Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $6.32B
• Dividend Yield: 3.99%
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): 15.9
• Beta (1Y): 1.39
• Revenue Growth: 17.41%
• EPS Growth: -4.75%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 81
• Industry: Asset Management
• EPS (TTM): 0.79
• Shares Outstanding: 157,557,820
• 10 Day Avg. Volume: 1,054,259
• 30 Day Avg. Volume: 1,193,752
• PEG Ratio: -9.37
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.56
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 0.54
• Enterprise Value/Gross Profit: 2.91
• Enterprise Value/Ebitda: 2.09
• 1Y Price Target: $40.33
• Price Target Upside: 0.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 75 Outperform
• Price Target: $41.00 ▲(2.22%Upside)

Janus Henderson Group's solid financial performance, strategic growth initiatives, and attractive valuation metrics contribute to a strong stock score. Although technical indicators are mixed, the company's resilience and shareholder-friendly actions provide a stable outlook.

Positive Factors

Business Growth

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

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

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.

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 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 displays solid profitability with strong margins and a robust balance sheet. The company has low financial leverage and effective capital management, though revenue and cash flow growth are modest. Overall, financial health is strong, providing a stable foundation for future 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
EBITDA	636.00M	654.40M	550.00M	419.70M	983.50M	265.60M
Net Income	395.70M	408.90M	392.00M	372.40M	620.00M	130.30M
Balance Sheet
Total Assets	7.12B	6.96B	6.50B	6.24B	6.74B	6.69B
Cash, Cash Equivalents and Short-Term Investments	1.08B	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	1.76B	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	691.50M	684.50M	430.80M	455.70M	885.00M	627.90M
Operating Cash Flow	701.70M	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: 40.11
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 40.11 is above the 20-day moving average (MA) of 37.31, above the 50-day MA of 36.32, and above the 200-day MA of 38.91, indicating a bullish trend. The MACD of 0.79 indicates Negative momentum. The RSI at 73.39 is Negative, neither overbought nor oversold. The STOCH value of 94.74 is Negative, 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	$3.58B	12.76	24.98%	3.00%	2.32%	1.08%
IVZ	77 Outperform	$7.42B	13.29	5.50%	5.06%	5.69%	―
AMG	76 Outperform	$5.65B	15.59	12.81%	0.02%	-6.37%	-28.43%
AB	76 Outperform	$4.57B	11.13	20.69%	7.76%	―	53.17%
JHG	75 Outperform	$6.32B	15.94	8.55%	3.99%	17.41%	-4.75%
CG	70 Outperform	$19.66B	18.39	20.38%	2.57%	81.86%	―
Sector *	67 Neutral	$16.84B	11.72	9.71%	3.76%	11.61%	-9.60%

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.