Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $6.95B
• Dividend Yield: 3.51%
• Average Volume (3M): 868.63K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 1.27
• Revenue Growth: 14.48%
• EPS Growth: 34.97%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.09
• Shares Outstanding: 154,476,410
• 10 Day Avg. Volume: 944,408
• 30 Day Avg. Volume: 868,628
• PEG Ratio: 1.92
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 2.67
• P/FCF Ratio: 9.66
• Enterprise Value/Market Cap: 0.80
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 3.00
• Enterprise Value/Ebitda: 7.12
• 1Y Price Target: $51.71
• Price Target Upside: 14.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 3.92
• Revenue Forecast (FY): $2.59B

• Rating: 73 Outperform
• Price Target: $48.00 ▲(5.91% Upside)

Janus Henderson Group's overall stock score reflects its strong financial performance and positive earnings call, which highlighted record assets under management and strategic growth initiatives. However, technical indicators suggest a lack of strong momentum, and challenges in cash flow generation pose risks. The stock's fair valuation and attractive dividend yield provide additional support.

Positive Factors

AUM Growth

Significant AUM growth indicates strong client trust and effective investment strategies, enhancing revenue potential through management fees.

Strategic Partnerships

The partnership with Guardian expands JHG's fixed income AUM, diversifying revenue streams and strengthening market position.

Revenue Growth

Exceeding revenue expectations reflects robust business operations and effective market strategies, supporting long-term financial health.

Negative Factors

Cash Flow Challenges

Declining free cash flow growth could limit future investments and shareholder returns, impacting long-term financial flexibility.

Equity Net Outflows

Continued equity net outflows suggest challenges in retaining investor interest, potentially affecting future revenue from equity products.

Multi-Asset Capability Net Outflows

Outflows in multi-asset strategies indicate potential issues in product competitiveness, affecting diversification and revenue stability.

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 generates revenue primarily through management fees charged on the assets it manages for clients. These fees are typically calculated as a percentage of the assets under management (AUM) and can vary based on the investment products offered. Additionally, the firm earns performance fees when its investment strategies exceed predetermined benchmarks, providing an incentive to achieve higher returns for clients. Other revenue streams may include advisory services and distribution fees related to mutual funds and other investment vehicles. Strategic partnerships with financial institutions and advisors also enhance Janus Henderson's distribution capabilities, contributing to its overall earnings.

Janus Henderson Group Financial Statement Overview

Summary

Janus Henderson Group exhibits a strong financial position with robust profitability and low leverage. The income statement reflects consistent revenue growth and improved net margins, while the balance sheet shows a conservative capital structure with low debt levels. However, the cash flow statement indicates challenges in cash generation, particularly in free cash flow growth.

Income Statement

Janus Henderson Group shows a strong income statement with consistent revenue growth in the TTM period at 2.92%. The gross profit margin remains robust at approximately 69%, indicating efficient cost management. However, the EBIT margin has slightly declined from the previous year, suggesting increased operational costs. The net profit margin has improved to 20.07% in the TTM, reflecting better profitability. Overall, the company demonstrates solid revenue growth and profitability, though there is room for improvement in operational efficiency.

Balance Sheet

The balance sheet of Janus Henderson Group is strong, with a low debt-to-equity ratio of 0.08 in the TTM, indicating low financial leverage and a conservative capital structure. The return on equity has improved to 12.18%, showcasing effective use of shareholder funds to generate profits. The equity ratio remains healthy, reflecting a stable financial position. The company maintains a solid balance sheet with low leverage and improved returns, positioning it well for future growth.

Cash Flow

The cash flow statement reveals a mixed picture. The operating cash flow to net income ratio has decreased to 0.32 in the TTM, indicating less cash generation relative to net income. Free cash flow growth has significantly declined by 59.65%, which could impact future investments and shareholder returns. However, the free cash flow to net income ratio remains high at 0.98, suggesting that the company is still generating sufficient cash relative to its profits. While cash flow generation is adequate, the decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.66B	2.47B	2.10B	2.20B	2.77B	2.30B
Gross Profit	1.84B	1.70B	1.46B	1.54B	2.02B	1.63B
EBITDA	776.20M	654.40M	562.60M	419.70M	871.20M	265.60M
Net Income	534.50M	408.90M	392.00M	372.40M	620.00M	130.30M
Balance Sheet
Total Assets	7.61B	6.96B	6.50B	6.24B	6.70B	6.69B
Cash, Cash Equivalents and Short-Term Investments	2.50B	2.07B	1.88B	1.77B	1.82B	1.59B
Total Debt	395.40M	486.50M	382.50M	399.10M	444.10M	458.50M
Total Liabilities	1.94B	1.88B	1.64B	1.64B	1.90B	1.87B
Stockholders Equity	4.78B	4.59B	4.54B	4.36B	4.62B	4.72B
Cash Flow
Free Cash Flow	634.00M	684.50M	430.80M	455.70M	885.00M	627.90M
Operating Cash Flow	644.10M	694.60M	441.60M	473.30M	895.40M	645.70M
Investing Cash Flow	-434.40M	-285.40M	-328.90M	58.50M	-283.30M	129.40M
Financing Cash Flow	-670.20M	-324.40M	-151.90M	-419.10M	-588.10M	-491.00M

Janus Henderson Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 45.32 is above the 20-day moving average (MA) of 44.15, above the 50-day MA of 43.44, and above the 200-day MA of 39.74, indicating a bullish trend. The MACD of 0.59 indicates Negative momentum. The RSI at 59.65 is Neutral, neither overbought nor oversold. The STOCH value of 54.98 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
HLNE	77 Outperform	$7.36B	23.88	31.85%	1.56%	13.01%	21.96%
MAIN	75 Outperform	$5.42B	10.03	19.07%	6.49%	11.60%	9.38%
AMG	74 Outperform	$7.68B	16.68	15.95%	0.02%	1.08%	8.24%
JHG	73 Outperform	$6.95B	13.24	11.10%	3.51%	14.48%	34.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
STEP	45 Neutral	$7.51B	-7.82	-750.11%	2.30%	92.02%	-1386.34%

Janus Henderson Group Corporate Events

Janus Henderson Receives Acquisition Proposal from Trian

On October 27, 2025, Janus Henderson Group announced it received a non-binding acquisition proposal from Trian Fund Management and General Catalyst Group Management. The proposal, which was received on October 26, suggests acquiring all outstanding ordinary shares of Janus Henderson not already owned by Trian for $46.00 per share in cash. The company’s board plans to appoint a special committee to evaluate the proposal, which highlights Trian’s ongoing interest since its initial investment in 2020. The outcome of this proposal remains uncertain, with no assurance of a definitive agreement or transaction.