company background image
JBGS

JBG SMITH Properties NYSE:JBGS Stock Report

Last Price

US$24.34

Market Cap

US$3.3b

7D

1.1%

1Y

-22.9%

Updated

28 Jun, 2022

Data

Company Financials +
JBGS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends3/6

JBGS Stock Overview

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC.

JBG SMITH Properties Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JBG SMITH Properties
Historical stock prices
Current Share PriceUS$24.34
52 Week HighUS$34.02
52 Week LowUS$22.78
Beta0.85
1 Month Change-7.17%
3 Month Change-16.93%
1 Year Change-22.93%
3 Year Change-38.68%
5 Year Changen/a
Change since IPO-23.49%

Recent News & Updates

Shareholder Returns

JBGSUS REITsUS Market
7D1.1%3.8%1.7%
1Y-22.9%-9.1%-20.4%

Return vs Industry: JBGS underperformed the US REITs industry which returned -8.3% over the past year.

Return vs Market: JBGS underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is JBGS's price volatile compared to industry and market?
JBGS volatility
JBGS Average Weekly Movement4.6%
REITs Industry Average Movement4.8%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: JBGS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JBGS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016997Matt Kellyhttps://www.jbgsmith.com

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon’s new headquarters. JBG SMITH’s portfolio currently comprises 20.7 million square feet of high-growth office, multifamily and retail assets, 98% at our share of which are Metro-served.

JBG SMITH Properties Fundamentals Summary

How do JBG SMITH Properties's earnings and revenue compare to its market cap?
JBGS fundamental statistics
Market CapUS$3.32b
Earnings (TTM)-US$61.41m
Revenue (TTM)US$628.66m

4.8x

P/S Ratio

-49.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JBGS income statement (TTM)
RevenueUS$628.66m
Cost of RevenueUS$332.52m
Gross ProfitUS$296.13m
Other ExpensesUS$357.55m
Earnings-US$61.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.50
Gross Margin47.11%
Net Profit Margin-9.77%
Debt/Equity Ratio67.6%

How did JBGS perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

62%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JBGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JBGS?

Other financial metrics that can be useful for relative valuation.

JBGS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.1x
Enterprise Value/EBITDA25.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does JBGS's PS Ratio compare to its peers?

JBGS PS Ratio vs Peers
The above table shows the PS ratio for JBGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.4x
HIW Highwoods Properties
4.7x3.3%US$3.7b
OFC Corporate Office Properties Trust
4.2x3.7%US$3.1b
DEI Douglas Emmett
4.3x5.9%US$4.7b
SLG SL Green Realty
4.2x9.1%US$3.1b
JBGS JBG SMITH Properties
4.8x-5.1%US$3.3b

Price-To-Sales vs Peers: JBGS is expensive based on its Price-To-Sales Ratio (4.8x) compared to the peer average (4.4x).


Price to Earnings Ratio vs Industry

How does JBGS's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Sales vs Industry: JBGS is good value based on its Price-To-Sales Ratio (4.8x) compared to the US REITs industry average (5.8x)


Price to Sales Ratio vs Fair Ratio

What is JBGS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JBGS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.8x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: JBGS is expensive based on its Price-To-Sales Ratio (4.8x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).


Share Price vs Fair Value

What is the Fair Price of JBGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JBGS ($24.34) is trading above our estimate of fair value ($16.58)

Significantly Below Fair Value: JBGS is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JBGS's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is JBG SMITH Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JBGS is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: JBGS is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: JBGS is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: JBGS's revenue is expected to decline over the next 3 years (-5.1% per year).

High Growth Revenue: JBGS's revenue is forecast to decline over the next 3 years (-5.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JBGS's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has JBG SMITH Properties performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JBGS is currently unprofitable.

Growing Profit Margin: JBGS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JBGS is unprofitable, and losses have increased over the past 5 years at a rate of 24.6% per year.

Accelerating Growth: Unable to compare JBGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JBGS is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).


Return on Equity

High ROE: JBGS has a negative Return on Equity (-1.92%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is JBG SMITH Properties's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: JBGS's short term assets ($1.3B) exceed its short term liabilities ($495.3M).

Long Term Liabilities: JBGS's short term assets ($1.3B) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: JBGS's net debt to equity ratio (62%) is considered high.

Reducing Debt: JBGS's debt to equity ratio has reduced from 67.9% to 67.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable JBGS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: JBGS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.4% per year.


Discover healthy companies

Dividend

What is JBG SMITH Properties's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.70%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JBGS's dividend (3.7%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: JBGS's dividend (3.7%) is low compared to the top 25% of dividend payers in the US market (4.25%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JBGS has been paying a dividend for less than 10 years.

Growing Dividend: JBGS has only been paying a dividend for 5 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (62.4%), JBGS's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (55.6%), JBGS's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Matt Kelly (48 yo)

4.92yrs

Tenure

US$16,099,515

Compensation

Mr. W. Matthew Kelly, also known as Matt, serves as Chief Executive Officer and Trustee of JBG SMITH Properties (JBG”) since July 18, 2017. Mr. Kelly worked at JBG from August 2004 up until the formation t...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD16.10M) is above average for companies of similar size in the US market ($USD6.87M).

Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: JBGS's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: JBGS's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JBGS 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

JBG SMITH Properties's employee growth, exchange listings and data sources


Key Information

  • Name: JBG SMITH Properties
  • Ticker: JBGS
  • Exchange: NYSE
  • Founded: 2016
  • Industry: Office REITs
  • Sector: Real Estate
  • Implied Market Cap: US$3.322b
  • Market Cap: US$3.007b
  • Shares outstanding: 136.35m
  • Website: https://www.jbgsmith.com

Number of Employees


Location

  • JBG SMITH Properties
  • 4747 Bethesda Avenue
  • Suite 200
  • Bethesda
  • Maryland
  • 20814
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.