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 65 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on JLL. These ratings would make JLL suitable 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
JLL's Return On Assets of 3.26% is amongst the best of the industry. JLL outperforms 89.23% of its industry peers.
JLL's Return On Equity of 8.08% is amongst the best of the industry. JLL outperforms 84.62% of its industry peers.
With an excellent Return On Invested Capital value of 7.02%, JLL belongs to the best of the industry, outperforming 87.69% of the companies in the same industry.
JLL had an Average Return On Invested Capital over the past 3 years of 6.88%. This is in line with the industry average of 5.55%.
The 3 year average ROIC (6.88%) for JLL is below the current ROIC(7.02%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 2.33%, JLL is doing good in the industry, outperforming 66.15% of the companies in the same industry.
In the last couple of years the Profit Margin of JLL has declined.
Looking at the Operating Margin, with a value of 3.80%, JLL is in the better half of the industry, outperforming 64.62% 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.
The number of shares outstanding for JLL remains at a similar level compared to 1 year ago.
The number of shares outstanding for JLL has been reduced compared to 5 years ago.
JLL has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.78 indicates that JLL is not a great score, but indicates only limited risk for bankruptcy at the moment.
JLL has a better Altman-Z score (2.78) than 75.38% of its industry peers.
The Debt to FCF ratio of JLL is 3.40, which is a good value as it means it would take JLL, 3.40 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.40, JLL belongs to the best of the industry, outperforming 83.08% of the companies in the same industry.
JLL has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.30, JLL is doing good in the industry, outperforming 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.4 | ||
| Altman-Z | 2.78 |
ROIC/WACC0.83
WACC8.5%
2.3 Liquidity
JLL has a Current 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.
With a Current ratio value of 1.05, JLL is not doing good in the industry: 66.15% of the companies in the same industry are doing better.
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.
With a Quick ratio value of 1.05, JLL is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
| 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 70.31%, which is quite impressive.
Measured over the past 5 years, JLL shows a small growth in Earnings Per Share. The EPS has been growing by 0.41% on average per year.
The Revenue has grown by 12.87% in the past year. This is quite good.
JLL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.44% yearly.
EPS 1Y (TTM)70.31%
EPS 3Y-10.53%
EPS 5Y0.41%
EPS Q2Q%29.78%
Revenue 1Y (TTM)12.87%
Revenue growth 3Y6.56%
Revenue growth 5Y5.44%
Sales Q2Q%251.46%
3.2 Future
The Earnings Per Share is expected to grow by 15.99% on average over the next years. This is quite good.
The Revenue is expected to decrease by -1.86% on average over the next years.
EPS Next Y18.42%
EPS Next 2Y18.22%
EPS Next 3Y16.35%
EPS Next 5Y15.99%
Revenue Next Year9.21%
Revenue Next 2Y8.44%
Revenue Next 3Y7.98%
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 15.83, which indicates a correct valuation of JLL.
Based on the Price/Earnings ratio, JLL is valued cheaply inside the industry as 81.54% of the companies are valued more expensively.
JLL is valuated rather cheaply when we compare the Price/Earnings ratio to 24.21, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.75 indicates a reasonable valuation of JLL.
90.77% of the companies in the same industry are more expensive than JLL, based on the Price/Forward Earnings ratio.
JLL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.83 | ||
| Fwd PE | 11.75 |
4.2 Price Multiples
87.69% of the companies in the same industry are more expensive than JLL, based on the Enterprise Value to EBITDA ratio.
JLL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. JLL is cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.19 | ||
| EV/EBITDA | 9.81 |
4.3 Compensation for Growth
JLL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
JLL has a very decent profitability rating, which 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)0.86
PEG (5Y)39.03
EPS Next 2Y18.22%
EPS Next 3Y16.35%
5. Dividend
5.1 Amount
No dividends for JLL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
229.63
+1.86 (+0.82%)
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 Change0.74%
Ins Owners0.9%
Ins Owner Change3.42%
Market Cap10.91B
Analysts82.86
Price Target306.29 (33.38%)
Short Float %1.34%
Short Ratio1.6
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)-7.85%
PT rev (3m)-8.83%
EPS NQ rev (1m)-8.58%
EPS NQ rev (3m)-12.69%
EPS NY rev (1m)-2.58%
EPS NY rev (3m)-1.6%
Revenue NQ rev (1m)-3.84%
Revenue NQ rev (3m)204.77%
Revenue NY rev (1m)-1.74%
Revenue NY rev (3m)189.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.83 | ||
| Fwd PE | 11.75 | ||
| P/S | 0.47 | ||
| P/FCF | 18.19 | ||
| P/OCF | 13.89 | ||
| P/B | 1.61 | ||
| P/tB | 7.6 | ||
| EV/EBITDA | 9.81 |
EPS(TTM)14.51
EY6.32%
EPS(NY)19.54
Fwd EY8.51%
FCF(TTM)12.62
FCFY5.5%
OCF(TTM)16.53
OCFY7.2%
SpS493.22
BVpS142.53
TBVpS30.23
PEG (NY)0.86
PEG (5Y)39.03
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 | 2.78 |
F-Score8
WACC8.5%
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)70.31%
EPS 3Y-10.53%
EPS 5Y0.41%
EPS Q2Q%29.78%
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%251.46%
Revenue Next Year9.21%
Revenue Next 2Y8.44%
Revenue Next 3Y7.98%
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%