A Business at a Glance
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COHEN & STEERS, INC.
CNS
$4.2B
Mkt Cap
$81.35
+1.71%
COHEN & STEERS, INC. (CNS) has a current P/E ratio of 27.4, compared to its historical median P/E of 18.5. The stock is currently considered Expensive based on its historical valuation range.
COHEN & STEERS, INC. (CNS) has a 5-year average return on invested capital (ROIC) of 45.1%. This indicates strong capital allocation and a potential competitive advantage.
COHEN & STEERS, INC. (CNS) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Yes, COHEN & STEERS, INC. (CNS) pays a dividend with a trailing twelve-month yield of 3.10%. The company also returns capital through share buybacks, with a buyback yield of 0.46%.
Based on historical P/E analysis, COHEN & STEERS, INC. (CNS) appears expensive. The current P/E of 27.4 is 48% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 4.0%.
COHEN & STEERS, INC. (CNS) operates in the Investment Advice industry, within the Financials sector.
COHEN & STEERS, INC. (CNS) reported annual revenue of $556 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Cohen & Steers, founded in 1986, is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore, we serve institutional and individual investors around the world. Cohen & Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. 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), Cohen & Steers Japan Limited (CSJL) and Cohen & Steers Singapore Private Limited (CSSG). CNS and its subsidiaries are collectively referred to as the Company, we, us or our.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 567M | 556M | 517M | 490M | 567M | 584M |
| Net Income | 156M | 153M | 151M | 129M | 171M | 211M |
| EPS | $3.05 | $2.97 | $2.97 | $2.60 | $3.47 | $4.31 |
| Free Cash Flow | 0 | -126M | 85M | 115M | 57M | 240M |
| ROIC | 27.3% | 28.5% | 29.6% | 33.9% | 50.7% | 82.8% |
| Gross Margin | - | 59.6% | 57.9% | 59.1% | 63.2% | 66.5% |
| Debt/Equity | 0.00 | 0.43 | 0.46 | 0.64 | 0.73 | 0.58 |
| Dividends/Share | $2.52 | $2.48 | $2.36 | $2.28 | $2.20 | $3.05 |
| Operating Income | 183M | 178M | 173M | 164M | 216M | 260M |
| Operating Margin | 32.2% | 32.0% | 33.4% | 33.6% | 38.1% | 44.6% |
| ROE | 27.7% | 28.5% | 29.6% | 33.9% | 50.7% | 82.8% |
| Shares Outstanding | 51M | 52M | 51M | 50M | 49M | 49M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 314M | 329M | 350M | 379M | 381M | 411M | 428M | 584M | 567M | 490M | 517M | 556M | 567M |
| Gross Margin | 55.4% | 50.9% | 54.5% | 54.6% | N/A | N/A | N/A | 66.5% | 63.2% | 59.1% | 57.9% | 59.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 47M | 51M | 43M | 42M | 48M | 48M | 56M | 48M | 55M | 67M | 60M | 71M | 73M |
| EBIT | 122M | 128M | 136M | 155M | 147M | 160M | 95M | 260M | 216M | 164M | 173M | 178M | 183M |
| Op. Margin | 38.8% | 38.8% | 38.7% | 40.9% | 38.6% | 39.0% | 22.2% | 44.6% | 38.1% | 33.6% | 33.4% | 32.0% | 32.2% |
| Net Income | 76M | 65M | 93M | 92M | 114M | 135M | 77M | 211M | 171M | 129M | 151M | 153M | 156M |
| Net Margin | 24.1% | 19.6% | 26.6% | 24.3% | 29.9% | 32.8% | 17.9% | 36.2% | 30.2% | 26.4% | 29.2% | 27.6% | 27.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 33.4% | 28.1% | 37.4% | 34.0% | 45.7% | 61.7% | 39.5% | 82.8% | 50.7% | 33.9% | 29.6% | 28.5% | 27.3% |
| ROE | 33.4% | 28.1% | 37.4% | 34.0% | 45.7% | 61.7% | 39.5% | 82.8% | 50.7% | 33.9% | 29.6% | 28.5% | 27.7% |
| ROA | 27.2% | 22.0% | 29.1% | 24.7% | 25.6% | 30.5% | 20.4% | 42.9% | 25.4% | 17.5% | 18.6% | 18.1% | 18.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 55M | 90M | 115M | 64M | 73M | 141M | 89M | 243M | 62M | 172M | 97M | -120M | -63M |
| Free Cash Flow | 49M | 87M | 105M | 61M | 69M | 139M | 87M | 240M | 57M | 115M | 85M | -126M | 0 |
| Owner Earnings | 25M | 63M | 89M | 38M | 44M | 109M | 55M | 197M | 6.7M | 122M | 33M | -178M | -118M |
| CapEx | 5.9M | 2.4M | 10M | 3.2M | 3.5M | 2.8M | 2.5M | 2.7M | 4.2M | 57M | 12M | 6.0M | 0 |
| Maint. CapEx | 4.5M | 3.8M | 4.2M | 4.2M | 4.4M | 4.4M | 4.7M | 5.7M | 5.7M | 5.1M | 11M | 12M | 10M |
| Growth CapEx | 1.4M | 0 | 6.0M | 0 | 0 | 0 | 0 | 0 | 0 | 52M | 482K | 0 | 0 |
| D&A | 4.5M | 3.8M | 4.2M | 4.2M | 4.4M | 4.4M | 4.7M | 5.7M | 5.7M | 5.1M | 11M | 12M | 10M |
| CapEx/OCF | 10.8% | 2.7% | 8.9% | 5.0% | 4.8% | 1.9% | 2.8% | 1.1% | 6.8% | 33.1% | 12.0% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 84M | 68M | 71M | 98M | 179M | 163M | 122M | 148M | 107M | 112M | 119M | 127M | 130M |
| Dividend Yield | 7.7% | 6.9% | 6.4% | 7.9% | 13.2% | 8.5% | 4.9% | 4.4% | 3.3% | 3.9% | 3.0% | 3.3% | 3.1% |
| Share Buybacks | 12M | 19M | 8.0M | 9.1M | 11M | 10M | 26M | 23M | 27M | 22M | 21M | 28M | 19M |
| Buyback Yield | 1.0% | 2.2% | 0.8% | 0.6% | 0.9% | 0.4% | 0.9% | 0.6% | 1.0% | 0.6% | 0.5% | 0.9% | 0.5% |
| Stock-Based Comp | 25M | 23M | 22M | 22M | 25M | 28M | 29M | 40M | 49M | 44M | 52M | 46M | 45M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -53M |
| Cash & Equiv. | 125M | 143M | 183M | 193M | 93M | 101M | 41M | 184M | 247M | 187M | 183M | 145M | 53M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.23 | 0.27 | 0.25 | 0.32 | 0.65 | 0.63 | 0.71 | 0.58 | 0.73 | 0.64 | 0.46 | 0.43 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 228M | 232M | 266M | 276M | 223M | 214M | 174M | 255M | 338M | 381M | 512M | 562M | 563M |
| Total Assets | 281M | 305M | 334M | 410M | 481M | 402M | 348M | 493M | 673M | 737M | 812M | 877M | 855M |
| Total Liabilities | 52M | 62M | 67M | 87M | 144M | 135M | 124M | 148M | 246M | 244M | 237M | 243M | 188M |
| Intangibles | 1.6M | 1.5M | 1.4M | 1.3M | 1.3M | 0 | 1.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -143M | -148M | -128M | -138M | -208M | -242M | -292M | -232M | -171M | -158M | -129M | -106M | -99M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.65 | 1.41 | 2.00 | 1.96 | 2.40 | 2.79 | 1.57 | 4.31 | 3.47 | 2.60 | 2.97 | 2.97 | 3.05 |
| Owner EPS | 0.55 | 1.38 | 1.91 | 0.80 | 0.92 | 2.26 | 1.13 | 4.01 | 0.14 | 2.47 | 0.65 | -3.45 | -2.30 |
| Book Value | 4.98 | 5.06 | 5.72 | 5.87 | 4.69 | 4.43 | 3.57 | 5.20 | 6.85 | 7.68 | 10.05 | 10.89 | 10.96 |
| Cash Flow/Share | 1.19 | 1.96 | 2.47 | 1.37 | 1.53 | 2.93 | 1.83 | 4.95 | 1.25 | 3.46 | 1.90 | -2.33 | 3.23 |
| Dividends/Share | 1.88 | 1.50 | 1.54 | 2.12 | 3.82 | 3.44 | 2.56 | 3.05 | 2.20 | 2.28 | 2.36 | 2.48 | 2.52 |
| Shares Out. | 45.8M | 45.8M | 46.5M | 46.9M | 47.5M | 48.3M | 48.8M | 49.0M | 49.3M | 49.6M | 50.9M | 51.6M | 51.4M |
| Valuation | |||||||||||||
| P/E Ratio | 15.8 | 13.8 | 11.0 | 16.8 | 10.9 | 18.2 | 39.7 | 18.7 | 16.5 | 27.9 | 30.4 | 21.6 | 26.7 |
| P/FCF | 24.6 | 10.2 | 9.8 | 25.4 | 18.0 | 17.7 | 35.0 | 16.5 | 49.0 | 31.4 | 54.1 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 22.6 |
| Price/Book | 5.2 | 3.9 | 3.9 | 5.6 | 5.6 | 11.5 | 17.4 | 15.5 | 8.3 | 9.5 | 9.0 | 5.9 | 7.4 |
| Price/Sales | 3.5 | 3.0 | 3.2 | 3.3 | 3.6 | 4.7 | 5.9 | 5.7 | 5.7 | 5.9 | 7.7 | 6.9 | 7.4 |
| FCF Yield | 4.1% | 9.8% | 10.2% | 3.9% | 5.5% | 5.6% | 2.9% | 6.1% | 2.0% | 3.2% | 1.8% | -3.8% | N/A |
| Market Cap | 1.2B | 893M | 1.0B | 1.5B | 1.2B | 2.5B | 3.0B | 4.0B | 2.8B | 3.6B | 4.6B | 3.3B | 4.2B |
| Avg. Price | 23.79 | 21.56 | 23.97 | 26.67 | 28.55 | 39.85 | 51.67 | 68.23 | 65.35 | 57.90 | 78.07 | 73.88 | 81.35 |
| Year-End Price | 26.13 | 19.51 | 22.06 | 33.00 | 26.26 | 50.89 | 62.26 | 80.73 | 57.13 | 72.67 | 90.37 | 64.20 | 81.35 |
COHEN & STEERS, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
COHEN & STEERS, INC. trades at 27.4x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 45.1% with a gross margin of 61.3%. Total shareholder yield (dividends + buybacks) is 3.6%. At current prices, the estimated annualized return to fair value is -0.5%.
COHEN & STEERS, INC. (CNS) has a net profit margin of 27.6%. This is a strong margin indicating high profitability.
COHEN & STEERS, INC. (CNS) generated $-126 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
COHEN & STEERS, INC. (CNS) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
COHEN & STEERS, INC. (CNS) reported earnings per share (EPS) of $2.97 in its most recent fiscal year.
COHEN & STEERS, INC. (CNS) has a return on equity (ROE) of 28.5%. This indicates the company generates strong returns for shareholders.
COHEN & STEERS, INC. (CNS) has a 5-year average gross margin of 61.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for COHEN & STEERS, INC. (CNS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COHEN & STEERS, INC. (CNS) has a book value per share of $10.89, based on its most recent annual SEC filing.
No recent press releases.