COWEN INC - A (COWN) Fundamental Analysis & Valuation

NASDAQ:COWN • US2236226062

Current stock price

38.99 USD
0 (0%)
At close:
39 USD
+0.01 (+0.03%)
After Hours:

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

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

  • COWN has a Return On Assets (1.37%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 10.37%, COWN is in the better half of the industry, outperforming 68.60% of the companies in the same industry.
  • 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.
  • In the last couple of years the Profit Margin of COWN has grown nicely.
  • 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.
  • Looking at the Gross Margin, with a value of 75.78%, COWN is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
  • In the last couple of years the Gross Margin of COWN has remained more or less at the same level.
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

  • COWN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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

  • Based on the Altman-Z score of -0.09, we must say that COWN is in the distress zone and has some risk of bankruptcy.
  • COWN has a Altman-Z score of -0.09. This is in the lower half of the industry: COWN underperforms 70.05% of its industry peers.
  • A Debt/Equity ratio of 0.16 indicates that COWN is not too dependend on debt financing.
  • The Debt to Equity ratio of COWN (0.16) is better 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

  • A Current Ratio of 0.48 indicates that COWN may have some problems paying its short term obligations.
  • The Current ratio of COWN (0.48) is worse than 71.01% of its industry peers.
  • A Quick Ratio of 0.48 indicates that COWN may have some problems paying 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%.
  • COWN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.88% yearly.
  • COWN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.97%.
  • COWN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.98% yearly.
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

  • COWN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -9.03% yearly.
  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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5

4. COWN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 7.80, the valuation of COWN can be described as very cheap.
  • COWN's Price/Earnings ratio is rather cheap when compared to the industry. COWN is cheaper than 82.13% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of COWN to the average of the S&P500 Index (24.88), we can say COWN is valued rather cheaply.
  • A Price/Forward Earnings ratio of 8.30 indicates a reasonable valuation of COWN.
  • COWN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. COWN is cheaper than 71.01% of the companies in the same industry.
  • COWN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
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

4.2 Price Multiples

  • COWN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. COWN is cheaper than 89.37% of the companies 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

  • COWN's earnings are expected to decrease with -9.03% in the coming years. This may justify a cheaper valuation.
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%.
  • COWN's Dividend Yield is slightly below the industry average, which is at 6.76.
  • COWN's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.23%

5.2 History

  • COWN has paid a dividend for less than 5 years, so there is no long track record yet.
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

  • 17.57% of the earnings are spent on dividend by COWN. This is a low number and 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

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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 Fundamental Analysis 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.