COWEN INC - A (COWN) Fundamental Analysis & Valuation

NASDAQ:COWN • US2236226062

38.99 USD
0 (0%)
At close: Feb 28, 2023
39 USD
+0.01 (+0.03%)
After Hours: 2/28/2023, 8:26:38 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This COWN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to COWN. COWN was compared to 242 industry peers in the Capital Markets industry. COWN has a bad profitability rating. Also its financial health evaluation is rather negative. COWN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

2

1. COWN Profitability Analysis

1.1 Basic Checks

  • COWN had positive earnings in the past year.
  • In the past year COWN has reported a negative cash flow from operations.
COWN Yearly Net Income VS EBIT VS OCF VS FCFCOWN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 0 200M -200M 400M

1.2 Ratios

  • The Return On Assets of COWN (1.37%) is comparable to the rest of the industry.
  • COWN has a Return On Equity of 10.37%. This is in the better half of the industry: COWN outperforms 68.60% of its industry peers.
  • COWN has a worse Return On Invested Capital (1.86%) than 68.12% of its industry peers.
Industry RankSector Rank
ROA 1.37%
ROE 10.37%
ROIC 1.86%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
COWN Yearly ROA, ROE, ROICCOWN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 0 10 20

1.3 Margins

  • With a Profit Margin value of 7.52%, COWN is not doing good in the industry: 61.84% of the companies in the same industry are doing better.
  • COWN's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 7.50%, COWN is doing worse than 80.19% of the companies in the same industry.
  • COWN has a better Gross Margin (75.78%) than 73.91% of its industry peers.
  • COWN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.5%
PM (TTM) 7.52%
GM 75.78%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y54.27%
PM growth 5YN/A
GM growth 3Y2.52%
GM growth 5Y-0.96%
COWN Yearly Profit, Operating, Gross MarginsCOWN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 0 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. COWN Health Analysis

2.1 Basic Checks

  • There is no outstanding debt for COWN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
COWN Yearly Shares OutstandingCOWN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 5M 10M 15M 20M 25M
COWN Yearly Total Debt VS Total AssetsCOWN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2B 4B 6B 8B

2.2 Solvency

  • COWN has an Altman-Z score of -0.09. This is a bad value and indicates that COWN is not financially healthy and even has some risk of bankruptcy.
  • COWN has a worse Altman-Z score (-0.09) than 70.05% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that COWN is not too dependend on debt financing.
  • COWN has a better Debt to Equity ratio (0.16) than 75.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Altman-Z -0.09
ROIC/WACCN/A
WACCN/A
COWN Yearly LT Debt VS Equity VS FCFCOWN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 0 500M 1B

2.3 Liquidity

  • COWN has a Current Ratio of 0.48. This is a bad value and indicates that COWN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.48, COWN is not doing good in the industry: 71.01% of the companies in the same industry are doing better.
  • COWN has a Quick Ratio of 0.48. This is a bad value and indicates that COWN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.48, COWN is not doing good in the industry: 71.01% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.48
Quick Ratio 0.48
COWN Yearly Current Assets VS Current LiabilitesCOWN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. COWN Growth Analysis

3.1 Past

  • COWN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -57.41%.
  • The Earnings Per Share has been growing by 59.88% on average over the past years. This is a very strong growth
  • Looking at the last year, COWN shows a very negative growth in Revenue. The Revenue has decreased by -23.97% in the last year.
  • The Revenue has been growing by 34.98% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-57.41%
EPS 3Y59.88%
EPS 5YN/A
EPS Q2Q%-42.42%
Revenue 1Y (TTM)-23.97%
Revenue growth 3Y29.77%
Revenue growth 5Y34.98%
Sales Q2Q%-0.35%

3.2 Future

  • Based on estimates for the next years, COWN will show a decrease in Earnings Per Share. The EPS will decrease by -9.03% on average per year.
  • COWN is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -12.08% yearly.
EPS Next Y-71.67%
EPS Next 2Y-31.22%
EPS Next 3Y-9.03%
EPS Next 5YN/A
Revenue Next Year-30.83%
Revenue Next 2Y-12.08%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
COWN Yearly Revenue VS EstimatesCOWN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B
COWN Yearly EPS VS EstimatesCOWN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. COWN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 7.80 indicates a rather cheap valuation of COWN.
  • Based on the Price/Earnings ratio, COWN is valued cheaper than 82.13% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.15. COWN is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 8.30, the valuation of COWN can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, COWN is valued a bit cheaper than the industry average as 71.01% of the companies are valued more expensively.
  • COWN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.27.
Industry RankSector Rank
PE 7.8
Fwd PE 8.3
COWN Price Earnings VS Forward Price EarningsCOWN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COWN indicates a rather cheap valuation: COWN is cheaper than 89.37% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.44
COWN Per share dataCOWN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • A cheap valuation may be justified as COWN's earnings are expected to decrease with -9.03% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-31.22%
EPS Next 3Y-9.03%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. COWN Dividend Analysis

5.1 Amount

  • COWN has a Yearly Dividend Yield of 1.23%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.63, COWN is paying slightly less dividend.
  • COWN's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.23%

5.2 History

  • COWN has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
COWN Yearly Dividends per shareCOWN Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 0.1 0.2 0.3 0.4

5.3 Sustainability

  • COWN pays out 17.57% of its income as dividend. This is a sustainable payout ratio.
DP17.57%
EPS Next 2Y-31.22%
EPS Next 3Y-9.03%
COWN Yearly Income VS Free CF VS DividendCOWN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 0 200M -200M 400M
COWN Dividend Payout.COWN Dividend Payout, showing the Payout Ratio.COWN Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

COWN Fundamentals: All Metrics, Ratios and Statistics

COWEN INC - A

NASDAQ:COWN (2/28/2023, 8:26:38 PM)

After market: 39 +0.01 (+0.03%)

38.99

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-17
Earnings (Next)04-27
Inst Owners0%
Inst Owner Change0%
Ins Owners16.24%
Ins Owner Change0%
Market Cap1.09B
Revenue(TTM)1.62B
Net Income(TTM)121.72M
Analysts47.5
Price Target46.92 (20.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.23%
Yearly Dividend0.38
Dividend Growth(5Y)N/A
DP17.57%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-28.69%
Min EPS beat(2)-64.97%
Max EPS beat(2)7.58%
EPS beat(4)3
Avg EPS beat(4)12.42%
Min EPS beat(4)-64.97%
Max EPS beat(4)68.24%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)24.9%
Min Revenue beat(2)13.57%
Max Revenue beat(2)36.24%
Revenue beat(4)4
Avg Revenue beat(4)23.34%
Min Revenue beat(4)13.57%
Max Revenue beat(4)36.24%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.59%
EPS NY rev (1m)-1.9%
EPS NY rev (3m)-17.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.8%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)0.31%
Valuation
Industry RankSector Rank
PE 7.8
Fwd PE 8.3
P/S 0.68
P/FCF N/A
P/OCF N/A
P/B 0.93
P/tB 1.21
EV/EBITDA 5.44
EPS(TTM)5
EY12.82%
EPS(NY)4.7
Fwd EY12.05%
FCF(TTM)-3.79
FCFYN/A
OCF(TTM)-3.25
OCFYN/A
SpS57.76
BVpS41.91
TBVpS32.33
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 1.37%
ROE 10.37%
ROCE N/A
ROIC 1.86%
ROICexc 2.31%
ROICexgc 3.19%
OM 7.5%
PM (TTM) 7.52%
GM 75.78%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y54.27%
PM growth 5YN/A
GM growth 3Y2.52%
GM growth 5Y-0.96%
F-Score4
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF N/A
Debt/EBITDA 22.65
Cap/Depr 56.77%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.48
Quick Ratio 0.48
Altman-Z -0.09
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)60.67%
Cap/Depr(5y)59.43%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-57.41%
EPS 3Y59.88%
EPS 5YN/A
EPS Q2Q%-42.42%
EPS Next Y-71.67%
EPS Next 2Y-31.22%
EPS Next 3Y-9.03%
EPS Next 5YN/A
Revenue 1Y (TTM)-23.97%
Revenue growth 3Y29.77%
Revenue growth 5Y34.98%
Sales Q2Q%-0.35%
Revenue Next Year-30.83%
Revenue Next 2Y-12.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-64.24%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-68.52%
EBIT Next 3Y-9.26%
EBIT Next 5YN/A
FCF growth 1Y-141.18%
FCF growth 3Y-2.25%
FCF growth 5YN/A
OCF growth 1Y-132.97%
OCF growth 3Y-1.84%
OCF growth 5YN/A

COWEN INC - A / COWN FAQ

What is the fundamental rating for COWN stock?

ChartMill assigns a fundamental rating of 3 / 10 to COWN.


What is the valuation status of COWEN INC - A (COWN) stock?

ChartMill assigns a valuation rating of 7 / 10 to COWEN INC - A (COWN). This can be considered as Undervalued.


How profitable is COWEN INC - A (COWN) stock?

COWEN INC - A (COWN) has a profitability rating of 2 / 10.


What is the valuation of COWEN INC - A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for COWEN INC - A (COWN) is 7.8 and the Price/Book (PB) ratio is 0.93.


What is the expected EPS growth for COWEN INC - A (COWN) stock?

The Earnings per Share (EPS) of COWEN INC - A (COWN) is expected to decline by -71.67% in the next year.