JANUS HENDERSON GROUP PLC (JHG) Stock Fundamental Analysis
NYSE:JHG - New York Stock Exchange, Inc. - JE00BYPZJM29 - Common Stock - Currency: USD
JHG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 225 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 decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years JHG has been profitable.
Of the past 5 years JHG 4 years had a positive operating cash flow.
1.2 Ratios
JHG has a better Return On Assets (7.24%) than 82.19% of its industry peers.
Looking at the Return On Equity, with a value of 11.35%, JHG is in the better half of the industry, outperforming 60.73% of the companies in the same industry.
JHG's Return On Invested Capital of 8.75% is amongst the best of the industry. JHG outperforms 83.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 11.35% | ||
| ROIC | 8.75% |
ROA(3y)5.79%
ROA(5y)5.75%
ROE(3y)8.38%
ROE(5y)8.3%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 18.11%, JHG perfoms like the industry average, outperforming 52.97% of the companies in the same industry.
In the last couple of years the Profit Margin of JHG has declined.
Looking at the Operating Margin, with a value of 24.49%, JHG is in line with its industry, outperforming 44.75% of the companies in the same industry.
In the last couple of years the Operating Margin of JHG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.49% | ||
| PM (TTM) | 18.11% | ||
| 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
JHG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for JHG has been reduced compared to 5 years ago.
Compared to 1 year ago, JHG has a worse debt to assets ratio.
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.
With a decent Altman-Z score value of 2.83, JHG is doing good in the industry, outperforming 76.71% of the companies in the same industry.
JHG has a debt to FCF ratio of 1.16. This is a very positive value and a sign of high solvency as it would only need 1.16 years to pay back of all of its debts.
The Debt to FCF ratio of JHG (1.16) is better than 86.30% of its industry peers.
JHG has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
JHG's Debt to Equity ratio of 0.09 is amongst the best of the industry. JHG outperforms 80.82% 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
A Current Ratio of 3.08 indicates that JHG has no problem at all paying its short term obligations.
The Current ratio of JHG (3.08) is better than 78.54% of its industry peers.
A Quick Ratio of 3.08 indicates that JHG has no problem at all paying its short term obligations.
JHG has a Quick ratio of 3.08. This is in the better half of the industry: JHG outperforms 78.54% 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 34.60% over the past year.
The Earnings Per Share has been growing slightly by 7.55% on average over the past years.
Looking at the last year, JHG shows a very strong growth in Revenue. The Revenue has grown by 42.34%.
JHG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.44% yearly.
EPS 1Y (TTM)34.6%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%30.49%
Revenue 1Y (TTM)42.34%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%24.59%
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 3.88% on average per year.
Based on estimates for the next years, JHG will show a small growth in Revenue. The Revenue will grow by 0.37% on average per year.
EPS Next Y3.57%
EPS Next 2Y8.78%
EPS Next 3Y7.37%
EPS Next 5Y3.88%
Revenue Next Year6.35%
Revenue Next 2Y7.1%
Revenue Next 3Y5.6%
Revenue Next 5Y0.37%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.05 indicates a correct valuation of JHG.
Compared to the rest of the industry, the Price/Earnings ratio of JHG indicates a somewhat cheap valuation: JHG is cheaper than 62.56% of the companies listed in the same industry.
JHG is valuated cheaply when we compare the Price/Earnings ratio to 30.30, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.64, the valuation of JHG can be described as very reasonable.
63.01% of the companies in the same industry are more expensive than JHG, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of JHG to the average of the S&P500 Index (23.06), we can say JHG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.05 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, JHG is valued cheaply inside the industry as 93.15% of the companies are valued more expensively.
68.95% 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 | 11.3 | ||
| EV/EBITDA | 5.38 |
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)3.38
PEG (5Y)1.6
EPS Next 2Y8.78%
EPS Next 3Y7.37%
5. Dividend
5.1 Amount
JHG has a Yearly Dividend Yield of 3.57%.
Compared to an average industry Dividend Yield of 9.68, JHG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, JHG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.57% |
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
48.06% of the earnings are spent on dividend by JHG. 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 2Y8.78%
EPS Next 3Y7.37%
42.66
-0.85 (-1.95%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.28%
Inst Owner Change0.81%
Ins Owners0.24%
Ins Owner Change-1.96%
Market Cap6.78B
Analysts67.14
Price Target46.58 (9.19%)
Short Float %2.59%
Short Ratio4.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.57% |
Yearly Dividend1.57
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)1.26%
PT rev (3m)13.85%
EPS NQ rev (1m)-0.84%
EPS NQ rev (3m)0.83%
EPS NY rev (1m)0.25%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)-1.48%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)-3.89%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.05 | ||
| Fwd PE | 11.64 | ||
| P/S | 2.34 | ||
| P/FCF | 11.3 | ||
| P/OCF | 11.14 | ||
| P/B | 1.46 | ||
| P/tB | 8.14 | ||
| EV/EBITDA | 5.38 |
EPS(TTM)3.54
EY8.3%
EPS(NY)3.67
Fwd EY8.59%
FCF(TTM)3.77
FCFY8.85%
OCF(TTM)3.83
OCFY8.98%
SpS18.26
BVpS29.14
TBVpS5.24
PEG (NY)3.38
PEG (5Y)1.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 11.35% | ||
| ROCE | 11.38% | ||
| ROIC | 8.75% | ||
| ROICexc | 14.68% | ||
| ROICexgc | N/A | ||
| OM | 24.49% | ||
| PM (TTM) | 18.11% | ||
| GM | N/A | ||
| FCFM | 20.67% |
ROA(3y)5.79%
ROA(5y)5.75%
ROE(3y)8.38%
ROE(5y)8.3%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
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)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.6%
EPS 3Y-6.13%
EPS 5Y7.55%
EPS Q2Q%30.49%
EPS Next Y3.57%
EPS Next 2Y8.78%
EPS Next 3Y7.37%
EPS Next 5Y3.88%
Revenue 1Y (TTM)42.34%
Revenue growth 3Y-3.67%
Revenue growth 5Y2.44%
Sales Q2Q%24.59%
Revenue Next Year6.35%
Revenue Next 2Y7.1%
Revenue Next 3Y5.6%
Revenue Next 5Y0.37%
EBIT growth 1Y60.3%
EBIT growth 3Y-11.92%
EBIT growth 5Y3.34%
EBIT Next Year15.47%
EBIT Next 3Y11.42%
EBIT Next 5Y1.34%
FCF growth 1Y46.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.88%
OCF growth 3YN/A
OCF growth 5YN/A