Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $6.89B
• Dividend Yield: 3.56%
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): 16.6
• Beta (1Y): 1.34
• Revenue Growth: 17.59%
• EPS Growth: -8.81%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 72
• Industry: Asset Management
• EPS (TTM): 0.90
• Shares Outstanding: 155,978,520
• 10 Day Avg. Volume: 1,273,554
• 30 Day Avg. Volume: 1,080,480
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 1.90
• Enterprise Value/Gross Profit: 2.77
• Enterprise Value/Ebitda: 7.04
• 1Y Price Target: $47.14
• Price Target Upside: 8.92% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 80 Outperform
• Price Target: $49.00 ▲(13.22% Upside)

Janus Henderson Group's strong financial performance and positive earnings call highlight a healthy and promising outlook, supported by robust AUM growth and strategic partnerships. While technical analysis suggests positive momentum, valuation metrics indicate the stock is reasonably priced. Challenges in retail outflows and specific market segments are noted but overshadowed by the company's strengths.

Positive Factors

Financial Performance

Adjusted earnings per share for Janus Henderson Group have increased due to better management fees, indicating improved financial performance.

Market Confidence

The price target for Janus Henderson Group has been raised, reflecting confidence in the company's future performance.

Strategic Partnerships

JHG announced a partnership with Guardian Life, including management of $45B and issuance of 1.6M equity warrants.

Negative Factors

Operating Expenses

The positive impact of increased management fees is partially offset by elevated operating expenses, which could affect profitability.

Revenue Challenges

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

Janus Henderson Group Business Overview & Revenue Model

Company Description

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. The firm also manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income markets, as well as invests in real estate and private equity. Janus Henderson Group plc was founded in 1934 and is based in London, United Kingdom with additional offices in Jersey, United Kingdom and Sydney, Australia.

How the Company Makes Money

Janus Henderson Group generates revenue primarily through the management of assets for clients, charging management fees based on the assets under management (AUM). These fees are typically a percentage of AUM and can vary depending on the type of investment product and service provided. Additionally, the company earns performance fees when its investment funds exceed certain benchmarks, providing an incentive to maximize returns for investors. Key revenue streams include management fees from mutual funds, ETFs, and institutional accounts. Partnerships with financial advisors and institutions also enhance its distribution capabilities, contributing to its overall earnings. Market conditions, investment performance, and client retention are significant factors influencing the company's revenue.

Janus Henderson Group Financial Statement Overview

Summary

Janus Henderson Group demonstrates robust financial health characterized by consistent revenue growth, high profitability margins, low leverage, and strong cash flows. While there are minor declines in EBIT and Free Cash Flow growth, the overall financial position remains strong, indicating effective management and operational efficiency in the asset management industry.

Income Statement

The income statement shows solid revenue growth of 3.37% in TTM (Trailing-Twelve-Months) compared to the previous year, along with a strong Gross Profit Margin of 70.24%. The Net Profit Margin is healthy at 16.39% in TTM, indicating profitability. EBIT and EBITDA margins are robust at 26.58% and 21.81% respectively, showing efficient cost management, though slightly lower compared to the previous year.

Balance Sheet

The balance sheet is strong with a low Debt-to-Equity Ratio of 0.08 in TTM, indicating low leverage and financial stability. The Equity Ratio is substantial at 63.98%, reflecting high asset financing through equity. Return on Equity stands at 8.79%, showcasing reasonable shareholder returns despite a slight decline from previous years.

Cash Flow

Cash flow analysis reveals a slight decline in Free Cash Flow compared to the previous year but remains strong at $469.4 million in TTM. The Operating Cash Flow to Net Income Ratio is 1.14, indicating healthy cash generation relative to net income. Free Cash Flow to Net Income Ratio is positive at 1.12, showing effective cash management capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.59B	2.47B	2.10B	2.20B	2.77B	2.30B
Gross Profit	1.78B	1.70B	1.46B	1.54B	2.02B	1.63B
EBITDA	698.40M	654.40M	562.60M	419.70M	871.20M	265.60M
Net Income	419.70M	408.90M	392.00M	372.40M	620.00M	130.30M
Balance Sheet
Total Assets	7.45B	6.96B	6.50B	6.24B	6.70B	6.69B
Cash, Cash Equivalents and Short-Term Investments	2.35B	2.07B	1.88B	1.77B	1.82B	1.59B
Total Debt	395.20M	486.50M	382.50M	399.10M	444.10M	458.50M
Total Liabilities	1.81B	1.88B	1.64B	1.64B	1.90B	1.87B
Stockholders Equity	4.77B	4.59B	4.54B	4.36B	4.62B	4.72B
Cash Flow
Free Cash Flow	603.50M	684.50M	430.80M	455.70M	885.00M	627.90M
Operating Cash Flow	613.80M	694.60M	441.60M	473.30M	895.40M	645.70M
Investing Cash Flow	-688.80M	-285.40M	-328.90M	58.50M	-283.30M	129.40M
Financing Cash Flow	-82.40M	-324.40M	-151.90M	-419.10M	-588.10M	-491.00M

Janus Henderson Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 43.28 is above the 20-day moving average (MA) of 42.71, above the 50-day MA of 40.08, and above the 200-day MA of 39.26, indicating a bullish trend. The MACD of 0.96 indicates Positive momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 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	82 Outperform	$4.18B	11.98	32.69%	2.41%	5.92%	54.93%
JHG	80 Outperform	$6.89B	16.64	8.87%	3.56%	17.59%	-8.81%
AMG	79 Outperform	$6.34B	16.78	13.47%	0.02%	-5.87%	-21.51%
AB	76 Outperform	$4.44B	11.95	18.55%	8.20%	―	16.78%
IVZ	76 Outperform	$9.52B	22.92	5.74%	3.89%	6.79%	―
CG	75 Outperform	$23.48B	18.94	23.07%	2.16%	101.10%	―
Sector *	58 Neutral	HK$112.05B	6.02	-4.20%	3.95%	9.29%	-46.28%

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.