JONES LANG LASALLE INC (JLL) Stock Fundamental Analysis
NYSE:JLL - New York Stock Exchange, Inc. - US48020Q1076 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to JLL. JLL was compared to 64 industry peers in the Real Estate Management & Development industry. Both the profitability and the financial health of JLL get a neutral evaluation. Nothing too spectacular is happening here. JLL may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, JLL could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
JLL had positive earnings in the past year.
JLL had a positive operating cash flow in the past year.
Each year in the past 5 years JLL has been profitable.
Each year in the past 5 years JLL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of JLL (3.26%) is better than 87.50% of its industry peers.
With an excellent Return On Equity value of 8.08%, JLL belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
The Return On Invested Capital of JLL (7.02%) is better than 89.06% of its industry peers.
The Average Return On Invested Capital over the past 3 years for JLL is in line with the industry average of 5.55%.
The last Return On Invested Capital (7.02%) for JLL is above the 3 year average (6.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 8.08% | ||
| ROIC | 7.02% |
ROA(3y)2.96%
ROA(5y)3.58%
ROE(3y)7.51%
ROE(5y)9.08%
ROIC(3y)6.88%
ROIC(5y)7.31%
1.3 Margins
The Profit Margin of JLL (2.33%) is better than 67.19% of its industry peers.
JLL's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 3.80%, JLL is in the better half of the industry, outperforming 65.63% 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 | 3.8% | ||
| PM (TTM) | 2.33% | ||
| GM | N/A |
OM growth 3Y-13.42%
OM growth 5Y-5.33%
PM growth 3Y-22.26%
PM growth 5Y-4.71%
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 about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, JLL has less shares outstanding
The debt/assets ratio for JLL has been reduced compared to a year ago.
2.2 Solvency
JLL has an Altman-Z score of 2.71. This is not the best score and indicates that JLL is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.71, JLL is doing good in the industry, outperforming 71.88% of the companies in the same industry.
JLL has a debt to FCF ratio of 3.40. This is a good value and a sign of high solvency as JLL would need 3.40 years to pay back of all of its debts.
JLL has a Debt to FCF ratio of 3.40. This is amongst the best in the industry. JLL outperforms 81.25% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that JLL is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.30, JLL is doing good in the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.4 | ||
| Altman-Z | 2.71 |
ROIC/WACC0.83
WACC8.43%
2.3 Liquidity
A Current Ratio of 1.05 indicates that JLL should not have too much problems paying its short term obligations.
JLL has a Current ratio of 1.05. This is in the lower half of the industry: JLL underperforms 68.75% of its industry peers.
JLL has a Quick Ratio of 1.05. This is a normal value and indicates that JLL is financially healthy and should not expect problems in meeting its short term obligations.
JLL has a Quick ratio of 1.05. This is in the lower half of the industry: JLL underperforms 64.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
JLL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 89.17%, which is quite impressive.
JLL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.41% yearly.
JLL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.87%.
Measured over the past years, JLL shows a small growth in Revenue. The Revenue has been growing by 5.44% on average per year.
EPS 1Y (TTM)89.17%
EPS 3Y-10.53%
EPS 5Y0.41%
EPS Q2Q%45.39%
Revenue 1Y (TTM)12.87%
Revenue growth 3Y6.56%
Revenue growth 5Y5.44%
Sales Q2Q%212.37%
3.2 Future
The Earnings Per Share is expected to grow by 15.99% on average over the next years. This is quite good.
JLL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.86% yearly.
EPS Next Y18.42%
EPS Next 2Y18.22%
EPS Next 3Y16.35%
EPS Next 5Y15.99%
Revenue Next Year9.29%
Revenue Next 2Y8.48%
Revenue Next 3Y8.02%
Revenue Next 5Y-1.86%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.63, which indicates a correct valuation of JLL.
84.38% of the companies in the same industry are more expensive than JLL, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of JLL to the average of the S&P500 Index (27.63), we can say JLL is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.36, the valuation of JLL can be described as correct.
Based on the Price/Forward Earnings ratio, JLL is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
JLL's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 12.36 |
4.2 Price Multiples
JLL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. JLL is cheaper than 87.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, JLL is valued cheaper than 84.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.2 | ||
| EV/EBITDA | 8.85 |
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.
The decent profitability rating of JLL may justify a higher PE ratio.
JLL's earnings are expected to grow with 16.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.79
PEG (5Y)36.09
EPS Next 2Y18.22%
EPS Next 3Y16.35%
5. Dividend
5.1 Amount
JLL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
204.57
-6.55 (-3.1%)
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 Change0.89%
Ins Owners0.9%
Ins Owner Change3.42%
Market Cap9.72B
Analysts82.86
Price Target332.39 (62.48%)
Short Float %1.07%
Short Ratio1.35
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)13.1%
Min EPS beat(2)3%
Max EPS beat(2)23.2%
EPS beat(4)4
Avg EPS beat(4)34.57%
Min EPS beat(4)1.44%
Max EPS beat(4)110.65%
EPS beat(8)5
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)3.69%
EPS beat(16)11
Avg EPS beat(16)28.48%
Revenue beat(2)1
Avg Revenue beat(2)-31.96%
Min Revenue beat(2)-64.39%
Max Revenue beat(2)0.47%
Revenue beat(4)2
Avg Revenue beat(4)-15.73%
Min Revenue beat(4)-64.39%
Max Revenue beat(4)2.77%
Revenue beat(8)4
Avg Revenue beat(8)-7.48%
Revenue beat(12)8
Avg Revenue beat(12)47.56%
Revenue beat(16)12
Avg Revenue beat(16)78.57%
PT rev (1m)-2.07%
PT rev (3m)0.08%
EPS NQ rev (1m)-2.58%
EPS NQ rev (3m)-7.18%
EPS NY rev (1m)-2%
EPS NY rev (3m)-1.67%
Revenue NQ rev (1m)-2.92%
Revenue NQ rev (3m)211.07%
Revenue NY rev (1m)-1.7%
Revenue NY rev (3m)189.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.63 | ||
| Fwd PE | 12.36 | ||
| P/S | 0.41 | ||
| P/FCF | 16.2 | ||
| P/OCF | 12.38 | ||
| P/B | 1.44 | ||
| P/tB | 6.77 | ||
| EV/EBITDA | 8.85 |
EPS(TTM)13.98
EY6.83%
EPS(NY)16.55
Fwd EY8.09%
FCF(TTM)12.62
FCFY6.17%
OCF(TTM)16.53
OCFY8.08%
SpS493.22
BVpS142.53
TBVpS30.23
PEG (NY)0.79
PEG (5Y)36.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 8.08% | ||
| ROCE | 9.26% | ||
| ROIC | 7.02% | ||
| ROICexc | 7.3% | ||
| ROICexgc | 14.99% | ||
| OM | 3.8% | ||
| PM (TTM) | 2.33% | ||
| GM | N/A | ||
| FCFM | 2.56% |
ROA(3y)2.96%
ROA(5y)3.58%
ROE(3y)7.51%
ROE(5y)9.08%
ROIC(3y)6.88%
ROIC(5y)7.31%
ROICexc(3y)7.19%
ROICexc(5y)7.7%
ROICexgc(3y)15.45%
ROICexgc(5y)17.13%
ROCE(3y)8.81%
ROCE(5y)9.53%
ROICexcg growth 3Y-15.65%
ROICexcg growth 5Y-7.84%
ROICexc growth 3Y-10.9%
ROICexc growth 5Y-4.7%
OM growth 3Y-13.42%
OM growth 5Y-5.33%
PM growth 3Y-22.26%
PM growth 5Y-4.71%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover1.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.4 | ||
| Debt/EBITDA | 1.78 | ||
| Cap/Depr | 72.52% | ||
| Cap/Sales | 0.79% | ||
| Interest Coverage | 6.06 | ||
| Cash Conversion | 68.47% | ||
| Profit Quality | 109.69% | ||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 2.71 |
F-Score8
WACC8.43%
ROIC/WACC0.83
Cap/Depr(3y)80.38%
Cap/Depr(5y)77.6%
Cap/Sales(3y)0.89%
Cap/Sales(5y)0.9%
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 Y18.42%
EPS Next 2Y18.22%
EPS Next 3Y16.35%
EPS Next 5Y15.99%
Revenue 1Y (TTM)12.87%
Revenue growth 3Y6.56%
Revenue growth 5Y5.44%
Sales Q2Q%212.37%
Revenue Next Year9.29%
Revenue Next 2Y8.48%
Revenue Next 3Y8.02%
Revenue Next 5Y-1.86%
EBIT growth 1Y31.6%
EBIT growth 3Y-7.75%
EBIT growth 5Y-0.18%
EBIT Next Year52.97%
EBIT Next 3Y23.49%
EBIT Next 5Y16.09%
FCF growth 1Y54.23%
FCF growth 3Y-9.02%
FCF growth 5Y22.57%
OCF growth 1Y36.38%
OCF growth 3Y-6.88%
OCF growth 5Y10.17%