John Laing Group
Market Cap
UK£1.5b
Last Updated
2020/10/21 22:17 UTC
Data Sources
Company Financials +
Executive Summary
John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with imperfect balance sheet.
Share Price & News
How has John Laing Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JLG has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.6%
JLG
-0.2%
GB Construction
-1.9%
GB Market
1 Year Return
-19.0%
JLG
-23.8%
GB Construction
-16.2%
GB Market
Return vs Industry: JLG exceeded the UK Construction industry which returned -23.7% over the past year.
Return vs Market: JLG underperformed the UK Market which returned -14.8% over the past year.
Shareholder returns
| JLG | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | -0.2% | -1.9% |
| 30 Day | 0.2% | -1.1% | 0.7% |
| 90 Day | -2.9% | -6.3% | -4.8% |
| 1 Year | -16.5%-19.0% | -12.8%-23.8% | -13.0%-16.2% |
| 3 Year | 23.1%3.6% | -34.5%-48.6% | -9.4%-20.6% |
| 5 Year | 96.0%55.4% | -23.6%-45.6% | 13.5%-12.0% |
Price Volatility Vs. Market
How volatile is John Laing Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Something To Consider Before Buying John Laing Group plc (LON:JLG) For The 3.3% Dividend1 month ago | Simply Wall St
What Does The Future Hold For John Laing Group plc (LON:JLG)? These Analysts Have Been Cutting Their Estimates1 month ago | Simply Wall St
John Laing Group (LON:JLG) Is Carrying A Fair Bit Of DebtValuation
Is John Laing Group undervalued compared to its fair value and its price relative to the market?
0.96x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: JLG (£2.98) is trading above our estimate of fair value (£1.15)
Significantly Below Fair Value: JLG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JLG is unprofitable, so we can't compare its PE Ratio to the GB Construction industry average.
PE vs Market: JLG is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JLG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JLG's PB Ratio (1x) is in line with the GB Construction industry average.
Next Steps
Future Growth
How is John Laing Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
101.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JLG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: JLG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: JLG's is expected to become profitable in the next 3 years.
Revenue vs Market: JLG's revenue (85.7% per year) is forecast to grow faster than the UK market (6% per year).
High Growth Revenue: JLG's revenue (85.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JLG's Return on Equity is forecast to be low in 3 years time (11.3%).
Next Steps
Past Performance
How has John Laing Group performed over the past 5 years?
-7.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JLG is currently unprofitable.
Growing Profit Margin: JLG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: JLG is unprofitable, and losses have increased over the past 5 years at a rate of 7% per year.
Accelerating Growth: Unable to compare JLG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: JLG is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-13.9%).
Return on Equity
High ROE: JLG has a negative Return on Equity (-1.97%), as it is currently unprofitable.
Next Steps
Financial Health
How is John Laing Group's financial position?
Financial Position Analysis
Short Term Liabilities: JLG's short term assets (£91.0M) do not cover its short term liabilities (£528.0M).
Long Term Liabilities: JLG's short term assets (£91.0M) exceed its long term liabilities (£15.0M).
Debt to Equity History and Analysis
Debt Level: JLG's debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: JLG's debt to equity ratio has increased from 1% to 33.8% over the past 5 years.
Debt Coverage: JLG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if JLG's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is John Laing Group current dividend yield, its reliability and sustainability?
3.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JLG's dividend (3.2%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: JLG's dividend (3.2%) is low compared to the top 25% of dividend payers in the UK market (5.32%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, JLG has been paying a dividend for less than 10 years.
Growing Dividend: JLG's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: JLG is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: JLG's dividends in 3 years are forecast to be well covered by earnings (39.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Ben Loomes
0.42
Tenure
Mr. Ben Robert Loomes has been Chief Executive Officer of John Laing Group plc since May 8, 2020. Mr. Loomes served as a Managing Partner and Head of Infrastructure at InfraRed Capital Partners. Mr. Loomes ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 0.42yr | no data | 0.064% £ 941.4k | |
| Corporate Finance Director | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Group Human Resources Director | 4.75yrs | no data | no data | |
| Group Managing Director of International Projects | no data | no data | no data | |
| Chief Risk Officer | no data | no data | no data | |
| Regional MD of North America | 3yrs | no data | no data | |
| Regional Managing Director of Asia Pacific | no data | no data | no data | |
| Group Managing Director for Strategy & Partnerships | 2yrs | no data | no data | |
| Regional Managing Director - North America | no data | no data | no data | |
| Group Company Secretary | 2.08yrs | no data | no data |
2.1yrs
Average Tenure
Experienced Management: JLG's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non-Executive Chairman | 2.42yrs | UK£195.00k | 0.010% £ 149.1k | |
| Senior Independent Director | no data | UK£65.00k | 0.0095% £ 140.2k | |
| Independent Non-Executive Director | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 5.83yrs | UK£50.00k | 0.0044% £ 64.6k | |
| Independent Non-Executive Director | 5.83yrs | UK£65.00k | 0.0055% £ 80.6k | |
| Independent Non-Executive Director | 2.42yrs | UK£50.00k | 0.0020% £ 29.9k |
2.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: JLG's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: JLG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
John Laing Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: John Laing Group plc
- Ticker: JLG
- Exchange: LSE
- Founded: 1848
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: UK£1.471b
- Shares outstanding: 493.25m
- Website: https://www.laing.com
Number of Employees
Location
- John Laing Group plc
- 1 Kingsway
- London
- Greater London
- WC2B 6AN
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JLG | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Feb 2015 |
| JLGl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Feb 2015 |
| JL0 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2015 |
Biography
John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. It operates through Primary Investment, Secondary Investment, and Asset Manageme ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 22:17 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.