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Jones Lang LaSalle Inc JLL

Morningstar Rating
$192.86 +2.62 (1.38%)
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Company Report

JLL's Brokerage Business and Margins Should Hold Up Better in 2024

Jones Lang LaSalle, or JLL, has benefited from the secular trends in the real estate services industry and has experienced explosive growth over the past decade as it recovered from the global financial crisis in 2007. The company has transformed itself into a more resilient cash flow generator throughout the business cycle by broadening the basket of services that it provides and capturing an increased wallet share of real estate spending. The firm is a leader in inter-regional transactions, and we believe that its recent efforts to further enhance cross-functional cooperation and improve connectivity across various geographical regions will drive new growth opportunities and ensure better service to its multinational clients.

Price vs Fair Value

JLL is trading at a 8% discount.
Price
$192.86
Fair Value
$138.00
Uncertainty
High
1-Star Price
$217.70
5-Star Price
$923.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As one of the largest of only a few truly international one-stop shops, JLL is poised to continue taking share from competitors in a growing industry that increasingly rewards scale.

Bears

The effects of technological disintermediation have the potential to erode the value of the expertise and services that JLL provides to its clients, negatively impacting its capital markets.

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News

Trading Information

Previous Close Price
$190.24
Day Range
$188.16193.20
52-Week Range
$119.46193.82
Bid/Ask
$191.79 / $193.37
Market Cap
$9.17 Bil
Volume/Avg
323,310 / 282,974

Key Statistics

Price/Earnings (Normalized)
26.10
Price/Sales
0.45
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
1.01%

Company Profile

Jones Lang LaSalle provides a wide range of real estate-related services to owners, occupiers, and investors worldwide, including leasing, property and project management, and capital markets advisory. JLL’s investment management arm, LaSalle Investment Management, manages over $74 billion for clients across diverse public and private real estate strategies.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Small Value
Total Number of Employees
106,100

Competitors

Valuation

Metric
JLL
CBRE
CSGP
Price/Earnings (Normalized)
26.1024.5368.94
Price/Book Value
1.453.434.91
Price/Sales
0.450.9114.63
Price/Cash Flow
11.4922.5552.10
Price/Earnings
JLL
CBRE
CSGP

Financial Strength

Metric
JLL
CBRE
CSGP
Quick Ratio
0.981.0811.86
Current Ratio
1.061.1712.01
Interest Coverage
2.869.57
Quick Ratio
JLL
CBRE
CSGP

Profitability

Metric
JLL
CBRE
CSGP
Return on Assets (Normalized)
2.27%5.58%5.36%
Return on Equity (Normalized)
5.86%15.08%6.54%
Return on Invested Capital (Normalized)
4.85%9.71%3.72%
Return on Assets
JLL
CBRE
CSGP
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