Cohen & (COHN)

Wednesday

2:07 PM

ThesisThe firm is experiencing strong demand for its advisory services and asset management, driven by favorable market conditions and increased M&A activity.

Revenue Outlook

Metric	FY2025	FY2026E	FY2027E
Revenue	$278M	$180M	$181M
Rev. Growth	+250%	-35.3%	+0.4%
EPS	$8.33	$1.90	$1.85
EPS Growth	+10526%	-77.2%	-2.6%
P/E (fwd)	1.3×	5.9×	6.1×

★ Analysts see FY2027 revenue reaching $181M — +0.4% growth in a single year.

What’s Driving the Stock

01Cohen & Company has secured a $200 million advisory mandate for a major merger in the tech sector, expected to close in Q3 2026.
02The firm has reported a 50% increase in assets under management over the past year, indicating strong demand for its investment strategies.
03New regulatory changes may streamline M&A processes, potentially increasing deal flow for the firm.
04Recent volatility in equity markets has led to increased trading volumes, benefiting the firm's brokerage services.
05Increased M&A activity in the tech sector
06Growth in alternative investment strategies
07Changes in M&A activity levels, particularly in the mid-cap sector
08Fluctuations in asset management inflows and outflows

FY2025 Snapshot

Revenue: $278M
Rev. Growth: +250%
Gross Margin: 93.8%
Op. Margin: 22.3%
Net Margin: 5.2%
Net Income: $14M
NI Growth: +11287%
EPS: $8.33
1Y Return: +8.3%

My Notes

"Management noted, 'We are positioned to capitalize on the growing demand for mid-cap advisory services in a robust economic environment.'"
Moat: Cohen & Company has a moderate moat due to its specialized focus on mid-cap markets…
growth - The significant revenue and net income growth rates attract growth-focused investors.
Rising interest rates can enhance the firm's net interest margins but may also dampen M&A activity…
Watch on earnings: M&A activity levels in the mid-cap sector, Asset management inflows, Interest rate trends (e.g., FEDFUNDS).

One Sentence Summary:

The bull case is simple: analysts see revenue climbing from $180M to $181M as cohen & company has secured a $200 million advisory mandate for a major merger in the tech sector.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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