Visão geral da empresa
Cohen & Steers, Inc. operates as a publicly owned asset management holding company that delivers specialized investment services to institutional clients, including pension funds, endowments, and foundations. The firm manages a diverse portfolio of client-focused equity, fixed income, multi-asset, and commodity positions through its various subsidiaries. Operating within the Financial Services sector and the Asset Management industry, the company functions as a critical intermediary in the allocation of capital for large-scale investors. In terms of scale, the entity commands a market capitalization of $3.28B and generates annual revenue (TTM) of $556.12M, supported by a workforce of 424 employees. These valuation and revenue figures indicate that Cohen & Steers holds a significant position in the asset management landscape, serving a substantial volume of institutional capital while maintaining a substantial operational footprint.
Saúde financeira
The company reported revenue of $556.12M, net income of $153.22M, and EBITDA of $188.05M for the trailing twelve months, highlighting a robust operational earnings power relative to total sales. The gap between revenue and net income reveals a cost structure where operating expenses and taxes account for approximately 28.4% of total revenue, leaving a profit margin of 27.6%. Free cash flow stands at $119.04M, which signifies strong financial flexibility allowing the firm to fund operations, service debt, or potentially pursue strategic initiatives without external financing. The gross margin of 46.5% indicates high scalability in service delivery, while the operating margin of 28.0% and profit margin of 27.6% demonstrate effective cost control and pricing power in a competitive industry. On the balance sheet, the company holds $310.90M in cash against $138.33M in debt, supported by a debt-to-equity ratio of 21.82, suggesting a capital structure that is leveraged yet supported by ample liquidity. This liquidity position is further reinforced by a current ratio of 3.62, which indicates a highly conservative stance on short-term obligations with assets significantly exceeding liabilities due within one year. Finally, the return on equity of 26.0% and return on assets of 13.2% reveal that management is generating substantial returns on shareholder capital and total assets, reflecting high effectiveness in deploying the firm's resources.
Avaliação de valorização
The trailing P/E ratio is 21.16, while the forward P/E is 16.96, implying that the market expects earnings growth in the future to justify a lower multiple compared to historical performance. The price-to-book ratio of 5.80 indicates that the market values the company at a significant premium over its net asset value, reflecting intangible assets such as the firm's brand and client relationships. Alternative valuation metrics, specifically a price-to-sales ratio of 5.91 and an EV/EBITDA of 16.93, suggest that the stock is priced relative to both revenue generation and cash earnings before interest, taxes, depreciation, and amortization. Regarding price momentum, the 52-week high is $83.99 and the 52-week low is $58.39, providing a clear range within which the stock has traded over the past year. The beta of 1.25 indicates that the stock's price volatility is 25% higher than the broader market, suggesting it will experience amplified movements relative to market indices during periods of volatility.
Growth & Income
Revenue growth stands at 2.9% year-over-year, while earnings growth is -24.5% year-over-year, indicating that earnings are currently contracting at a much faster rate than revenue. This divergence implies that the company is facing headwinds in its cost structure or one-time charges that are impacting profitability disproportionately to its top line. As a dividend payer, the company offers a dividend yield of 4.2% with a payout ratio of 83.5%, which suggests that a large portion of earnings is distributed to shareholders rather than retained for reinvestment. The high payout ratio of 83.5% requires careful monitoring, as distributing such a large percentage of earnings could become unsustainable if earnings continue to decline or if the company faces economic downturns affecting fee-based income. Overall, the company presents a profile of modest revenue expansion coupled with significant earnings contraction, supported by a high-yield dividend but with notable leverage and volatility characteristics.