NYSE:JLL

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Undervalued with adequate balance sheet.


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

2.5%

JLL

11.7%

US Real Estate

1.0%

US Market


1 Year Return

-24.7%

JLL

-18.1%

US Real Estate

13.6%

US Market

Return vs Industry: JLL underperformed the US Real Estate industry which returned -18.1% over the past year.

Return vs Market: JLL underperformed the US Market which returned 13.6% over the past year.


Shareholder returns

JLLIndustryMarket
7 Day2.5%11.7%1.0%
30 Day9.3%19.2%-0.4%
90 Day-1.1%10.9%8.9%
1 Year-24.5%-24.7%-15.9%-18.1%16.2%13.6%
3 Year-14.3%-15.4%-12.0%-18.6%40.2%30.8%
5 Year-28.6%-30.3%-10.4%-20.0%89.6%68.2%

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?

35.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JLL ($103.22) is trading below our estimate of fair value ($160.13)

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 (12.6x) compared to the US Real Estate industry average (39x).

PE vs Market: JLL is good value based on its PE Ratio (12.6x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: JLL is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: JLL's PB Ratio (1.1x) is in line with the US Real Estate industry average.


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?

23.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JLL's forecast earnings growth (23.4% per year) is above the savings rate (2.2%).

Earnings vs Market: JLL's earnings (23.4% per year) are forecast to grow faster than the US market (23.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JLL's revenue (9.3% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: JLL's revenue (9.3% 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 (8.4%).


Next Steps

Past Performance

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

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JLL has a large one-off loss of $182.4M impacting its June 30 2020 financial results.

Growing Profit Margin: JLL's current net profit margins (4.3%) are lower than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: JLL's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: JLL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JLL had negative earnings growth (-9.5%) over the past year, making it difficult to compare to the Real Estate industry average (-1.2%).


Return on Equity

High ROE: JLL's Return on Equity (8.5%) is considered low.


Next Steps

Financial Health

How is Jones Lang LaSalle's financial position?


Financial Position Analysis

Short Term Liabilities: JLL's short term assets ($5.1B) exceed its short term liabilities ($4.6B).

Long Term Liabilities: JLL's short term assets ($5.1B) exceed its long term liabilities ($3.1B).


Debt to Equity History and Analysis

Debt Level: JLL's debt to equity ratio (44.1%) is considered high.

Reducing Debt: JLL's debt to equity ratio has increased from 26.1% to 44.1% over the past 5 years.

Debt Coverage: JLL's debt is well covered by operating cash flow (40.8%).

Interest Coverage: JLL's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.56%

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?

1.1yrs

Average management tenure


CEO

Christian Ulbrich (54 yo)

3.92yrs

Tenure

US$9,298,663

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 ($USD9.30M) is about average for companies of similar size in the US market ($USD7.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Christian Ulbrich
Chairman of Global Executive Board3.92yrsUS$9.30m0.12%
$ 6.7m
Jeff Jacobson
CEO of LaSalle Investment Management & Member of Global Executive Boardno dataUS$6.09m0.089%
$ 4.8m
Gregory O'Brien
CEO of Americas Business Segment & Member of Global Executive Board6.67yrsUS$6.07m0.054%
$ 2.9m
Mihir Shah
Co-CEO of JLL Technologies & Member of Global Executive Board1yrUS$7.72m0.0051%
$ 274.7k
Yishai Lerner
Co-CEO of JLL Technologies & Member of Global Executive Board1yrUS$7.72m0.0051%
$ 274.7k
Stephanie Plaines
Consultant0.17yrUS$3.52m0.00082%
$ 43.8k
Karen Brennan
CFO & Member of the Global Executive Board0.17yrno data0.0064%
$ 342.1k
Guy Grainger
CEO of EMEA Business Segment & Member of Global Executive Boardno datano data0.012%
$ 665.4k
Anthony Couse
CEO of Asia Pacific & Member of Global Executive Boardno dataUS$3.51m0.062%
$ 3.3m
Richard Bloxam
Global CEO of Capital Markets & Member of Global Executive Boardno dataUS$4.28m0.025%
$ 1.3m
Neil Murray
Global CEO of Corporate Solutions & Member of Global Executive Board1.25yrsno data0.0010%
$ 55.6k
Louis Bowers
Global Controller & Principal Accounting Officer5.08yrsno data0.0016%
$ 84.4k

1.1yrs

Average Tenure

50yo

Average Age

Experienced Management: JLL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Christian Ulbrich
Chairman of Global Executive Board3.92yrsUS$9.30m0.12%
$ 6.7m
Peter Riguardi
Chairman & President of New York Tri-state Regionno datano datano data
Ming Lu
Independent Director11.33yrsUS$235.83k0.025%
$ 1.3m
Siddharth Mehta
Independent Chairman0.25yrUS$185.42kno data
Sheila Penrose
Independent Director18.33yrsUS$413.26k0.097%
$ 5.2m
Bridget Macaskill
Independent Director4.17yrsUS$235.89k0.0062%
$ 328.7k
Samuel Di Piazza
Independent Director5.33yrsUS$238.33k0.018%
$ 965.3k
Ann Petach
Independent Director5.33yrsUS$250.83k0.0070%
$ 372.5k
Matthew Carter
Independent Non-Executive Director1.83yrsUS$235.00k0.00052%
$ 27.8k
Hugo Bagué
Independent Director9.5yrsUS$256.68k0.032%
$ 1.7m
Jeetendra Patel
Independent Director1.33yrsUS$203.75kno data
Martin Nesbitt
Independent Director9.5yrsUS$235.83k0.0052%
$ 275.8k

5.3yrs

Average Tenure

59yo

Average Age

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 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$5.345b
  • Shares outstanding: 51.78m
  • 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. The company offers a range of real estate services, including ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 05:55
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.