Panoramica dell'azienda
Cohen & Steers, Inc. operates as a publicly owned asset management holding company that delivers specialized investment services to institutional clients such as pension funds, endowments, and foundations. The firm functions within the Financial Services sector, specifically in the Asset Management industry, where it manages separate client-focused portfolios spanning equity, fixed income, multi-asset, and commodity products. The company's market capitalization stands at $3.29B, supported by an annual revenue of $556.12M and a workforce comprising 424 employees. These valuation and financial figures indicate that Cohen & Steers maintains a substantial market footprint within the asset management landscape, reflecting its capacity to generate significant income from managing substantial pools of capital for diverse institutional stakeholders.
Salute finanziaria
The company reported a Trailing Twelve Months revenue of $556.12M and net income of $153.22M, with an EBITDA of $188.05M. The gap between the revenue figure and the net income reveals a cost structure that retains approximately 27.6% of total revenue as profit, while operating expenses consume a portion of the remaining earnings before interest and taxes. Cohen & Steers generated $119.04M in free cash flow, which signifies strong financial flexibility allowing the entity to fund operations, service debt obligations, or return capital to shareholders without relying on external financing. The company demonstrates robust profitability with a gross margin of 46.5%, an operating margin of 28.0%, and a profit margin of 27.6%, indicating efficient control over cost of goods sold and operational overheads. On the balance sheet, cash holdings of $310.90M exceed total debt of $138.33M, supported by a debt-to-equity ratio of 21.82, suggesting a conservative capital structure with minimal leverage risk. The current ratio stands at 3.62, which indicates a highly liquid position where short-term assets significantly outweigh short-term liabilities, ensuring the ability to meet immediate financial obligations. Return on Equity is 26.0% and Return on Assets is 13.2%, metrics that reveal highly effective management in generating returns relative to the capital invested by shareholders and the total asset base utilized.
Valutazione del valore
Cohen & Steers is valued at a Trailing Twelve Months P/E ratio of 21.56 with a forward P/E of 17.00, implying that the market expects earnings growth sufficient to narrow the gap between current and forward valuation multiples. The price-to-book ratio is 5.82, indicating that the market prices the company's equity at a significant premium relative to its net book value, reflecting the high intangible value of its intellectual property and client relationships. Alternative valuation metrics show a price-to-sales ratio of 5.92 and an EV/EBITDA of 16.96, suggesting the stock is priced based on revenue generation and enterprise earnings power rather than just net income. The 52-week high is $83.99 and the 52-week low is $58.39, providing a range within which the stock has traded over the past year. Without the specific current share price to calculate the exact percentage deviation, the valuation metrics suggest the stock trades within a historical band defined by these extremes, with the forward P/E of 17.00 indicating potential compression or anticipation of earnings expansion compared to the trailing multiple. The beta value is 1.25, meaning the stock exhibits 25% higher volatility than the broader market index, reflecting its sensitivity to fluctuations in financial services and asset management sector conditions.
Growth & Income
The company experienced a revenue growth of 2.9% year-over-year while earnings growth declined by 24.5% year-over-year, indicating that earnings are currently contracting at a much faster rate than revenue, likely due to margin compression or one-time costs. As a dividend payer, Cohen & Steers offers a dividend yield of 4.2% with a payout ratio of 83.5%, which suggests that the distribution of cash to shareholders consumes a significant portion of net income and may face sustainability challenges if earnings do not recover. The high payout ratio in the context of negative earnings growth implies that the company is distributing cash from operations or reserves rather than strictly from current period earnings, which warrants close monitoring of future profitability trends. The overall growth and income profile presents a mixed picture where solid cash generation and a high dividend yield coexist with a contraction in reported earnings and modest revenue expansion.