JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
USA - NYSE:JHG - JE00BYPZJM29 - Common Stock
44.87 USD
+0.43 (+0.97%)
44.87 USD
0 (0%)
JHG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. JHG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. JHG is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year JHG was profitable.
In the past year JHG had a positive cash flow from operations.
In the past 5 years JHG has always been profitable.
JHG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.50%, JHG is in the better half of the industry, outperforming 75.53% of the companies in the same industry.
The Return On Equity of JHG (8.60%) is comparable to the rest of the industry.
The Return On Invested Capital of JHG (7.69%) is better than 81.01% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for JHG is in line with the industry average of 7.59%.
The 3 year average ROIC (7.17%) for JHG is below the current ROIC(7.69%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.6% | ||
| ROIC | 7.69% |
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 (15.83%) which is in line with its industry peers.
JHG's Profit Margin has declined in the last couple of years.
JHG's Operating Margin of 26.23% is in line compared to the rest of the industry. JHG outperforms 50.21% of its industry peers.
In the last couple of years the Operating Margin of JHG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.23% | ||
| PM (TTM) | 15.83% | ||
| 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
The number of shares outstanding for JHG has been reduced compared to 1 year ago.
The number of shares outstanding for JHG has been reduced compared to 5 years ago.
Compared to 1 year ago, JHG has a worse debt to assets ratio.
2.2 Solvency
JHG has an Altman-Z score of 2.80. This is not the best score and indicates that JHG is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of JHG (2.80) is better than 77.22% of its industry peers.
The Debt to FCF ratio of JHG is 0.65, which is an excellent value as it means it would take JHG, only 0.65 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of JHG (0.65) is better than 91.56% 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 81.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | 2.8 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 4.49 indicates that JHG has no problem at all paying its short term obligations.
JHG has a better Current ratio (4.49) than 88.19% of its industry peers.
JHG has a Quick Ratio of 4.49. This indicates that JHG is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 4.49, JHG belongs to the best of the industry, outperforming 88.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.49 | ||
| Quick Ratio | 4.49 |
3. Growth
3.1 Past
JHG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.52%, which is quite impressive.
Measured over the past 5 years, JHG shows a small growth in Earnings Per Share. The EPS has been growing by 7.55% on average per year.
JHG shows a decrease in Revenue. In the last year, the revenue decreased by -7.98%.
JHG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.44% yearly.
EPS 1Y (TTM)21.52%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%5.88%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%7.61%
3.2 Future
Based on estimates for the next years, JHG will show a small growth in Earnings Per Share. The EPS will grow by 6.45% on average per year.
The Revenue is expected to grow by 2.04% on average over the next years.
EPS Next Y4.14%
EPS Next 2Y7.13%
EPS Next 3Y7.37%
EPS Next 5Y6.45%
Revenue Next Year9.92%
Revenue Next 2Y9.05%
Revenue Next 3Y5.98%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.23, the valuation of JHG can be described as correct.
63.29% of the companies in the same industry are more expensive than JHG, based on the Price/Earnings ratio.
JHG is valuated cheaply when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.04, the valuation of JHG can be described as very reasonable.
64.56% of the companies in the same industry are more expensive than JHG, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, JHG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 11.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, JHG is valued cheaper than 94.09% of the companies in the same industry.
69.20% of the companies in the same industry are more expensive than JHG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.6 | ||
| EV/EBITDA | 5.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates JHG does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.95
PEG (5Y)1.62
EPS Next 2Y7.13%
EPS Next 3Y7.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.60%, JHG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 8.38, JHG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, JHG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
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 60.86% of its income as dividend. This is not a sustainable payout ratio.
JHG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP60.86%
EPS Next 2Y7.13%
EPS Next 3Y7.37%
44.87
+0.43 (+0.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.18%
Inst Owner Change-2.19%
Ins Owners0.3%
Ins Owner Change4.23%
Market Cap7.00B
Analysts73.33
Price Target46.34 (3.28%)
Short Float %1.92%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.6% |
Yearly Dividend1.56
Dividend Growth(5Y)1.81%
DP60.86%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.98%
Min EPS beat(2)6.81%
Max EPS beat(2)7.15%
EPS beat(4)4
Avg EPS beat(4)10.52%
Min EPS beat(4)6.81%
Max EPS beat(4)15.66%
EPS beat(8)8
Avg EPS beat(8)17.41%
EPS beat(12)12
Avg EPS beat(12)19.6%
EPS beat(16)14
Avg EPS beat(16)14.73%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)0.41%
Revenue beat(4)3
Avg Revenue beat(4)3.03%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)8.72%
Revenue beat(8)6
Avg Revenue beat(8)3.43%
Revenue beat(12)9
Avg Revenue beat(12)3.18%
Revenue beat(16)10
Avg Revenue beat(16)2.2%
PT rev (1m)0.95%
PT rev (3m)17.61%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)13.09%
EPS NY rev (1m)2.96%
EPS NY rev (3m)9.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.67%
Revenue NY rev (1m)2.78%
Revenue NY rev (3m)7.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.23 | ||
| Fwd PE | 11.04 | ||
| P/S | 2.7 | ||
| P/FCF | 11.6 | ||
| P/OCF | 11.4 | ||
| P/B | 1.47 | ||
| P/tB | 11.78 | ||
| EV/EBITDA | 5.07 |
EPS(TTM)3.67
EY8.18%
EPS(NY)4.06
Fwd EY9.05%
FCF(TTM)3.87
FCFY8.62%
OCF(TTM)3.94
OCFY8.77%
SpS16.61
BVpS30.57
TBVpS3.81
PEG (NY)2.95
PEG (5Y)1.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 8.6% | ||
| ROCE | 10% | ||
| ROIC | 7.69% | ||
| ROICexc | 11.77% | ||
| ROICexgc | 195.8% | ||
| OM | 26.23% | ||
| PM (TTM) | 15.83% | ||
| GM | N/A | ||
| FCFM | 23.29% |
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-Score5
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.65 | ||
| Debt/EBITDA | 0.56 | ||
| Cap/Depr | 33.12% | ||
| Cap/Sales | 0.4% | ||
| Interest Coverage | 30.75 | ||
| Cash Conversion | 86.37% | ||
| Profit Quality | 147.16% | ||
| Current Ratio | 4.49 | ||
| Quick Ratio | 4.49 | ||
| Altman-Z | 2.8 |
F-Score5
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)21.52%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%5.88%
EPS Next Y4.14%
EPS Next 2Y7.13%
EPS Next 3Y7.37%
EPS Next 5Y6.45%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%7.61%
Revenue Next Year9.92%
Revenue Next 2Y9.05%
Revenue Next 3Y5.98%
Revenue Next 5Y2.04%
EBIT growth 1Y1.72%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year15.12%
EBIT Next 3Y10.07%
EBIT Next 5Y0.64%
FCF growth 1Y45.6%
FCF growth 3Y-8.21%
FCF growth 5Y9.98%
OCF growth 1Y42.38%
OCF growth 3Y-8.12%
OCF growth 5Y8.44%