JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
NYSE:JHG - New York Stock Exchange, Inc. - JE00BYPZJM29 - Common Stock - Currency: USD
Overall JHG gets a fundamental rating of 7 out of 10. We evaluated JHG against 235 industry peers in the Capital Markets industry. JHG has an excellent financial health rating, but there are some minor concerns on its profitability. JHG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
JHG had positive earnings in the past year.
In the past year JHG had a positive cash flow from operations.
JHG had positive earnings in each of the past 5 years.
Each year in the past 5 years JHG had a positive operating cash flow.
1.2 Ratios
The Return On Assets of JHG (7.27%) is better than 84.26% of its industry peers.
JHG's Return On Equity of 11.02% is fine compared to the rest of the industry. JHG outperforms 65.53% of its industry peers.
JHG has a Return On Invested Capital of 9.47%. This is amongst the best in the industry. JHG outperforms 83.83% of its industry peers.
The Average Return On Invested Capital over the past 3 years for JHG is in line with the industry average of 7.84%.
The last Return On Invested Capital (9.47%) for JHG is above the 3 year average (7.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.27% | ||
| ROE | 11.02% | ||
| ROIC | 9.47% |
ROA(3y)5.79%
ROA(5y)5.75%
ROE(3y)8.45%
ROE(5y)8.35%
ROIC(3y)7.17%
ROIC(5y)8.49%
1.3 Margins
JHG has a Profit Margin of 16.67%. This is comparable to the rest of the industry: JHG outperforms 55.74% of its industry peers.
JHG's Profit Margin has declined in the last couple of years.
The Operating Margin of JHG (25.75%) is comparable to the rest of the industry.
JHG's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.75% | ||
| PM (TTM) | 16.67% | ||
| GM | N/A |
OM growth 3Y-8.56%
OM growth 5Y0.87%
PM growth 3Y-9.59%
PM growth 5Y-3.2%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, JHG has less shares outstanding
Compared to 5 years ago, JHG has less shares outstanding
The debt/assets ratio for JHG is higher compared to a year ago.
2.2 Solvency
JHG has an Altman-Z score of 3.00. This indicates that JHG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of JHG (3.00) is better than 76.17% of its industry peers.
The Debt to FCF ratio of JHG is 0.57, which is an excellent value as it means it would take JHG, only 0.57 years of fcf income to pay off all of its debts.
JHG has a Debt to FCF ratio of 0.57. This is amongst the best in the industry. JHG outperforms 90.21% of its industry peers.
JHG has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.08, JHG belongs to the top of the industry, outperforming 80.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.57 | ||
| Altman-Z | 3 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
JHG has a Current Ratio of 4.38. This indicates that JHG is financially healthy and has no problem in meeting its short term obligations.
JHG has a Current ratio of 4.38. This is amongst the best in the industry. JHG outperforms 84.26% of its industry peers.
JHG has a Quick Ratio of 4.38. This indicates that JHG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.38, JHG belongs to the top of the industry, outperforming 84.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.38 | ||
| Quick Ratio | 4.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 29.75% over the past year.
The Earnings Per Share has been growing slightly by 7.55% on average over the past years.
The Revenue has grown by 41.57% in the past year. This is a very strong growth!
JHG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.44% yearly.
EPS 1Y (TTM)29.75%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%11.27%
Revenue 1Y (TTM)41.57%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%12.63%
3.2 Future
The Earnings Per Share is expected to grow by 6.45% on average over the next years.
JHG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.04% yearly.
EPS Next Y-2.79%
EPS Next 2Y4.15%
EPS Next 3Y4.48%
EPS Next 5Y6.45%
Revenue Next Year5.22%
Revenue Next 2Y5.72%
Revenue Next 3Y5.64%
Revenue Next 5Y2.04%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.43, the valuation of JHG can be described as very reasonable.
Based on the Price/Earnings ratio, JHG is valued a bit cheaper than 66.81% of the companies in the same industry.
JHG is valuated cheaply when we compare the Price/Earnings ratio to 27.46, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.77, the valuation of JHG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, JHG is valued a bit cheaper than 67.66% of the companies in the same industry.
JHG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 10.77 |
4.2 Price Multiples
JHG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. JHG is cheaper than 94.47% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, JHG is valued a bit cheaper than 76.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.41 | ||
| EV/EBITDA | 4.42 |
4.3 Compensation for Growth
The decent profitability rating of JHG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.51
EPS Next 2Y4.15%
EPS Next 3Y4.48%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 3.84%.
Compared to an average industry Dividend Yield of 8.00, JHG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, JHG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
5.2 History
The dividend of JHG has a limited annual growth rate of 1.81%.
JHG has been paying a dividend for over 5 years, so it has already some track record.
JHG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.81%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
JHG pays out 48.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
JHG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.02%
EPS Next 2Y4.15%
EPS Next 3Y4.48%
41.36
-0.21 (-0.51%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.51%
Inst Owner Change-0.38%
Ins Owners0.42%
Ins Owner Change15.53%
Market Cap6.52B
Analysts72.31
Price Target43.48 (5.13%)
Short Float %1.76%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
Yearly Dividend1.56
Dividend Growth(5Y)1.81%
DP48.02%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.81%
Min EPS beat(2)7.15%
Max EPS beat(2)12.46%
EPS beat(4)4
Avg EPS beat(4)12.79%
Min EPS beat(4)7.15%
Max EPS beat(4)15.88%
EPS beat(8)8
Avg EPS beat(8)17.74%
EPS beat(12)11
Avg EPS beat(12)18.78%
EPS beat(16)14
Avg EPS beat(16)15.38%
Revenue beat(2)1
Avg Revenue beat(2)1.5%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)3.26%
Revenue beat(4)3
Avg Revenue beat(4)3.54%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)8.72%
Revenue beat(8)5
Avg Revenue beat(8)3.19%
Revenue beat(12)8
Avg Revenue beat(12)2.9%
Revenue beat(16)10
Avg Revenue beat(16)2.7%
PT rev (1m)11.44%
PT rev (3m)-10.73%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-4.32%
EPS NY rev (1m)2.55%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)-1.42%
Revenue NY rev (1m)2.67%
Revenue NY rev (3m)3.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 10.77 | ||
| P/S | 2.1 | ||
| P/FCF | 9.41 | ||
| P/OCF | 9.28 | ||
| P/B | 1.39 | ||
| P/tB | 10.39 | ||
| EV/EBITDA | 4.42 |
EPS(TTM)3.62
EY8.75%
EPS(NY)3.84
Fwd EY9.28%
FCF(TTM)4.39
FCFY10.62%
OCF(TTM)4.46
OCFY10.78%
SpS19.7
BVpS29.8
TBVpS3.98
PEG (NY)N/A
PEG (5Y)1.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.27% | ||
| ROE | 11.02% | ||
| ROCE | 12.32% | ||
| ROIC | 9.47% | ||
| ROICexc | 14.27% | ||
| ROICexgc | 257.27% | ||
| OM | 25.75% | ||
| PM (TTM) | 16.67% | ||
| GM | N/A | ||
| FCFM | 22.3% |
ROA(3y)5.79%
ROA(5y)5.75%
ROE(3y)8.45%
ROE(5y)8.35%
ROIC(3y)7.17%
ROIC(5y)8.49%
ROICexc(3y)10.57%
ROICexc(5y)12.25%
ROICexgc(3y)229.01%
ROICexgc(5y)240.83%
ROCE(3y)9.32%
ROCE(5y)11.04%
ROICexcg growth 3Y-1.03%
ROICexcg growth 5Y17.72%
ROICexc growth 3Y-12.47%
ROICexc growth 5Y6.61%
OM growth 3Y-8.56%
OM growth 5Y0.87%
PM growth 3Y-9.59%
PM growth 5Y-3.2%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.57 | ||
| Debt/EBITDA | 0.48 | ||
| Cap/Depr | 36.56% | ||
| Cap/Sales | 0.33% | ||
| Interest Coverage | 36.17 | ||
| Cash Conversion | 84.91% | ||
| Profit Quality | 133.81% | ||
| Current Ratio | 4.38 | ||
| Quick Ratio | 4.38 | ||
| Altman-Z | 3 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)47.97%
Cap/Depr(5y)41.13%
Cap/Sales(3y)0.57%
Cap/Sales(5y)0.57%
Profit Quality(3y)136.97%
Profit Quality(5y)191.48%
High Growth Momentum
Growth
EPS 1Y (TTM)29.75%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%11.27%
EPS Next Y-2.79%
EPS Next 2Y4.15%
EPS Next 3Y4.48%
EPS Next 5Y6.45%
Revenue 1Y (TTM)41.57%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%12.63%
Revenue Next Year5.22%
Revenue Next 2Y5.72%
Revenue Next 3Y5.64%
Revenue Next 5Y2.04%
EBIT growth 1Y59.06%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year4.5%
EBIT Next 3Y6.37%
EBIT Next 5Y0.64%
FCF growth 1Y70.53%
FCF growth 3Y-8.21%
FCF growth 5Y9.98%
OCF growth 1Y66.21%
OCF growth 3Y-8.12%
OCF growth 5Y8.44%