NAS:COWN (USA) Also trade in: Germany

Cowen Inc

$ 16.06 0.26 (1.65%)
Volume: 344,598 Avg Vol (1m): 260,465
Market Cap $: 475.16 Mil Enterprise Value $: 724.87 Mil
P/E (TTM): 17.07 P/B: 0.62
Earnings Power Value -5.58
Net Current Asset Value -65.61
Tangible Book 19.89
Projected FCF 2.61
Median P/S Value 27.83
Graham Number 20.51
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 4.5/10

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.
Current vs industry vs history
Cash-to-Debt 0.49
Cash-To-Debt range over the past 10 years
Min: 0.3, Med: 9.58, Max: 544.1
Current: 0.49
0.3
544.1
Equity-to-Asset 0.20
Equity-to-Asset range over the past 10 years
Min: 0.15, Med: 0.38, Max: 0.75
Current: 0.2
0.15
0.75
Debt-to-Equity 0.60
Debt-to-Equity range over the past 10 years
Min: 0, Med: 0.16, Max: 1.25
Current: 0.6
0
1.25
Debt-to-EBITDA 6.40
Debt-to-EBITDA range over the past 10 years
Min: -38.41, Med: -0.02, Max: 10.54
Current: 6.4
-38.41
10.54
Piotroski F-Score 7
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 0.38
DISTRESS
GREY
SAFE
Beneish M-Score 10.73
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC -3.18%
WACC 3.7%

Profitability & Growth : 6/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % -4.83
Operating Margin range over the past 10 years
Min: -52.64, Med: -12.03, Max: -1.36
Current: -4.83
-52.64
-1.36
Net Margin % 4.63
Net Margin range over the past 10 years
Min: -45.91, Med: -7.33, Max: 39.09
Current: 4.63
-45.91
39.09
ROE % 3.65
ROE range over the past 10 years
Min: -22.56, Med: -4.05, Max: 28.21
Current: 3.65
-22.56
28.21
ROA % 1.01
ROA range over the past 10 years
Min: -7.76, Med: -1.26, Max: 7.87
Current: 1.01
-7.76
7.87
ROC (Joel Greenblatt) % 112.75
ROC (Joel Greenblatt) range over the past 10 years
Min: -265.42, Med: 3.87, Max: 379.78
Current: 112.75
-265.42
379.78
3-Year Total Revenue Growth Rate 20.30
3-Year Revenue Growth Rate range over the past 10 years
Min: -51.6, Med: -3.5, Max: 23.7
Current: 18
-51.6
23.7
3-Year Total EBITDA Growth Rate 34.60
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 0, Max: 70.2
Current: 32.1
0
70.2
3-Year EPS w/o NRI Growth Rate -5.10
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 0, Max: 46.2
Current: -5.1
0
46.2

» COWN's 30-Y Financials

Financials (Next Earnings Date: 2019-07-26)

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Business Description

Industry Brokers & Exchanges » Brokers & Exchanges    NAICS : 523110    SIC : 6211
Compare AMEX:LTS TSX:CF XAMS:BINCK XKRX:003475 HKSE:03329 ISX:PADI NYSE:DFIN BOM:532835 XKRX:001725 MEX:INVEX A HKSE:00931 HKSE:00299 ASX:MOE TPE:2855 HKSE:01004 NSE:CARERATING XPAR:VIL BOM:540750 XTER:FTK MEX:ACTINVRB
Traded in other countries CGI1.Germany
Address 599 Lexington Avenue, 20th Floor, New York, NY, USA, 10022
Cowen Inc is a United States-based company that provides financial services and operates through two segments. The investment management segment offers products and solutions including hedge fund strategies, alternative solutions, Ramius trading strategies, and real estate and healthcare royalty partners, in order to address clients' specific needs. The broker-dealer segment offers research, brokerage, and investment banking services to companies and institutional clients. Investment banking services include strategic advisory and capital raising services for companies in specific sectors. The company generates its revenue from the broker-dealer segment. It offers services to clients in different countries.

Ratios

Current vs industry vs history
PE Ratio (TTM) 17.07
PE Ratio range over the past 10 years
Min: 2.95, Med: 17.97, Max: 107
Current: 17.07
2.95
107
PE Ratio without NRI 17.07
PE without NRI range over the past 10 years
Min: 2.95, Med: 17.97, Max: 107
Current: 17.07
2.95
107
PB Ratio 0.62
PB Ratio range over the past 10 years
Min: 0.17, Med: 0.62, Max: 1.03
Current: 0.62
0.17
1.03
PS Ratio 0.64
PS Ratio range over the past 10 years
Min: 0.24, Med: 1.12, Max: 3.05
Current: 0.64
0.24
3.05
Price-to-Free-Cash-Flow 2.22
Price-to-Free-Cash-Flow range over the past 10 years
Min: 0.72, Med: 3.09, Max: 217.65
Current: 2.22
0.72
217.65
Price-to-Operating-Cash-Flow 2.13
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 0.69, Med: 3.02, Max: 56.27
Current: 2.13
0.69
56.27
EV-to-EBIT 11.68
EV-to-EBIT range over the past 10 years
Min: -118, Med: 0.85, Max: 136.9
Current: 11.68
-118
136.9
EV-to-EBITDA 9.55
EV-to-EBITDA range over the past 10 years
Min: -74.1, Med: 0.9, Max: 423.4
Current: 9.55
-74.1
423.4
EV-to-Revenue 0.93
EV-to-Revenue range over the past 10 years
Min: -6.2, Med: -0.3, Max: 4.7
Current: 0.93
-6.2
4.7
Current Ratio 1.26
Current Ratio range over the past 10 years
Min: 0.6, Med: 1.72, Max: 144.28
Current: 1.26
0.6
144.28
Quick Ratio 1.26
Quick Ratio range over the past 10 years
Min: 0.6, Med: 1.72, Max: 144.28
Current: 1.26
0.6
144.28
Days Sales Outstanding 392.54
Days Sales Outstanding range over the past 10 years
Min: 130.85, Med: 157.35, Max: 432.08
Current: 392.54
130.85
432.08
Days Payable 280.03
Days Payable range over the past 10 years
Min: 188.13, Med: 202.81, Max: 280.03
Current: 280.03
188.13
280.03

Dividend & Buy Back

Current vs industry vs history
3-Year Share Buyback Rate -2.50
3-Year Share Buyback Rate range over the past 10 years
Min: -100.1, Med: -2.5, Max: 2.4
Current: -2.5
-100.1
2.4

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 0.81
Price-to-Tangible-Book range over the past 10 years
Min: 0.29, Med: 0.73, Max: 1.9
Current: 0.81
0.29
1.9
Price-to-Projected-FCF 6.15
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.22, Med: 0.62, Max: 8.93
Current: 6.15
0.22
8.93
Price-to-Median-PS-Value 0.58
Price-to-Median-PS-Value range over the past 10 years
Min: 0.33, Med: 0.9, Max: 2.65
Current: 0.58
0.33
2.65
Price-to-Graham-Number 0.78
Price-to-Graham-Number range over the past 10 years
Min: 0.33, Med: 0.81, Max: 2.12
Current: 0.78
0.33
2.12
Earnings Yield (Joel Greenblatt) % 8.57
Earnings Yield (Greenblatt) range over the past 10 years
Min: -3573.3, Med: 1.4, Max: 21631.3
Current: 8.57
-3573.3
21631.3

More Statistics

Revenue (TTM) (Mil) $ 771.67
EPS (TTM) $ 0.94
Beta 1.29
Volatility % 41.71
52-Week Range $ 11.8 - 17.99
Shares Outstanding (Mil) 29.59

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 7
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy Y
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N