JONES LANG LASALLE INC (JLL) Stock Fundamental Analysis
NYSE:JLL - New York Stock Exchange, Inc. - US48020Q1076 - Common Stock - Currency: USD
JLL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 64 industry peers in the Real Estate Management & Development industry. JLL has only an average score on both its financial health and profitability. JLL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year JLL was profitable.
In the past year JLL had a positive cash flow from operations.
Of the past 5 years JLL 4 years were profitable.
JLL had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
JLL's Return On Assets of 2.68% is fine compared to the rest of the industry. JLL outperforms 80.00% of its industry peers.
Looking at the Return On Equity, with a value of 7.19%, JLL is in the better half of the industry, outperforming 78.33% of the companies in the same industry.
With an excellent Return On Invested Capital value of 5.40%, JLL belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for JLL is above the industry average of 4.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 7.19% | ||
| ROIC | 5.4% |
ROA(3y)3.94%
ROA(5y)3.71%
ROE(3y)10%
ROE(5y)9.55%
ROIC(3y)7.74%
ROIC(5y)7.64%
1.3 Margins
The Profit Margin of JLL (2.12%) is better than 66.67% of its industry peers.
JLL's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 3.61%, JLL is doing good in the industry, outperforming 65.00% of the companies in the same industry.
In the last couple of years the Operating Margin of JLL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.61% | ||
| PM (TTM) | 2.12% | ||
| GM | N/A |
OM growth 3Y-8.01%
OM growth 5Y-6.34%
PM growth 3Y-23.54%
PM growth 5Y-18.21%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
JLL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
JLL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 2.61 indicates that JLL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of JLL (2.61) is better than 70.00% of its industry peers.
The Debt to FCF ratio of JLL is 9.87, which is on the high side as it means it would take JLL, 9.87 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 9.87, JLL is doing good in the industry, outperforming 75.00% of the companies in the same industry.
JLL has a Debt/Equity ratio of 0.61. This is a neutral value indicating JLL is somewhat dependend on debt financing.
The Debt to Equity ratio of JLL (0.61) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 9.87 | ||
| Altman-Z | 2.61 |
ROIC/WACC0.63
WACC8.53%
2.3 Liquidity
A Current Ratio of 1.05 indicates that JLL should not have too much problems paying its short term obligations.
The Current ratio of JLL (1.05) is worse than 68.33% of its industry peers.
A Quick Ratio of 1.05 indicates that JLL should not have too much problems paying its short term obligations.
JLL's Quick ratio of 1.05 is on the low side compared to the rest of the industry. JLL is outperformed by 61.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 89.17% over the past year.
The Earnings Per Share has been growing slightly by 0.41% on average over the past years.
EPS 1Y (TTM)89.17%
EPS 3Y-10.53%
EPS 5Y0.41%
EPS Q2Q%45.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%212.37%
3.2 Future
The Earnings Per Share is expected to grow by 9.76% on average over the next years. This is quite good.
JLL is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 31.04% yearly.
EPS Next Y20.83%
EPS Next 2Y18.67%
EPS Next 3Y15.04%
EPS Next 5Y9.76%
Revenue Next Year10.34%
Revenue Next 2Y9.1%
Revenue Next 3Y51.77%
Revenue Next 5Y31.04%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.75, the valuation of JLL can be described as rather expensive.
Based on the Price/Earnings ratio, JLL is valued cheaply inside the industry as 81.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.63, JLL is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 15.51, the valuation of JLL can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of JLL indicates a rather cheap valuation: JLL is cheaper than 88.33% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of JLL to the average of the S&P500 Index (22.68), we can say JLL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.75 | ||
| Fwd PE | 15.51 |
4.2 Price Multiples
85.00% of the companies in the same industry are more expensive than JLL, based on the Enterprise Value to EBITDA ratio.
76.67% of the companies in the same industry are more expensive than JLL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.18 | ||
| EV/EBITDA | 12.8 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as JLL's earnings are expected to grow with 15.04% in the coming years.
PEG (NY)0.9
PEG (5Y)46.23
EPS Next 2Y18.67%
EPS Next 3Y15.04%
5. Dividend
5.1 Amount
JLL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
262.07
-10.21 (-3.75%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners96.29%
Inst Owner Change-1.25%
Ins Owners0.9%
Ins Owner Change0.15%
Market Cap12.43B
Analysts82.86
Price Target337.24 (28.68%)
Short Float %1.32%
Short Ratio2.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.32%
Min EPS beat(2)1.44%
Max EPS beat(2)23.2%
EPS beat(4)4
Avg EPS beat(4)36.84%
Min EPS beat(4)1.44%
Max EPS beat(4)110.65%
EPS beat(8)4
Avg EPS beat(8)0.3%
EPS beat(12)7
Avg EPS beat(12)5.6%
EPS beat(16)11
Avg EPS beat(16)30.37%
Revenue beat(2)1
Avg Revenue beat(2)1.13%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)4.03%
Revenue beat(4)3
Avg Revenue beat(4)2.19%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)4.03%
Revenue beat(8)5
Avg Revenue beat(8)19.24%
Revenue beat(12)9
Avg Revenue beat(12)64.05%
Revenue beat(16)13
Avg Revenue beat(16)93.34%
PT rev (1m)1.15%
PT rev (3m)18.57%
EPS NQ rev (1m)0.94%
EPS NQ rev (3m)3.55%
EPS NY rev (1m)1%
EPS NY rev (3m)6.97%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)2.09%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.75 | ||
| Fwd PE | 15.51 | ||
| P/S | 0.55 | ||
| P/FCF | 30.18 | ||
| P/OCF | 21.17 | ||
| P/B | 1.87 | ||
| P/tB | 9.88 | ||
| EV/EBITDA | 12.8 |
EPS(TTM)13.98
EY5.33%
EPS(NY)16.89
Fwd EY6.45%
FCF(TTM)8.68
FCFY3.31%
OCF(TTM)12.38
OCFY4.72%
SpS474.35
BVpS140.11
TBVpS26.53
PEG (NY)0.9
PEG (5Y)46.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.68% | ||
| ROE | 7.19% | ||
| ROCE | 8.29% | ||
| ROIC | 5.4% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 9.95% | ||
| OM | 3.61% | ||
| PM (TTM) | 2.12% | ||
| GM | N/A | ||
| FCFM | 1.83% |
ROA(3y)3.94%
ROA(5y)3.71%
ROE(3y)10%
ROE(5y)9.55%
ROIC(3y)7.74%
ROIC(5y)7.64%
ROICexc(3y)8.16%
ROICexc(5y)8.06%
ROICexgc(3y)18.71%
ROICexgc(5y)18.57%
ROCE(3y)9.92%
ROCE(5y)9.88%
ROICexcg growth 3Y-4.09%
ROICexcg growth 5Y-16.43%
ROICexc growth 3Y-3.95%
ROICexc growth 5Y-14.13%
OM growth 3Y-8.01%
OM growth 5Y-6.34%
PM growth 3Y-23.54%
PM growth 5Y-18.21%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 9.87 | ||
| Debt/EBITDA | 3.83 | ||
| Cap/Depr | 70% | ||
| Cap/Sales | 0.78% | ||
| Interest Coverage | 5.61 | ||
| Cash Conversion | 55.31% | ||
| Profit Quality | 86.17% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 2.61 |
F-Score7
WACC8.53%
ROIC/WACC0.63
Cap/Depr(3y)83.16%
Cap/Depr(5y)89.48%
Cap/Sales(3y)0.93%
Cap/Sales(5y)1.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)89.17%
EPS 3Y-10.53%
EPS 5Y0.41%
EPS Q2Q%45.39%
EPS Next Y20.83%
EPS Next 2Y18.67%
EPS Next 3Y15.04%
EPS Next 5Y9.76%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%212.37%
Revenue Next Year10.34%
Revenue Next 2Y9.1%
Revenue Next 3Y51.77%
Revenue Next 5Y31.04%
EBIT growth 1Y23.24%
EBIT growth 3Y-0.87%
EBIT growth 5Y-1.72%
EBIT Next Year90.14%
EBIT Next 3Y35.26%
EBIT Next 5Y23.07%
FCF growth 1Y157.6%
FCF growth 3Y-26.14%
FCF growth 5Y-0.32%
OCF growth 1Y63.08%
OCF growth 3Y-19.76%
OCF growth 5Y-0.95%