Lendlease Group
Company Profile
Business description
Lendlease’s business comprises three segments: development, investments, and construction. Development accounted for more than half of EBITDA in 2020, and the future pipeline is so large it cannot be funded from its own balance sheet. The group is selling stakes in mature projects to its funds management clients. This sacrifices development profit, in return for management fees, reduced risk, and capital to accelerate new projects in the pipeline. Construction generates large revenues but slim margins. This business is retained to preserve expertise and scale for the development business. Lendlease sold its engineering and services business during the pandemic, but retains some risks, notably the Melbourne Metro project. It is also reducing its exposure to retirement living.
Contact
Level 14, Tower Three, 300 Barangaroo Avenue
International Towers Sydney, Exchange Place
Barangaroo
Sydney NSW 2000
AUST: +61 292366111
Sector
Real Estate
Stock type
Cyclical
Industry
Real Estate - Diversified
Fiscal Year End
30 June 2024
Employees
10,825
Lendlease Group News & Analysis
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The market is overly pessimistic on this undervalued opportunity
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5 ultracheap shares undervalued by more than 50%
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Stocks
ETFs
- Australian ETFs
- Active Australian Equity ETFs
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- Emerging Market Equity ETFs
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- Active Global Equity ETFs
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- Active Global Fixed Interest ETFs
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- Active Global Infrastructure ETFs
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Funds
- Active Australian Equity Funds
- Passive Australian Equity Funds
- Active Global Equity Funds
- Passive Global Equity Funds
- Sustainable Funds
- Emerging Market Equity Funds
- Passive Australian Listed Property Funds
- Active Australian Listed Property Funds
- Passive Global Infrastructure Funds
- Active Global Infrastructure Funds
- Active Global Property Funds
- Passive Global Property Funds
- Active Australian Fixed Interest Funds
- Passive Australian Fixed Interest Funds
- Active Global Fixed Interest Funds
- Passive Global Fixed Interest Funds
Markets
Index
|
Last price
|
Change
|
% Change
|
|---|---|---|---|
| All Ordinaries | 7,862.30 | 147.10 | -1.84% |
| CAC 40 | 7,943.04 | 102.07 | -1.27% |
| DAX 40 | 17,770.53 | 256.05 | -1.42% |
| Dow JONES (US) | 37,735.11 | 248.13 | -0.65% |
| FTSE 100 | 7,859.17 | 106.36 | -1.34% |
| HKSE | 16,248.97 | 351.49 | -2.12% |
| NASDAQ | 15,885.02 | 290.08 | -1.79% |
| Nikkei 225 | 38,471.20 | 761.60 | -1.94% |
| NZX 50 Index | 11,804.84 | 111.94 | -0.94% |
| S&P 500 | 5,061.82 | 61.59 | -1.20% |
| S&P/ASX 200 | 7,612.50 | 140.00 | -1.81% |
| SSE Composite Index | 3,007.07 | 50.31 | -1.65% |
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Last price
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| Pilbara Minerals Ltd PLS | 3.85 | 0.05 | -1.28% |
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