COWEN INC - A (COWN) Stock Fundamental Analysis
NASDAQ:COWN - Nasdaq - US2236226062 - Common Stock - Currency: USD
COWN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. COWN may be in some trouble as it scores bad on both profitability and health. COWN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year COWN was profitable.
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
With a Return On Assets value of 1.37%, COWN perfoms like the industry average, 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.
COWN has a Return On Invested Capital of 1.86%. This is in the lower half of the industry: COWN underperforms 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's Profit Margin of 7.52% is on the low side compared to the rest of the industry. COWN is outperformed by 61.84% of its industry peers.
COWN's Profit Margin has improved in the last couple of years.
COWN has a worse Operating Margin (7.50%) than 80.19% of its industry peers.
The Gross Margin of COWN (75.78%) is better than 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
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.
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.
The Altman-Z score of COWN (-0.09) is worse than 70.05% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that COWN is not too dependend on debt financing.
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
A Current Ratio of 0.48 indicates that COWN may have some problems paying its short term obligations.
COWN's Current ratio of 0.48 is on the low side compared to the rest of the industry. COWN is outperformed by 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The earnings per share for COWN have decreased strongly by -57.41% in the last year.
Measured over the past years, COWN shows a very strong growth in Earnings Per Share. The EPS has been growing by 59.88% on average per year.
COWN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.97%.
Measured over the past years, COWN shows a very strong growth in Revenue. The Revenue has been growing by 34.98% on average per year.
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.
Based on estimates for the next years, COWN will show a very negative growth in Revenue. The Revenue will decrease by -12.08% on average per year.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
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 (26.99), we can say COWN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 8.30, the valuation of COWN can be described as reasonable.
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.
When comparing the Price/Forward Earnings ratio of COWN to the average of the S&P500 Index (36.36), we can say COWN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 8.3 |
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 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
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 8.27, COWN is paying slightly less dividend.
With a Dividend Yield of 1.23, COWN pays less dividend than the S&P500 average, which is at 2.40.
| 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