Cohen & Steers, Inc.

  • Earnings Score
  • Moat Score
  • Market Cap $4.35B
  • PE 29
  • Debt -
  • Cash $183.16M
  • EV -
  • FCF $85.04M

Earnings

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Sales & Net Margins

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Earnings$151.27M
EBIT$209.54M
ROE29%
ROA26%
FCF$85.04M
Equity$521.44M
Growth Stability67%
PE28.77
PEG5.51
PB8.35
P/FCF51.17
P/S8.41
Price/Cash0.04
Net Margins29%
Op. Margins40%
Earnings CAGR8%
Sales Growth YoY17%
Sales Growth QoQ5%
Sales CAGR6%
FCF CAGR6%
Equity CAGR5%
Earnings Stability0.56
Earnings Growth YoY31%
Earnings Growth QoQ12%
Earnings CAGR 5Y5%
Sales CAGR 5Y3%
FCF CAGR 5Y-6%
Equity CAGR 5Y24%
Earnings CAGR 3Y-8%
Sales CAGR 3Y-8%
FCF CAGR 3Y4%
Equity CAGR 3Y26%
Market Cap$4.35B
Revenue$517.42M
Dividend Yield3%
Payout Ratio79%
Assets$812.37M
Cash$183.16M
Shares Outstanding50.41M
Earnings Score69%
Moat Score97%
Shares Growth 3y7%
Equity Growth QoQ5%
Equity Growth YoY35%

Assets & ROA

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Stockholders Equity & ROE

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Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $87.9 billion in managed assets at the end of June 2022. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. It expects to balance distribution among its closed-end mutual funds, open-end mutual funds, and institutional accounts over time. During the June quarter of 2022, the company garnered 39% (25%) of its managed assets (base management fees) from institutional clients, 48% (55%) from open-end funds, and 13% (20%) from closed-end funds.

SEC Filings

Direct access to Cohen & Steers, Inc. (CNS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Cohen & Steers, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cohen & Steers, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%
Stability 56%
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Cohen & Steers, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cohen & Steers, Inc..

= $1.3B
012345678910TV
fcf$85M$91M$96M$103M$109M$116M$124M$132M$140M$149M$159M$1.6B
DCF$82M$80M$77M$75M$72M$70M$68M$65M$63M$61M$612M
Value$1.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins20%27%24%29%33%18%36%26%26%29%29%
ROA-41%38%34%47%27%57%32%24%26%26%
ROE-35%33%49%63%43%83%44%33%29%29%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-----------
Debt over Equity-----------
Growth Stability---100%100%67%100%100%89%93%67%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-6%8%1%8%4%37%-3%-14%6%3%
Earnings YoY growth-44%-1%19%23%-44%181%-29%-14%17%5%
Equity YoY growth-15%4%-19%-4%-18%46%34%13%35%24%
FCF YoY growth-20%-42%13%101%-37%177%-76%100%-26%-6%