Cowen Inc. / Fundamentals

    Income statement

    Net revenue
    €1.33B
    Cost of goods sold
    €1.03B
    Gross profit
    €292.96M
    SG&A expenses
    €127.74M
    R&D expenses
    €0.00
    EBITDA
    €81.00M
    D&A
    €23.93M
    EBIT
    €195.34M
    Interest expenses
    €152.51M
    EBT
    €66.14M
    Tax expenses
    €9.31M
    Net income
    €56.84M

    Cash flow statement

    Net deferred tax
    -€25.07M
    Non-cash items
    €89.70M
    Changes in working capital
    -€49.32M
    Operating cash flow
    €148.09M
    Capex
    €10.82M
    Other investing cash flow
    €161.92M
    Net investing cash flow
    €151.22M
    Total cash dividends paid
    -€18.94M
    Issuance of common stock
    €1.62M
    Debt repayment
    €0.00
    Other financing cash flow
    -€28.88M
    Net financing cash flow
    -€47.82M
    Foreign exchange effects
    €0.00
    Net change in cash
    €251.49M
    Cash at end of period
    €1.25B
    Free cash flow
    €158.91M

    Balance sheet

    Cash and cash equivalents
    €983.59M
    Cash and short-term investments
    €983.59M
    Total receivables
    €2.43B
    Inventory
    €0.00
    Other current assets
    €368.93M
    Total current assets
    €3.78B
    Property, plant & equipment
    €88.01M
    Goodwill
    €201.95M
    Intangible assets
    €27.04M
    Long-term investments
    €3.45B
    Other non-current assets
    €26.15M
    Total non-current assets
    €3.83B
    Total assets
    €7.62B
    Accounts payable
    €145.95M
    Short-term debt
    €114.90M
    Other current liabilities
    €3.49B
    Total current liabilities
    €3.77B
    Long-term debt
    €1.64B
    Deferred tax liabilities
    €0.00
    Other non-current liabilities
    €1.04B
    Total non-current liabilities
    €2.68B
    Total liabilities
    €6.46B
    Common stock
    €288.25K
    Retained earnings
    €444.80M
    Other equity
    €863.04
    Total equity
    €1.16B
    Total liabilities and shareholders' equity
    €7.62B

    Company information

    Market capitalization
    €937.55M
    Employees
    1.5K
    Enterprise Value
    €2.00B

    Company ratios

    Gross margin
    22.1% Much worse than peer group: 70.3%
    EBITDA margin
    6.1% Much worse than peer group: 29.5%
    EBIT margin
    14.7% Worse than peer group: 29.6%
    EBT margin
    5.0% Worse than peer group: 25.0%
    Net margin
    4.3% Worse than peer group: 17.0%
    ROE
    4.9% Even with peer group: 5.8%
    ROA
    0.7% Even with peer group: 1.7%
    Asset turnover
    17.4% Better than peer group: 11.3%
    FCF margin
    10.3% Worse than peer group: 26.1%
    FCF yield
    14.6%
    Efficiency ratio
    93.9%
    Net sales per employee
    €865.13K
    Net income per employee
    €37.05K

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