Cowen Inc. Logo

Cowen Inc.

COWN

(2.2)
Stock Price

38,99 USD

0.89% ROA

6.59% ROE

16.09x PER

Market Cap.

1.099.182.296,00 USD

172.02% DER

0% Yield

4.97% NPM

Cowen Inc. Stock Analysis

Cowen Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Cowen Inc. Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.93x) suggests it's undervalued, making it an attractive opportunity for investors.

2 Assets Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

3 ROE

ROE in an average range (5.63%) suggests satisfactory profitability and decent utilization of shareholders' equity.

4 ROA

The stock's ROA (0.77%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

6 Dividend

The company's history of regular dividend distributions in the last three years showcases its ability to generate reliable income for shareholders.

7 Buffet Intrinsic Value

The company's stock seems undervalued (1.573) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

8 DER

The stock is burdened with a heavy load of debt (172%), making it financially unstable and potentially risky for investors.

9 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

10 Net Profit Growth

Despite the passage of five years, this company's net profit has not shown any improvement, highlighting a lack of growth and making it a less appealing investment prospect.

11 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

Cowen Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Cowen Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Hold

Cowen Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Cowen Inc. Revenue
Year Revenue Growth
2001 426.842.000
2002 311.206.000 -37.16%
2003 0 0%
2004 290.243.000 100%
2005 294.291.000 1.38%
2006 344.967.000 14.69%
2007 261.569.000 -31.88%
2008 217.324.000 -20.36%
2009 123.901.000 -75.4%
2010 233.810.000 47.01%
2011 235.278.000 0.62%
2012 240.480.000 2.16%
2013 327.246.000 26.51%
2014 427.776.000 23.5%
2015 464.567.000 7.92%
2016 471.565.000 1.48%
2017 658.781.000 28.42%
2018 966.916.000 31.87%
2019 1.049.443.000 7.86%
2020 1.623.304.000 35.35%
2021 2.112.799.000 23.17%
2022 1.655.708.000 -27.61%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Cowen Inc. Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 7.804.000 100%
2010 14.470.000 46.07%
2011 16.725.000 13.48%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Cowen Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 314.318.000
2002 194.095.000 -61.94%
2003 0 0%
2004 170.546.000 100%
2005 0 0%
2006 0 0%
2007 0 0%
2008 181.851.000 100%
2009 138.376.000 -31.42%
2010 278.603.000 50.33%
2011 314.468.000 11.4%
2012 55.491.000 -466.7%
2013 58.589.000 5.29%
2014 58.818.000 0.39%
2015 69.612.000 15.51%
2016 104.296.000 33.26%
2017 122.217.000 14.66%
2018 155.384.000 21.35%
2019 238.153.000 34.75%
2020 208.951.000 -13.98%
2021 248.353.000 15.87%
2022 -134.292.000 284.94%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Cowen Inc. EBITDA
Year EBITDA Growth
2001 -106.626.000
2002 -229.119.000 53.46%
2003 -74.374.000 -208.06%
2004 59.398.000 225.21%
2005 15.373.000 -286.38%
2006 44.828.000 65.71%
2007 -14.662.000 405.74%
2008 -61.191.000 76.04%
2009 -56.131.000 -9.01%
2010 -43.225.000 -29.86%
2011 -92.233.000 53.13%
2012 -14.000.000 -558.81%
2013 15.331.000 191.32%
2014 52.460.000 70.78%
2015 5.731.000 -815.37%
2016 -25.656.000 122.34%
2017 -3.751.000 -583.98%
2018 70.974.000 105.29%
2019 -155.047.000 145.78%
2020 44.869.000 445.55%
2021 392.438.000 88.57%
2022 91.428.000 -329.23%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Cowen Inc. Gross Profit
Year Gross Profit Growth
2001 426.842.000
2002 311.206.000 -37.16%
2003 0 0%
2004 290.243.000 100%
2005 294.291.000 1.38%
2006 344.967.000 14.69%
2007 261.569.000 -31.88%
2008 217.324.000 -20.36%
2009 15.474.000 -1304.45%
2010 20.772.000 25.51%
2011 5.838.000 -255.81%
2012 -5.663.000 203.09%
2013 47.761.000 111.86%
2014 24.134.000 -97.9%
2015 54.897.000 56.04%
2016 56.271.000 2.44%
2017 63.437.000 11.3%
2018 165.028.000 61.56%
2019 217.778.000 24.22%
2020 408.040.000 46.63%
2021 675.602.000 39.6%
2022 247.932.000 -172.49%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Cowen Inc. Net Profit
Year Net Profit Growth
2001 -107.492.000
2002 -229.146.000 53.09%
2003 -74.374.000 -208.1%
2004 55.112.000 234.95%
2005 12.081.000 -356.19%
2006 37.911.000 68.13%
2007 -11.321.000 434.87%
2008 -72.154.000 84.31%
2009 -55.287.000 -30.51%
2010 -45.417.000 -21.73%
2011 -108.010.000 57.95%
2012 -23.885.000 -352.21%
2013 4.647.000 613.99%
2014 167.216.000 97.22%
2015 43.729.000 -282.39%
2016 -19.277.000 326.85%
2017 -60.882.000 68.34%
2018 42.819.000 242.18%
2019 55.870.000 23.36%
2020 216.363.000 74.18%
2021 295.611.000 26.81%
2022 76.884.000 -284.49%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Cowen Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 -33
2002 -71 53.52%
2003 -20 -273.68%
2004 17 211.76%
2005 3 -466.67%
2006 12 72.73%
2007 -4 466.67%
2008 -26 88%
2009 -5 -400%
2010 -2 -150%
2011 -5 50%
2012 -1 0%
2013 0 0%
2014 6 100%
2015 2 -400%
2016 -1 0%
2017 -2 100%
2018 1 300%
2019 2 0%
2020 8 85.71%
2021 10 30%
2022 2 -400%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Cowen Inc. Free Cashflow
Year Free Cashflow Growth
2004 -56.250.000
2005 44.231.000 227.17%
2006 376.786.000 88.26%
2007 -30.371.000 1340.61%
2008 -10.113.000 -200.32%
2009 109.899.000 109.2%
2010 -57.406.000 291.44%
2011 226.345.000 125.36%
2012 -105.768.000 314%
2013 149.448.000 170.77%
2014 -68.935.000 316.8%
2015 -74.382.000 7.32%
2016 -370.387.000 79.92%
2017 -122.378.000 -202.66%
2018 315.950.000 138.73%
2019 -194.792.000 262.2%
2020 510.558.000 138.15%
2021 294.808.000 -73.18%
2022 95.115.000 -209.95%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Cowen Inc. Operating Cashflow
Year Operating Cashflow Growth
2004 -51.218.000
2005 44.936.000 213.98%
2006 388.561.000 88.44%
2007 -28.418.000 1467.31%
2008 -8.543.000 -232.65%
2009 110.298.000 107.75%
2010 -51.553.000 313.95%
2011 232.884.000 122.14%
2012 -103.866.000 324.22%
2013 150.589.000 168.97%
2014 -66.711.000 325.73%
2015 -67.352.000 0.95%
2016 -354.774.000 81.02%
2017 -116.392.000 -204.81%
2018 324.536.000 135.86%
2019 -179.910.000 280.39%
2020 521.279.000 134.51%
2021 306.627.000 -70%
2022 97.090.000 -215.82%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Cowen Inc. Capital Expenditure
Year Capital Expenditure Growth
2004 5.032.000
2005 705.000 -613.76%
2006 11.775.000 94.01%
2007 1.953.000 -502.92%
2008 1.570.000 -24.39%
2009 399.000 -293.48%
2010 5.853.000 93.18%
2011 6.539.000 10.49%
2012 1.902.000 -243.8%
2013 1.141.000 -66.7%
2014 2.224.000 48.7%
2015 7.030.000 68.36%
2016 15.613.000 54.97%
2017 5.986.000 -160.83%
2018 8.586.000 30.28%
2019 14.882.000 42.31%
2020 10.721.000 -38.81%
2021 11.819.000 9.29%
2022 1.975.000 -498.43%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Cowen Inc. Equity
Year Equity Growth
2001 787.931.000
2002 393.049.000 -100.47%
2003 262.943.000 -49.48%
2004 353.478.000 25.61%
2005 373.951.000 5.47%
2006 218.128.000 -71.44%
2007 208.655.000 -4.54%
2008 142.115.000 -46.82%
2009 704.350.000 79.82%
2010 593.602.000 -18.66%
2011 613.052.000 3.17%
2012 580.812.000 -5.55%
2013 593.580.000 2.15%
2014 763.751.000 22.28%
2015 976.904.000 21.82%
2016 1.151.855.000 15.19%
2017 748.019.000 -53.99%
2018 794.407.000 5.84%
2019 1.295.450.000 38.68%
2020 1.169.121.000 -10.81%
2021 1.296.354.000 9.81%
2022 1.347.845.000 3.82%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Cowen Inc. Assets
Year Assets Growth
2001 1.136.180.000
2002 750.054.000 -51.48%
2003 717.980.000 -4.47%
2004 820.350.000 12.48%
2005 785.339.000 -4.46%
2006 684.438.000 -14.74%
2007 349.038.000 -96.09%
2008 207.498.000 -68.21%
2009 959.441.000 78.37%
2010 1.247.170.000 23.07%
2011 1.535.838.000 18.8%
2012 1.638.476.000 6.26%
2013 1.842.000.000 11.05%
2014 2.405.676.000 23.43%
2015 1.792.454.000 -34.21%
2016 2.018.523.000 11.2%
2017 3.296.252.000 38.76%
2018 3.346.303.000 1.5%
2019 5.162.025.000 35.17%
2020 7.828.199.000 34.06%
2021 8.748.814.000 10.52%
2022 8.828.774.000 0.91%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Cowen Inc. Liabilities
Year Liabilities Growth
2001 348.249.000
2002 357.005.000 2.45%
2003 455.037.000 21.54%
2004 466.872.000 2.53%
2005 411.388.000 -13.49%
2006 466.310.000 11.78%
2007 140.383.000 -232.17%
2008 63.858.000 -119.84%
2009 255.091.000 74.97%
2010 653.568.000 60.97%
2011 922.786.000 29.17%
2012 1.143.367.000 19.29%
2013 1.334.234.000 14.31%
2014 1.728.001.000 22.79%
2015 1.002.461.000 -72.38%
2016 1.245.873.000 19.54%
2017 2.548.233.000 51.11%
2018 2.551.896.000 0.14%
2019 3.866.575.000 34%
2020 6.659.078.000 41.94%
2021 7.452.460.000 10.65%
2022 7.480.929.000 0.38%

Cowen Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
48.75
Net Income per Share
2.42
Price to Earning Ratio
16.09x
Price To Sales Ratio
0.71x
POCF Ratio
7.17
PFCF Ratio
6.91
Price to Book Ratio
1.04
EV to Sales
1.3
EV Over EBITDA
20.18
EV to Operating CashFlow
11.64
EV to FreeCashFlow
12.56
Earnings Yield
0.06
FreeCashFlow Yield
0.14
Market Cap
1,10 Bil.
Enterprise Value
2,00 Bil.
Graham Number
45.26
Graham NetNet
-134.08

Income Statement Metrics

Net Income per Share
2.42
Income Quality
2.61
ROE
0.07
Return On Assets
0.01
Return On Capital Employed
0.02
Net Income per EBT
1
EBT Per Ebit
1.08
Ebit per Revenue
0.05
Effective Tax Rate
0.14

Margins

Sales, General, & Administrative to Revenue
0.1
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.04
Gross Profit Margin
0.22
Operating Profit Margin
0.05
Pretax Profit Margin
0.05
Net Profit Margin
0.05

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0.29
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
5.44
Free CashFlow per Share
5.04
Capex to Operating CashFlow
-0.07
Capex to Revenue
-0.01
Capex to Depreciation
-0.45
Return on Invested Capital
0.02
Return on Tangible Assets
0.01
Days Sales Outstanding
668.4
Days Payables Outstanding
51.51
Days of Inventory on Hand
0
Receivables Turnover
0.55
Payables Turnover
7.09
Inventory Turnover
0
Capex per Share
-0.4

Balance Sheet

Cash per Share
36,13
Book Value per Share
37,56
Tangible Book Value per Share
34.32
Shareholders Equity per Share
37.56
Interest Debt per Share
72.83
Debt to Equity
1.72
Debt to Assets
0.23
Net Debt to EBITDA
9.08
Current Ratio
1
Tangible Asset Value
1,08 Bil.
Net Current Asset Value
-3,10 Bil.
Invested Capital
1.72
Working Capital
0,01 Bil.
Intangibles to Total Assets
0.03
Average Receivables
2,54 Bil.
Average Payables
0,14 Bil.
Average Inventory
0
Debt to Market Cap
1.85

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Cowen Inc. Dividends
Year Dividends Growth
2020 0
2021 0 0%
2022 0 0%
2023 0 0%

Cowen Inc. Profile

About Cowen Inc.

Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co). The company offers public and private capital raising, and strategic advisory services for public and private companies. It also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients. In addition, the company offers investment products and solutions in the liquidity spectrum to institutional and private clients, as well as provides investment research services. Further, it is involved in the private investment, private real estate investment, and other legacy investment activities. The company was founded in 1918 and is headquartered in New York, New York.

CEO
Mr. Jeffrey Marc Solomon
Employee
1.534
Address
599 Lexington Avenue
New York, 10022

Cowen Inc. Executives & BODs

Cowen Inc. Executives & BODs
# Name Age
1 Mr. Jeffrey Marc Solomon
Chairman & Chief Executive Officer
70
2 Mr. Owen S. Littman
MD, Gen. Counsel & Sec.
70
3 Mr. Stephen A. Lasota CPA
MD & Chief Financial Officer
70
4 Mr. James T. Farley
MD & Head of Investor Relations
70
5 Mr. John J. Holmes
MD & Chief Operating Officer
70
6 Mr. Daniel S. Charney
MD & Co-Pres
70
7 Mr. Larry Scott Wieseneck
Co-Pres & Head of Investment Banking
70
8 Mr. André Albert Augier
Vice Chair of Investment Banking
70
9 Mr. John DiMaiuta
MD & Chief Technology Officer
70
10 Ms. Elizabeth Flisser Rosman
MD & Head of Investment Management
70
11 Ms. Kelly Weigel
MD & Head of Marketing
70
12 Mr. Rhys S. Brooks
Head of Sales Trading
70

Cowen Inc. Competitors