Lead Real Estate Co., Ltd - Understand $lre stock

$LRE Market Cap: $26.76 Million

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Financial Snapshot

Revenue

$50.36B

TTM

Gross Margin

15.56%

TTM

Net Earnings

$1.427B

TTM

Current Assets

$11.32B

Q2 2024

Current Liabilities

$7.972B

Q2 2024

Current Ratio

142.01%

Q2 2024

Total Assets

$17.22B

Q2 2024

Total Liabilities

$12.98B

Q2 2024

Book Value

$4.237B

Q2 2024

Cash

$1.301B

Q2 2024

P/E

0.01875

Nov 29, 2024 EST

Free Cash Flow

-$3.018B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020
Revenue	$18.95B	$17.44B	$14.32B	$11.26B	$8.681B
YoY Change	8.65%	21.79%	27.24%	29.65%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020
Revenue	$18.95B	$17.44B	$14.32B	$11.26B	$8.681B
Cost Of Revenue	$16.00B	$14.69B	$11.89B	$9.768B	$7.687B
Gross Profit	$2.950B	$2.756B	$2.436B	$1.487B	$994.0M
Gross Profit Margin	15.56%	15.8%	17.01%	13.21%	11.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020
Selling, General & Admin	$2.051B	$1.887B	$1.787B	$1.033B	$815.0M
YoY Change	8.72%	5.59%	72.89%	26.8%
% of Gross Profit	69.54%	68.44%	73.34%	69.5%	81.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$102.7M	$76.52M	$43.95M	$37.33M	$80.32M
YoY Change	34.23%	74.13%	17.73%	-53.53%
% of Gross Profit	3.48%	2.78%	1.8%	2.51%	8.08%
Operating Expenses	$18.05B	$16.57B	$13.67B	$10.80B	$815.0M
YoY Change	8.93%	21.21%	26.57%	1225.35%
Operating Profit	$898.6M	$869.9M	$649.2M	$453.6M	$179.0M
YoY Change	3.29%	34.0%	43.1%	153.43%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020
Interest Expense	-$18.29M	$16.73M	$23.33M	$56.65M	-$12.00M
YoY Change	-209.29%	-28.29%	-58.81%	-572.08%
% of Operating Profit	-2.04%	1.92%	3.59%	12.49%	-6.7%
Other Income/Expense, Net	$55.47M	-$10.67M	$162.7M	-$66.42M	-$4.000M
YoY Change	-619.85%	-106.56%	-344.92%	1560.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020
Pretax Income	$954.0M	$859.2M	$811.9M	$387.2M	$164.0M
YoY Change	11.03%	5.84%	109.66%	136.11%
Income Tax	$327.9M	$322.8M	$283.5M	$134.9M	$70.00M
% Of Pretax Income	34.37%	37.56%	34.92%	34.83%	42.68%
Net Earnings	$627.0M	$537.0M	$528.8M	$279.5M	$101.0M
YoY Change	16.75%	1.56%	89.18%	176.72%
Net Earnings / Revenue	3.31%	3.08%	3.69%	2.48%	1.16%
Basic Earnings Per Share	$46.93	$43.39	$43.83	$22.30
Diluted Earnings Per Share	$46.93	$43.39	$43.83	$22.30	$7.21

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020
Cash & Short-Term Investments	$1.301B	$786.4M	$403.0M	$480.0M	$330.0M
YoY Change	65.4%	95.13%	-16.04%	45.45%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$493.8M	$236.9M	$266.0M	$328.0M	$228.0M
YoY Change	108.43%	-10.93%	-18.9%	43.86%
Inventory	$9.268B	$10.40B	$8.846B	$4.539B	$3.947B
Prepaid Expenses
Receivables	$259.4M	$467.6M	$261.0M	$433.0M	$188.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$31.00M
Total Short-Term Assets	$11.32B	$11.89B	$9.776B	$5.780B	$4.724B
YoY Change	-4.8%	21.65%	69.13%	22.35%
Property, Plant & Equipment	$5.604B	$3.440B	$2.205B	$3.288B	$3.272B
YoY Change	62.88%	56.02%	-32.94%	0.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$67.24M	$52.39M	$49.00M	$57.00M	$94.00M
YoY Change	28.34%	6.92%	-14.04%	-39.36%
Other Assets	$170.6M	$332.6M	$272.0M	$213.0M	$186.0M
YoY Change	-48.71%	22.27%	27.7%	14.52%
Total Long-Term Assets	$5.896B	$3.923B	$2.641B	$3.633B	$3.577B
YoY Change	50.3%	48.53%	-27.31%	1.57%
Total Assets	$17.22B	$15.82B	$12.42B	$9.413B	$8.301B
YoY Change
Accounts Payable	$602.0M	$645.7M	$602.0M	$497.0M	$316.0M
YoY Change	-6.76%	7.26%	21.13%	57.28%
Accrued Expenses	$219.3M	$142.3M	$364.0M	$908.0M	$806.0M
YoY Change	54.08%	-60.9%	-59.91%	12.66%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$6.838B	$5.899B	$6.361B	$4.479B	$4.335B
YoY Change	15.92%	-7.26%	42.02%	3.32%
Total Short-Term Liabilities	$7.972B	$7.182B	$7.613B	$6.107B	$5.622B
YoY Change	11.0%	-5.66%	24.66%	8.63%
Long-Term Debt	$4.598B	$5.438B	$2.232B	$1.410B	$1.161B
YoY Change	-15.44%	143.62%	58.3%	21.45%
Other Long-Term Liabilities	$324.6M	$377.4M	$305.0M	$180.0M	$161.0M
YoY Change	-14.0%	23.75%	69.44%	11.8%
Total Long-Term Liabilities	$4.923B	$5.815B	$2.537B	$1.590B	$1.322B
YoY Change	-15.35%	129.21%	59.56%	20.27%
Total Liabilities	$12.97B	$13.07B	$10.21B	$7.768B	$7.035B
YoY Change	-0.71%	27.98%	31.42%	10.42%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021
Basic Shares Outstanding	13.36M	12.50M	12.50M	12.49M
Diluted Shares Outstanding	13.36M	12.50M	12.50M	12.49M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $26.76 Million

About LEAD REAL ESTATE CO., LTD

Lead Real Estate Co., Ltd. operates as a real estate company. The company is headquartered in Shibuya-Ku, Tokyo-To and currently employs 70 full-time employees. The company went IPO on 2023-09-27. The real estate for sale housing business selects lands and provides single-family houses. The investment property development business newly develops and sells a new residential building. The real estate value improvement business conducts acquisition and value-up of detached houses and investment real estate. The digital transformation business provides global developer services. The Eco reform business is engaged in the remodeling business using energy-saving materials. The overseas business invests in and acquires overseas residential and investment real estate. The holding real estate for investment business owns real estate for investment. The commercial investment business invests in stocks as a shareholder in venture companies. The hotel and inn business operates directly managed hotels and ryokans. The specific joint real estate ventures business invests and manages properties.

Industry: Operative Builders Peers: