JLL - Jones Lang LaSalle Incorporated
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$387.25
DETAILS
HIGH:
$425.00
LOW:
$351.00
MEDIAN:
$386.50
CONSENSUS:
$387.25
UPSIDE:
32.76%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
75% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.1x
17.56$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
16.6x
Plain-Language Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $387.25 from 12 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $303.96 per share.
Warnings
Wall Street's average price target is $387.25 (from 12 analysts). Our estimate is 27% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples