Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $5.81B
• Dividend Yield: 4.34%
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.38
• Revenue Growth: 17.41%
• EPS Growth: -4.75%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 79
• Industry: Asset Management
• EPS (TTM): 0.79
• Shares Outstanding: 157,557,820
• 10 Day Avg. Volume: 1,509,494
• 30 Day Avg. Volume: 1,447,207
• PEG Ratio: -0.26
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.35
• Enterprise Value/Market Cap: 0.51
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 1.66
• Enterprise Value/Ebitda: 1.30
• 1Y Price Target: $39.67
• Price Target Upside: 7.65% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 76 Outperform
• Price Target: $42.00 ▲(13.98%Upside)

Janus Henderson Group demonstrates strong financial positioning with solid profitability and effective management, which is further supported by positive earnings call insights. Technical indicators are neutral, suggesting moderate momentum, while the valuation remains attractive. The company's strategic initiatives and shareholder returns bolster investor confidence despite broader market challenges.

Positive Factors

Business strategy

JHG is on a unique growth path due to its differentiated product offerings and strength in the retail channel which should drive sustained, positive organic growth.

Strategic partnerships

The Guardian partnership also gives JHG greater credibility to win even more third-party insurance AUM.

Negative Factors

Earnings projections

The adjusted EPS for 2025 is expected to decrease by 0.8% due to softer revenues resulting from lower assets under management.

Revenue challenges

The 2026 adjusted EPS is projected to decrease by 0.5% as a result of lower revenues slightly offset by reduced expenses.

Janus Henderson Group Business Overview & Revenue Model

Company Description

Janus Henderson Group (JHG) is a global asset management group that provides a wide range of investment solutions to institutional and retail clients worldwide. The company operates in the financial services sector, offering core products and services that include equities, fixed income, multi-asset, and alternative asset classes. Janus Henderson is known for its active management approach, aiming to deliver superior risk-adjusted returns for its clients.

How the Company Makes Money

Janus Henderson Group makes money primarily through the management fees it charges on the assets it manages. These fees are calculated as a percentage of the assets under management (AUM) and are the company's main source of revenue. Additionally, Janus Henderson may also earn performance fees, which are contingent upon achieving specific investment performance benchmarks. The company benefits from economies of scale, as increasing AUM can lead to higher revenues without a proportional increase in costs. Furthermore, partnerships with financial advisors, broker-dealers, and institutional investors play a significant role in expanding its client base and increasing assets under management, thereby enhancing revenue potential.

Janus Henderson Group Financial Statement Overview

Summary

Janus Henderson Group exhibits solid financial health, characterized by strong profitability margins and a robust balance sheet with minimal leverage. The company demonstrates effective cost management and strong equity positioning, providing a stable foundation for future growth despite modest revenue growth.

Income Statement

The income statement shows a stable financial performance with a strong gross profit margin at around 71.2% for TTM (Trailing-Twelve-Months), indicating efficient cost management. The net profit margin stands at 15.7%, reflecting healthy profitability. Revenue growth was modest, increasing by 1.9% from the previous year. EBIT margin is strong at 27.3%, while EBITDA margin is slightly lower at 21.5%, suggesting good operational efficiency. Overall, the company exhibits solid profitability and efficiency, though revenue growth is modest.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.08, indicating minimal financial leverage and a strong equity base. The return on equity (ROE) for TTM is 8.4%, showing effective use of shareholder funds to generate profit. The equity ratio is high at 66.0%, suggesting a strong reliance on equity financing, which enhances financial stability. Overall, the balance sheet reflects a stable financial position with low leverage and effective capital management.

Cash Flow

The cash flow statement demonstrates strong cash generation capabilities, with a free cash flow growth rate of 0.9% over the last year, indicating stable cash flow performance. The operating cash flow to net income ratio is 1.77, and the free cash flow to net income ratio is 1.75, both reflecting efficient cash conversion from earnings. Overall, cash flows are healthy and indicative of strong liquidity management, although growth is modest.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.52B	2.47B	2.10B	2.20B	2.77B	2.30B
	Gross Profit
1.79B	1.76B	1.46B	1.59B	2.07B	1.68B
	EBIT
688.60M	645.70M	483.70M	489.80M	823.40M	717.20M
	EBITDA
540.70M	654.40M	550.00M	557.30M	983.50M	766.40M
	Net Income Common Stockholders
395.70M	399.00M	392.00M	274.50M	620.00M	130.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.08B	2.07B	1.88B	1.16B	1.56B	1.59B
	Total Assets
7.12B	6.96B	6.50B	6.24B	6.74B	6.69B
	Total Debt
395.20M	486.50M	382.50M	332.00M	310.40M	458.50M
	Net Debt
-688.40M	-748.30M	-785.60M	-830.30M	-796.90M	-649.60M
	Total Liabilities
1.76B	1.88B	1.64B	1.64B	1.91B	1.87B
	Stockholders Equity
4.69B	4.59B	4.54B	4.36B	4.66B	4.72B
Cash Flow		Free Cash Flow
690.60M	684.50M	430.80M	455.70M	885.00M	627.90M
	Operating Cash Flow
698.90M	694.60M	441.60M	473.30M	895.40M	645.70M
	Investing Cash Flow
-457.70M	-285.40M	-328.90M	58.50M	-283.30M	129.40M
	Financing Cash Flow
-65.60M	-324.40M	-151.90M	-419.10M	-588.10M	-491.00M

Janus Henderson Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.85
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JHG, the sentiment is Positive. The current price of 36.85 is below the 20-day moving average (MA) of 37.04, above the 50-day MA of 34.55, and below the 200-day MA of 38.76, indicating a neutral trend. The MACD of 0.33 indicates Positive momentum. The RSI at 55.11 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JHG.

Janus Henderson Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FHI	80 Outperform	$3.36B	11.96	24.98%	3.20%	2.32%	1.08%
AB	76 Outperform	$4.47B	10.90	20.69%	7.92%	―	53.17%
JHG	76 Outperform	$5.81B	14.66	8.55%	4.34%	17.41%	-4.75%
AMG	74 Outperform	$5.21B	14.38	12.81%	0.02%	-6.37%	-28.43%
IVZ	74 Outperform	$6.63B	11.86	5.50%	5.67%	5.69%	―
CG	73 Outperform	$16.91B	15.82	20.38%	2.99%	81.86%	―
Sector *	64 Neutral	$12.85B	9.81	7.79%	78.20%	12.23%	-7.93%

Janus Henderson Group Corporate Events

Janus Henderson COO James Lowry to Step Down

James R. Lowry will step down as Global Chief Operating Officer of Janus Henderson Group plc effective May 31, 2025. A Settlement Agreement will provide him with certain benefits, including a pro-rated bonus for 2025, with his departure finalized by August 31, 2025.

The most recent analyst rating on (JHG) stock is a Buy with a $53.00 price target. To see the full list of analyst forecasts on Janus Henderson Group stock, see the JHG Stock Forecast page.

Janus Henderson Group Announces New CEO Agreement

On May 9, 2025, Janus Henderson Group plc announced a new employment agreement with CEO Ali Dibadj, effective May 12, 2025, to retain him for the next five years. The agreement includes a base salary of $725,000 and a performance-based variable compensation program, with a special award to align the CEO’s interests with shareholders and enhance retention.