Group trades at $1.74, about 52% below its 52-week high of $3.61 and at the low of $1.74 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $3.78 is for.
Which stocks are comparable to Lend Lease Group?
From the same area (Real Estate) we also value Henderson Land Development Company, Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lend Lease Group stock attractive at the current price?
The data as of Sep 24, 2026: price $1.74, calculated fair value $3.78 (+117%), Quality Score 44/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LLESY calculated?
We run Lend Lease Group through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $3.78, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Lend Lease Group currently trades 54 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lend Lease Group (LLESY)?
The closing price on Oct 2, 2026 was $1.74. Our model-based fair value is $3.78, about +117% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lend Lease Group right 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 ($2.95). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Lend Lease Group
How large is the market capitalisation of Lend Lease Group (LLESY)?
The market capitalisation of Lend Lease Group is $1.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lend Lease Group (LLESY)?
The price-to-sales ratio of Lend Lease Group is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lend Lease Group (LLESY)?
Earnings per share at Lend Lease Group are $−0.1500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lend Lease Group (LLESY)?
The dividend yield of Lend Lease Group is 13.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lend Lease Group (LLESY)?
The net margin of Lend Lease Group is 3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lend Lease Group (LLESY)?
The return on equity (ROE) of Lend Lease Group is −2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lend Lease Group (LLESY)?
On an EBIT basis the return on assets of Lend Lease Group is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lend Lease Group (LLESY)?
The operating margin of Lend Lease Group is −1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lend Lease Group (LLESY)?
Revenue at Lend Lease Group is growing −37.3% versus a year earlier (3y avg −5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lend Lease Group (LLESY)?
Earnings per share at Lend Lease Group are growing +534% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lend Lease Group (LLESY) generate?
The free cash flow of Lend Lease Group is −A$783M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lend Lease Group (LLESY) carry?
The net debt of Lend Lease Group is A$3.4B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 24, 2026