Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Cowen Inc. (COWN)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$20.16 - $31.62$25.42
Multi-Stage$48.75 - $53.72$51.19
Blended Fair Value$38.30
Current Price$38.62
Upside-0.82%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS0.00%0.00%0.690.570.390.000.000.000.000.000.000.00
YoY Growth--20.80%45.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.79%2.11%1.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)65.86
(-) Cash Dividends Paid (M)21.94
(=) Cash Retained (M)43.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.178.234.94
Cash Retained (M)43.9143.9143.91
(-) Cash Required (M)-13.17-8.23-4.94
(=) Excess Retained (M)30.7435.6838.97
(/) Shares Outstanding (M)31.7431.7431.74
(=) Excess Retained per Share0.971.121.23
LTM Dividend per Share0.690.690.69
(+) Excess Retained per Share0.971.121.23
(=) Adjusted Dividend1.661.821.92
WACC / Discount Rate6.07%6.07%6.07%
Growth Rate-2.00%-1.00%0.00%
Fair Value$20.16$25.42$31.62
Upside / Downside-47.81%-34.18%-18.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)65.8665.2064.5463.9063.2662.6364.51
Payout Ratio33.32%44.66%55.99%67.33%78.66%90.00%92.50%
Projected Dividends (M)21.9429.1236.1443.0249.7656.3659.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.07%6.07%6.07%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)27.1727.4527.73
Year 2 PV (M)31.4832.1232.77
Year 3 PV (M)34.9736.0537.15
Year 4 PV (M)37.7539.3140.93
Year 5 PV (M)39.9041.9844.14
PV of Terminal Value (M)1,376.181,447.841,522.46
Equity Value (M)1,547.451,624.761,705.18
Shares Outstanding (M)31.7431.7431.74
Fair Value$48.75$51.19$53.72
Upside / Downside26.23%32.54%39.10%

High-Yield Dividend Screener

« Prev Page 117 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300953.SZNingbo Zhenyu Technology Co., Ltd.0.44%$0.7526.39%
301629.SZSidea Semiconductor Eqpmnt Shnzhn Co Ltd0.44%$0.9676.62%
301658.SZShenzhen SOFARSOLAR Co Ltd0.44%$0.1333.30%
600103.SSFujian Qingshan Paper Industry Co.,Ltd.0.44%$0.0264.49%
603053.SSChengdu Gas Group Corporation Ltd.0.44%$0.047.67%
688600.SSAnHui Wanyi Science and Technology Co., Ltd.0.44%$0.1119.32%
688626.SSXiangyu Medical Co.,Ltd0.44%$0.2756.22%
688639.SSAnhui Huaheng Biotechnology Co., Ltd.0.44%$0.1418.91%
AMBU-B.COAmbu A/S0.44%$0.3828.41%
BPII.JKPT Batavia Prosperindo Internasional Tbk0.44%$2.2217.32%
FCP.LSFutebol Clube do Porto - Futebol, S.A.D.0.44%$0.022.05%
KBHL.COKøbenhavns Lufthavne A/S0.44%$29.7620.97%
MPARK.ISMLP Saglik Hizmetleri A.S.0.44%$1.676.39%
002016.SZGuangdong Shirongzhaoye Co., Ltd.0.43%$0.0314.72%
002209.SZGuangzhou Tech-Long Packaging Machinery Co.,Ltd.0.43%$0.0710.41%
002284.SZZhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd0.43%$0.0612.25%
041510.KQSM Entertainment Co., Ltd.0.43%$563.024.16%
047810.KSKorea Aerospace Industries, Ltd.0.43%$499.4835.55%
0NZY.LEckert & Ziegler Strahlen- und Medizintechnik AG0.43%$0.1726.23%
2418.HKDeewin Tianxia Co., Ltd0.43%$0.0468.23%
300341.SZMotic (Xiamen) Electric Group Co.,Ltd0.43%$0.0719.78%
300430.SZBeijing Chieftain Control Engineering Technology Co., Ltd.0.43%$0.0834.35%
300748.SZJL Mag Rare-Earth Co., Ltd.0.43%$0.1532.76%
300768.SZHangzhou DPtech Technologies Co.,Ltd.0.43%$0.0831.33%
300952.SZJiangsu Hanvo Safety Product Co., Ltd.0.43%$0.1730.16%
600570.SSHundsun Technologies Inc.0.43%$0.1323.49%
600644.SSLeshan Electric Power Co.,Ltd0.43%$0.0489.82%
600838.SSShanghai Join Buy Co.,Ltd.0.43%$0.0544.04%
601816.SSBeijing-Shanghai High-Speed Railway Co.,Ltd.0.43%$0.028.25%
603888.SSXinhuanet Co., Ltd.0.43%$0.0819.84%
603901.SSHangzhou Youngsun Intelligent Equipment Co., Ltd.0.43%$0.0643.84%
605208.SSShanghai Yongmaotai Automotive Technology Co., Ltd.0.43%$0.0637.04%
605288.SSChangZhou KAIDI Electrical Inc.0.43%$0.3961.87%
605298.SSJiangsu Bide Science and Technology Co., Ltd.0.43%$0.1740.89%
688398.SSFujian Supertech Advanced Material Co., Ltd.0.43%$0.0732.93%
688722.SSBeijing Tongyizhong New Material Technology Corporation0.43%$0.0813.41%
9545.SRInternational Human Resources Company0.43%$0.038.72%
CARERATING.BOCARE Ratings Limited0.43%$7.3214.43%
PTNMPitanium Limited0.43%$0.0439.07%
RRU.DERolls-Royce Holdings plc0.43%$0.066.75%
SUBC.OLSubsea 7 S.A.0.43%$0.8991.98%
TRGYO.ISTorunlar Gayrimenkul Yatirim Ortakligi AS0.43%$0.321.96%
000713.SZSDIC Fengle Seed Co., Ltd.0.42%$0.0333.87%
000948.SZYunnan Nantian Electronics Information Co.,Ltd.0.42%$0.0860.66%
002259.SZSichuan Shengda Forestry Industry Co., Ltd0.42%$0.0223.17%
002344.SZHaining China Leather Market Co.,Ltd0.42%$0.0233.20%
002399.SZShenzhen Hepalink Pharmaceutical Group Co., Ltd.0.42%$0.0517.39%
002670.SZGuosheng Securities Inc0.42%$0.0741.55%
003160.KSD.I Corporation0.42%$100.2218.13%
237690.KQST Pharm Co.,Ltd.0.42%$486.8627.31%