(COHN) Cohen - Overview
Stock: Cdo, Investment, Fixed Income, Finance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 18.50% |
| Yield on Cost 5y | 25.25% |
| Yield CAGR 5y | 18.92% |
| Payout Consistency | 70.1% |
| Payout Ratio | 42.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 85.6% |
| Relative Tail Risk | -12.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.35 |
| Alpha | 103.75 |
| Character TTM | |
|---|---|
| Beta | 0.313 |
| Beta Downside | 0.673 |
| Drawdowns 3y | |
|---|---|
| Max DD | 60.77% |
| CAGR/Max DD | 0.70 |
Description: COHN Cohen December 18, 2025
Cohen & Company Inc. (NYSE MKT: COHN) is a publicly traded investment manager that focuses on separate-client fixed-income portfolios and collateralized debt obligations. Founded in 1999 and headquartered in Philadelphia, the firm serves both individual and institutional investors across a global spectrum of credit assets, including U.S. trust preferred securities, European hybrid capital, Asian commercial real-estate debt, mortgage-backed securities, and asset-backed securities. The company operates under its former name, Institutional Financial Markets, Inc., and maintains a footprint in major financial hubs such as New York, Chicago, Boston, Paris, and London.
As of the most recent filing (Q3 2024), COHN reported approximately $2.1 billion in assets under management, with a revenue run-rate of $85 million and an operating margin near 22 %. The firm’s performance is tightly linked to macro-level credit spreads and central-bank policy; a flattening yield curve and tighter monetary conditions have historically boosted demand for higher-yielding, non-agency fixed-income products that COHN specializes in. Additionally, the alternative-credit sector is seeing a 6-8 % annual growth in capital inflows, driven by institutional appetite for diversification away from traditional equities and government bonds.
For a deeper quantitative view, the ValueRay platform provides a granular breakdown of COHN’s credit exposure, risk metrics, and valuation multiples to help you assess the firm’s upside potential.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 4.38m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -20.65 > 1.0 |
| NWC/Revenue: 347.3% < 20% (prev 779.4%; Δ -432.2% < -1%) |
| CFO/TA 0.04 > 3% & CFO 33.8m > Net Income 4.38m |
| Net Debt (29.2m) to EBITDA (12.0m): 2.43 < 3 |
| Current Ratio: 65.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (6.03m) vs 12m ago 4.16% < -2% |
| Gross Margin: 30.70% > 18% (prev 0.37%; Δ 3033 % > 0.5%) |
| Asset Turnover: 24.04% > 50% (prev 11.68%; Δ 12.37% > 0%) |
| Interest Coverage Ratio: 1.93 > 6 (EBITDA TTM 12.0m / Interest Expense TTM 5.89m) |
Altman Z'' 5.56
| A: 0.86 (Total Current Assets 674.9m - Total Current Liabilities 10.4m) / Total Assets 773.9m |
| B: -0.04 (Retained Earnings -29.4m / Total Assets 773.9m) |
| C: 0.01 (EBIT TTM 11.4m / Avg Total Assets 795.9m) |
| D: -0.04 (Book Value of Equity -30.3m / Total Liabilities 672.8m) |
| Altman-Z'' Score: 5.56 = AAA |
Beneish M -2.35
| DSRI: 0.40 (Receivables 510.2m/634.4m, Revenue 191.4m/95.5m) |
| GMI: 1.22 (GM 30.70% / 37.41%) |
| AQI: 1.50 (AQ_t 0.10 / AQ_t-1 0.07) |
| SGI: 2.00 (Revenue 191.4m / 95.5m) |
| TATA: -0.04 (NI 4.38m - CFO 33.8m) / TA 773.9m) |
| Beneish M-Score: -2.35 (Cap -4..+1) = BBB |
What is the price of COHN shares?
Over the past week, the price has changed by -6.03%, over one month by -2.08%, over three months by +60.91% and over the past year by +111.70%.
Is COHN a buy, sell or hold?
What are the forecasts/targets for the COHN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 0.5 | -97.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21.6 | 23.7% |
COHN Fundamental Data Overview February 03, 2026
P/S = 0.2052
P/B = 0.8329
Revenue TTM = 191.4m USD
EBIT TTM = 11.4m USD
EBITDA TTM = 12.0m USD
Long Term Debt = 66.6m USD (from longTermDebt, last quarter)
Short Term Debt = 457.1m USD (from shortTermDebt, last quarter)
Debt = 83.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 29.2m USD (from netDebt column, last quarter)
Enterprise Value = -50.3m USD (27.2m + Debt 83.9m - CCE 161.4m)
Interest Coverage Ratio = 1.93 (Ebit TTM 11.4m / Interest Expense TTM 5.89m)
EV/FCF = -1.54x (Enterprise Value -50.3m / FCF TTM 32.6m)
FCF Yield = -64.73% (FCF TTM 32.6m / Enterprise Value -50.3m)
FCF Margin = 17.01% (FCF TTM 32.6m / Revenue TTM 191.4m)
Net Margin = 2.29% (Net Income TTM 4.38m / Revenue TTM 191.4m)
Gross Margin = 30.70% ((Revenue TTM 191.4m - Cost of Revenue TTM 132.6m) / Revenue TTM)
Gross Margin QoQ = 36.25% (prev 25.97%)
Tobins Q-Ratio = -0.06 (set to none) (Enterprise Value -50.3m / Total Assets 773.9m)
Interest Expense / Debt = 1.75% (Interest Expense 1.47m / Debt 83.9m)
Taxrate = 7.70% (733.0k / 9.52m)
NOPAT = 10.5m (EBIT 11.4m * (1 - 7.70%))
Current Ratio = 65.08 (Total Current Assets 674.9m / Total Current Liabilities 10.4m)
Debt / Equity = 1.75 (Debt 83.9m / totalStockholderEquity, last quarter 47.8m)
Debt / EBITDA = 2.43 (Net Debt 29.2m / EBITDA 12.0m)
Debt / FCF = 0.90 (Net Debt 29.2m / FCF TTM 32.6m)
Total Stockholder Equity = 43.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.55% (Net Income 4.38m / Total Assets 773.9m)
RoE = 10.01% (Net Income TTM 4.38m / Total Stockholder Equity 43.7m)
RoCE = 10.29% (EBIT 11.4m / Capital Employed (Equity 43.7m + L.T.Debt 66.6m))
RoIC = 7.40% (NOPAT 10.5m / Invested Capital 141.6m)
WACC = 2.95% (E(27.2m)/V(111.1m) * Re(7.07%) + D(83.9m)/V(111.1m) * Rd(1.75%) * (1-Tc(0.08)))
Discount Rate = 7.07% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 98.49%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈100.9m ; Y1≈66.2m ; Y5≈30.2m
Fair Price DCF = 458.5 (EV 962.8m - Net Debt 29.2m = Equity 933.5m / Shares 2.04m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 46.61 | EPS CAGR: 21.78% | SUE: N/A | # QB: 0
Revenue Correlation: 58.26 | Revenue CAGR: 35.38% | SUE: N/A | # QB: 0