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Cohen & Steers Inc
NYSE:CNS

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Cohen & Steers Inc Logo
Cohen & Steers Inc
NYSE:CNS
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Price: 76.89 USD 1.34% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Cohen & Steers, Inc. is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural... [ Read More ]

The intrinsic value of one CNS stock under the Base Case scenario is 51.05 USD. Compared to the current market price of 76.89 USD, Cohen & Steers Inc is Overvalued by 34%.

Key Points:
CNS Intrinsic Value
Base Case
51.05 USD
Overvaluation 34%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Cohen & Steers Inc

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Fundamental Analysis

Earnings Dip, AUM Grows Amidst Challenges
2023-Q4 Earnings Call

Earnings Dip, AUM Grows Amidst Challenges

The company reported lower earnings per share from $0.79 to $0.67 year-over-year due to decreased revenue, attributed to lower average assets under management (AUM). Their AUM still grew by 3.4%, reaching $83.1 billion, driven by market appreciation. Looking ahead, the compensation to revenue ratio is projected to drop significantly from 40.65% to 20.5% in 2024, with G&A expected to rise by 5% to 7%, and depreciation and amortization costs approximating $9 million. A major institutional client exited their $1.5 billion account, impacting the fee base. Despite some underperformance in the past quarter, AUM outperformance over 3 and 5 years remains strong at 96% and 97% respectively, and 94% of open-end fund AUM is rated 4- or 5-star by Morningstar. The unfunded pipeline grew to $1.2 billion, signifying confidence as the firm enters investment phase for CNS REIT amid positive market signals.

Financials

Balance Sheet Decomposition
Cohen & Steers Inc

Current Assets 256.3m
Cash & Short-Term Investments 187.4m
Receivables 68.9m
Non-Current Assets 480.2m
Long-Term Investments 259m
PP&E 169.6m
Intangibles 19.4m
Other Non-Current Assets 32.2m
Current Liabilities 222.3m
Accounts Payable 201k
Accrued Liabilities 206.8m
Other Current Liabilities 15.3m
Non-Current Liabilities 133.1m
Other Non-Current Liabilities 133.1m
Efficiency

Earnings Waterfall
Cohen & Steers Inc

Revenue
489.6m USD
Cost of Revenue
-54.2m USD
Gross Profit
435.5m USD
Operating Expenses
-271m USD
Operating Income
164.5m USD
Other Expenses
-35.4m USD
Net Income
129m USD

Free Cash Flow Analysis
Cohen & Steers Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
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Fundamental Scores

CNS Profitability Score
Profitability Due Diligence

Cohen & Steers Inc's profitability score is 76/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
Positive Gross Profit
Positive Free Cash Flow
76/100
Profitability
Score

Cohen & Steers Inc's profitability score is 76/100. The higher the profitability score, the more profitable the company is.

CNS Solvency Score
Solvency Due Diligence

Cohen & Steers Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Long-Term Solvency
Short-Term Solvency
69/100
Solvency
Score

Cohen & Steers Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CNS Price Targets Summary
Cohen & Steers Inc

Wall Street analysts forecast CNS stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CNS is 74.97 USD with a low forecast of 69.69 USD and a high forecast of 81.9 USD.

Lowest
Price Target
69.69 USD
9% Downside
Average
Price Target
74.97 USD
2% Downside
Highest
Price Target
81.9 USD
7% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

CNS Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

CNS Price
Cohen & Steers Inc

1M 1M
+5%
6M 6M
+23%
1Y 1Y
+27%
3Y 3Y
+24%
5Y 5Y
+104%
10Y 10Y
+189%
Annual Price Range
76.89
52w Low
50.6
52w High
77.46
Price Metrics
Average Annual Return 18.47%
Standard Deviation of Annual Returns 32.84%
Max Drawdown -55%
Shares Statistics
Market Capitalization 3.8B USD
Shares Outstanding 49 520 000
Percentage of Shares Shorted 6.05%

CNS Return Decomposition
Main factors of price return

What is price return decomposition?

CNS News

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Company Profile

Cohen & Steers Inc Logo
Cohen & Steers Inc

Country

United States of America

Industry

Financial Services

Market Cap

3.8B USD

Dividend Yield

3.07%

Description

Cohen & Steers, Inc. is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. The company is headquartered in New York City, New York and currently employs 354 full-time employees. The company went IPO on 2004-08-13. The firm manages three types of investment vehicles institutional accounts, open-end funds, and closed-end funds. The institutional accounts for which the Company serves as investment adviser represent portfolios of securities it manages for institutional clients. The open-end funds include assets of third parties for which the CNS provides model portfolios. The closed-end funds for which the Company serves as investment adviser. CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers UK Limited (CSUK), Cohen & Steers Ireland Limited (CSIL), Cohen & Steers Asia Limited (CSAL) and Cohen & Steers Japan Limited (CSJL).

Contact

NEW YORK
New York City
280 Park Ave Fl 10
+12128323232.0
http://www.cohenandsteers.com/

IPO

2004-08-13

Employees

354

Officers

Executive Chairman
Mr. Robert Hamilton Steers
Co-Founder & Chairman
Mr. Martin Cohen
President, CEO & Director
Mr. Joseph Martin Harvey
Executive VP & COO
Mr. Adam M. Derechin C.F.A.
Executive VP & Chief Investment Officer
Mr. John Y. Cheigh C.F.A.
Executive VP & Head of Global Distribution
Mr. Daniel P. Charles
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Chief Accounting Officer & Senior VP
Ms. Elena Dulik
Executive VP, General Counsel & Secretary
Mr. Francis Casimir Poli Esq.
Vice President of Communications
Robert Klemens
Chief Human Resources Officer & Executive VP
Mr. Brandon Brown
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See Also

Discover More
What is the Intrinsic Value of one CNS stock?

The intrinsic value of one CNS stock under the Base Case scenario is 51.05 USD.

Is CNS stock undervalued or overvalued?

Compared to the current market price of 76.89 USD, Cohen & Steers Inc is Overvalued by 34%.