(JHG) Janus Henderson - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 7.974m USD | Total Return: 46.5% in 12m
Avg Turnover: 105M
EPS Trend: 98.4%
Qual. Beats: 0
Rev. Trend: 97.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Idiosyncratic Leader
Janus Henderson Group PLC (NYSE: JHG) is a London-based global asset management firm providing investment solutions to institutional, retail, and high-net-worth clients. The company manages a diverse range of equity, fixed income, and balanced portfolios, with additional specialized focus on private equity, real estate, and middle-market buyout investments.
The firm operates within the Asset Management & Custody Banks sub-industry, a sector where revenue is primarily driven by management fees calculated as a percentage of total assets under management (AUM). Janus Henderson maintains a global footprint with significant operations in North America, Australia, and emerging markets such as China and India.
Investors can evaluate the firms historical performance and valuation metrics on ValueRay to deepen their analysis. Founded in 1934, the company utilizes an active management business model, seeking to outperform market benchmarks through fundamental research and sector-specific expertise across industries ranging from healthcare to alternative energy.
- Assets under management growth drives management fee revenue and operating margins
- Net outflow trends in active equity funds impact long-term profitability
- Global equity market volatility directly affects asset valuation and performance fees
- Expansion into exchange-traded funds and private credit diversifies revenue streams
- Regulatory shifts in UK and US markets increase compliance and operating costs
| Net Income: 770.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.34 > 1.0 |
| NWC/Revenue: 78.06% < 20% (prev 83.51%; Δ -5.45% < -1%) |
| CFO/TA 0.12 > 3% & CFO 951.5m > Net Income 770.2m |
| Net Debt (-2.09b) to EBITDA (857.9m): -2.44 < 3 |
| Current Ratio: 3.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (150.4m) vs 12m ago -2.84% < -2% |
| Gross Margin: 71.78% > 18% (prev 68.78%; Δ 3.00% > 0.5%) |
| Asset Turnover: 42.61% > 50% (prev 35.73%; Δ 6.89% > 0%) |
| Interest Coverage Ratio: 33.28 > 6 (EBIT TTM 818.7m / Interest Expense TTM 24.6m) |
| A: 0.32 (Total Current Assets 3.34b - Total Current Liabilities 858.6m) / Total Assets 7.80b |
| B: 0.20 (Retained Earnings 1.59b / Total Assets 7.80b) |
| C: 0.11 (EBIT TTM 818.7m / Avg Total Assets 7.46b) |
| D: 2.49 (Book Value of Equity 5.18b / Total Liabilities 2.08b) |
| Altman-Z'' = 6.10 = AAA |
| DSRI: 0.58 (Receivables 319.2m/436.6m, Revenue 3.18b/2.54b) |
| GMI: 0.96 (GM 68.78% / 71.78%) |
| AQI: 0.93 (AQ_t 0.57 / AQ_t-1 0.61) |
| SGI: 1.25 (Revenue 3.18b / 2.54b) |
| TATA: -0.02 (NI 770.2m - CFO 951.5m) / TA 7.80b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of June 07, 2026, the stock is trading at USD 51.76 with a total of 1,107,456 shares traded.
Over the past week, the price has changed by +0.10%,
over one month by +0.31%,
over three months by +0.52% and
over the past year by +46.51%.
Janus Henderson has received a consensus analysts rating of 3.45. Therefore, it is recommended to hold JHG.
- StrongBuy: 2
- Buy: 1
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 52.7 | 1.8% |
P/E Trailing = 10.2485
P/E Forward = 11.8343
P/S = 2.5188
P/B = 1.5408
P/EG = 1.0603
Revenue TTM = 3.18b USD
EBIT TTM = 818.7m USD
EBITDA TTM = 857.9m USD
Long Term Debt = 395.6m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 504.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 109.3m
Net Debt = -2.09b USD (calculated: Debt 504.9m - CCE 2.60b)
Enterprise Value = 5.88b USD (7.97b + Debt 504.9m - CCE 2.60b)
Interest Coverage Ratio = 33.28 (Ebit TTM 818.7m / Interest Expense TTM 24.6m)
EV/FCF = 6.25x (Enterprise Value 5.88b / FCF TTM 941.6m)
FCF Yield = 16.01% (FCF TTM 941.6m / Enterprise Value 5.88b)
FCF Margin = 29.62% (FCF TTM 941.6m / Revenue TTM 3.18b)
Net Margin = 24.23% (Net Income TTM 770.2m / Revenue TTM 3.18b)
Gross Margin = 71.78% ((Revenue TTM 3.18b - Cost of Revenue TTM 897.2m) / Revenue TTM)
Gross Margin QoQ = 73.02% (prev 73.19%)
Tobins Q-Ratio = 0.75 (Enterprise Value 5.88b / Total Assets 7.80b)
Interest Expense / Debt = 4.87% (Interest Expense 24.6m / Debt 504.9m)
Taxrate = 21.23% (242.2m / 1.14b)
NOPAT = 644.9m (EBIT 818.7m * (1 - 21.23%))
Current Ratio = 3.89 (Total Current Assets 3.34b / Total Current Liabilities 858.6m)
Debt / Equity = 0.10 (Debt 504.9m / totalStockholderEquity, last quarter 5.18b)
Debt / EBITDA = -2.44 (Net Debt -2.09b / EBITDA 857.9m)
Debt / FCF = -2.22 (Net Debt -2.09b / FCF TTM 941.6m)
Total Stockholder Equity = 5.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.32% (Net Income 770.2m / Total Assets 7.80b)
RoE = 15.40% (Net Income TTM 770.2m / Total Stockholder Equity 5.00b)
RoCE = 15.17% (EBIT 818.7m / Capital Employed (Equity 5.00b + L.T.Debt 395.6m))
RoIC = 9.50% (NOPAT 644.9m / Invested Capital 6.78b)
WACC = 10.32% (E(7.97b)/V(8.48b) * Re(10.73%) + D(504.9m)/V(8.48b) * Rd(4.87%) * (1-Tc(0.21)))
Discount Rate = 10.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -72.55 | Cagr: -2.77%
[DCF] Terminal Value 71.87% ; FCFF base≈841.8m ; Y1≈965.0m ; Y5≈1.42b
[DCF] Fair Price = 116.5 (EV 15.9b - Net Debt -2.09b = Equity 17.9b / Shares 154.1m; r=10.32% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.41 | EPS CAGR: 29.89% | SUE: -0.27 | # QB: 0
Revenue Correlation: 97.20 | Revenue CAGR: 17.64% | SUE: 0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.06 | Chg30d=-19.89% | Revisions=-20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.11 | Chg30d=-15.53% | Revisions=-20% | Analysts=4
EPS current Year (2026-12-31): EPS=4.38 | Chg30d=+0.64% | Revisions=N/A | GrowthEPS=-8.5% | GrowthRev=-6.0%
EPS next Year (2027-12-31): EPS=4.72 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+8.0% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: -20%