Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $7.17B
• Dividend Yield: 3.34%
• Average Volume (3M): 1.60M
• Price to Earnings (P/E): 14.1
• Beta (1Y): 1.24
• 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: 149,399,220
• 10 Day Avg. Volume: 1,406,158
• 30 Day Avg. Volume: 1,600,970
• 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: 0.77
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 3.00
• Enterprise Value/Ebitda: 7.12
• 1Y Price Target: $49.67
• Price Target Upside: 3.67% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $54.00 ▲(12.71% Upside)

The score is driven primarily by strong underlying financial stability and profitability (low leverage and solid margins), supported by a constructive earnings narrative (positive flows and record AUM). Technicals are favorable but stretched (RSI/Stoch elevated), while reasonable valuation and the all-cash acquisition agreement further underpin the risk/reward.

Positive Factors

Strong Revenue Growth

Consistent revenue growth indicates a robust business model and effective market strategies, enhancing long-term financial stability.

Record Assets Under Management

Record AUM reflects strong client trust and effective asset management, positioning the company well for future growth.

Strategic Partnerships

Strategic partnerships expand distribution capabilities and enhance product offerings, supporting long-term competitive advantage.

Negative Factors

Decline in Free Cash Flow Growth

A decline in free cash flow growth may limit future investments and shareholder returns, impacting long-term financial flexibility.

Cost Increases Due to Aladdin Transition

Increased costs from the Aladdin transition could pressure margins, affecting profitability and operational efficiency in the medium term.

Negative Equity Flows

Negative equity flows may indicate challenges in attracting or retaining investments, potentially impacting revenue and market position.

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: 47.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 47.91 is above the 20-day moving average (MA) of 46.85, above the 50-day MA of 44.81, and above the 200-day MA of 40.51, indicating a bullish trend. The MACD of 0.98 indicates Negative momentum. The RSI at 71.79 is Negative, neither overbought nor oversold. The STOCH value of 76.94 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	78 Outperform	$7.17B	14.10	11.10%	3.34%	14.48%	34.97%
MAIN	77 Outperform	$5.44B	10.31	19.07%	7.17%	11.60%	9.38%
HLNE	77 Outperform	$8.09B	26.57	31.85%	1.52%	13.01%	21.96%
AMG	74 Outperform	$8.66B	18.76	15.95%	0.01%	1.08%	8.24%
OTF	74 Outperform	$6.58B	8.16	10.58%	5.30%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
STEP	45 Neutral	$8.16B	-8.88	-750.11%	2.17%	92.02%	-1386.34%

Janus Henderson Group Corporate Events

Janus Henderson to be Acquired in All-Cash Deal

On December 21, 2025, Janus Henderson Group plc agreed to be acquired by Jupiter Company Limited, an entity backed by an investor group led by Trian Fund Management and General Catalyst, in an all-cash transaction valuing the asset manager at about $7.4 billion. Under the deal, which was unanimously recommended by a special committee of independent directors and subsequently approved by the full board, shareholders will receive $49.00 per share in cash, an 18% premium to the company’s unaffected closing price on October 24, 2025, with Trian rolling over part of its existing 20.6% stake and the transaction financed through a mix of equity from the investor group and committed debt facilities. The merger, which is expected to close in mid-2026, will see Janus Henderson become a wholly owned subsidiary of the acquirer and continue operating as a private company under its current management led by CEO Ali Dibadj, while a detailed merger agreement sets out treatment for equity awards, extensive closing conditions including shareholder, regulatory and client consents, and reciprocal termination fees. A concurrent voting agreement commits Trian, subject to certain exceptions, to support the deal, underscoring strong sponsor alignment as the buyers signal plans to make significant long-term investments in Janus Henderson’s products, client services, technology and talent, potentially reshaping the firm’s competitive positioning within the active asset management industry.

The most recent analyst rating on (JHG) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Janus Henderson Group stock, see the JHG Stock Forecast page.

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.

The most recent analyst rating on (JHG) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Janus Henderson Group stock, see the JHG Stock Forecast page.