JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
NYSE:JHG - New York Stock Exchange, Inc. - JE00BYPZJM29 - Common Stock - Currency: USD
Taking everything into account, JHG scores 6 out of 10 in our fundamental rating. JHG was compared to 232 industry peers in the Capital Markets industry. While JHG has a great health rating, its profitability is only average at the moment. JHG has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years JHG has 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 7.27%, JHG belongs to the top of the industry, outperforming 82.76% of the companies in the same industry.
JHG has a Return On Equity of 11.02%. This is in the better half of the industry: JHG outperforms 62.93% of its industry peers.
With an excellent Return On Invested Capital value of 9.47%, JHG belongs to the best of the industry, outperforming 83.62% of the companies in the same industry.
JHG had an Average Return On Invested Capital over the past 3 years of 7.17%. This is in line with the industry average of 7.89%.
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 (16.67%) 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 25.75% is in line compared to the rest of the industry. JHG outperforms 47.84% 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 | 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
JHG has less shares outstanding than it did 1 year ago.
JHG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for JHG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.80 indicates that JHG is not a great score, but indicates only limited risk for bankruptcy at the moment.
JHG's Altman-Z score of 2.80 is fine compared to the rest of the industry. JHG outperforms 76.72% 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.
Looking at the Debt to FCF ratio, with a value of 0.57, JHG belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
A Debt/Equity ratio of 0.08 indicates that JHG is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.08, JHG is doing good in the industry, outperforming 79.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.57 | ||
| Altman-Z | 2.8 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 4.38 indicates that JHG has no problem at all paying its short term obligations.
The Current ratio of JHG (4.38) is better than 83.62% 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.
JHG has a Quick ratio of 4.38. This is amongst the best in the industry. JHG outperforms 83.62% of its industry peers.
| 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.
JHG shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.57%.
Measured over the past years, JHG shows a small growth in Revenue. The Revenue has been growing by 2.44% on average per year.
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
Based on estimates for the next years, JHG will show a small growth in Earnings Per Share. The EPS will grow by 3.88% on average per year.
The Revenue is expected to grow by 0.37% on average over the next years.
EPS Next Y-6.03%
EPS Next 2Y1.56%
EPS Next 3Y2.82%
EPS Next 5Y3.88%
Revenue Next Year3.29%
Revenue Next 2Y4.15%
Revenue Next 3Y4.64%
Revenue Next 5Y0.37%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
JHG is valuated reasonably with a Price/Earnings ratio of 10.04.
Compared to the rest of the industry, the Price/Earnings ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 71.55% of the companies listed in the same industry.
JHG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.25.
With a Price/Forward Earnings ratio of 9.95, the valuation of JHG can be described as very reasonable.
71.12% 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 22.15, JHG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.04 | ||
| Fwd PE | 9.95 |
4.2 Price Multiples
94.83% of the companies in the same industry are more expensive than JHG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, JHG is valued a bit cheaper than the industry average as 77.59% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.27 | ||
| EV/EBITDA | 3.46 |
4.3 Compensation for Growth
The decent profitability rating of JHG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.33
EPS Next 2Y1.56%
EPS Next 3Y2.82%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.32%, JHG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.15, JHG has a dividend in line with its industry peers.
JHG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
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
48.02% of the earnings are spent on dividend by JHG. 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 2Y1.56%
EPS Next 3Y2.82%
36.33
-0.71 (-1.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners93.89%
Inst Owner Change-0.59%
Ins Owners0.3%
Ins Owner Change15.53%
Market Cap5.72B
Analysts72.31
Price Target37.61 (3.52%)
Short Float %3.33%
Short Ratio3.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.32% |
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)0.34%
PT rev (3m)-23.18%
EPS NQ rev (1m)-4.91%
EPS NQ rev (3m)-12%
EPS NY rev (1m)-1.88%
EPS NY rev (3m)-9.26%
Revenue NQ rev (1m)-2%
Revenue NQ rev (3m)-5.33%
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)-2.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.04 | ||
| Fwd PE | 9.95 | ||
| P/S | 1.84 | ||
| P/FCF | 8.27 | ||
| P/OCF | 8.15 | ||
| P/B | 1.22 | ||
| P/tB | 9.13 | ||
| EV/EBITDA | 3.46 |
EPS(TTM)3.62
EY9.96%
EPS(NY)3.65
Fwd EY10.05%
FCF(TTM)4.39
FCFY12.09%
OCF(TTM)4.46
OCFY12.27%
SpS19.7
BVpS29.8
TBVpS3.98
PEG (NY)N/A
PEG (5Y)1.33
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 | 2.8 |
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-6.03%
EPS Next 2Y1.56%
EPS Next 3Y2.82%
EPS Next 5Y3.88%
Revenue 1Y (TTM)41.57%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%12.63%
Revenue Next Year3.29%
Revenue Next 2Y4.15%
Revenue Next 3Y4.64%
Revenue Next 5Y0.37%
EBIT growth 1Y59.06%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year4.5%
EBIT Next 3Y6.37%
EBIT Next 5Y1.34%
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%