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DCF Valuation
Base-case fair value
$88.49
Intrinsic $117.98 · 25% MOS
Current price: $51.82
Base-case summary
Our base-case DCF for Janus Henderson Group PLC (JHG) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to 1.2% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $942M in trailing free cash flow, this produces an intrinsic value of $117.98 per share. A 25% safety margin gives a fair value of $88.49, suggesting the stock is currently 71% undervalued against the $51.82 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$942M
Cash & equivalents
$1.9B
Total debt
$396M
Shares outstanding
151M