Jones Lang Lasalle Inc Dossier
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SectorReal Estate IndustryReal Estate Services Beta (adjusted)1.16 Intrinsic Value $230.28median of 1 methodbased on filings through 30 Jun 2026 Market Price $306.81Price as of 2 Oct 2026 OvervaluedIntrinsic value is 25% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $14.1B Enterprise Value $13.9B Shares Outstanding 47.3M diluted Next Earnings Date4 Nov 2026 Last ex-dividend14 Nov 2019 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary JLL entered the second half of 2026 with strong operating momentum: second-quarter revenue increased 10% in local currency, Advisory revenue increased 21%, and adjusted EBITDA increased 33%. Accelerate 2030 targets 8% annual revenue growth, 12% adjusted EBITDA growth, and 16% adjusted EPS growth on average through the cycle, while the remaining repurchase authorization was $2.6 billion at June 30. These strengths are substantially reflected in a share price near its official 52-week high. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$315.00 Mean target$412.70 High · most bullish analyst$500.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $315.0020% Commercial real-estate transaction activity weakens, causing Leasing Advisory and Capital Markets growth to fall below plan. Operating leverage then reverses, while negative first-half free cash flow and execution spending reduce near-term capital-allocation flexibility. Base CaseCentral scenario $412.7055% Matches the consensus meanGrowth moderates from the exceptional first-half pace but remains broadly consistent with Accelerate 2030. Resilient services offset normal Advisory cyclicality, and capital returns continue. Bull CaseUpside scenario $500.0025% Advisory demand remains substantially above the through-cycle plan, Workplace Management continues expanding, and platform leverage converts revenue growth into profit growth above Accelerate 2030 targets. Continued repurchases would further support per-share compounding. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |