JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
NYSE:JHG - JE00BYPZJM29 - Common Stock
44.01 USD
-0.29 (-0.65%)
44.01 USD
0 (0%)
JHG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 239 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
JHG had positive earnings in the past year.
JHG had a positive operating cash flow in the past year.
Each year in the past 5 years JHG has been profitable.
Each year in the past 5 years JHG had a positive operating cash flow.
1.2 Ratios
JHG has a Return On Assets of 5.50%. This is in the better half of the industry: JHG outperforms 75.73% of its industry peers.
JHG has a Return On Equity of 8.60%. This is comparable to the rest of the industry: JHG outperforms 49.37% of its industry peers.
The Return On Invested Capital of JHG (7.69%) is better than 81.17% 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's Profit Margin of 15.83% is in line compared to the rest of the industry. JHG outperforms 51.05% of its industry peers.
In the last couple of years the Profit Margin of JHG has declined.
JHG's Operating Margin of 26.23% is in line compared to the rest of the industry. JHG outperforms 51.05% of its industry peers.
JHG's Operating Margin has been stable in the last couple of years.
| 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.
JHG has a worse debt/assets ratio than last year.
2.2 Solvency
JHG has an Altman-Z score of 2.78. 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.
JHG has a better Altman-Z score (2.78) than 75.73% 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.
JHG has a better Debt to FCF ratio (0.65) than 90.80% 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.
JHG has a Debt to Equity ratio of 0.08. This is amongst the best in the industry. JHG outperforms 80.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | 2.78 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
JHG has a Current Ratio of 4.49. This indicates that JHG is financially healthy and has no problem in meeting its short term obligations.
JHG has a Current ratio of 4.49. This is amongst the best in the industry. JHG outperforms 87.45% of its industry peers.
A Quick Ratio of 4.49 indicates that JHG has no problem at all paying its short term obligations.
The Quick ratio of JHG (4.49) is better than 87.45% of its industry peers.
| 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.
JHG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.55% yearly.
Looking at the last year, JHG shows a decrease in Revenue. The Revenue has decreased by -7.98% in the last year.
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 Y1.14%
EPS Next 2Y6.31%
EPS Next 3Y6.5%
EPS Next 5Y6.45%
Revenue Next Year6.95%
Revenue Next 2Y6.59%
Revenue Next 3Y4.76%
Revenue Next 5Y2.04%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
JHG is valuated reasonably with a Price/Earnings ratio of 11.99.
64.44% of the companies in the same industry are more expensive than JHG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of JHG to the average of the S&P500 Index (26.84), we can say JHG is valued rather cheaply.
With a Price/Forward Earnings ratio of 11.00, the valuation of JHG can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 66.53% of the companies listed in the same industry.
JHG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.48, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.99 | ||
| Fwd PE | 11 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, JHG is valued cheaper than 94.14% of the companies in the same industry.
JHG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. JHG is cheaper than 70.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.37 | ||
| EV/EBITDA | 4.94 |
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)10.49
PEG (5Y)1.59
EPS Next 2Y6.31%
EPS Next 3Y6.5%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 3.58%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.91, JHG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, JHG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
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
60.86% of the earnings are spent on dividend by JHG. 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 2Y6.31%
EPS Next 3Y6.5%
44.01
-0.29 (-0.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.29%
Inst Owner Change-2.19%
Ins Owners0.4%
Ins Owner Change3.93%
Market Cap6.86B
Analysts73.33
Price Target45.9 (4.29%)
Short Float %1.83%
Short Ratio2.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
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)5.57%
PT rev (3m)22.03%
EPS NQ rev (1m)2.33%
EPS NQ rev (3m)0%
EPS NY rev (1m)4.05%
EPS NY rev (3m)7.63%
Revenue NQ rev (1m)2.9%
Revenue NQ rev (3m)2.5%
Revenue NY rev (1m)1.53%
Revenue NY rev (3m)3.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.99 | ||
| Fwd PE | 11 | ||
| P/S | 2.65 | ||
| P/FCF | 11.37 | ||
| P/OCF | 11.18 | ||
| P/B | 1.44 | ||
| P/tB | 11.55 | ||
| EV/EBITDA | 4.94 |
EPS(TTM)3.67
EY8.34%
EPS(NY)4
Fwd EY9.09%
FCF(TTM)3.87
FCFY8.79%
OCF(TTM)3.94
OCFY8.94%
SpS16.61
BVpS30.57
TBVpS3.81
PEG (NY)10.49
PEG (5Y)1.59
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 | 2.78 |
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 Y1.14%
EPS Next 2Y6.31%
EPS Next 3Y6.5%
EPS Next 5Y6.45%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%7.61%
Revenue Next Year6.95%
Revenue Next 2Y6.59%
Revenue Next 3Y4.76%
Revenue Next 5Y2.04%
EBIT growth 1Y1.72%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year13.14%
EBIT Next 3Y8.94%
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%