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Cowen Inc. (COWN)
Key financial summary
Financials in USD| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 659 | 967 | 1,049 | 1,623 | 2,113 | 1,538 | 1,538 |
| Operating profit | $m | 342 | 226 | |||||
| Net profit | $m | -61 | 43 | 56 | 216 | 296 | 76 | 66 |
| EPS reported | $ | 2.21 | 2.06 | |||||
| Operating cashflow per share | $ | 5.44 | 5.44 | |||||
| Capex per share | $ | 0.40 | 0.40 | |||||
| FCF per share | $ | 5.04 | 5.04 | |||||
| Free cash flow | $m | 159 | 159 | |||||
| Net debt | $m | 899 | 813 | |||||
| Book value equity | $m | 1,185 | 1,185 | |||||
| Book value per share | $ | 37.56 | 36.19 | |||||
| Number of shares | m | 31.54 | 32.74 | |||||
| DPS (TTM paid) | $ | 0.48 | 0.48 |
Financial summary
Financials in USD| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 17.48 | - | |||||
| P/B LTM | x | 1.03 | 0.93 | |||||
| P/S LTM | x | 0.79 | 0.71 | |||||
| P/FCF LTM | x | 7.66 | 6.91 | |||||
| EV/EBITDA LTM | x | 5.82 | 10.34 | |||||
| EV/Sales LTM | x | 1.38 | 1.24 | |||||
| Earnings Yield LTM | % | 5.72% | 6.22% | |||||
| FCF Yield | % | 13.06% | 14.47% | |||||
| Quality | ||||||||
| ROE | % | 6.45% | 6.59% | |||||
| ROIC | % | 6.41% | 6.41% | |||||
| Operating margin | % | 22.23% | 22.23% | |||||
| Gross margin | % | 22.07% | 22.07% | |||||
| FCF/Sales | % | 10.34% | 10.34% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -75.03% | -75.03% | |||||
| Sales Growth YoY | % | -27.22% | -27.22% | |||||
| Net Income Growth YoY | % | -74.14% | -74.14% | |||||
| FCF Growth | % | -46.05% | -46.05% | |||||
| Operating Profit Growth | % | -46.26% | -46.26% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 1.80% | 1.23% | |||||
| Dividend Growth | % | +26.32% | - | |||||
| Payout Ratio | % | 28.70% | 33.51% | |||||
| FCF/Debt | x | 0.08 | 0.08 | |||||
| Net Debt/EBITDA | x | 2.47 | 2.47 | |||||
| EBIT/Net interest | x | 0.00 | 0.00 | |||||
| Net debt/market cap | % | 73.77% | 73.94% | |||||
| Net debt/Equity | x | 0.76 | 0.69 | |||||
| Gross debt/equity | x | 1.72 | 1.72 | |||||
Company overview
Cowen Inc., along with its affiliated entities, delivers a comprehensive array of financial services to clients across the United States and globally. These offerings include investment banking, market analysis, trading and sales facilitation, prime brokerage, worldwide clearing, financing for securities, and investment fund oversight. The company operates through two distinct divisions: its active business operations, referred to as the "Operating Company (Op Co)," and its asset management and investment endeavors, known as the "Asset Company (Asset Co)." Cowen provides strategic financial guidance and assists both publicly traded and privately held companies in securing capital through public offerings and private placements. Furthermore, it executes transactions in a variety of financial instruments, such as ordinary shares, exchange-traded options, and hybrid equity products, primarily on behalf of its institutional investment clientele. The firm also furnishes a diverse range of investment products and liquidity-focused solutions to both institutional and individual investors, supported by its robust investment research capabilities. Beyond these core services, Cowen participates in direct private investments, private real estate ventures, and manages various other long-standing investment portfolios. Established in 1918, Cowen Inc. maintains its corporate headquarters in New York City.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Cowen Inc. (COWN)
Cowen Inc., along with its affiliated entities, delivers a comprehensive array of financial services to clients across the United States and globally. These offerings include investment banking, market analysis, trading and sales facilitation, prime brokerage, worldwide clearing, financing for securities, and investment fund oversight. The company operates through two distinct divisions: its active business operations, referred to as the "Operating Company (Op Co)," and its asset management and investment endeavors, known as the "Asset Company (Asset Co)." Cowen provides strategic financial guidance and assists both publicly traded and privately held companies in securing capital through public offerings and private placements. Furthermore, it executes transactions in a variety of financial instruments, such as ordinary shares, exchange-traded options, and hybrid equity products, primarily on behalf of its institutional investment clientele. The firm also furnishes a diverse range of investment products and liquidity-focused solutions to both institutional and individual investors, supported by its robust investment research capabilities. Beyond these core services, Cowen participates in direct private investments, private real estate ventures, and manages various other long-standing investment portfolios. Established in 1918, Cowen Inc. maintains its corporate headquarters in New York City.
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