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 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 has a correct valuation and a medium 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.
JHG had positive earnings in each of the past 5 years.
In the past 5 years JHG always reported a positive cash flow from operatings.
1.2 Ratios
JHG's Return On Assets of 5.50% is fine compared to the rest of the industry. JHG outperforms 73.84% of its industry peers.
With a Return On Equity value of 8.60%, JHG perfoms like the industry average, outperforming 50.63% of the companies in the same industry.
JHG's Return On Invested Capital of 7.69% is amongst the best of the industry. JHG outperforms 80.59% of its industry peers.
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 7.85%.
The last Return On Invested Capital (7.69%) for JHG is above the 3 year average (7.17%), which is a sign of increasing profitability.
| 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
The Profit Margin of JHG (15.83%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of JHG has declined.
With a Operating Margin value of 26.23%, JHG perfoms like the industry average, outperforming 47.68% of the companies in the same industry.
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
Compared to 1 year ago, JHG has less shares outstanding
JHG has less shares outstanding than it did 5 years ago.
JHG has a worse debt/assets ratio than last year.
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 75.95% of its industry peers.
JHG has a debt to FCF ratio of 0.65. This is a very positive value and a sign of high solvency as it would only need 0.65 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.65, JHG belongs to the top of the industry, outperforming 89.87% of the companies in the same industry.
JHG has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of JHG (0.08) is better than 81.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | 2.8 |
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 better Current ratio (4.49) than 85.23% 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.
Looking at the Quick ratio, with a value of 4.49, JHG belongs to the top of the industry, outperforming 85.23% 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.
The Earnings Per Share has been growing slightly by 7.55% on average over the past years.
JHG shows a decrease in Revenue. In the last year, the revenue decreased by -7.98%.
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)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%16.55%
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 Year5.34%
Revenue Next 2Y5.78%
Revenue Next 3Y5.5%
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.
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
JHG is valuated correctly with a Price/Earnings ratio of 12.09.
Based on the Price/Earnings ratio, JHG is valued a bit cheaper than the industry average as 64.56% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.11, JHG is valued rather cheaply.
JHG is valuated reasonably with a Price/Forward Earnings ratio of 11.55.
Based on the Price/Forward Earnings ratio, JHG is valued a bit cheaper than 66.67% of the companies in the same industry.
JHG is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, JHG is valued cheaper than 94.51% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, JHG is valued a bit cheaper than 73.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.58 | ||
| EV/EBITDA | 5.05 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.6
EPS Next 2Y4.15%
EPS Next 3Y4.48%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 3.77%.
Compared to an average industry Dividend Yield of 7.84, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
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 2Y4.15%
EPS Next 3Y4.48%
44.36
+0.44 (+1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.29%
Inst Owner Change-1.22%
Ins Owners0.4%
Ins Owner Change12.48%
Market Cap6.99B
Analysts73.33
Price Target45.75 (3.13%)
Short Float %1.65%
Short Ratio2.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
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)4.24%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)8.75%
Revenue beat(4)3
Avg Revenue beat(4)5.12%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)8.75%
Revenue beat(8)6
Avg Revenue beat(8)4.47%
Revenue beat(12)9
Avg Revenue beat(12)3.87%
Revenue beat(16)10
Avg Revenue beat(16)2.72%
PT rev (1m)16.13%
PT rev (3m)21.65%
EPS NQ rev (1m)7.58%
EPS NQ rev (3m)-0.35%
EPS NY rev (1m)0%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)2.41%
Revenue NQ rev (3m)0.69%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)3.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.55 | ||
| P/S | 2.7 | ||
| P/FCF | 11.58 | ||
| P/OCF | 11.39 | ||
| P/B | 1.47 | ||
| P/tB | 11.76 | ||
| EV/EBITDA | 5.05 |
EPS(TTM)3.67
EY8.27%
EPS(NY)3.84
Fwd EY8.66%
FCF(TTM)3.83
FCFY8.63%
OCF(TTM)3.9
OCFY8.78%
SpS16.45
BVpS30.27
TBVpS3.77
PEG (NY)N/A
PEG (5Y)1.6
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 Y-2.79%
EPS Next 2Y4.15%
EPS Next 3Y4.48%
EPS Next 5Y6.45%
Revenue 1Y (TTM)-7.98%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%16.55%
Revenue Next Year5.34%
Revenue Next 2Y5.78%
Revenue Next 3Y5.5%
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%