JANUS HENDERSON GROUP PLC (JHG)
JE00BYPZJM29 - Common Stock
We assign a fundamental rating of 6 out of 10 to JHG. JHG was compared to 220 industry peers in the Capital Markets industry. JHG has an excellent financial health rating, but there are some minor concerns on its profitability. JHG has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year JHG was profitable.
JHG had a positive operating cash flow in the past year.
JHG had positive earnings in 4 of the past 5 years.
Of the past 5 years JHG 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.24%, JHG belongs to the top of the industry, outperforming 80.65% of the companies in the same industry.
JHG has a Return On Equity of 11.35%. This is in the better half of the industry: JHG outperforms 62.67% of its industry peers.
JHG's Return On Invested Capital of 8.77% is fine compared to the rest of the industry. JHG outperforms 79.72% 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 7.00%.
The 3 year average ROIC (8.62%) for JHG is below the current ROIC(8.77%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 11.35% | ||
| ROIC | 8.77% |
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's Profit Margin of 18.11% is in line compared to the rest of the industry. JHG outperforms 54.38% of its industry peers.
In the last couple of years the Profit Margin of JHG has declined.
JHG has a Operating Margin (24.49%) which is in line with its industry peers.
JHG's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.49% | ||
| PM (TTM) | 18.11% | ||
| 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
There is no outstanding debt for JHG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 2.83 indicates that JHG is not a great score, but indicates only limited risk for bankruptcy at the moment.
JHG's Altman-Z score of 2.83 is fine compared to the rest of the industry. JHG outperforms 76.50% of its industry peers.
The Debt to FCF ratio of JHG is 1.16, which is an excellent value as it means it would take JHG, only 1.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.16, JHG belongs to the top of the industry, outperforming 86.18% of the companies in the same industry.
JHG has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of JHG (0.09) is better than 81.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.16 | ||
| Altman-Z | 2.83 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
JHG has a Current Ratio of 3.08. This indicates that JHG is financially healthy and has no problem in meeting its short term obligations.
JHG's Current ratio of 3.08 is amongst the best of the industry. JHG outperforms 81.11% of its industry peers.
A Quick Ratio of 3.08 indicates that JHG has no problem at all paying its short term obligations.
JHG's Quick ratio of 3.08 is amongst the best of the industry. JHG outperforms 81.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.24% over the past year.
Measured over the past 5 years, JHG shows a small growth in Earnings Per Share. The EPS has been growing by 6.18% on average per year.
EPS 1Y (TTM)26.24%
EPS 3Y-8.12%
EPS 5Y6.18%
EPS Q2Q%3.66%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.5%
3.2 Future
The Earnings Per Share is expected to grow by 5.22% on average over the next years.
Based on estimates for the next years, JHG will show a small growth in Revenue. The Revenue will grow by 0.28% on average per year.
EPS Next Y10.16%
EPS Next 2Y9.02%
EPS Next 3Y1.53%
EPS Next 5Y5.22%
Revenue Next Year8.68%
Revenue Next 2Y6.9%
Revenue Next 3Y-1.76%
Revenue Next 5Y0.28%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.82, JHG is valued correctly.
Based on the Price/Earnings ratio, JHG is valued a bit cheaper than 60.83% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.73, JHG is valued rather cheaply.
The Price/Forward Earnings ratio is 11.63, which indicates a very decent valuation of JHG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 60.83% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, JHG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 11.63 |
4.2 Price Multiples
91.71% of the companies in the same industry are more expensive than JHG, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 67.74% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.27 | ||
| EV/EBITDA | 5.36 |
4.3 Compensation for Growth
JHG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.26
PEG (5Y)2.07
EPS Next 2Y9.02%
EPS Next 3Y1.53%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 3.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 9.45, 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 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
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 not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.49%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
JHG pays out 48.06% 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.
DP48.06%
EPS Next 2Y9.02%
EPS Next 3Y1.53%
JANUS HENDERSON GROUP PLC
NYSE:JHG (12/20/2024, 8:20:08 PM)
After market: 42.55 0 (0%)42.55
+0.85 (+2.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.28%
Inst Owner Change-0.78%
Ins Owners0.24%
Ins Owner Change-1.96%
Market Cap6.77B
Analysts52.94
Price Target45.08 (5.95%)
Short Float %2.83%
Short Ratio4.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
Dividend Growth(5Y)2.49%
DP48.06%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.77%
Min EPS beat(2)15.66%
Max EPS beat(2)15.88%
EPS beat(4)4
Avg EPS beat(4)23.29%
Min EPS beat(4)13.18%
Max EPS beat(4)48.42%
EPS beat(8)8
Avg EPS beat(8)22.81%
EPS beat(12)10
Avg EPS beat(12)16.03%
EPS beat(16)14
Avg EPS beat(16)17.05%
Revenue beat(2)2
Avg Revenue beat(2)5.57%
Min Revenue beat(2)2.42%
Max Revenue beat(2)8.72%
Revenue beat(4)3
Avg Revenue beat(4)5.8%
Min Revenue beat(4)-0.18%
Max Revenue beat(4)12.25%
Revenue beat(8)6
Avg Revenue beat(8)3.67%
Revenue beat(12)8
Avg Revenue beat(12)2.72%
Revenue beat(16)11
Avg Revenue beat(16)3%
PT rev (1m)10.19%
PT rev (3m)14.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)31.03%
EPS NY rev (1m)2.84%
EPS NY rev (3m)8.77%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)17.61%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)4.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 11.63 | ||
| P/S | 2.33 | ||
| P/FCF | 11.27 | ||
| P/OCF | 11.11 | ||
| P/B | 1.46 | ||
| P/tB | 8.12 | ||
| EV/EBITDA | 5.36 |
EPS(TTM)3.32
EY7.8%
EPS(NY)3.66
Fwd EY8.6%
FCF(TTM)3.77
FCFY8.87%
OCF(TTM)3.83
OCFY9%
SpS18.26
BVpS29.14
TBVpS5.24
PEG (NY)1.26
PEG (5Y)2.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 11.35% | ||
| ROCE | 11.38% | ||
| ROIC | 8.77% | ||
| ROICexc | 14.7% | ||
| ROICexgc | N/A | ||
| OM | 24.49% | ||
| PM (TTM) | 18.11% | ||
| GM | N/A | ||
| FCFM | 20.67% |
ROA(3y)6.89%
ROA(5y)5.69%
ROE(3y)9.91%
ROE(5y)8.31%
ROIC(3y)8.62%
ROIC(5y)8.14%
ROICexc(3y)12.53%
ROICexc(5y)11.62%
ROICexgc(3y)232.89%
ROICexgc(5y)203.73%
ROCE(3y)11.19%
ROCE(5y)10.57%
ROICexcg growth 3Y-7.54%
ROICexcg growth 5Y-24.6%
ROICexc growth 3Y-7.66%
ROICexc growth 5Y-2.87%
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
F-Score7
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 1.16 | ||
| Debt/EBITDA | 0.54 | ||
| Cap/Depr | 41.83% | ||
| Cap/Sales | 0.3% | ||
| Interest Coverage | 48.71 | ||
| Cash Conversion | 83.18% | ||
| Profit Quality | 114.09% | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 | ||
| Altman-Z | 2.83 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)42.75%
Cap/Depr(5y)44.96%
Cap/Sales(3y)0.56%
Cap/Sales(5y)0.84%
Profit Quality(3y)128.63%
Profit Quality(5y)177.62%
High Growth Momentum
Growth
EPS 1Y (TTM)26.24%
EPS 3Y-8.12%
EPS 5Y6.18%
EPS Q2Q%3.66%
EPS Next Y10.16%
EPS Next 2Y9.02%
EPS Next 3Y1.53%
EPS Next 5Y5.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.5%
Revenue Next Year8.68%
Revenue Next 2Y6.9%
Revenue Next 3Y-1.76%
Revenue Next 5Y0.28%
EBIT growth 1Y60.3%
EBIT growth 3Y-10.38%
EBIT growth 5Y-5.94%
EBIT Next Year37.85%
EBIT Next 3Y19.38%
EBIT Next 5Y7.02%
FCF growth 1Y1.08%
FCF growth 3Y-11.8%
FCF growth 5Y-7.66%
OCF growth 1Y0.05%
OCF growth 3Y-11.9%
OCF growth 5Y-8.02%