NYSE:JLL

Stock Analysis Report

Executive Summary

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide.

Snowflake

Fundamentals

Solid track record and fair value.


Similar Companies

Share Price & News

How has Jones Lang LaSalle's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JLL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

JLL

0.3%

US Real Estate

0.5%

US Market


1 Year Return

16.7%

JLL

11.0%

US Real Estate

12.8%

US Market

Return vs Industry: JLL exceeded the US Real Estate industry which returned 11.3% over the past year.

Return vs Market: JLL exceeded the US Market which returned 12.5% over the past year.


Shareholder returns

JLLIndustryMarket
7 Day-1.1%0.3%0.5%
30 Day14.3%6.9%4.3%
90 Day22.3%11.0%8.0%
1 Year17.4%16.7%11.9%11.0%15.3%12.8%
3 Year66.2%63.9%33.0%29.8%48.3%38.7%
5 Year14.9%12.2%11.1%7.5%62.6%44.5%

Price Volatility Vs. Market

How volatile is Jones Lang LaSalle's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

2.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JLL ($159.86) is trading below our estimate of fair value ($164.6)

Significantly Below Fair Value: JLL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JLL is good value based on its PE Ratio (16.3x) compared to the Real Estate industry average (25.4x).

PE vs Market: JLL is good value based on its PE Ratio (16.3x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: JLL is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: JLL is overvalued based on its PB Ratio (1.7x) compared to the US Real Estate industry average (1.6x).


Next Steps

Future Growth

How is Jones Lang LaSalle forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

13.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JLL's forecast earnings growth (13% per year) is above the savings rate (2.7%).

Earnings vs Market: JLL's earnings (13% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: JLL's revenue (17.4% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: JLL's revenue (17.4% 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 (13.1%).


Next Steps

Past Performance

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

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JLL has high quality earnings.

Growing Profit Margin: JLL's current net profit margins (4.8%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: JLL's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: JLL's earnings growth over the past year (28.6%) exceeds its 5-year average (1.2% per year).

Earnings vs Industry: JLL earnings growth over the past year (28.6%) exceeded the Real Estate industry -28.2%.


Return on Equity

High ROE: JLL's Return on Equity (9.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Jones Lang LaSalle's financial position?


Financial Position Analysis

Short Term Liabilities: JLL's short term assets ($5.6B) exceeds its short term liabilities ($4.9B)

Long Term Liabilities: JLL's short term assets (5.6B) exceeds its long term liabilities (3.3B)


Debt to Equity History and Analysis

Debt Level: JLL's debt to equity ratio (54.5%) is considered high

Reducing Debt: JLL's debt to equity ratio has increased from 31.1% to 54.5% over the past 5 years.

Debt Coverage: JLL's debt is not well covered by operating cash flow (13.3%).

Interest Coverage: JLL's interest payments on its debt are well covered by EBIT (15.8x coverage).


Balance Sheet

Inventory Level: JLL has a low level of unsold assets or inventory.

Debt Coverage by Assets: JLL's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

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

0.54%

Current Dividend Yield


Dividend Yield vs Market

company0.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Years0.6%

Current dividend yield vs market & industry

Notable Dividend: JLL's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: JLL's dividend (0.54%) is low compared to the top 25% of dividend payers in the US market (3.67%).


Stability and Growth of Payments

Stable Dividend: JLL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: JLL is not paying a notable dividend for the US market, therefore no need to check if payments are 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

What is the CEO of Jones Lang LaSalle's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Christian Ulbrich (53yo)

3.1yrs

Tenure

US$9,548,082

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD9.55M) is above average for companies of similar size in the US market ($USD6.77M).

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


Management Age and Tenure

3.1yrs

Average Tenure

53yo

Average Age

Experienced Management: JLL's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

61yo

Average Age

Experienced Board: JLL's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Management Team

  • Jeff Jacobson (57yo)

    CEO of LaSalle Investment Management & Member of Global Executive Board

    • Tenure: 0yrs
    • Compensation: US$6.30m
  • Neil Murray (43yo)

    Global CEO of Corporate Solutions & Member of Global Executive Board

    • Tenure: 0.4yrs
  • Greg O'Brien (57yo)

    CEO of Americas Business Segment & Member of Global Executive Board

    • Tenure: 5.8yrs
    • Compensation: US$6.14m
  • Christian Ulbrich (53yo)

    Chairman of Global Executive Board

    • Tenure: 3.1yrs
    • Compensation: US$9.55m
  • Guy Grainger (51yo)

    CEO of EMEA Business Segment & Member of Global Executive Board

    • Tenure: 0yrs
  • Trish Maxson (60yo)

    Chief Administrative Officer & Member of Global Executive Board

    • Tenure: 0yrs
    • Compensation: US$1.77m
  • Anthony Couse (53yo)

    CEO of Asia Pacific & Member of Global Executive Board

    • Tenure: 0yrs
    • Compensation: US$3.51m
  • Richard Bloxam (47yo)

    Global CEO of Capital Markets & Member of Global Executive Board

    • Tenure: 0yrs
    • Compensation: US$4.28m
  • Stephanie Plaines (52yo)

    Global CFO & Member of Global Executive Board

    • Tenure: 0.7yrs
  • Greg O’Brien

    Chief Executive Officer of Americas & Member of Global Executive Board

    • Tenure: 5.8yrs

Board Members

  • Ming Lu (61yo)

    Independent Director

    • Tenure: 10.5yrs
    • Compensation: US$238.18k
  • Sheila Penrose (73yo)

    Chairman & Lead Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$412.19k
  • Bridget Macaskill (71yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$236.35k
  • Sam Di Piazza (68yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$238.24k
  • Peter Riguardi

    Chairman & President of New York Tri-state Region

    • Tenure: 0yrs
  • Arthur De Haast (61yo)

    Chairman of Capital Markets Board

    • Tenure: 0yrs
  • Ann Petach (58yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$251.38k
  • Hugo Bagué (58yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$254.55k
  • Christian Ulbrich (53yo)

    Chairman of Global Executive Board

    • Tenure: 3.1yrs
    • Compensation: US$9.55m
  • Marty Nesbitt (57yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$236.38k

Company Information

Jones Lang LaSalle Incorporated's company bio, 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$8.238b
  • Shares outstanding: 51.53m
  • Website: https://www.us.jll.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JLLNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1997
4J2DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1997
0JPBLSE (London Stock Exchange)YesCommon StockGBUSDJul 1997

Biography

Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. It offers a range of real estate services, including agency l ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 23:38
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.