JANUS HENDERSON GROUP PLC (JHG)

Investment Advice

Latest Price

$51.95

TTM P/E

10.29

Normalized P/E

16.56

Div Yield

3.06%

Book Value

34.49

P/B Ratio

1.51

Valuation metrics

EPS: $5.23

Book value / share: $33.16

Formula: √(22.5 × EPS × BVPS)

Graham Number

$62.46

+20% upside

Norm. op. income: $541M (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$34.42

34% downside

Base FCF: $685M (median of recent 5yr)

Growth: 14%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$160.49

+209% upside

EPS: $5.23

Target P/E: 17×

Formula: EPS × P/E

P/E Fair Value

$88.91

+71% upside