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John Laing Group

BATS-CHIXE:JLGl
Snowflake Description

High growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JLGl
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • John Laing Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
JLGl Share Price and Events
7 Day Returns
4.9%
BATS-CHIXE:JLGl
7.1%
GB Construction
5.3%
GB Market
1 Year Returns
-13.5%
BATS-CHIXE:JLGl
-30.4%
GB Construction
-21.5%
GB Market
JLGl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
John Laing Group (JLGl) 4.9% 2.5% -10.9% -13.5% 18.1% 56.7%
GB Construction 7.1% -11.5% -19.6% -30.4% -55.5% -54.4%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • JLGl outperformed the Construction industry which returned -30.4% over the past year.
  • JLGl outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
JLGl
Industry
5yr Volatility vs Market

JLGl Value

 Is John Laing Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of John Laing Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for John Laing Group.

BATS-CHIXE:JLGl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in GBP £ 0.10860363636364
Payout Ratio Company Filings (2019-12-31) 1350.9%
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:JLGl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 19%) (14.27%))
1.246
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.246 * 6.07%)
8.09%

Discounted Cash Flow Calculation for BATS-CHIXE:JLGl using Dividend Discount Model Model

The calculations below outline how an intrinsic value for John Laing Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:JLGl Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.11 / (8.09% - 0.53%)
£1.39
BATS-CHIXE:JLGl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:JLGl represents 0.98534x of LSE:JLG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98534x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.44 x 0.98534
£1.42
Value per share (GBP) From above. £1.42
Current discount Discount to share price of £3.43
= -1 x (£3.43 - £1.42) / £1.42
-142.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of John Laing Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for John Laing Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are John Laing Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:JLGl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.20
LSE:JLG Share Price ** LSE (2020-04-09) in GBP £3.48
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.77x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of John Laing Group.

BATS-CHIXE:JLGl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:JLG Share Price ÷ EPS (both in GBP)

= 3.48 ÷ 0.20

17.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • John Laing Group is overvalued based on earnings compared to the GB Construction industry average.
  • John Laing Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does John Laing Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:JLGl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
39.8%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:JLGl PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.09x ÷ 39.8%

0.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • John Laing Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on John Laing Group's assets?
Raw Data
BATS-CHIXE:JLGl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £3.36
LSE:JLG Share Price * LSE (2020-04-09) in GBP £3.48
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:JLGl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:JLG Share Price ÷ Book Value per Share (both in GBP)

= 3.48 ÷ 3.36

1.03x

* Primary Listing of John Laing Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • John Laing Group is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess John Laing Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. John Laing Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JLGl Future Performance

 How is John Laing Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is John Laing Group expected to grow at an attractive rate?
  • John Laing Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • John Laing Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • John Laing Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:JLGl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:JLGl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 39.8%
BATS-CHIXE:JLGl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 28.7%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 16%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:JLGl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:JLGl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 406 1
2021-12-31 346 232 3
2020-12-31 247 -56 149 2
2020-04-09
BATS-CHIXE:JLGl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 169 -61 100
2019-09-30 212 -59 129
2019-06-30 254 -57 157
2019-03-31 324 -55 227
2018-12-31 393 -54 296
2018-09-30 364 -54 280
2018-06-30 335 -55 264
2018-03-31 264 -51 196
2017-12-31 193 -47 128
2017-09-30 188 -44 124
2017-06-30 182 -40 121
2017-03-31 218 -39 156

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • John Laing Group's earnings are expected to grow significantly at over 20% yearly.
  • John Laing Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:JLGl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from John Laing Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:JLGl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.61 0.61 0.61 1.00
2021-12-31 0.54 0.54 0.54 1.00
2020-12-31 0.32 0.32 0.32 1.00
2020-04-09
BATS-CHIXE:JLGl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.20
2019-09-30 0.26
2019-06-30 0.32
2019-03-31 0.47
2018-12-31 0.63
2018-09-30 0.57
2018-06-30 0.65
2018-03-31 0.40
2017-12-31 0.35
2017-09-30 0.34
2017-06-30 0.33
2017-03-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • John Laing Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess John Laing Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
John Laing Group has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JLGl Past Performance

  How has John Laing Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare John Laing Group's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • John Laing Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • John Laing Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • John Laing Group's 1-year earnings growth is negative, it can't be compared to the GB Construction industry average.
Earnings and Revenue History
John Laing Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from John Laing Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:JLGl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 169.00 100.00 65.00
2019-09-30 211.50 128.50 64.65
2019-06-30 254.40 157.30 63.40
2019-03-31 323.90 226.80 62.75
2018-12-31 393.00 296.00 63.00
2018-09-30 363.80 280.05 64.20
2018-06-30 334.60 264.10 65.40
2018-03-31 263.80 195.80 62.80
2017-12-31 193.00 127.50 60.20
2017-09-30 187.50 124.25 59.45
2017-06-30 182.00 121.00 58.70
2017-03-31 217.65 155.65 59.20
2016-12-31 253.30 190.30 59.70
2016-06-30 233.70 169.50 59.10
2016-03-31 195.75 132.45 57.05
2015-12-31 157.80 95.40 55.00
2014-12-31 195.20 120.60 68.50
2014-09-30 227.40 125.30 70.30
2013-12-31 223.30 131.80 71.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • John Laing Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • John Laing Group used its assets more efficiently than the GB Construction industry average last year based on Return on Assets.
  • John Laing Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess John Laing Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
John Laing Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JLGl Health

 How is John Laing Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up John Laing Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • John Laing Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • John Laing Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of John Laing Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from John Laing Group Company Filings, last reported 3 months ago.

BATS-CHIXE:JLGl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,658.00 236.00 2.00
2019-09-30 1,658.00 236.00 2.00
2019-06-30 1,599.00 74.00 2.00
2019-03-31 1,599.00 74.00 2.00
2018-12-31 1,586.00 66.00 6.00
2018-09-30 1,586.00 66.00 6.00
2018-06-30 1,505.40 8.90 68.40
2018-03-31 1,505.40 8.90 68.40
2017-12-31 1,123.90 173.20 2.50
2017-09-30 1,123.90 173.20 2.50
2017-06-30 1,040.40 61.70 1.70
2017-03-31 1,040.40 61.70 1.70
2016-12-31 1,016.80 161.40 1.60
2016-06-30 963.70 96.10 1.70
2016-03-31 963.70 96.10 1.70
2015-12-31 889.60 14.90 1.10
2014-12-31 649.80 0.00 2.10
2014-09-30 -337.90 967.70 2.90
2013-12-31 528.00 6.00 2.30
  • John Laing Group's level of debt (14.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 14.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 10.9x coverage).
X
Financial health checks
We assess John Laing Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. John Laing Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JLGl Dividends

 What is John Laing Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.73%
Current annual income from John Laing Group dividends. Estimated to be 3.12% next year.
If you bought £2,000 of John Laing Group shares you are expected to receive £55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • John Laing Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • John Laing Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
Upcoming dividend payment

Purchase John Laing Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:JLGl Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:JLGl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.11 1.00
2022-12-31 0.11 2.00
2021-12-31 0.11 4.00
2020-12-31 0.11 4.00
2020-04-09
BATS-CHIXE:JLGl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.095 2.842
2020-03-03 0.095 2.941
2019-08-22 0.095 2.609
2019-03-05 0.095 2.470
2018-08-23 0.105 3.208
2018-04-04 0.106 3.755
2018-03-08 0.106 4.122
2017-04-11 0.082 2.813
2017-03-07 0.082 3.006
2016-03-08 0.064 2.610
2015-08-27 0.032 1.585

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, John Laing Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but John Laing Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of John Laing Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess John Laing Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can John Laing Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. John Laing Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JLGl Management

 What is the CEO of John Laing Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier Brousse
COMPENSATION £2,069,000
AGE 54
TENURE AS CEO 6.1 years
CEO Bio

Mr. Olivier Brousse, EP, ENPC, has been the Chief Executive Officer of John Laing Group plc since March 2014. Mr. Brousse has been the Chief Executive at John Laing Limited since March 1, 2014. From 2008 to 2014, He serves as Senior Executive Vice President of Strategy and Innovation at Veolia Environnement S.A. He served as the Chief Executive Officer at Saur SAS. He serves as an Assistant General Manager of Veolia Transport, parent company of Veolia Transportation, Inc. He served as the Executive Chairman of Saur S.A. from 2013 to 2014 and its Chief Executive Officer from 2008 to 2013. He served as an Executive Vice President of Marketing & Communications of Veolia Transportation, Inc. He joined Veolia Group in 1994, working for Group Chief Executive Officer and was part of the major B.O.T. projects for the Transport and Waste Management divisions. He served as Managing Director of CFTA, Veolia's French rail subsidiary since 1995. He had responsibility for two passenger lines, five freight lines and 500 employees. He served as Deputy Chief Executive Officer of Veolia Transportation, France from 2006 to 2008. He served as Chief Executive Officer of Veolia Transportation Inc. from 2003 to 2006. Mr. Brousse served as Chief Executive of Veolia Transportation from February 2004 to 2006 and during this time, he gathered a team of first-class transportation professionals and entrepreneurs. He served as President and Chief Executive Officer of Connex North America, Inc. from 1998 to 2003. He served as Chief Executive Officer of Connex UK since October 2001. He joined Connex in 1998 as Commercial Director and served as its Managing Director before taking over as Chief Executive Officer and his main priorities during that time were to focus on safety and customer service, opening it to the stakeholders' scrutiny, in order to restore its credibility. He served as Chief of Staff to Henri Proglio, Chairman & CEO of Compagnie Générale des Eaux, France from 1994 to 1998. He served as Commercial Director, Unic Systems, France from 1990 to 1994. From 1990, he worked for Unic in France and served as its Managing Director since 1992. He contributed in the development of Unic. He serves as Chairman and Member of the Advisory Board for Veolia Transportation, Inc. He has been an Executive Director of John Laing Group plc since January 16, 2015 and John Laing Limited since March 3, 2014. Mr. Brousse graduated from the École Polytechnique in 1988 and the École des Ponts et Chaussées in 1990.

CEO Compensation
  • Olivier's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Olivier's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the John Laing Group management team in years:

2.5
Average Tenure
  • The tenure for the John Laing Group management team is about average.
Management Team

Olivier Brousse

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
54
TENURE
6.1 yrs

Luciana Germinario

TITLE
CFO & Director
TENURE
0.9 yrs

Mike Jaffe

TITLE
Corporate Finance Director

Romina Dawson-Hall

TITLE
Group Human Resources Director
TENURE
4.3 yrs

Chris Waples

TITLE
Group Managing Director of International Projects
AGE
60

Mark Westbrook

TITLE
Chief Risk Officer

Anthony Phillips

TITLE
Regional MD of North America
TENURE
2.5 yrs

Justin Bailey

TITLE
Regional Managing Director of Asia Pacific

Salim Bensmail

TITLE
Group Managing Director for Strategy & Partnerships
TENURE
1.5 yrs

Anthony Philips

TITLE
Regional Managing Director - North America
Board of Directors Tenure

Average tenure and age of the John Laing Group board of directors in years:

3.6
Average Tenure
59.5
Average Age
  • The tenure for the John Laing Group board of directors is about average.
Board of Directors

Will Samuel

TITLE
Non-Executive Chairman
COMPENSATION
£144K
AGE
67
TENURE
1.9 yrs

Olivier Brousse

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
54
TENURE
5.3 yrs

Luciana Germinario

TITLE
CFO & Director
TENURE
1 yrs

David Rough

TITLE
Senior Independent Director
COMPENSATION
£59K
AGE
68

Toby Hiscock

TITLE
Independent Non-Executive Director
COMPENSATION
£63K
AGE
60
TENURE
10.8 yrs

Anne Wade

TITLE
Independent Non-Executive Director
COMPENSATION
£62K
AGE
47
TENURE
5.3 yrs

Jeremy Beeton

TITLE
Independent Non-Executive Director
COMPENSATION
£48K
AGE
66
TENURE
5.3 yrs

Andrea Abt

TITLE
Independent Non-Executive Director
COMPENSATION
£32K
AGE
59
TENURE
1.9 yrs

Philip Keller

TITLE
Independent Non-Executive Director
AGE
53
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by John Laing Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
19. Mar 20 Buy Luciana Germinario Individual 16. Mar 20 16. Mar 20 3,280 £3.02 £9,892
13. Mar 20 Buy Luciana Germinario Individual 12. Mar 20 12. Mar 20 4,695 £3.18 £14,914
06. Mar 20 Sell Nicholas Hiscock Individual 04. Mar 20 04. Mar 20 -5,516 £3.63 £-20,001
06. Mar 20 Buy Nicholas Hiscock Individual 04. Mar 20 04. Mar 20 5,476 £3.63 £19,885
X
Management checks
We assess John Laing Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. John Laing Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JLGl News

Simply Wall St News

JLGl Company Info

Description

John Laing Group plc, an investment holding company, originates, invests in, and manages greenfield infrastructure projects. It operates through Primary Investment, Secondary Investment, and Asset Management segments. The company originates, invests in, and manages social, transport, and environmental infrastructure projects under government backed public-private partnership programs in the Asia Pacific, North America, Contiental Europe, and the United Kingdom; and invests in and manages solar PV parks, onshore and offshore wind farm projects, and biomass plants in the United Kingdom, Irish, French, German, Swedish, and Australian markets. It also provides investment advice and asset management services to listed funds. Laing Group plc was founded in 1848 and is headquartered in London, the United Kingdom.

Details
Name: John Laing Group plc
JLGl
Exchange: BATS-CHIXE
Founded: 1848
£1,682,118,170
493,000,636
Website: http://www.laing.com
Address: John Laing Group plc
1 Kingsway,
London,
Greater London, WC2B 6AN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE JLG Ordinary Shares London Stock Exchange GB GBP 12. Feb 2015
DB JL0 Ordinary Shares Deutsche Boerse AG DE EUR 12. Feb 2015
BATS-CHIXE JLGl Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. Feb 2015
Number of employees
Current staff
Staff numbers
153
John Laing Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:59
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.