| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$24.34 |
| 52 Week High | US$34.02 |
| 52 Week Low | US$22.78 |
| Beta | 0.85 |
| 1 Month Change | -7.17% |
| 3 Month Change | -16.93% |
| 1 Year Change | -22.93% |
| 3 Year Change | -38.68% |
| 5 Year Change | n/a |
| Change since IPO | -23.49% |
Recent News & Updates
Shareholder Returns
| JBGS | US REITs | US Market | |
|---|---|---|---|
| 7D | 1.1% | 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
| JBGS volatility | |
|---|---|
| JBGS Average Weekly Movement | 4.6% |
| REITs Industry Average Movement | 4.8% |
| Market Average Movement | 8.0% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 997 | Matt Kelly | https://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
| JBGS fundamental statistics | |
|---|---|
| Market Cap | US$3.32b |
| Earnings (TTM) | -US$61.41m |
| Revenue (TTM) | US$628.66m |
4.8x
P/S Ratio-49.0x
P/E RatioIs JBGS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JBGS income statement (TTM) | |
|---|---|
| Revenue | US$628.66m |
| Cost of Revenue | US$332.52m |
| Gross Profit | US$296.13m |
| Other Expenses | US$357.55m |
| Earnings | -US$61.41m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.50 |
| Gross Margin | 47.11% |
| Net Profit Margin | -9.77% |
| Debt/Equity Ratio | 67.6% |
How did JBGS perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield62%
Payout RatioValuation
Is JBGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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.
| What is JBGS's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.32b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 9.1x |
| Enterprise Value/EBITDA | 25.5x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does JBGS's PS Ratio compare to its peers?
| JBGS PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.4x | ||
HIW Highwoods Properties | 4.7x | 3.3% | US$3.7b |
OFC Corporate Office Properties Trust | 4.2x | 3.7% | US$3.1b |
DEI Douglas Emmett | 4.3x | 5.9% | US$4.7b |
SLG SL Green Realty | 4.2x | 9.1% | 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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 4.8x |
| Fair PS Ratio | 2.9x |
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.
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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
0/6Future 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
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Past Performance
How has JBG SMITH Properties performed over the past 5 years?
Past Performance Score
0/6Past 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.
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Financial Health
How is JBG SMITH Properties's financial position?
Financial Health Score
4/6Financial 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.
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Dividend
What is JBG SMITH Properties's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend 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.
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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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/28 00:00 |
| End of Day Share Price | 2022/06/28 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.