JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
NYSE:JHG - New York Stock Exchange, Inc. - JE00BYPZJM29 - Common Stock - Currency: USD
Overall JHG gets a fundamental rating of 6 out of 10. We evaluated JHG against 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year JHG was profitable.
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
With an excellent Return On Assets value of 7.27%, JHG belongs to the best of the industry, outperforming 84.05% of the companies in the same industry.
JHG has a better Return On Equity (11.02%) than 65.09% of its industry peers.
The Return On Invested Capital of JHG (9.47%) is better than 83.62% 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 (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.
With a Operating Margin value of 25.75%, JHG perfoms like the industry average, outperforming 46.98% 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 | 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
Compared to 1 year ago, JHG has less shares outstanding
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 2.88. 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.
With a decent Altman-Z score value of 2.88, JHG is doing good in the industry, outperforming 76.29% of the companies in the same industry.
JHG has a debt to FCF ratio of 0.57. This is a very positive value and a sign of high solvency as it would only need 0.57 years to pay back of all of its debts.
JHG has a Debt to FCF ratio of 0.57. This is amongst the best in the industry. JHG outperforms 90.09% 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.
The Debt to Equity ratio of JHG (0.08) is better than 79.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.57 | ||
| Altman-Z | 2.88 |
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.
JHG's Current ratio of 4.38 is amongst the best of the industry. JHG outperforms 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
JHG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.75%, which is quite impressive.
The Earnings Per Share has been growing slightly by 7.55% on average over the past years.
The Revenue has grown by 41.57% in the past year. This is a very strong growth!
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
JHG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.45% yearly.
The Revenue is expected to grow by 2.04% on average over the next years.
EPS Next Y-5.21%
EPS Next 2Y2.13%
EPS Next 3Y3.13%
EPS Next 5Y6.45%
Revenue Next Year2.49%
Revenue Next 2Y3.46%
Revenue Next 3Y4.25%
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
With a Price/Earnings ratio of 10.70, the valuation of JHG can be described as very reasonable.
69.83% of the companies in the same industry are more expensive than JHG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.92, JHG is valued rather cheaply.
The Price/Forward Earnings ratio is 10.49, which indicates a very decent valuation of JHG.
JHG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. JHG is cheaper than 69.83% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, JHG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.7 | ||
| Fwd PE | 10.49 |
4.2 Price Multiples
JHG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. JHG is cheaper than 94.83% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 77.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.82 | ||
| EV/EBITDA | 3.8 |
4.3 Compensation for Growth
The decent profitability rating of JHG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.42
EPS Next 2Y2.13%
EPS Next 3Y3.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.37%, JHG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.07, 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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 48.02% of its income as dividend. 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 2Y2.13%
EPS Next 3Y3.13%
38.74
+0.6 (+1.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.51%
Inst Owner Change-0.6%
Ins Owners0.42%
Ins Owner Change15.53%
Market Cap6.10B
Analysts72.31
Price Target39.4 (1.7%)
Short Float %2.12%
Short Ratio2.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
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)4.75%
PT rev (3m)-20.45%
EPS NQ rev (1m)0.57%
EPS NQ rev (3m)-11.5%
EPS NY rev (1m)0.86%
EPS NY rev (3m)-8.48%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.33%
Revenue NY rev (1m)-0.78%
Revenue NY rev (3m)-3.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.7 | ||
| Fwd PE | 10.49 | ||
| P/S | 1.97 | ||
| P/FCF | 8.82 | ||
| P/OCF | 8.69 | ||
| P/B | 1.3 | ||
| P/tB | 9.73 | ||
| EV/EBITDA | 3.8 |
EPS(TTM)3.62
EY9.34%
EPS(NY)3.69
Fwd EY9.53%
FCF(TTM)4.39
FCFY11.34%
OCF(TTM)4.46
OCFY11.51%
SpS19.7
BVpS29.8
TBVpS3.98
PEG (NY)N/A
PEG (5Y)1.42
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 | 2.88 |
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-5.21%
EPS Next 2Y2.13%
EPS Next 3Y3.13%
EPS Next 5Y6.45%
Revenue 1Y (TTM)41.57%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%12.63%
Revenue Next Year2.49%
Revenue Next 2Y3.46%
Revenue Next 3Y4.25%
Revenue Next 5Y2.04%
EBIT growth 1Y59.06%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year4.5%
EBIT Next 3Y6.37%
EBIT Next 5Y0.64%
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%