COWEN INC - A (COWN) Stock Fundamental Analysis
NASDAQ:COWN - Nasdaq - US2236226062 - Common Stock - Currency: USD
Overall COWN gets a fundamental rating of 3 out of 10. We evaluated COWN against 229 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.
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 had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: COWN reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.37%, COWN is in line with its industry, outperforming 46.86% of the companies in the same 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.
The Return On Invested Capital of COWN (1.86%) is worse than 68.12% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
COWN has a worse Profit Margin (7.52%) than 61.84% of its industry peers.
COWN's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 7.50%, COWN is not doing good in the industry: 80.19% of the companies in the same industry are doing better.
COWN's Gross Margin of 75.78% is fine compared to the rest of the industry. COWN outperforms 73.91% of its industry peers.
COWN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
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 Altman-Z score of -0.09. This is in the lower half of the industry: COWN underperforms 70.05% of its industry peers.
COWN has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.16, COWN is doing good in the industry, outperforming 75.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.09 |
ROIC/WACCN/A
WACCN/A
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.
Looking at the Current ratio, with a value of 0.48, COWN is doing worse than 71.01% of the companies in the same industry.
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.
The Quick ratio of COWN (0.48) is worse than 71.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
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
The Revenue for COWN has decreased by -23.97% in the past year. This is quite bad
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
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.
4. Valuation
4.1 Price/Earnings Ratio
COWN is valuated cheaply with a Price/Earnings ratio of 7.80.
Based on the Price/Earnings ratio, COWN is valued cheaper than 82.13% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.25, COWN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.30, the valuation of COWN can be described as reasonable.
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.
COWN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 8.3 |
4.2 Price Multiples
89.37% of the companies in the same industry are more expensive than COWN, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.44 |
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%
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 8.27, COWN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, COWN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector 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
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%
38.99
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners0%
Inst Owner Change0%
Ins Owners16.24%
Ins Owner Change0%
Market Cap1.09B
Analysts47.5
Price Target46.92 (20.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector 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
Profitability
| Industry Rank | Sector 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
ROICexcg growth 3YN/A
ROICexcg 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 Rank | Sector 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