Lendlease Group LLC

Stock XASX Rating as of Nov 13, 2026

A$2.28 −0.21 (8.43%)

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As of Nov 13, 2026, 5:11:23 AM Delayed Price Closed

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Lendlease: Uphill Battle to Sell Noncore Assets; Trim Fair Value Estimate to AUD 3.80

Yingqi Tan Nov 9, 2026

Lendlease has terminated an AUD 90 million asset sale after the agreement's conditions were not met. It involved the sale of development rights to a mixed-use project in Milan, Italy, to a local developer.

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Price vs Fair Value

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LLC is trading at a R.d premium.

Price

A$2.28

Nov 13, 2026

Fair Value

LOCK|m$

Nov 9, 2026

Uncertainty

LOCK|fd<

1-Star Price: LOCK|yKp
5-Star Price: LOCK|>x
Economic Moat: LOCK|%#K
Capital Allocation: LOCK|M?

Bulls Say, Bears Say

Bulls

Lendlease is set to be leaner in the future. The shift to focus more on the capital-light, higher-margin investment management business should improve the company’s return on invested capital.

Bears

Lendlease’s construction division generates huge revenue but wafer-thin margins. Unexpected cost blowouts can destroy returns.

Trading Information

Previous Close Price: A$2.49
Day Range: A$2.26–2.50
52-Week Range: A$2.26–5.50
Bid/Ask: A$2.27 / A$2.36
Shares Outstanding: 691.40M
Market Cap: A$1.58B
Volume/Avg: 6M / 3M

Key Statistics

Price/Earnings (Normalized): —
Price/Sales: 0.29
Dividend Yield (Trailing): 6.91%
Dividend Yield (Forward): 6.91%
Dividend Payment Schedule: Mar, Sep
Total Yield: 6.91%

Company Profile

Lendlease has three segments: investments, development, and construction. Lendlease in the past operated locally and overseas across all three segments. But the group opted to retreat from international development and construction, focusing on Australia. The investment management platform, however, will still retain international exposure. Historically, the investments segment contributed about one-third of group EBITDA, development around half, and construction the remainder. The group is targeting an earnings mix between investments/development/construction of 50%/35%/15% after the current restructure, shifting more weight to the defensive and higher-margin investments segment. Sales proceeds from asset divestments will primarily be used to repay debt.

Sector: Real Estate
Industry: Real Estate - Diversified
Stock Style Box: Small Value
Total Number of Employees: 12,000
Website: https://www.lendlease.com

Competitors

Valuation

Metric	LLC	MGR	CHC
Price/Earnings (Normalized)	—	12.40	24.42
Price/Book Value	0.33	0.82	3.60
Price/Sales	0.29	2.94	23.69
Price/Cash Flow	—	8.75	—

Price/Earnings

LLC

MGR

CHC

Financial Strength

Metric	LLC	MGR	CHC
Quick Ratio	0.58	0.27	1.26
Current Ratio	1.22	0.84	1.97
Interest Coverage	−2.48	3.64	15.29

Quick Ratio

LLC

MGR

CHC

Profitability

Metric	LLC	MGR	CHC
Return on Assets (Normalized)	−4.41%	4.02%	13.31%
Return on Equity (Normalized)	−11.93%	6.48%	17.30%
Return on Invested Capital (Normalized)	−6.66%	4.07%	15.12%

Return on Assets

LLC

MGR

CHC

Real Estate - Diversified Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
Mitsubishi Estate Co Ltd ADR MITEY	—	LOCK\|^<!	$31B
Mitsubishi Estate Co Ltd MITEF	—	LOCK\|TT	$31B
Mitsui Fudosan Co Ltd ADR MTSFY	—	LOCK\|Yt	$27B
Mitsui Fudosan Co Ltd MTSFF	—	LOCK\|<^	$27B
Henderson Land Development Co Ltd HLDVF	—	LOCK\|c#	$18B
Henderson Land Development Co Ltd ADR HLDCY	—	LOCK\|Hp@	$18B
Swiss Prime Site AG SWPRF	—	LOCK\|Pq?C	$13B
SM Prime Holdings Inc SPHXF	—	LOCK\|JBm	$8B
Daito Trust Construction Co Ltd ADR DIFTY	—	LOCK\|P%	$7B
Daito Trust Construction Co Ltd DITTF	—	LOCK\|&p?	$7B