John Laing Group (JLG)

Business description

John Laing is an originator, active investor in, and manager of greenfield infrastructure projects. John Laing operates internationally and its business is focused on the transport, energy, social and environmental sectors.

Stock data

Market cap.£1025.7m
Last close279.50p
High / Low (52 weeks)317.8p / 252.0p
Stock market listingLN
Forecast net debt (£m)244.5
Forecast gearing ratio (%)22
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual(1.7)(4.3)(0.7)
Relative *(2.7)(5.9)(8.7)

* % Relative to local index

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Company news

John Laing says 2017 total investments, realisations well ahead of guidance ...

Fri, 08 Dec 2017 08:25:10 GMT

TOP NEWS: John Laing Group Net Asset Value Grows But Profit Declines

Thu, 24 Aug 2017 07:18:45 GMT

John Laing Group plc completes its first investment in an offshore wind farm

Fri, 19 Aug 2016 08:26:15 GMT

Are Aviva plc And John Laing Group PLC Star Buys For 2016?

Fri, 11 Dec 2015 12:22:30 GMT

John Laing Group plc (JLG) Increased 0.47% on Dec 15

Fri, 15 Dec 2017 11:48:45 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 167.6 113.4 100.9 27.6 10.1 N/A
2016A 260.8 203.2 192.1 51.9 5.4 8.2
2017E 189.9 134.2 122.1 33.3 8.4 N/A
2018E 215.1 158.3 144.7 39.4 7.1 N/A

Last updated on 13/12/2017

Latest research

Investment summary

John Laing Group’s (JLG) trading update and recent disposal of a wind farm provided year-to-date figures for investment commitments and realisations. The figures confirmed the strength of the underlying infrastructure project market and highlighted the increased level of activity within the business. We have revised our forecasts and now expect a special dividend payment of 5.3p/share (6.5% of £299m), offering a yield on the final and special payments combined, of c 3.3%. We expect further NAV growth in FY17 and beyond, and believe JLG’s rating is undemanding.

Last updated on 13/12/2017

Industry outlook

Predicted population growth and a drive for increased renewable energy generation create a favourable outlook for investment in infrastructure projects.

Last updated on 02/11/2017

Key management

Dr Phil Nolan, Chairman
Olivier Brousse, CEO
Patrick Bourke, FD

Company address

1 Kingsway
London
WC2B 6AN
United Kingdom
+44 (0)20 7901 3200
View website