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JLL

Jones Lang LaSalleNYSE:JLL Stock Report

Market Cap

US$12.9b

7D

0.8%

1Y

133.0%

Updated

16 Oct, 2021

Data

Company Financials +
JLL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends0/6

JLL Overview

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in America’s, Europe, the Middle East, Africa, and the Asia Pacific.

Jones Lang LaSalle Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jones Lang LaSalle
Historical stock prices
Current Share PriceUS$253.64
52 Week HighUS$101.39
52 Week LowUS$260.76
Beta1.34
1 Month Change5.09%
3 Month Change32.26%
1 Year Change133.04%
3 Year Change90.68%
5 Year Change148.52%
Change since IPO780.30%

Recent News & Updates

Oct 04

Jones Lang LaSalle: China Exposure And Recovery Pace Draw Attention

Jones Lang LaSalle's exposure to China's residential property market is limited, which implies that the risks linked to China Evergrande Group's debt crisis are not likely to be significant. JLL's fee revenue and operating profit have already gone above pre-pandemic levels, but the company's leasing volumes are still not as high as they were before COVID-19. The market values JLL at consensus forward FY 2021 and FY 2022 normalized P/E multiples of 16.2 times and 15.4 times, respectively.

Sep 01
Calculating The Fair Value Of Jones Lang LaSalle Incorporated (NYSE:JLL)

Calculating The Fair Value Of Jones Lang LaSalle Incorporated (NYSE:JLL)

In this article we are going to estimate the intrinsic value of Jones Lang LaSalle Incorporated ( NYSE:JLL ) by taking...

Aug 17
Do Jones Lang LaSalle's (NYSE:JLL) Earnings Warrant Your Attention?

Do Jones Lang LaSalle's (NYSE:JLL) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

JLLUS Real EstateUS Market
7D0.8%5.8%2.0%
1Y133.0%-13.6%27.6%

Return vs Industry: JLL exceeded the US Real Estate industry which returned -11.8% over the past year.

Return vs Market: JLL exceeded the US Market which returned 27.6% over the past year.

Price Volatility

Is JLL's price volatile compared to industry and market?
JLL volatility
JLL Beta1.34
Industry Beta1.57
Market Beta1

Stable Share Price: JLL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JLL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199791,000Christian Ulbrichhttps://www.us.jll.com

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in America’s, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt placement, loan sales, equity placement, loan servicing, funds advisory, merger and acquisition, corporate advisory, and investment sales and acquisitions services. It also provides on-site management services for office, industrial, retail, multifamily residential, and specialty properties; integrated facilities management services; designing, building, management, and consulting services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments; and advisory, consulting, and valuation services.

Jones Lang LaSalle Fundamentals Summary

How do Jones Lang LaSalle's earnings and revenue compare to its market cap?
JLL fundamental statistics
Market CapUS$12.86b
Earnings (TTM)US$685.00m
Revenue (TTM)US$9.48b

18.8x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JLL income statement (TTM)
RevenueUS$9.48b
Cost of RevenueUS$2.67b
Gross ProfitUS$6.80b
ExpensesUS$6.12b
EarningsUS$685.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)13.51
Gross Margin71.77%
Net Profit Margin7.23%
Debt/Equity Ratio31.2%

How did JLL perform over the long term?

See historical performance and comparison

Valuation

Is Jones Lang LaSalle undervalued compared to its fair value and its price relative to the market?

22.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JLL ($253.64) is trading below our estimate of fair value ($326.89)

Significantly Below Fair Value: JLL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JLL is good value based on its PE Ratio (18.8x) compared to the US Real Estate industry average (26.1x).

PE vs Market: JLL is poor value based on its PE Ratio (18.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: JLL is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: JLL is overvalued based on its PB Ratio (2.2x) compared to the US Real Estate industry average (1.4x).


Future Growth

How is Jones Lang LaSalle forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JLL's forecast earnings growth (4% per year) is above the savings rate (2%).

Earnings vs Market: JLL's earnings (4% per year) are forecast to grow slower than the US market (15.1% per year).

High Growth Earnings: JLL's earnings are forecast to grow, but not significantly.

Revenue vs Market: JLL's revenue (6.4% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: JLL's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JLL's Return on Equity is forecast to be low in 3 years time (11%).


Past Performance

How has Jones Lang LaSalle performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JLL has high quality earnings.

Growing Profit Margin: JLL's current net profit margins (7.2%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: JLL's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: JLL's earnings growth over the past year (61.9%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: JLL earnings growth over the past year (61.9%) underperformed the Real Estate industry 61.9%.


Return on Equity

High ROE: JLL's Return on Equity (11.7%) is considered low.


Financial Health

How is Jones Lang LaSalle's financial position?


Financial Position Analysis

Short Term Liabilities: JLL's short term assets ($5.3B) exceed its short term liabilities ($4.6B).

Long Term Liabilities: JLL's short term assets ($5.3B) exceed its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: JLL's debt to equity ratio (31.2%) is considered satisfactory.

Reducing Debt: JLL's debt to equity ratio has reduced from 46.6% to 31.2% over the past 5 years.

Debt Coverage: JLL's debt is well covered by operating cash flow (49.6%).

Interest Coverage: JLL's interest payments on its debt are well covered by EBIT (20.8x coverage).


Balance Sheet


Dividend

What is Jones Lang LaSalle current dividend yield, its reliability and sustainability?

0.26%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JLL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JLL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JLL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JLL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: JLL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JLL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Christian Ulbrich (55 yo)

5yrs

Tenure

US$8,427,033

Compensation

Mr. Christian Ulbrich has been Chief Executive Officer at Jones Lang LaSalle Incorporated since October 1, 2016 and its President since June 01, 2016. Mr. Ulbrich served as the Chief Executive Officer of E...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD8.43M) is about average for companies of similar size in the US market ($USD11.20M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: JLL's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: JLL's board of directors are considered experienced (5.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Jones Lang LaSalle Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Jones Lang LaSalle Incorporated
  • Ticker: JLL
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: US$12.860b
  • Shares outstanding: 50.70m
  • Website: https://www.us.jll.com

Number of Employees


Location

  • Jones Lang LaSalle Incorporated
  • 200 East Randolph Drive
  • Chicago
  • Illinois
  • 60601
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 22:18
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.