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Cohen

AMEX:COHN
Snowflake Description

Unattractive dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COHN
AMEX
$10M
Imp Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Cohen & Company Inc. is a publicly owned investment manager. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Cohen is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Cohen has significant price volatility in the past 3 months.
COHN Share Price and Events
7 Day Returns
-3%
AMEX:COHN
0%
US Capital Markets
0.9%
US Market
1 Year Returns
-40.7%
AMEX:COHN
-5.7%
US Capital Markets
9.6%
US Market
COHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cohen (COHN) -3% -27.2% -25.9% -40.7% -41.3% -71.7%
US Capital Markets 0% 7.7% 4.6% -5.7% 53% 70.8%
US Market 0.9% 4.6% 10.9% 9.6% 39% 47.2%
1 Year Return vs Industry and Market
  • COHN underperformed the Capital Markets industry which returned -5.7% over the past year.
  • COHN underperformed the Market in United States of America which returned 9.6% over the past year.

COHN Value

 Is Cohen undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cohen. This is due to cash flow or dividend data being unavailable. The share price is $6.11.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cohen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cohen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:COHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-2.14
AMEX:COHN Share Price ** AMEX (2019-04-25) in USD $6.11
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.5x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cohen.

AMEX:COHN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:COHN Share Price ÷ EPS (both in USD)

= 6.11 ÷ -2.14

-2.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cohen is loss making, we can't compare its value to the US Capital Markets industry average.
  • Cohen is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Cohen's expected growth come at a high price?
Raw Data
AMEX:COHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 35 Publicly-Listed Capital Markets Companies 2.45x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cohen, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cohen's assets?
Raw Data
AMEX:COHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $32.20
AMEX:COHN Share Price * AMEX (2019-04-25) in USD $6.11
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 7.75x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
AMEX:COHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:COHN Share Price ÷ Book Value per Share (both in USD)

= 6.11 ÷ 32.20

0.19x

* Primary Listing of Cohen.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cohen is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Cohen's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Cohen has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COHN Future Performance

 How is Cohen expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cohen has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cohen expected to grow at an attractive rate?
  • Unable to compare Cohen's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cohen's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Cohen's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:COHN Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:COHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:COHN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 41 -7 -2
2018-09-30 37 8 -1
2018-06-30 36 22 0
2018-03-31 36 13 0
2017-12-31 42 -12 2
2017-09-30 43 -21 1
2017-06-30 48 -22 2
2017-03-31 51 -21 3
2016-12-31 51 -9 2
2016-09-30 48 -4 -1
2016-06-30 46 -6 -2
2016-03-31 43 -2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cohen is high growth as no earnings estimate data is available.
  • Unable to determine if Cohen is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:COHN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cohen Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:COHN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -2.14
2018-09-30 -0.45
2018-06-30 -0.36
2018-03-31 -0.07
2017-12-31 1.71
2017-09-30 0.62
2017-06-30 1.96
2017-03-31 2.31
2016-12-31 1.86
2016-09-30 -0.45
2016-06-30 -1.59
2016-03-31 -2.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cohen will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of COHN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Cohen's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Cohen's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cohen's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cohen has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COHN Past Performance

  How has Cohen performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cohen's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cohen does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cohen's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cohen's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Cohen's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cohen Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:COHN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 40.81 -2.46 45.47
2018-09-30 37.33 -0.53 41.73
2018-06-30 35.73 -0.43 38.87
2018-03-31 36.15 -0.08 37.69
2017-12-31 41.51 2.06 39.89
2017-09-30 42.94 0.75 41.00
2017-06-30 47.64 2.34 43.42
2017-03-31 50.59 2.74 45.92
2016-12-31 50.58 2.27 46.47
2016-09-30 47.63 -0.57 48.12
2016-06-30 46.44 -2.15 48.96
2016-03-31 43.33 -3.32 47.19
2015-12-31 41.86 -4.08 47.08
2015-09-30 47.13 1.46 48.11
2015-06-30 44.66 0.73 46.78
2015-03-31 47.60 -1.05 48.97
2014-12-31 51.44 -2.59 51.24
2014-09-30 44.17 -9.49 55.96
2014-06-30 51.74 -8.34 63.97
2014-03-31 51.31 -10.92 70.73
2013-12-31 51.98 -13.32 77.22
2013-09-30 65.24 -6.35 80.53
2013-06-30 75.69 -4.23 86.27
2013-03-31 86.96 -1.61 90.86
2012-12-31 91.47 -0.97 93.64
2012-09-30 90.60 -6.28 96.60
2012-06-30 83.03 -12.33 103.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cohen has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cohen has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cohen improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cohen's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cohen has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COHN Health

 How is Cohen's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cohen's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cohen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cohen's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cohen's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cohen Company Filings, last reported 3 months ago.

AMEX:COHN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42.44 5,254.12 5,486.08
2018-09-30 43.22 4,550.00 4,688.04
2018-06-30 44.94 2,500.60 2,611.13
2018-03-31 45.71 2,158.05 2,246.31
2017-12-31 48.16 1,736.46 1,905.80
2017-09-30 47.24 492.05 561.87
2017-06-30 48.23 464.81 554.57
2017-03-31 47.77 357.49 439.36
2016-12-31 46.76 324.97 453.99
2016-09-30 46.63 332.09 428.60
2016-06-30 45.33 395.69 494.86
2016-03-31 44.42 204.55 298.28
2015-12-31 46.18 156.45 236.60
2015-09-30 54.21 157.40 278.18
2015-06-30 55.15 201.18 294.17
2015-03-31 55.65 139.32 267.44
2014-12-31 56.49 129.80 239.77
2014-09-30 53.30 94.24 222.12
2014-06-30 55.58 63.96 163.03
2014-03-31 58.53 94.94 244.97
2013-12-31 61.18 58.42 160.36
2013-09-30 68.14 129.45 202.49
2013-06-30 63.26 129.84 288.64
2013-03-31 70.09 128.37 270.11
2012-12-31 76.62 96.12 260.75
2012-09-30 72.32 178.82 370.73
2012-06-30 77.47 270.79 426.49
  • Cohen's level of debt (12380.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (96.2% vs 12380.7% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Cohen has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Cohen's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cohen has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COHN Dividends

 What is Cohen's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.09%
Current annual income from Cohen dividends.
If you bought $2,000 of Cohen shares you are expected to receive $262 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cohen's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Cohen's dividend is above the markets top 25% of dividend payers in United States of America (3.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:COHN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:COHN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.800 11.696
2019-03-06 0.800 10.185
2018-11-02 0.800 9.266
2018-10-31 0.800 8.133
2018-08-02 0.800 8.071
2018-08-01 0.800 8.266
2018-05-03 0.800 7.447
2018-05-02 0.800 7.523
2018-03-08 0.800 7.495
2018-03-06 0.800 7.401
2017-11-01 0.800 9.071
2017-08-04 0.800 7.371
2017-08-03 0.800 6.957
2017-05-04 0.800 6.728
2017-05-03 0.800 6.640
2017-03-14 0.800 6.785
2016-11-02 0.800 6.511
2016-11-01 0.800 6.768
2016-08-03 0.800 7.109
2016-05-04 0.800 8.943
2016-05-03 0.800 7.381
2016-03-09 0.800 8.446
2016-03-08 0.800 9.938
2015-10-29 0.800 7.066
2015-07-30 0.800 5.720
2015-05-04 0.800 5.683
2015-03-09 0.800 5.215
2015-03-05 0.800 4.859
2014-10-31 0.800 4.861
2014-08-01 0.800 4.012
2014-07-31 0.800 3.653
2014-05-02 0.800 3.720
2014-05-01 0.800 3.748
2014-03-07 0.800 3.794
2014-03-04 0.800 3.544
2013-11-04 0.800 3.364
2013-10-31 0.800 3.362
2013-08-06 0.800 3.526
2013-05-10 0.800 3.417
2013-02-28 0.800 3.161
2012-11-07 0.800 5.614
2012-08-08 0.800 6.930
2012-05-03 0.800 8.357
2012-03-06 0.800 5.940
2011-11-08 2.000 12.284
2011-08-09 2.000 9.312
2011-05-05 2.000 5.942
2011-02-28 2.000 4.334
2010-11-09 2.000 4.358
2010-08-03 2.000 4.239

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cohen has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Cohen has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Cohen's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cohen's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cohen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cohen has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COHN Management

 What is the CEO of Cohen's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lester Brafman
COMPENSATION $1,468,207
AGE 56
TENURE AS CEO 5.6 years
CEO Bio

Mr. Lester Raymond Brafman has served as the Chief Executive Officer of Cohen & Company Inc. and of Cohen & Company, LLC and of IFMI, LLC since September 16, 2013. Mr. Brafman served as the President of Cohen & Company Inc. and of Cohen & Company, LLC from June 3, 2013 until September 16, 2013. Prior to joining the Company and IFMI, LLC, Mr. Brafman served as a Managing Director at Goldman Sachs & Co. from July 2001 until August 2012. During his tenure at Goldman Sachs, Mr. Brafman held various positions including in Leveraged Finance Sales; as Chief Operating Officer of Global Credit and Mortgage Trading; and as Head of High Yield and Distressed Trading. Prior to joining Goldman Sachs, Mr. Brafman served as a Managing Director at Credit Suisse First Boston from July 1994 until October 2000 where, over the course of his employment, he served as Head of High Yield Trading and as Head of Emerging Market and Sovereign Trading. Prior to joining Credit Suisse, Mr. Brafman worked at Wasserstein Perella & Co. from March 1992 until July 1994, and at Lehman Brothers Holdings Inc. from September 1988 until March 1992. Mr. Brafman received a B.A. from Columbia University and an M.B.A. from the Amos Tuck School of Business Administration, Dartmouth College.

CEO Compensation
  • Lester's compensation has been consistent with company performance over the past year.
  • Lester's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cohen management team in years:

9.3
Average Tenure
53
Average Age
  • The average tenure for the Cohen management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lester Brafman

TITLE
Chief Executive Officer
COMPENSATION
$1M
AGE
56
TENURE
5.6 yrs

Joe Pooler

TITLE
Executive VP
COMPENSATION
$788K
AGE
53
TENURE
9.3 yrs

Doug Listman

TITLE
Chief Accounting Officer & Assistant Treasurer
AGE
47
TENURE
9.3 yrs

Rachael Fink

TITLE
Senior VP
TENURE
9.3 yrs

John Butler

TITLE
Managing Director of U.S. Insurance Strategy
TENURE
1.4 yrs

Andrew Davilman

TITLE
Chief Operating Officer of Asset Management
Board of Directors Tenure

Average tenure and age of the Cohen board of directors in years:

12.5
Average Tenure
60
Average Age
  • The average tenure for the Cohen board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Daniel Cohen

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
49
TENURE
12.5 yrs

Jack DiMaio

TITLE
Vice Chairman of the Board
COMPENSATION
$87K
AGE
51
TENURE
1.2 yrs

Jack Haraburda

TITLE
Independent Director
COMPENSATION
$91K
AGE
79
TENURE
12.5 yrs

Steve Dawson

TITLE
Independent Director
COMPENSATION
$91K
AGE
61
TENURE
14.3 yrs

Diana Liberto

TITLE
Independent Director
COMPENSATION
$87K
AGE
60
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Cohen's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cohen has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COHN News

Simply Wall St News

What Did Cohen & Company Inc's (NYSEMKT:COHN) CEO Take Home Last Year?

Lester Brafman took the helm as Cohen & Company Inc's (NYSEMKT:COHN) CEO and grew market cap to US$12.99m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

3 Days Left Before Cohen & Company Inc (NYSEMKT:COHN) Will Start Trading Ex-Dividend, Is It Worth Buying?

See our latest analysis for Cohen 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … But if you are not exclusively a dividend investor, the stock could still be an interesting investment opportunity. … Given that this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you.

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Is Cohen & Company Inc (NYSEMKT:COHN) A Smart Pick For Income Investors?

See our latest analysis for Cohen 5 checks you should use to assess a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … If dividend is a key criteria in your investment consideration, then you need to make sure the dividend stock you're eyeing out is reliable in its payments. … However, if you are not strictly just a dividend investor, the stock could still offer some interesting investment opportunities.

Simply Wall St -

Cohen & Company Inc (NYSEMKT:COHN): Does The -8.96% Earnings Drop Reflect A Longer Term Trend?

Assessing Cohen & Company Inc's (AMEX:COHN) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Cohen is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its capital markets industry peers. … I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data.

Simply Wall St -

Is It Time To Buy Cohen & Company Inc (NYSEMKT:COHN) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for COHN Price per share = $10.13 Earnings per share = $1.71 ∴ Price-Earnings Ratio = $10.13 ÷ $1.71 = 5.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared lower risk firms with COHN, then investors would naturally value COHN at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with COHN, investors would also value COHN at a lower price since it is a lower growth investment.

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Why Cohen & Company Inc's (NYSEMKT:COHN) ROE Of 2.68% Does Not Tell The Whole Story

Check out our latest analysis for Cohen Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Cohen’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AMEX:COHN Last Perf Feb 2nd 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Is It Time To Buy Cohen & Company Inc (NYSEMKT:COHN) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for COHN Price per share = $7.99 Earnings per share = $0.622 ∴ Price-Earnings Ratio = $7.99 ÷ $0.622 = 12.8x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared higher growth firms with COHN, then COHN’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with COHN, COHN’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

Future Outlook Of The Financial Industry And Cohen & Company Inc (COHN)

Given the lack of analyst consensus in COHN’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers. … AMEX:COHN PE PEG Gauge Dec 8th 17 The capital markets industry is trading at a PE ratio of 16x, in-line with the US stock market PE of 19x. … On the stock-level, COHN is trading at a PE ratio of 12x, which is relatively in-line with the average capital markets stock.

Simply Wall St -

How Much Did Cohen & Company Inc's (COHN) CEO Pocket Last Year?

Over the last year COHN released an earnings of $1M , moving COHN from negative territory of -$1M in the prior year to profitability. … Given earnings are moving the right way, CEO pay should echo Brafman's hard work. … Although remuneration can be a useful gauge of whether Brafman's incentives are well-aligned with COHN's shareholders, it is certainly not sufficient to base your investment decision solely on this factor.

Simply Wall St -

Why Cohen & Company Inc's (COHN) ROE Of 7.58% Does Not Tell The Whole Story

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AMEX:COHN Last Perf Oct 31st 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient COHN is with its cost management.

Simply Wall St -

COHN Company Info

Description

Cohen & Company Inc. is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc. also manages funds and collateralized debt obligations for its clients. It invests in the fixed income and alternative investment markets across the globe. The firm’s fixed income investments include U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage backed securities, and asset backed securities. The firm was formerly known as Institutional Financial Markets, Inc. Cohen & Company Inc. was founded in 1999 and is based in Philadelphia, Pennsylvania with additional offices in New York City; Boca Raton, Florida; Chicago, Illinois; Bethesda, Maryland; Boston, Massachusetts; Paris, France; and London, United Kingdom.

Details
Name: Cohen & Company Inc.
COHN
Exchange: AMEX
Founded: 1999
$10,100,340
$6,868,525
1,656,554
Website: http://www.ifmi.com
Address: Cohen & Company Inc.
Cira Center,
Suite 1703,
Philadelphia,
Pennsylvania, 19104,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX COHN Common Stock NYSE MKT LLC US USD 17. Dec 2009
Number of employees
Current staff
Staff numbers
88
Cohen employees.
Industry
Diversified Capital Markets
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 02:35
End of day share price update: 2019/04/25 00:00
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.