John Laing Group

LN: JLG

£1566.6m market cap

317.6p last close

John Laing is an international originator, active investor and manager of infrastructure projects.

Investment summary

For the purposes of the Takeover Code, Edison is deemed to be connected with John Laing Group as a provider of paid-for research. Under Rule 20.1 Edison must not include any profit forecast, quantified financial benefits statement, asset valuation or estimate of other figures key to the offer, except to the extent that such forecasts, statements, valuations or estimates have been published prior to the offer period (as defined in the Takeover Code) by an offeror or the offeree company (as appropriate) in accordance with the requirements of the Code. Consequently we have removed our estimates until the offer period ends.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2019A 179.0 111.0 100.0 20.2 15.7 N/A
2020A 25.0 (24.0) (65.0) (13.3) N/A N/A
2021E N/A N/A N/A N/A N/A N/A
2022E N/A N/A N/A N/A N/A N/A
Industry outlook

Substantial boosts to infrastructure spending are expected as developed economies look to stimulate growth following the COVID-19 pandemic. Digital, transport and energy infrastructure are key parts of many countries recovery plans.

Last updated on 05/05/2021
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Dan Gardiner

Director
Sector
Industrials
Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 0.8 (3.0) (12.2)
Relative* (3.3) (10.3) (29.4)
52-week high/low 373.2p/273.6p
*% relative to local index
Key management
Ben Loomes CEO
Rob Memmott CFO
Kellie McAvoy Head of IR
Company website

Content on John Laing Group

Show all

John Laing Group – From transition to implementation

Industrials research
Update
10 March 2021

John Laing Group – Grow, optimise and enhance

Industrials research
Outlook
17 February 2021

John Laing Group – Steady as she goes

Industrials research
Update
3 November 2020

John Laing Group – Sale of Australian wind farm assets

Industrials research
Flash note
19 October 2020

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