£1904.2m market cap
388p last close
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.
Investment summary
John Laing Group (JLG) posted strong growth in FY18 with the principal benchmark, NAV per share, up 15% (18.2% including dividends paid). JLG can now point to a compound growth rate in NAV per share (with dividends) of 15.8% since its IPO in 2015. With a strengthened balance sheet and a geographically diversified business, JLG remains well placed to exploit the growth opportunities provided by a strong global market for infrastructure assets.
Y/E Dec |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 196.7 | 138.1 | 126.0 | 31.9 | 12.2 | N/A |
| 2018A | 397.4 | 331.9 | 296.6 | 63.1 | 6.1 | N/A |
| 2019E | 312.7 | 247.9 | 233.4 | 47.7 | 8.1 | N/A |
| 2020E | 349.9 | 283.8 | 264.6 | 53.1 | 7.3 | N/A |
| Last updated on 21/03/2019 | ||||||
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 21/03/2019
Sector |
|---|
| Financials & real estate |
Share price graph
Balance sheet |
|
|---|---|
| Forecast net debt (£m) | 131.4 |
| Forecast gearing ratio (%) | 12 |
Price performance
% |
1m |
3m |
12m |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Dr Phil Nolan | Chairman |
| Olivier Brousse | CEO |
| Patrick Bourke | FD |
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