COWEN INC - A (COWN) Stock Fundamental Analysis
USA - NASDAQ:COWN - US2236226062 - Common Stock
38.99 USD
0 (0%)
39 USD
+0.01 (+0.03%)
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 has a bad profitability rating. Also its financial health evaluation is rather negative. COWN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
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 had positive earnings in 4 of the past 5 years.
In multiple years COWN reported negative operating cash flow during the last 5 years.
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.
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's Return On Invested Capital of 1.86% is on the low side compared to the rest of the industry. COWN is outperformed by 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
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.
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.
In the last couple of years the Gross Margin of COWN has remained more or less at the same level.
| 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
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's Altman-Z score of -0.09 is on the low side compared to the rest of the industry. COWN is outperformed by 70.05% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that COWN is not too dependend on debt financing.
COWN has a Debt to Equity ratio of 0.16. This is in the better half of the industry: COWN outperforms 75.36% of its industry peers.
| 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.
With a Current 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.
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 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%.
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%.
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.
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
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
With a 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.
Compared to an average S&P500 Price/Earnings ratio of 27.30, COWN is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.30, the valuation of COWN can be described as very 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.73, COWN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.8 | ||
| Fwd PE | 8.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COWN is valued cheaply inside the industry as 89.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.44 |
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%
5. Dividend
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 7.96.
Compared to an average S&P500 Dividend Yield of 2.38, COWN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector 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
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