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Cohen & Company Inc (COHN)
:COHN
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Cohen & Company
(NYSE MKT:COHN)
45Neutral
Cohen & Company (COHN) vs. S&P 500 (SPY)
Market Cap
$16.44M
Dividend Yield12.5%
Average Volume (3M)6.91K
Price to Earnings (P/E)2.3
Beta (1Y)1.32
Revenue Growth52.42%
EPS Growth98.43%
CountryUS
Employees113
SectorFinancial
Sector Strength85
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.08
Shares Outstanding2,054,674
10 Day Avg. Volume9,662
30 Day Avg. Volume6,910
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.09
Price to Cash Flow (P/CF)1.00
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Cohen & Company Business Overview & Revenue Model
Company DescriptionCohen & Company (COHN) is a financial services company that operates primarily in the investment management and capital markets sectors. The company offers a range of services including asset management, advisory, and capital markets services. With a focus on providing comprehensive solutions to institutional clients, Cohen & Company is involved in areas such as fixed income, equity, and alternative investment markets.
How the Company Makes MoneyCohen & Company generates revenue through multiple streams, primarily from its asset management and capital markets services. In asset management, the company earns management fees based on the assets under management (AUM) and performance fees when specific investment benchmarks are met or exceeded. Within capital markets, revenue is derived from activities such as trading, underwriting, and advisory services, where the company earns fees and commissions. Additionally, Cohen & Company may engage in proprietary trading and other investment activities that contribute to its earnings. Strategic partnerships with financial institutions and corporations also play a role in enhancing its service offerings and expanding its market reach.
Cohen & Company Financial Statement Overview
Summary
Cohen & Company exhibits a mixed financial performance with moderate scores across the income statement, balance sheet, and cash flow metrics. Challenges in maintaining consistent revenue growth and profitability are evident, with high leverage posing potential financial risks. Recent improvements in cash flow and equity metrics are positives, though stability remains a concern.Income Statement
Cohen & Company has experienced significant fluctuations in its revenue and profitability. Despite a recent increase in net income, revenue has declined from the previous year. The company has shown inconsistent EBIT and EBITDA margins, indicating volatile operating performance. The overall trend suggests challenges in maintaining stable growth and profitability.45
Neutral
Balance Sheet
The company has a high debt-to-equity ratio, reflecting substantial leverage which could pose financial risks. However, the equity ratio has improved slightly, indicating a marginally better equity position relative to assets. Return on equity shows volatility, with recent improvements in net income contributing positively. Overall, the balance sheet reflects moderate financial health with potential risks from leverage.50
Neutral
Cash Flow
Cohen & Company has shown improvement in operating cash flow and free cash flow compared to previous years, but historical cash flow volatility remains a concern. The operating cash flow to net income ratio has improved, indicating better cash generation from operations relative to net profits. Despite these improvements, overall cash flow stability is questionable due to past fluctuations.40
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 127.08M | 79.60M | 82.98M | 44.39M | 146.37M | 130.11M | Gross Profit |
| 102.40M | 23.21M | 30.89M | -5.90M | 61.32M | 70.21M | EBIT |
| 37.17M | -8.02M | 6.86M | -27.96M | 77.73M | 42.33M | EBITDA |
| 14.41M | 2.60M | 23.03M | -58.30M | 80.43M | 116.75M | Net Income Common Stockholders |
| 6.37M | 8.19M | -5.11M | -58.67M | 72.11M | 38.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 315.34M | 19.59M | 184.51M | 240.93M | 274.43M | 284.96M | Total Assets |
| 5.65B | 971.15M | 772.76M | 887.05M | 3.65B | 6.15B | Total Debt |
| 5.25B | 16.57M | 454.00M | 492.27M | 3.23B | 5.77B | Net Debt |
| 5.24B | -3.02M | 443.35M | 463.17M | 3.18B | 5.72B | Total Liabilities |
| 5.61B | 880.87M | 680.96M | 793.03M | 3.50B | 6.05B | Stockholders Equity |
| 35.77M | 41.73M | 41.68M | 46.74M | 61.41M | 43.91M |
| Cash Flow | Free Cash Flow | ||||
| 30.38M | 8.23M | -40.03M | -24.06M | 17.29M | 41.22M | Operating Cash Flow |
| 31.24M | 9.47M | -39.66M | -23.49M | 18.32M | 41.44M | Investing Cash Flow |
| -9.32M | 16.51M | 38.12M | 13.80M | -22.53M | -11.95M | Financing Cash Flow |
| -21.27M | -16.72M | -17.11M | -11.50M | 13.16M | 3.79M |
Cohen & Company Technical Analysis
Negative
7.49
Price Trends
8.91
Negative
9.40
Negative
8.81
Negative
Market Momentum
-0.16
Negative
42.58
Neutral
21.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COHN, the sentiment is Negative. The current price of 7.49 is below the 20-day moving average (MA) of 8.32, below the 50-day MA of 8.91, and below the 200-day MA of 8.81, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 42.58 is Neutral, neither overbought nor oversold. The STOCH value of 21.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for COHN.
Cohen & Company Risk Analysis
Cohen & Company disclosed 71 risk factors in its most recent earnings report. Cohen & Company reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cohen & Company Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $5.79B | 12.61 | 21.20% | 2.57% | 24.22% | 112.34% | |
71 Outperform | $8.92B | 13.75 | 13.32% | 2.00% | 15.33% | 46.64% | |
70 Outperform | $774.19M | 46.64 | 33.59% | ― | 2.71% | ― | |
66 Neutral | $4.08B | 22.48 | 15.66% | 1.11% | 12.29% | 99.57% | |
63 Neutral | $14.39B | 9.81 | 8.95% | 4.37% | 16.38% | -11.64% | |
48 Neutral | $111.62M | ― | -34.32% | 81.97% | -17.51% | -1376.05% | |
45 Neutral | $16.44M | 2.31 | -0.31% | 12.50% | 52.42% | 98.43% |
* Financial Sector Average
Performance Comparison
COHN
Cohen & Company
7.49
0.92
14.00%
PIPR
Piper Sandler
217.00
21.00
10.71%
SF
Stifel Financial
79.13
3.49
4.61%
VIRT
Virtu Financial
35.10
14.98
74.45%
RILY
B Riley Financial
3.31
-19.70
-85.61%
OPFI
OppFi
8.27
5.96
258.01%
Cohen & Company Earnings Call Summary
Earnings Call Date: Mar 10, 2025 | % Change Since: -18.41% | Next Earnings Date: May 1, 2025
Earnings Call Sentiment Negative
The earnings call presented a mixed picture with significant revenue growth in CCM and the mortgage business. However, this was overshadowed by notable losses, volatility in revenue streams, and negative impacts from SPAC-related investments, leading to an overall net loss for the quarter.Highlights
Increase in CCM Revenue
Full year CCM revenue nearly doubled to $38.9 million from $21.9 million in 2023.
Growth in Mortgage Business
Gestation repo book increased by over 30% from December 2023, reaching $2.7 billion.
Net Trading Revenue Increase
Net trading revenue increased by $1.1 million compared to the fourth quarter of 2023.
Quarterly Dividend Payment
Declared a quarterly dividend of $0.25 per share, payable on April 9th.
Lowlights
Net Loss for the Quarter
Reported a net loss of $2 million for the quarter, compared to net income of $2.2 million in the prior quarter.
Volatility in New Issue and Advisory Revenue
New issue and advisory revenue decreased by $12.4 million from the third quarter and $8.6 million from the prior year quarter.
Negative Principal Transactions Revenue
$22.6 million of negative principal transactions revenue related to losses on investment assets received as consideration.
Decline in Equity Value of SPACs
Equity value of post-business combination SPACs continued to decline, negatively impacting revenues.
Adjusted Pretax Loss
Adjusted pretax loss was $7.7 million for the quarter compared to adjusted pretax income of $7.7 million for the prior quarter.
Company Guidance
During the Cohen & Company's fourth quarter 2024 earnings call, key financial metrics highlighted included a net loss attributable to the company of $2 million for the quarter, translating to a loss of $1.21 per fully diluted share. This contrasted with a net income of $2.2 million in the previous quarter and $4.5 million in the same quarter of the previous year. The adjusted pretax loss stood at $7.7 million, a reversal from the $7.7 million adjusted pretax income in the prior quarter. The total CCM revenue for the year was $38.9 million, nearly double the $21.9 million from 2023, despite a decrease in new issue and advisory revenue to $10 million in the fourth quarter. The company's gestation repo book increased by more than 30% to $2.7 billion compared to December 2023. Additionally, net trading revenue was $8.9 million, and asset management revenue was $2.1 million for the quarter. The company maintained its quarterly dividend at $0.25 per share, with total equity at the end of the year being $90.3 million, down from $91.8 million at the end of 2023. The call also noted the volatility in revenue due to fluctuations in the value of investment assets received as consideration, particularly related to SPAC market involvement.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.