CBRE Group, Inc. (CBRE) vs Jones Lang LaSalle Incorporated (JLL)

CBRE Group, Inc. and Jones Lang LaSalle Incorporated are both Real Estate Services companies. CBRE Group, Inc. is the larger, with a market value of $39.5B against $14.9B — 2.6× the size. Jones Lang LaSalle Incorporated trades at the lower P/E: 15.1× against 30.6×. CBRE Group, Inc. grew revenue faster over the last twelve months: 14.9% against 11.2%. Jones Lang LaSalle Incorporated has the higher net margin (3.64% vs 2.98%) and the lower return on invested capital (9.08% vs 9.60%). Across the 22 metrics below, Jones Lang LaSalle Incorporated leads on 18 and CBRE Group, Inc. on 4.

Valuation

Metric CBRE JLL Real Estate Services median
P/E 30.58 15.11 16.25
P/S 0.90 0.54 1.12
P/B 4.50 1.96 1.32
Price to free cash flow 26.89 13.29 13.29
EV/EBITDA 14.52 9.81 10.22
EV/Sales 0.99 0.59 1.16
Earnings yield 3.27% 6.62% 0.99%
Free cash flow yield 3.72% 7.53% (0.97%)

Profitability

Metric CBRE JLL Real Estate Services median
Gross margin 18.57% 54.49% 26.81%
Operating margin 4.53% 4.65% 0.00%
Net margin 2.98% 3.64% 0.11%
Free cash flow margin 2.56% 4.08% 0.00%
Return on equity 15.04% 13.54% 0.94%
Return on assets 4.47% 5.74% 0.00%
Return on invested capital 9.60% 9.08% 0.00%

Growth

Metric CBRE JLL Real Estate Services median
Revenue growth (TTM) 14.93% 11.17% 4.33%
EPS growth (last fiscal year) 22.61% 45.13% —
Revenue growth, 5-year CAGR 11.22% 9.50% 4.05%
Net income growth, 5-year CAGR 9.00% 14.50% 0.00%

Health

Metric CBRE JLL Real Estate Services median
Debt to equity 0.67 0.22 0.08
Current ratio 1.14 2.40 1.95
Net debt to EBITDA 1.16 0.20 0.54

Dividend

Metric CBRE JLL Real Estate Services median
Dividend yield 1.18% — 1.33%
Payout ratio 0.00 0.00 0.00

Size

Metric CBRE JLL Real Estate Services median
Market cap 39.52b 14.92b 218.52m

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