CNS Intrinsic Value Calculator – COHEN & STEERS Reports Second Quarter Earnings for FY2023
July 26, 2023
🌥️Earnings Overview
COHEN & STEERS ($NYSE:CNS) announced their earnings for the second quarter of FY2023, ending on June 30 2023; with a total revenue of USD 121.0 million, a decrease of 17.9% year-on-year, and a net income of USD 31.8 million, representing a 38.8% decline from the same period in the prior year.
Stock Price
The company’s stock opened the day at $65.1 and closed at $65.9, a rise of 1.6% from the previous closing price of $64.9. This marks a considerable increase in the company’s performance, showing a strong outlook for the rest of the year. COHEN & STEERS’ success is likely due to its diverse portfolio of investments, which includes stocks, bonds, and real estate investments. The company has also recently launched a new product focused on global investments in Europe, Asia, and Latin America.
With the company’s strategy of diversification, investors can look forward to more reliable returns in the coming quarters. With continued focus on diversification and new product launches, investors can expect to see more positive results in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CNS. More…
| Total Revenues | Net Income | Net Margin |
| 512.05 | 144.16 | 29.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CNS. More…
| Operations | Investing | Financing |
| 153.16 | -2.86 | 8.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CNS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 623.4 | 193.81 | 6.86 |
Key Ratios Snapshot
Some of the financial key ratios for CNS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.3% | 8.1% | 37.1% |
| FCF Margin | ROE | ROA |
| 28.3% | 35.2% | 19.0% |
Analysis – CNS Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of the fundamentals of COHEN & STEERS. We used our proprietary Valuation Line to calculate the intrinsic value of COHEN & STEERS share, and found it to be around $71.2. However, COHEN & STEERS stock is currently being traded at $65.9, meaning it is undervalued by 7.5%. This presents a great opportunity for investors to take advantage of this mispricing and purchase COHEN & STEERS at a favorable price. More…
Peers
The company’s investment philosophy is based on the premise that real estate and income-producing securities are an attractive investment class with unique risk and return characteristics. Cohen & Steers seeks to provide its clients with superior risk-adjusted returns by investing in high-quality real estate and income-producing securities across the globe. The company’s investment products include mutual funds, closed-end funds, institutional separate accounts, and unit investment trusts. Cohen & Steers is headquartered in New York, New York. GAMCO Investors, Inc. is a publicly traded investment management company with over four decades of experience managing portfolios for high net worth individuals, families, and institutions. The company’s investment philosophy is based on the premise that value investing is the key to long-term success in the stock market. GAMCO seeks to provide its clients with superior returns by investing in undervalued companies with significant upside potential. The company’s investment products include mutual funds, closed-end funds, institutional separate accounts, and private investment partnerships. GAMCO is headquartered in Rye, New York. Canadian High Income Equity Fund is a publicly traded closed-end fund that invests primarily in Canadian high yield bonds and preferred shares. The fund’s investment objective is to provide its shareholders with a high level of monthly income. Canadian High Income Equity Fund is managed by CI Investments Inc., a leading asset management company with over three decades of experience managing portfolios for high net worth individuals, families, and institutions. CI Investments is headquartered in Toronto, Canada. Demetra Holdings PLC is a publicly traded holding company that invests in a diversified portfolio of companies operating in the real estate, financial services, and healthcare industries. Demetra Holdings’ investment philosophy is based on the premise that long-term success in the stock market is achieved by investing in high-quality companies with strong fundamentals and attractive valuations. Demetra Holdings is headquartered in London, England.
– GAMCO Investors Inc ($NYSE:GBL)
The company has a market cap of 8.66M as of 2022. The company is engaged in the business of providing equity financing to Canadian companies. The company also provides venture capital financing to Canadian companies.
Summary
COHEN & STEERS reported second quarter financial results for FY2023, with total revenue of USD 121.0 million, a decrease of 17.9% year-over-year. Net income for the quarter decreased by 38.8% compared to the prior year, amounting to USD 31.8 million. This provides investors with further insight into company performance and prospects for the future. As such, it is important for investors to consider potential risks associated with the stock when making an investment decision.
Additionally, investors should have a clear understanding of how COHEN & STEERS’ performance compares to that of other companies in the industry.
