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JHG

Janus Henderson GroupNYSE:JHG Stock Report

Market Cap

US$7.7b

7D

1.2%

1Y

69.3%

Updated

21 Oct, 2021

Data

Company Financials +
JHG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

JHG Overview

Janus Henderson Group plc is an asset management holding entity.

Janus Henderson Group Competitors

Blackstone

NYSE:BX

US$146.3b

BlackRock

NYSE:BLK

US$137.4b

KKR

NYSE:KKR

US$59.7b

T. Rowe Price Group

NasdaqGS:TROW

US$46.4b

Price History & Performance

Summary of all time highs, changes and price drops for Janus Henderson Group
Historical stock prices
Current Share PriceUS$45.38
52 Week HighUS$23.95
52 Week LowUS$46.27
Beta1.41
1 Month Change11.34%
3 Month Change13.51%
1 Year Change69.27%
3 Year Change90.43%
5 Year Changen/a
Change since IPO48.30%

Recent News & Updates

Oct 19

Janus Henderson Stock: Pay Attention To AUM Growth And New Hire

Janus Henderson's AUM growth in the recent quarter was not as good as what headline numbers suggest, as strong financial market performance more than offset net redemptions. JHG's new Global COO officially joined the company at the beginning of this month, and it is worth watching if JHG implements any new initiatives to improve operating efficiency. The market values Janus Henderson at consensus forward fiscal 2021 and 2022 normalized P/E multiples of 11.1 times and 11.0 times, respectively.

Aug 04

Janus Henderson - Markets Helping, Upgrade To Bullish

JHG reported another quarter of net outflows in 2Q21, but earnings were boosted by strong markets and performance fees. Investment performance versus peers is an area of concern and should be carefully watched. With valuation supported by higher AUM, and a positive assessment of management, I upgrade to Bullish. Investors concerned about an equity market correction should be mindful of JHG’s market leverage.

Aug 04
Janus Henderson Group (NYSE:JHG) Has Announced That It Will Be Increasing Its Dividend To US$0.38

Janus Henderson Group (NYSE:JHG) Has Announced That It Will Be Increasing Its Dividend To US$0.38

Janus Henderson Group plc ( NYSE:JHG ) has announced that it will be increasing its dividend on the 25th of August to...

Shareholder Returns

JHGUS Capital MarketsUS Market
7D1.2%5.4%3.8%
1Y69.3%61.5%31.5%

Return vs Industry: JHG exceeded the US Capital Markets industry which returned 61.5% over the past year.

Return vs Market: JHG exceeded the US Market which returned 31.5% over the past year.

Price Volatility

Is JHG's price volatile compared to industry and market?
JHG volatility
JHG Beta1.41
Industry Beta1.19
Market Beta1

Stable Share Price: JHG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JHG's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19342,000Dick Weilhttps://www.janushenderson.com

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios.

Janus Henderson Group Fundamentals Summary

How do Janus Henderson Group's earnings and revenue compare to its market cap?
JHG fundamental statistics
Market CapUS$7.74b
Earnings (TTM)US$585.20m
Revenue (TTM)US$2.61b

13.2x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JHG income statement (TTM)
RevenueUS$2.61b
Cost of RevenueUS$874.90m
Gross ProfitUS$1.73b
ExpensesUS$1.15b
EarningsUS$585.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)3.43
Gross Margin66.45%
Net Profit Margin22.44%
Debt/Equity Ratio6.5%

How did JHG perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

44%

Payout Ratio

Valuation

Is Janus Henderson Group undervalued compared to its fair value and its price relative to the market?

27.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JHG ($45.38) is trading below our estimate of fair value ($62.45)

Significantly Below Fair Value: JHG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JHG is good value based on its PE Ratio (13.2x) compared to the US Capital Markets industry average (16.1x).

PE vs Market: JHG is good value based on its PE Ratio (13.2x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: JHG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: JHG is good value based on its PB Ratio (1.7x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is Janus Henderson Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JHG's earnings are forecast to decline over the next 3 years (-0.5% per year).

Earnings vs Market: JHG's earnings are forecast to decline over the next 3 years (-0.5% per year).

High Growth Earnings: JHG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JHG's revenue (0.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: JHG's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JHG's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has Janus Henderson Group performed over the past 5 years?

2.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JHG has high quality earnings.

Growing Profit Margin: JHG's current net profit margins (22.4%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: JHG's earnings have grown by 2.4% per year over the past 5 years.

Accelerating Growth: JHG's earnings growth over the past year (691.9%) exceeds its 5-year average (2.4% per year).

Earnings vs Industry: JHG earnings growth over the past year (691.9%) exceeded the Capital Markets industry 77.5%.


Return on Equity

High ROE: JHG's Return on Equity (13.1%) is considered low.


Financial Health

How is Janus Henderson Group's financial position?


Financial Position Analysis

Short Term Liabilities: JHG's short term assets ($2.2B) exceed its short term liabilities ($733.4M).

Long Term Liabilities: JHG's short term assets ($2.2B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: JHG's debt to equity ratio (6.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if JHG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: JHG's debt is well covered by operating cash flow (223.8%).

Interest Coverage: JHG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Janus Henderson Group current dividend yield, its reliability and sustainability?

3.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JHG's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: JHG's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JHG has been paying a dividend for less than 10 years.

Growing Dividend: JHG's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.9%), JHG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JHG's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.2yrs

Average management tenure


CEO

Dick Weil (57 yo)

3.17yrs

Tenure

US$9,821,058

Compensation

Mr. Richard MacCoy Weil, also known as Dick, has been Chief Executive Officer at Janus Henderson Group plc since August 1, 2018, and its Executive Director since May 2017. Mr. Weil served as Co-Chief Execu...


CEO Compensation Analysis

Compensation vs Market: Dick's total compensation ($USD9.82M) is above average for companies of similar size in the US market ($USD6.29M).

Compensation vs Earnings: Dick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: JHG's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: JHG's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JHG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Janus Henderson Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Janus Henderson Group plc
  • Ticker: JHG
  • Exchange: NYSE
  • Founded: 1934
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$7.741b
  • Shares outstanding: 170.58m
  • Website: https://www.janushenderson.com

Number of Employees


Location

  • Janus Henderson Group plc
  • 201 Bishopsgate
  • London
  • Greater London
  • EC2M 3AE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 23:00
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.