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COWEN INC - A (COWN) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:COWN - US2236226062 - Common Stock

38.99 USD
0 (0%)
Last: 2/28/2023, 8:26:38 PM
39 USD
+0.01 (+0.03%)
After Hours: 2/28/2023, 8:26:38 PM
Fundamental Rating

2

Overall COWN gets a fundamental rating of 2 out of 10. We evaluated COWN against 238 industry peers in the Capital Markets industry. COWN may be in some trouble as it scores bad on both profitability and health. COWN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • COWN had positive earnings in the past year.
  • COWN had a negative operating cash flow in the past year.
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 of 1.37%. This is comparable to the rest of the industry: COWN outperforms 46.86% of its industry peers.
  • With a decent Return On Equity value of 10.37%, COWN is doing good in the industry, outperforming 68.60% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 1.86%, COWN is doing worse than 68.12% of the companies in the same industry.
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

  • Looking at the Profit Margin, with a value of 7.52%, COWN is doing worse than 61.84% of the companies in the same industry.
  • In the last couple of years the Profit Margin of COWN has grown nicely.
  • The Operating Margin of COWN (7.50%) is worse than 80.19% of its industry peers.
  • With a decent Gross Margin value of 75.78%, COWN is doing good in the industry, outperforming 73.91% of the companies in the same industry.
  • 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

More info and screens

1

2. Health

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

  • 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.
  • Looking at the Altman-Z score, with a value of -0.09, COWN is doing worse than 70.05% of the companies in the same industry.
  • COWN has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • COWN's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. COWN outperforms 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.
  • The Current ratio of COWN (0.48) is worse than 71.01% of its industry peers.
  • 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.
  • Looking at the Quick ratio, with a value of 0.48, COWN is doing worse than 71.01% of the companies in the same industry.
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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3

3. Growth

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
  • 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.
  • The Revenue is expected to decrease by -12.08% on average over the next years. This is quite bad
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.
  • 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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5

4. Valuation

4.1 Price/Earnings Ratio

  • COWN is valuated cheaply with a Price/Earnings ratio of 7.80.
  • 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.
  • Compared to an average S&P500 Price/Earnings ratio of 27.32, COWN is valued rather cheaply.
  • COWN is valuated reasonably with a Price/Forward Earnings ratio of 8.30.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of COWN indicates a somewhat cheap valuation: COWN is cheaper than 71.01% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of COWN to the average of the S&P500 Index (24.30), we can say COWN is valued rather cheaply.
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%

More info and screens

2

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.23%, COWN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.12, COWN is paying slightly less dividend.
  • COWN's Dividend Yield is slightly below the S&P500 average, which is at 1.86.
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

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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.