Lend Lease Corp Ltd (ASX: LLC) $3.08
LLC has been a shocking performer over recent years, destroying value every time bargain hunters attempted to pick a bottom. This ~$2bn integrated property group reported a weak first-half FY26 result: a net loss of $318 million versus a $48 million profit a year earlier as revenue fell 37% to $2.84 billion. Despite the soft first half, management reaffirmed FY26 EPS guidance of $0.28–0.34, contingent on completing several key projects before year-end. However, the market remains understandably cautious on the company's earnings outlook, they’ve been serial underwhelmers in recent results, with the stock rightly trading ~20% below its average 5-year valuation.