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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 9.56
COWN's Cash to Debt is ranked higher than
75% of the 397 Companies
in the Global Capital Markets industry.

( Industry Median: 4.99 vs. COWN: 9.56 )
COWN' s 10-Year Cash to Debt Range
Min: 0.65   Max: No Debt
Current: 9.56

Equity to Asset 0.28
COWN's Equity to Asset is ranked higher than
52% of the 439 Companies
in the Global Capital Markets industry.

( Industry Median: 0.26 vs. COWN: 0.28 )
COWN' s 10-Year Equity to Asset Range
Min: 0.28   Max: 0.69
Current: 0.28

0.28
0.69
F-Score: 4
Z-Score: 1.18
M-Score: -2.51
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) -14.59
COWN's Operating margin (%) is ranked lower than
54% of the 447 Companies
in the Global Capital Markets industry.

( Industry Median: 21.18 vs. COWN: -14.59 )
COWN' s 10-Year Operating margin (%) Range
Min: -73.62   Max: 20.13
Current: -14.59

-73.62
20.13
Net-margin (%) 39.09
COWN's Net-margin (%) is ranked higher than
57% of the 447 Companies
in the Global Capital Markets industry.

( Industry Median: 16.50 vs. COWN: 39.09 )
COWN' s 10-Year Net-margin (%) Range
Min: -110.98   Max: 39.09
Current: 39.09

-110.98
39.09
ROE (%) 29.95
COWN's ROE (%) is ranked higher than
62% of the 448 Companies
in the Global Capital Markets industry.

( Industry Median: 7.80 vs. COWN: 29.95 )
COWN' s 10-Year ROE (%) Range
Min: -52.55   Max: 28.21
Current: 29.95

-52.55
28.21
ROA (%) 5.97
COWN's ROA (%) is ranked higher than
62% of the 449 Companies
in the Global Capital Markets industry.

( Industry Median: 1.86 vs. COWN: 5.97 )
COWN' s 10-Year ROA (%) Range
Min: -24.72   Max: 7.87
Current: 5.97

-24.72
7.87
ROC (Joel Greenblatt) (%) -227.74
COWN's ROC (Joel Greenblatt) (%) is ranked lower than
57% of the 443 Companies
in the Global Capital Markets industry.

( Industry Median: 124.67 vs. COWN: -227.74 )
COWN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -417.56   Max: 2049.77
Current: -227.74

-417.56
2049.77
Revenue Growth (3Y)(%) 13.30
COWN's Revenue Growth (3Y)(%) is ranked higher than
60% of the 363 Companies
in the Global Capital Markets industry.

( Industry Median: 2.40 vs. COWN: 13.30 )
COWN' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 13.3
Current: 13.3

0
13.3
» COWN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

COWN Guru Trades in Q1 2014

Jean-Marie Eveillard 140,143 sh (+18.05%)
Steven Cohen 15,537 sh (+9.79%)
Richard Snow 91,971 sh (+4.52%)
John Rogers 9,123,145 sh (+3.3%)
Chuck Royce 3,425,035 sh (-2.55%)
Paul Tudor Jones 31,253 sh (-12.95%)
Jim Simons 467,862 sh (-13.71%)
Third Avenue Management 726,106 sh (-20.46%)
» More
Q2 2014

COWN Guru Trades in Q2 2014

John Burbank 21,687 sh (New)
Jim Simons 627,338 sh (+34.09%)
John Rogers 10,024,118 sh (+9.88%)
Chuck Royce 3,425,035 sh (unchged)
Third Avenue Management Sold Out
Jean-Marie Eveillard Sold Out
Richard Snow 91,516 sh (-0.49%)
Paul Tudor Jones 23,139 sh (-25.96%)
» More
Q3 2014

COWN Guru Trades in Q3 2014

Richard Snow 121,516 sh (+32.78%)
John Rogers 10,737,123 sh (+7.11%)
Jim Simons 645,774 sh (+2.94%)
John Burbank 21,687 sh (unchged)
Paul Tudor Jones Sold Out
Chuck Royce 3,385,035 sh (-1.17%)
» More
Q4 2014

COWN Guru Trades in Q4 2014

Richard Snow 193,316 sh (+59.09%)
John Burbank Sold Out
Chuck Royce 3,355,035 sh (-0.89%)
John Rogers 10,175,653 sh (-5.23%)
Jim Simons 280,312 sh (-56.59%)
» More
» Details

Insider Trades

Latest Guru Trades with COWN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Richard Snow 2014-12-31 Add 59.09%0.01%$3.68 - $4.73 $ 5.2226%193316
John Burbank 2014-12-31 Sold Out $3.68 - $4.73 $ 5.2225%0
Richard Snow 2014-09-30 Add 32.78%$3.81 - $4.41 $ 5.2227%121516
Third Avenue Management 2014-06-30 Sold Out 0.06%$3.82 - $4.56 $ 5.2227%0
John Burbank 2014-06-30 New Buy$3.82 - $4.56 $ 5.2227%21687
Jean-Marie Eveillard 2014-06-30 Sold Out $3.82 - $4.56 $ 5.2227%0
Third Avenue Management 2014-03-31 Reduce -20.46%0.01%$3.81 - $4.76 $ 5.2227%726106
John Rogers 2013-12-31 Add 27.13%0.09%$3.48 - $4.1 $ 5.2236%8831685
Third Avenue Management 2013-12-31 Reduce -31.97%0.03%$3.48 - $4.1 $ 5.2236%912834
Richard Snow 2013-12-31 Reduce -42.77%0.01%$3.48 - $4.1 $ 5.2236%87996
Jean-Marie Eveillard 2013-12-31 New Buy$3.48 - $4.1 $ 5.2236%118718
Ian Cumming 2013-09-30 Sold Out 33.4%$3 - $3.61 $ 5.2256%0
John Rogers 2013-09-30 Add 20.34%0.06%$3 - $3.61 $ 5.2256%6947085
Richard Snow 2013-09-30 Reduce -35.5%0.01%$3 - $3.61 $ 5.2256%153771
Ian Cumming 2013-06-30 Reduce -7.7%1.79%$2.49 - $3.28 $ 5.2285%2782604
John Rogers 2013-06-30 Add 72.29%0.11%$2.49 - $3.28 $ 5.2285%5773080
Ian Cumming 2013-03-31 Add 50.44%7.78%$2.42 - $2.9 $ 5.2296%3014807
John Rogers 2013-03-31 Add 95.18%0.08%$2.42 - $2.9 $ 5.2296%3350770
Richard Snow 2013-03-31 Add 36.78%0.01%$2.42 - $2.9 $ 5.2296%217276
John Rogers 2012-12-31 Add 29.73%0.02%$2.19 - $2.8 $ 5.22113%1716745
Richard Snow 2012-12-31 Add 83.85%0.01%$2.19 - $2.8 $ 5.22113%158856
Ian Cumming 2012-06-30 Add 101.66%0.22%$2.32 - $2.75 $ 5.22108%2003994
John Rogers 2012-06-30 Add 35.29%0.02%$2.32 - $2.75 $ 5.22108%1142815
Third Avenue Management 2012-03-31 Reduce -21.66%0.04%$2.59 - $2.9 $ 5.22104%2192974
John Rogers 2012-03-31 Add 27.19%0.01%$2.59 - $2.9 $ 5.22104%844685
Third Avenue Management 2011-12-31 Add 59.34%0.07%$2.41 - $2.96 $ 5.2297%2799270
John Rogers 2011-12-31 Add 96.03%0.02%$2.41 - $2.96 $ 5.2297%664105
George Soros 2011-12-31 Sold Out 0.002%$2.41 - $2.96 $ 5.2297%0
Richard Snow 2011-12-31 Add 25.95%$2.41 - $2.96 $ 5.2297%96596
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Ratios

vs
industry
vs
history
P/E(ttm) 3.80
COWN's P/E(ttm) is ranked higher than
71% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 26.80 vs. COWN: 3.80 )
COWN' s 10-Year P/E(ttm) Range
Min: 2.95   Max: 107
Current: 3.8

2.95
107
Forward P/E 18.90
COWN's Forward P/E is ranked higher than
81% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 37.17 vs. COWN: 18.90 )
N/A
PE(NRI) 3.80
COWN's PE(NRI) is ranked higher than
71% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 26.80 vs. COWN: 3.80 )
COWN' s 10-Year PE(NRI) Range
Min: 2.95   Max: 107
Current: 3.8

2.95
107
P/B 0.90
COWN's P/B is ranked higher than
74% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 2.00 vs. COWN: 0.90 )
COWN' s 10-Year P/B Range
Min: 0.17   Max: 1.45
Current: 0.9

0.17
1.45
P/S 1.50
COWN's P/S is ranked higher than
85% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 3.76 vs. COWN: 1.50 )
COWN' s 10-Year P/S Range
Min: 0.24   Max: 7.51
Current: 1.5

0.24
7.51
EV-to-EBIT 41.44
COWN's EV-to-EBIT is ranked higher than
59% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 23.34 vs. COWN: 41.44 )
COWN' s 10-Year EV-to-EBIT Range
Min: -18.7   Max: 726.1
Current: 41.44

-18.7
726.1
Current Ratio 3.50
COWN's Current Ratio is ranked higher than
92% of the 291 Companies
in the Global Capital Markets industry.

( Industry Median: 1.29 vs. COWN: 3.50 )
COWN' s 10-Year Current Ratio Range
Min: 1.06   Max: 121.15
Current: 3.5

1.06
121.15
Quick Ratio 3.50
COWN's Quick Ratio is ranked higher than
92% of the 291 Companies
in the Global Capital Markets industry.

( Industry Median: 1.29 vs. COWN: 3.50 )
COWN' s 10-Year Quick Ratio Range
Min: 1.06   Max: 121.15
Current: 3.5

1.06
121.15
Days Sales Outstanding 176.94
COWN's Days Sales Outstanding is ranked higher than
66% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 115.72 vs. COWN: 176.94 )
COWN' s 10-Year Days Sales Outstanding Range
Min: 59.35   Max: 224.79
Current: 176.94

59.35
224.79

Valuation & Return

vs
industry
vs
history
Price/Net Cash 12.70
COWN's Price/Net Cash is ranked higher than
90% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 0.00 vs. COWN: 12.70 )
COWN' s 10-Year Price/Net Cash Range
Min: 1.46   Max: 6.31
Current: 12.7

1.46
6.31
Price/Net Current Asset Value 2.90
COWN's Price/Net Current Asset Value is ranked higher than
93% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 0.00 vs. COWN: 2.90 )
COWN' s 10-Year Price/Net Current Asset Value Range
Min: 1.25   Max: 4.19
Current: 2.9

1.25
4.19
Price/Tangible Book 0.90
COWN's Price/Tangible Book is ranked higher than
75% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 2.47 vs. COWN: 0.90 )
COWN' s 10-Year Price/Tangible Book Range
Min: 0.29   Max: 1.9
Current: 0.9

0.29
1.9
Price/DCF (Projected) 0.70
COWN's Price/DCF (Projected) is ranked higher than
87% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 3.13 vs. COWN: 0.70 )
COWN' s 10-Year Price/DCF (Projected) Range
Min: 0.24   Max: 0.66
Current: 0.7

0.24
0.66
Price/Median PS Value 1.20
COWN's Price/Median PS Value is ranked higher than
64% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 1.27 vs. COWN: 1.20 )
COWN' s 10-Year Price/Median PS Value Range
Min: 0.36   Max: 1.79
Current: 1.2

0.36
1.79
Price/Graham Number 0.40
COWN's Price/Graham Number is ranked higher than
83% of the 490 Companies
in the Global Capital Markets industry.

( Industry Median: 2.36 vs. COWN: 0.40 )
COWN' s 10-Year Price/Graham Number Range
Min: 0.84   Max: 1.05
Current: 0.4

0.84
1.05
Earnings Yield (Greenblatt) 2.40
COWN's Earnings Yield (Greenblatt) is ranked higher than
55% of the 442 Companies
in the Global Capital Markets industry.

( Industry Median: 4.80 vs. COWN: 2.40 )
COWN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 16702.2
Current: 2.4

0.1
16702.2

Business Description

Industry: Brokers & Exchanges » Capital Markets
Compare:PJC, SIEB, GHL, GS, SF » details
Traded in other countries:CGI.Germany,
Cowen Group, Inc., was formed in Delaware on 2009. The Company provides alternative investment management, investment banking, research, sales and trading services through its two business segments: Ramius LLC and its affiliates comprise the Company's alternative investment segment, while Cowen and Company, LLC and its affiliates comprise the Company's broker-dealer segment. Ramius is an alternative investment platform offering products and solutions across the liquidity spectrum to institutional and private clients. Ramius offers investors access to strategies to meet their specific needs including small-cap activism, healthcare royalties, customized solutions, event driven equity, real estate, long/short credit and managed futures. The broker-dealer businesses include research, brokerage and investment banking services to companies and institutional investor clients in healthcare, technology, media and telecommunications, consumer, aerospace and defense, industrials, real estate investment trusts, clean technology, energy, metals and mining, transportation, chemicals and agriculture. The Company provides research and brokerage services to over 1,000 domestic and international clients seeking to trade securities. The Company's businesses as well as the financial services are subject to several regulations, including periodic examinations by governmental and self-regulatory organizations in the United States and the jurisdictions it operates.
» More Articles for COWN

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