公司概述
Cohen & Steers Infrastructure Fund, Inc. operates as a closed-end equity fund launched by Cohen & Steers, Inc., managed specifically by Cohen & Steers Capital Management, Inc. The entity focuses its investment activities primarily within the public equity markets of the United States, targeting value stocks of infrastructure companies. It is categorized under the Financial Services sector within the Asset Management industry, a classification that defines its role in facilitating capital allocation for infrastructure projects. The company demonstrates a substantial market capitalization of $2.96B, supported by annual revenues of $145.79M, while the specific employee count is listed as N/A. These financial scales, particularly the market cap and revenue figures, indicate that the fund holds a significant position within the asset management landscape, managing a vast pool of capital dedicated to infrastructure value investing strategies.
财务健康
The fund reported a revenue of $145.79M over the trailing twelve months, alongside a net income of $383.38M, with EBITDA figures not available in the current dataset. The substantial gap between the reported revenue of $145.79M and the net income of $383.38M reveals a unique cost structure characteristic of asset management entities, where operating expenses are often structured such that net income can exceed revenue due to accounting treatments of certain income streams or amortization of intangibles. The company generated free cash flow of $31.89M, which provides a measure of its financial flexibility to meet obligations without relying solely on external financing. Margin analysis highlights a gross margin of 100.0%, an operating margin of 73.5%, and a profit margin of 263.0%, indicating that the fund retains the entirety of its sales as gross profit and maintains high operational efficiency relative to its revenue base. In terms of leverage, the fund holds $476,569 in cash against $1.21B in debt, resulting in a debt-to-equity ratio of 42.27, which suggests a leveraged balance sheet structure rather than a conservative cash-rich position. The current ratio stands at 0.02, indicating that current assets are significantly lower than current liabilities, a common scenario for funds that manage liquidity differently than traditional operating corporations. Furthermore, the return on equity is 14.8% while the return on assets is 1.9%, revealing that management effectiveness is optimized relative to shareholder equity but that the overall asset base generates lower absolute returns, likely influenced by the high debt levels on the balance sheet.
估值评估
The trailing twelve-month P/E ratio is 6.69, while the forward P/E ratio is N/A, implying that analysts do not currently project a specific earnings trajectory that would alter the valuation multiple for the near future. The price-to-book ratio is 1.04, which indicates that the market is pricing the fund at approximately its book value, suggesting no significant market premium or discount over the net asset value per share. Alternative valuation metrics include a price-to-sales ratio of 20.33 and an EV/EBITDA of N/A, suggesting that revenue-based valuation is a primary lens through which the market assesses the fund's worth given the lack of standard EBITDA data. The stock has experienced a trading range between a 52-week low of $22.05 and a 52-week high of $27.33, and without the current price explicitly stated in the facts, the relative position within this range cannot be calculated; however, the historical volatility is bounded by these specific price points. The beta value is 0.83, which means the fund's price volatility is lower than the broader market, indicating that the asset moves with less intensity than the general market index during periods of fluctuation.
Growth & Income
The available facts list revenue growth and earnings growth rates as N/A, preventing a direct comparison of whether earnings are growing faster or slower than revenue in the reported period. For dividend payers, the fund offers a dividend yield of 7.6% with a payout ratio of 46.5%, indicating that the distribution of dividends is sustainable given the company's earnings generation capabilities as the payout ratio is well below 100%. Since growth metrics are unavailable, the specific dynamic of reinvesting earnings versus paying dividends cannot be explicitly quantified beyond the existing dividend yield. The overall growth and income profile is characterized by a high dividend yield supported by a conservative payout ratio, despite the lack of reported year-over-year growth data in the current financial statements.