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Janus Henderson Group

DB:HDJA
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HDJA
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Janus Henderson Group plc is an asset management holding entity. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Janus Henderson Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Janus Henderson Group has significant price volatility in the past 3 months.
HDJA Share Price and Events
7 Day Returns
0.7%
DB:HDJA
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-38.6%
DB:HDJA
-11.8%
DE Capital Markets
-20.4%
DE Market
HDJA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Janus Henderson Group (HDJA) 0.7% -26.6% -35.5% -38.6% - -
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • HDJA underperformed the Capital Markets industry which returned -11.8% over the past year.
  • HDJA underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
HDJA
Industry
5yr Volatility vs Market

HDJA Value

 Is Janus Henderson Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Janus Henderson Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Janus Henderson Group.

DB:HDJA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= $28.12 * 8.6%
$2.43
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $28.12
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HDJA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 19%) (17.15%))
0.9
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.9 * 6.07%)
5.07%

Discounted Cash Flow Calculation for DB:HDJA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Janus Henderson Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:HDJA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 5.07%) * $28.12)
$1.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.00 / (5.07% - -0.39%)
$18.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $28.12 + $18.31
$46.43
DB:HDJA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HDJA represents 0.91877x of NYSE:JHG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91877x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 46.43 x 0.91877
€42.66
Value per share (EUR) From above. €42.66
Current discount Discount to share price of €13.80
= -1 x (€13.80 - €42.66) / €42.66
67.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Janus Henderson Group is available for.
Intrinsic value
>50%
Share price is €13.8 vs Future cash flow value of €42.66
Current Discount Checks
For Janus Henderson Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Janus Henderson Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Janus Henderson Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Janus Henderson Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Janus Henderson Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HDJA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.21
NYSE:JHG Share Price ** NYSE (2020-04-02) in USD $15.02
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Janus Henderson Group.

DB:HDJA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:JHG Share Price ÷ EPS (both in USD)

= 15.02 ÷ 2.21

6.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Janus Henderson Group is good value based on earnings compared to the DE Capital Markets industry average.
  • Janus Henderson Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Janus Henderson Group's expected growth come at a high price?
Raw Data
DB:HDJA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
3.3%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:HDJA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.79x ÷ 3.3%

2.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Janus Henderson Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Janus Henderson Group's assets?
Raw Data
DB:HDJA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $26.64
NYSE:JHG Share Price * NYSE (2020-04-02) in USD $15.02
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:HDJA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:JHG Share Price ÷ Book Value per Share (both in USD)

= 15.02 ÷ 26.64

0.56x

* Primary Listing of Janus Henderson Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Janus Henderson Group is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Janus Henderson Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Janus Henderson Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HDJA Future Performance

 How is Janus Henderson Group expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Janus Henderson Group expected to grow at an attractive rate?
  • Janus Henderson Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Janus Henderson Group's earnings growth is positive but not above the Germany market average.
  • Janus Henderson Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HDJA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HDJA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 3.3%
DB:HDJA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -0.3%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HDJA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HDJA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,168 547 511 1
2023-12-31 2,309 528 490 2
2022-12-31 2,061 503 449 3
2021-12-31 2,066 477 411 11
2020-12-31 2,082 491 423 11
2020-04-02
DB:HDJA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,192 463 416
2019-09-30 2,136 500 411
2019-06-30 2,182 573 411
2019-03-31 2,238 574 442
2018-12-31 2,306 671 511
2018-09-30 2,383 653 866
2018-06-30 2,369 563 854
2018-03-31 2,173 436 758
2017-12-31 1,818 444 638
2017-09-30 1,440 327 216
2017-06-30 1,118 213 171
2017-03-31 977 263 178

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Janus Henderson Group's earnings are expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
  • Janus Henderson Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HDJA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Janus Henderson Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HDJA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.83 2.92 2.73 2.00
2021-12-31 2.38 2.81 1.95 4.00
2020-12-31 2.43 2.59 2.01 4.00
2020-04-02
DB:HDJA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.21
2019-09-30 2.16
2019-06-30 2.13
2019-03-31 2.28
2018-12-31 2.62
2018-09-30 4.42
2018-06-30 4.35
2018-03-31 4.15
2017-12-31 3.97
2017-09-30 1.55
2017-06-30 1.46
2017-03-31 1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Janus Henderson Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Janus Henderson Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Janus Henderson Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HDJA Past Performance

  How has Janus Henderson Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Janus Henderson Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Janus Henderson Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Janus Henderson Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Janus Henderson Group's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Janus Henderson Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Janus Henderson Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HDJA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,192.40 415.90 789.60
2019-09-30 2,136.30 411.20 752.30
2019-06-30 2,181.50 410.80 755.50
2019-03-31 2,238.00 441.80 757.30
2018-12-31 2,306.40 511.10 773.00
2018-09-30 2,383.10 866.00 763.50
2018-06-30 2,368.80 854.10 754.60
2018-03-31 2,173.00 757.50 687.60
2017-12-31 1,818.30 638.20 629.10
2017-09-30 1,439.90 215.70 493.40
2017-06-30 1,118.00 171.30 403.80
2017-03-31 977.15 178.45 371.90
2016-12-31 1,018.20 184.50 397.30
2016-09-30 1,009.18 193.77 408.95
2016-06-30 1,027.46 189.36 452.44
2016-03-31 1,097.10 214.68 511.87
2015-12-31 1,155.10 320.80 411.40
2015-09-30 1,144.59 245.67 555.42
2015-06-30 1,152.07 257.12 554.33
2015-03-31 1,039.06 215.72 506.90
2014-12-31 1,038.26 197.77 514.14
2014-06-30 1,049.17 182.33 535.88
2014-03-31 997.75 178.18 505.63
2013-12-31 967.12 177.59 486.04
2013-06-30 736.83 135.27 360.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Janus Henderson Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Janus Henderson Group used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Janus Henderson Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Janus Henderson Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Janus Henderson Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HDJA Health

 How is Janus Henderson Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Janus Henderson Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Janus Henderson Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Janus Henderson Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Janus Henderson Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Janus Henderson Group Company Filings, last reported 3 months ago.

DB:HDJA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,584.10 316.20 1,974.80
2019-09-30 4,960.80 316.90 1,357.90
2019-06-30 4,974.10 317.70 1,288.90
2019-03-31 5,012.10 318.40 1,308.00
2018-12-31 4,996.90 319.10 1,491.10
2018-09-30 5,037.70 319.80 1,410.30
2018-06-30 5,086.70 330.00 1,368.20
2018-03-31 5,144.60 330.80 1,385.20
2017-12-31 5,065.80 379.20 1,494.30
2017-09-30 4,663.20 406.00 1,413.50
2017-06-30 4,547.10 438.90 1,342.20
2017-03-31 1,850.30 0.00 716.50
2016-12-31 1,850.30 0.00 716.50
2016-09-30 1,411.73 0.00 611.54
2016-06-30 1,411.73 0.00 611.54
2016-03-31
2015-12-31 1,545.05 221.06 872.88
2015-09-30 1,585.38 226.83 895.66
2015-06-30 1,593.49 235.41 736.91
2015-03-31 1,505.40 222.40 696.17
2014-12-31 1,586.53 232.84 532.07
2014-06-30 1,629.01 255.20 623.45
2014-03-31 1,587.47 248.69 607.55
2013-12-31 1,385.41 246.67 494.82
2013-06-30 1,218.03 226.01 388.94
  • Janus Henderson Group's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.7% vs 5.7% today).
  • Debt is well covered by operating cash flow (146.5%, greater than 20% of total debt).
  • Janus Henderson Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Janus Henderson Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Janus Henderson Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HDJA Dividends

 What is Janus Henderson Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9.59%
Current annual income from Janus Henderson Group dividends. Estimated to be 10.12% next year.
If you bought €2,000 of Janus Henderson Group shares you are expected to receive €192 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Janus Henderson Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Janus Henderson Group's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HDJA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HDJA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.59 4.00
2021-12-31 1.53 13.00
2020-12-31 1.48 13.00
2020-04-02
DB:HDJA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-04 1.440 7.633
2019-10-30 1.440 5.808
2019-07-31 1.440 7.016
2019-05-02 1.440 6.615
2019-02-05 1.440 5.881
2018-11-01 1.440 6.602
2018-07-31 1.440 5.393
2018-05-09 1.440 4.530
2018-02-06 1.280 3.823
2017-11-09 1.280 3.363
2017-08-08 1.280 3.699

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Janus Henderson Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Janus Henderson Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Janus Henderson Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Janus Henderson Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Janus Henderson Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Janus Henderson Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HDJA Management

 What is the CEO of Janus Henderson Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dick Weil
COMPENSATION $10,098,456
AGE 55
TENURE AS CEO 1.7 years
CEO Bio

Mr. Richard MacCoy Weil, also known as Dick, has been Chief Executive Officer at Janus Henderson Group plc since August 1, 2018, and its Executive Director since May 2017. Mr. Weil served as Co-Chief Executive Officer at Janus Henderson Group Plc from May 2017 until July 31, 2018. Mr. Weil was Chief Executive Officer at Janus Capital Group from February 2010 to May 2017. Mr. Weil has several years of financial industry experience. Prior to joining Janus as Chief Executive Officer in 2010, Mr. Weil spent 15 years with PIMCO where most recently he served as the global head of PIMCO Advisory and a member of the board of trustees of the PIMCO Funds. Previous to his appointment as global head of PIMCO Advisory, he served as Chief Operating Officer at PIMCO, a position he held for 10 years. Mr. Weil also previously served as PIMCO Advisors LP’s General Counsel. Prior to joining PIMCO in 1996, Mr. Weil was with Bankers Trust Global Asset Management and Simpson Thacher & Bartlett LLP. Mr. Weil earned his Bachelor of Arts Degree in Economics from Duke University in1985 and his Juris Doctorate from the University of Chicago Law School in 1989.

CEO Compensation
  • Dick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dick's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Janus Henderson Group management team in years:

3.1
Average Tenure
55
Average Age
  • The tenure for the Janus Henderson Group management team is about average.
Management Team

Dick Weil

TITLE
CEO & Executive Director
COMPENSATION
$10M
AGE
55
TENURE
1.7 yrs

Roger Martin Thompson

TITLE
Chief Financial Officer
AGE
51
TENURE
7.3 yrs

Bruce Koepfgen

TITLE
Executive VP & Head of North America
AGE
67
TENURE
3.3 yrs

John Foggin

TITLE
Head of Operations
AGE
55

Enrique de Jesus Chang

TITLE
Global Chief Investment Officer
AGE
57
TENURE
2.9 yrs

Brennan Hughes

TITLE
Chief Accounting Officer & Treasurer
AGE
43

Paul Algreen

TITLE
Chief Information Officer
TENURE
3.3 yrs

John Groneman

TITLE
Global Head of Investor Relations

Michelle Rosenberg

TITLE
General Counsel & Company Secretary
TENURE
1.8 yrs

Angela Warburton

TITLE
Global Head of Communications
Board of Directors Tenure

Average tenure and age of the Janus Henderson Group board of directors in years:

2.9
Average Tenure
62
Average Age
  • The average tenure for the Janus Henderson Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Richard Gillingwater

TITLE
Non-Executive Chairman
COMPENSATION
$400K
AGE
62
TENURE
2.9 yrs

Dick Weil

TITLE
CEO & Executive Director
COMPENSATION
$10M
AGE
55
TENURE
2.9 yrs

Glenn Schafer

TITLE
Independent Non-Executive Vice Chairman
COMPENSATION
$410K
AGE
69
TENURE
2.9 yrs

Jeff Diermeier

TITLE
Independent Non-Executive Director
COMPENSATION
$299K
AGE
66
TENURE
2.9 yrs

Gene Flood

TITLE
Independent Non-Executive Director
COMPENSATION
$294K
AGE
64
TENURE
2.9 yrs

Larry Kochard

TITLE
Independent Non-Executive Director
COMPENSATION
$323K
AGE
62
TENURE
2.9 yrs

Kevin Dolan

TITLE
Independent Non-Executive Director
COMPENSATION
$258K
AGE
66
TENURE
2.9 yrs

Angela Seymour-Jackson

TITLE
Independent Non-Executive Director
COMPENSATION
$326K
AGE
53
TENURE
2.9 yrs

Kalpana Desai

TITLE
Independent Non-Executive Director
COMPENSATION
$128K
AGE
52
TENURE
2.9 yrs

Tatsusaburo Yamamoto

TITLE
Independent Non-Executive Director
AGE
55
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Janus Henderson Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Buy Jeffrey Diermeier Individual 20. Mar 20 20. Mar 20 5,000 €7.60 €38,018
11. Mar 20 Buy Jeffrey Diermeier Individual 05. Mar 20 05. Mar 20 5,000 €12.02 €60,078
05. Jun 19 Sell Eugene Flood Individual 31. May 19 31. May 19 -5,500 €12.74 €-70,081
X
Management checks
We assess Janus Henderson Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Janus Henderson Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HDJA News

Simply Wall St News

HDJA Company Info

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.

Details
Name: Janus Henderson Group plc
HDJA
Exchange: DB
Founded: 1934
$2,527,248,068
183,029,326
Website: http://www.janushenderson.com
Address: Janus Henderson Group plc
201 Bishopsgate,
London,
Greater London, EC2M 3AE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE JHG Ordinary Shares New York Stock Exchange US USD 30. May 2017
DB HDJA Ordinary Shares Deutsche Boerse AG DE EUR 30. May 2017
LSE 0RPW Ordinary Shares London Stock Exchange GB USD 30. May 2017
ASX JHG CDI REP ORD SHARES Australian Securities Exchange AU AUD 13. Jun 2017
OTCPK JUHD.Y CDI REP ORD SHARES Pink Sheets LLC US USD 13. Jun 2017
DB HDJ CDI REP ORD SHARES Deutsche Boerse AG DE EUR 13. Jun 2017
CHIA JHG CDI REP ORD SHARES Chi-X Australia AU AUD 13. Jun 2017
Number of employees
Current staff
Staff numbers
2,335
Janus Henderson Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 22:59
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.