Janus Henderson Group Ltc. (JHG) intrinsic value & 10-year financials
Janus Henderson Group Ltc. (JHG) has a Graham intrinsic value of $161.08 per share. Over the last 10 fiscal years revenue grew 13.2% a year to $3.1B, with an average return on invested capital of 11.2%.
- Graham intrinsic value
- $161.08
- Revenue (FY2025)
- $3.1B
- Revenue growth (10-yr CAGR)
- 13.2%
- ROIC (10-yr avg)
- 11.2%
- Free cash flow (FY2025)
- $710.9M
JHG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.1B | $815.9M | $5.23 | $710.9M | 31.5% | 18.3% |
| FY2024 | $2.5B | $408.9M | $2.56 | $684.5M | 26.1% | 12.1% |
| FY2023 | $2.1B | $392.0M | $2.37 | $430.8M | 23.0% | 10.5% |
| FY2022 | $2.2B | $372.4M | $2.23 | $455.7M | 22.2% | 10.3% |
| FY2021 | $2.8B | $618.5M | $3.59 | $885.0M | 29.8% | 15.5% |
| FY2020 | $2.3B | $182.6M | $0.87 | $627.9M | 6.9% | 2.8% |
| FY2019 | $2.2B | $445.7M | $2.21 | $425.4M | 24.7% | 9.4% |
| FY2018 | $2.3B | $499.6M | $2.61 | $641.7M | 28.2% | 11.3% |
| FY2017 | $1.8B | $658.4M | $3.93 | $426.4M | 24.3% | 10.0% |
| FY2016 | $1.0B | $177.3M | $1.66 | $220.9M | 22.8% | 11.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
JANUS HENDERSON GROUP PLC is a consistent compounder, expanding top-line revenue at 13.2% annually over the past decade.
JANUS HENDERSON GROUP PLC returns on capital have been average, hovering around 11.2% ROIC over the decade.
JANUS HENDERSON GROUP PLC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, JANUS HENDERSON GROUP PLC is modeled at 13.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $161.08 per share.