JANUS HENDERSON GROUP PLC (JHG)
JE00BYPZJM29 - Common Stock
JHG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 212 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 has a valuation in line with the averages, but it does not seem to be growing.
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.
JHG had positive earnings in each of the past 5 years.
JHG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of JHG (5.86%) is better than 66.03% of its industry peers.
JHG has a Return On Equity of 8.39%. This is comparable to the rest of the industry: JHG outperforms 46.41% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.35%, JHG is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
JHG had an Average Return On Invested Capital over the past 3 years of 8.62%. This is below the industry average of 10.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 8.39% | ||
| ROIC | 6.35% |
ROA(3y)6.89%
ROA(5y)5.69%
ROE(3y)9.91%
ROE(5y)8.31%
ROIC(3y)8.62%
ROIC(5y)8.14%
1.3 Margins
JHG has a Profit Margin of 17.81%. This is comparable to the rest of the industry: JHG outperforms 50.72% of its industry peers.
In the last couple of years the Profit Margin of JHG has declined.
Looking at the Operating Margin, with a value of 22.62%, JHG is in line with its industry, outperforming 41.63% of the companies in the same industry.
In the last couple of years the Operating Margin of JHG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.62% | ||
| PM (TTM) | 17.81% | ||
| GM | N/A |
OM growth 3Y-7.66%
OM growth 5Y-4.18%
PM growth 3Y38.44%
PM growth 5Y-3.95%
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
Compared to 1 year ago, JHG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.76 indicates that JHG is not a great score, but indicates only limited risk for bankruptcy at the moment.
JHG has a Altman-Z score of 2.76. This is in the better half of the industry: JHG outperforms 74.16% of its industry peers.
JHG has a debt to FCF ratio of 0.71. This is a very positive value and a sign of high solvency as it would only need 0.71 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.71, JHG belongs to the best of the industry, outperforming 87.56% of the companies in the same industry.
A Debt/Equity ratio of 0.07 indicates that JHG is not too dependend on debt financing.
JHG's Debt to Equity ratio of 0.07 is amongst the best of the industry. JHG outperforms 82.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 2.76 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 3.89 indicates that JHG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.89, JHG belongs to the best of the industry, outperforming 85.17% of the companies in the same industry.
JHG has a Quick Ratio of 3.89. 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 3.89, JHG belongs to the top of the industry, outperforming 85.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.89 | ||
| Quick Ratio | 3.89 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.15% over the past year.
Measured over the past years, JHG shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.74% on average per year.
The Revenue has decreased by -4.05% in the past year.
Measured over the past years, JHG shows a decrease in Revenue. The Revenue has been decreasing by -1.84% on average per year.
EPS 1Y (TTM)1.15%
EPS 3Y-4.4%
EPS 5Y-0.74%
EPS growth Q2Q34.43%
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y-2.95%
Revenue growth 5Y-1.84%
Revenue growth Q2Q10.35%
3.2 Future
The Earnings Per Share is expected to grow by 1.02% on average over the next years.
Based on estimates for the next years, JHG will show a decrease in Revenue. The Revenue will decrease by -0.71% on average per year.
EPS Next Y3.15%
EPS Next 2Y3.62%
EPS Next 3Y4.11%
EPS Next 5Y1.02%
Revenue Next Year8.95%
Revenue Next 2Y6.35%
Revenue Next 3Y4.7%
Revenue Next 5Y-0.71%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.56, JHG is valued correctly.
JHG's Price/Earnings ratio is in line with the industry average.
JHG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.02.
Based on the Price/Forward Earnings ratio of 12.18, the valuation of JHG can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as JHG.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.58, JHG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 12.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of JHG indicates a rather cheap valuation: JHG is cheaper than 90.91% of the companies listed in the same industry.
69.38% 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 | 12.36 | ||
| EV/EBITDA | 5.86 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.99
PEG (5Y)N/A
EPS Next 2Y3.62%
EPS Next 3Y4.11%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 4.79%, which is a nice return.
JHG's Dividend Yield is comparable with the industry average which is at 7.31.
Compared to an average S&P500 Dividend Yield of 2.40, JHG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
5.2 History
The dividend of JHG has a limited annual growth rate of 2.49%.
JHG has been paying a dividend for over 5 years, so it has already some track record.
JHG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.49%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
67.94% of the earnings are spent on dividend by JHG. This is not a sustainable payout ratio.
JHG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP67.94%
EPS Next 2Y3.62%
EPS Next 3Y4.11%
JANUS HENDERSON GROUP PLC
NYSE:JHG (5/6/2024, 5:30:00 PM)
After market: 33.03 0 (0%)33.03
+0.48 (+1.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.33B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.56 | ||
| Fwd PE | 12.18 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.99
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.86% | ||
| ROE | 8.39% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.62% | ||
| PM (TTM) | 17.81% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.89 | ||
| Quick Ratio | 3.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)1.15%
EPS 3Y-4.4%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.15%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.05%
Revenue growth 3Y-2.95%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y