Descripción de la empresa
Cohen & Steers Infrastructure Fund, Inc. operates as a closed-end equity fund established by Cohen & Steers, Inc., with its investment activities managed by Cohen & Steers Capital Management, Inc. The entity focuses on deploying capital into public equity markets within the United States, primarily targeting value-oriented stocks of infrastructure companies. This organization functions within the Financial Services sector, specifically categorized under the Asset Management industry, which distinguishes it from traditional operating companies by its role in capital allocation and portfolio management. The company maintains a substantial market capitalization of $2.93B, supported by annual revenue figures of $145.79M, while its employee count is listed as N/A in the available data. These valuation metrics suggest that the fund holds significant scale within the asset management landscape, reflecting investor confidence in its infrastructure-focused investment strategy and its ability to generate returns through equity ownership in the United States market.
Salud financiera
The financial performance of Cohen & Steers Infrastructure Fund, Inc. is characterized by a trailing twelve-month revenue of $145.79M and a net income of $383.38M, while EBITDA data is not available in the provided records. The notable disparity where net income significantly exceeds revenue, resulting in a profit margin of 263.0%, indicates a unique cost structure typical of certain asset management models where revenue may be recorded net of fees or structured differently than operating revenue in industrial sectors. The company generated free cash flow of $31.89M, which provides a measure of liquidity available for operations, debt repayment, or potential capital distributions, though the absolute dollar amount is modest relative to total assets. Margin analysis reveals a gross margin of 100.0%, reflecting the nature of the business where the primary costs are likely personnel-based and passed through, alongside an operating margin of 73.5% that demonstrates high efficiency in managing overhead expenses. Regarding solvency, the company holds $476,569 in cash against total debt of $1.21B, resulting in a debt-to-equity ratio of 42.27, which suggests a leveraged balance sheet where equity financing is a smaller proportion of total capitalization compared to debt. Liquidity analysis shows a current ratio of 0.02, indicating that the fund's liquid current assets are minimal relative to its short-term obligations, a common characteristic for closed-end funds where assets are long-term equity investments rather than trade receivables. Return on equity stands at 14.8%, signaling effective generation of profits from shareholders' equity, whereas the return on assets is 1.9%, highlighting the capital-intensive nature of the asset base relative to the income generated by the total asset pool.
Evaluación de valoración
The valuation metrics for Cohen & Steers Infrastructure Fund, Inc. show a trailing P/E ratio of 6.61, while the forward P/E is not available, implying that analyst expectations for future earnings growth are not currently quantified or disclosed in the standard forward metrics. The price-to-book ratio is 1.02, which indicates that the market values the company's equity at nearly identical levels to its book value, suggesting a neutral valuation stance without a significant market premium or discount relative to the tangible net assets. Alternative valuation measures include a price-to-sales ratio of 20.07 and an EV/EBITDA of N/A, where the high price-to-sales multiple reflects the intangible value of the fund's brand, management expertise, and fee-generating capabilities that are not captured in asset valuations. Price action over the last year has fluctuated between a 52-week high of $27.33 and a 52-week low of $22.05, placing the current trading range within a band of approximately 19.5% volatility relative to the annual highs. The stock exhibits a beta of 0.83, which indicates that the fund's price volatility is lower than the broader market, suggesting it moves 17% less aggressively than the market index during periods of systemic risk or opportunity. These valuation parameters collectively paint a picture of a mature asset manager trading at reasonable multiples relative to book value but commanding a premium on sales due to its specialized infrastructure focus.
Growth & Income
Growth metrics for the fund show revenue growth year-over-year as N/A and earnings growth year-over-year as N/A, indicating that historical growth rates are not currently disclosed or available in the provided dataset. In the absence of explicit growth percentages, the relationship between revenue and earnings cannot be directly compared to determine if earnings are expanding faster than top-line sales, but the high profit margin suggests a strong bottom-line efficiency regardless of top-line velocity. As a dividend-paying entity, the fund offers a dividend yield of 7.6% with a payout ratio of 46.5%, indicating that the company distributes less than half of its earnings to shareholders, which implies a sustainable dividend policy with room for potential increases if earnings stabilize or grow. The combination of a high yield and a moderate payout ratio suggests that the fund is committed to income generation while retaining sufficient earnings to cover operational costs and maintain its capital structure. The overall growth and income profile is defined by a lack of disclosed growth rates paired with a robust, sustainable dividend yield that provides consistent income to investors without requiring capital appreciation.