Cowen Statistics

Share Statistics

Cowen has 28.19M shares outstanding. The number of shares has increased by 0% in one year.

Shares Outstanding	28.19M
Shares Change (YoY)	0%
Shares Change (QoQ)	0%
Owned by Institutions (%)	n/a
Shares Floating	25.07M
Failed to Deliver (FTD) Shares	5
FTD / Avg. Volume	n/a

Short Selling Information

The latest short interest is 5.1M, so 0% of the outstanding shares have been sold short.

Short Interest	5.1M
Short % of Shares Out	n/a
Short % of Float	19.63%
Short Ratio (days to cover)	3.95

Valuation Ratios

The PE ratio is 15.93 and the forward PE ratio is null. Cowen's PEG ratio is -0.21.

PE Ratio	15.93
Forward PE	n/a
PS Ratio	0.79
Forward PS	n/a
PB Ratio	1.03
P/FCF Ratio	7.66
PEG Ratio	-0.21

Financial Ratio History

Enterprise Valuation

Cowen has an Enterprise Value (EV) of 2.12B.

EV / Sales	1.38
EV / EBITDA	21.39
EV / EBIT	12.34
EV / FCF	13.31

Financial Position

The company has a current ratio of 1, with a Debt / Equity ratio of 1.72.

Current Ratio	1
Quick Ratio	1
Debt / Equity	1.72
Debt / EBITDA	20.59
Debt / FCF	12.82
Interest Coverage	0

Financial Efficiency

Return on Equity is 6.45% and Return on Invested Capital is 6.41%.

Return on Equity	6.45%
Return on Assets	0.87%
Return on Invested Capital	6.41%
Revenue Per Employee	$1M
Profits Per Employee	$49.84K
Employee Count	1,534
Asset Turnover	0.17
Inventory Turnover	n/a

Taxes

Income Tax	10.79M
Effective Tax Rate	14.07%

Stock Price Statistics

The stock price has increased by 0% in the last 52 weeks. The beta is 1.41, so Cowen's price volatility has been higher than the market average.

Beta	1.41
52-Week Price Change	n/a
50-Day Moving Average	38.8
200-Day Moving Average	35.57
Relative Strength Index (RSI)	63.54
Average Volume (20 Days)	608,823

Income Statement

In the last 12 months, Cowen had revenue of 1.54B and earned 76.46M in profits. Earnings per share was 2.47.

Revenue	1.54B
Gross Profit	339.45M
Operating Income	341.87M
Net Income	76.46M
EBITDA	98.99M
EBIT	335.77M
Earnings Per Share (EPS)	2.47

Full Income Statement

Balance Sheet

The company has 1.14B in cash and 2.04B in debt, giving a net cash position of -898.67M.

Cash & Cash Equivalents	1.14B
Total Debt	2.04B
Net Cash	-898.67M
Retained Earnings	515.39M
Total Assets	8.83B
Working Capital	11.47M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 171.59M and capital expenditures -12.54M, giving a free cash flow of 159.06M.

Operating Cash Flow	171.59M
Capital Expenditures	-12.54M
Free Cash Flow	159.06M
FCF Per Share	5.04

Full Cash Flow Statement

Margins

Gross margin is 22.07%, with operating and profit margins of 22.23% and 4.97%.

Gross Margin	22.07%
Operating Margin	22.23%
Pretax Margin	4.98%
Profit Margin	4.97%
EBITDA Margin	6.44%
EBIT Margin	22.23%
FCF Margin	10.34%

Dividends & Yields

COWN pays an annual dividend of $0.6, which amounts to a dividend yield of 1.23%.

Dividend Per Share	$0.60
Dividend Yield	1.23%
Dividend Growth (YoY)	0%
Payout Ratio	27.15%
Earnings Yield	6.28%
FCF Yield	13.06%

Dividend Details

Analyst Forecast

Currently there are no analyst rating for COWN.

Price Target	n/a
Price Target Difference	n/a
Analyst Consensus	n/a
Analyst Count	n/a

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$30.11
Lynch Upside	-22.78%
Graham Number	45.26
Graham Upside	16.08%

Stock Splits

The last stock split was on Dec 5, 2016. It was a backward split with a ratio of 1:4.

Last Split Date	Dec 5, 2016
Split Type	backward
Split Ratio	1:4

Scores

Altman Z-Score	0.37
Piotroski F-Score	6

Cowen Inc. (COWN)