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.
COHN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Cohen & Co Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Cohen & Co Inc ranked in the 99th percentile in terms of potential gain offered. As the table below shows, the model suggests the stock is dramatically undervalued -- investors should note, though, that such returns are always unlikely and not to be expected. The most interesting components of our discounted cash flow analysis for Cohen & Co Inc ended up being:
The company's debt burden, as measured by earnings divided by interest payments, is 1 -- which is good for besting merely 24.48% of its peer stocks (US stocks in the Financial Services sector with positive cash flow).
1% of the company's capital comes from equity, which is greater than just 0.82% of stocks in our cash flow based forecasting set.
Cohen & Co Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
FRHC, IBN, QIWI, CGBD, and AEG can be thought of as valuation peers to COHN, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
PHILADELPHIA, PA, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) and INSU Acquisition Corp. III (NASDAQ:IIIIU) today announced that INSU Acquisition Corp. III (the “Company”), a blank-check company sponsored by Cohen & Company and formed for the purpose of acquiring or merging with one or more businesses or entities in the insurance industry, completed its initial public offering of 25,000,000 units at a price of $10.00 per unit, which includes 3,200,000 units issued pursuant to the exercise of the underwriters’ over-allotment option, for gross proceeds to the Company of $250,000,000. The Company's units began trading on the Nasdaq Capital Market under the symbol "IIIIU" on December 18, 2020. Each unit issued in the offering consists of one share of the Com...
Moody's Investors Service, ("Moody's") today assigned a Ba3 corporate family rating and Ba3-PD probability of default rating to C&S Group Enterprises LLC ("C&S"). Moody's also assigned a B2 rating to the company's proposed new senior unsecured notes. "Although the loss of Ahold revenue will be in increments through 2024, it will ultimately lower EBITDA significantly", Moody's Vice President Mickey Chadha stated.
Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). Under the deal, INSU II will combine with Metromile for approximately $842 million in INSU II Class A common stock, up to $30 million in cash […]