Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $6.99B
• Dividend Yield: 3.56%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 16.9
• Beta (1Y): 1.33
• Revenue Growth: 17.59%
• EPS Growth: -8.81%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.90
• Shares Outstanding: 155,978,520
• 10 Day Avg. Volume: 1,134,509
• 30 Day Avg. Volume: 1,094,890
• 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: 0.70
• Enterprise Value/Revenue: 1.90
• Enterprise Value/Gross Profit: 2.77
• Enterprise Value/Ebitda: 7.04
• 1Y Price Target: $47.33
• Price Target Upside: 6.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 79 Outperform
• Price Target: $49.00 ▲(10.51% Upside)

Janus Henderson Group's strong financial performance and positive earnings call sentiment are the most significant factors driving the stock's score. The company's robust financial health, characterized by consistent revenue growth and high profitability margins, is complemented by strategic partnerships and record AUM growth. Technical indicators support a neutral to slightly bullish outlook, while valuation metrics suggest the stock is reasonably priced with an attractive dividend yield. Challenges in specific channels and asset classes are noted but do not significantly detract from the overall positive outlook.

Positive Factors

AUM Growth

The significant growth in AUM reflects strong market positioning and successful strategic partnerships, enhancing revenue potential through increased management fees.

Strategic Partnerships

The partnership with Guardian expands JHG's fixed income capabilities and distribution network, supporting long-term growth and diversification of revenue streams.

Management Transition

The appointment of Sukh Grewal as CFO aligns financial and strategic goals, potentially enhancing operational efficiency and strategic execution over the long term.

Negative Factors

Retail Net Outflows

Persistent retail net outflows could indicate challenges in maintaining client retention and market share, affecting revenue stability in the retail segment.

U.K. Intermediary Challenges

Challenges in the U.K. intermediary market may hinder growth in a key geographic region, impacting overall asset management performance and market expansion.

Equity Net Outflows

Continued equity net outflows suggest difficulties in attracting or retaining equity investors, potentially affecting the firm's competitive position in equity markets.

Janus Henderson Group Business Overview & Revenue Model

Company Description

Janus Henderson Group (JHG) is a global asset management firm that provides a wide range of investment products and services to individual and institutional clients. With a focus on active management, the company operates across various sectors including equities, fixed income, and alternative investments. JHG offers mutual funds, exchange-traded funds (ETFs), and customized investment solutions, leveraging its deep expertise and market insights to deliver performance-oriented investment strategies.

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: 44.34
• 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 44.34 is below the 20-day moving average (MA) of 44.63, above the 50-day MA of 43.52, and above the 200-day MA of 39.51, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 52.62 is Neutral, neither overbought nor oversold. The STOCH value of 41.69 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
JHG	79 Outperform	$6.99B	16.90	8.87%	3.56%	17.59%	-8.81%
FHI	78 Outperform	3.99B	11.43	23.22%	2.52%	5.92%	54.93%
AB	76 Outperform	4.19B	11.28	―	8.88%	―	16.78%
CG	76 Outperform	23.15B	18.67	18.20%	2.20%	101.10%	―
IVZ	74 Outperform	9.89B	23.82	5.32%	3.71%	6.79%	―
AMG	74 Outperform	6.74B	17.85	15.29%	0.02%	-5.87%	-21.51%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Janus Henderson Group Corporate Events

Janus Henderson Group Announces CFO Retirement

On August 15, 2025, Janus Henderson Group announced the upcoming retirement of its Chief Financial Officer, Roger Thompson, effective March 31, 2026. In his place, Sukh Grewal, currently the Head of Strategy & Corporate Development, will assume the role of CFO starting April 1, 2026. Grewal, who has been with Janus Henderson since 2022, has played a significant role in shaping the company’s strategic direction and expanding its investment capabilities. The transition is expected to align the company’s financial and corporate strategy teams more closely, potentially enhancing value for shareholders, clients, and employees.