Cohen & Steers Inc (CNS) vs Federated Hermes, Inc. (FHI)

Cohen & Steers Inc and Federated Hermes, Inc. are both Asset Management companies. Federated Hermes, Inc. is the larger, with a market value of $4.2B against $3.6B — 1.2× the size. Federated Hermes, Inc. trades at the lower P/E: 10.4× against 21.3×. Federated Hermes, Inc. grew revenue faster over the last twelve months: 15.0% against 7.42%. Cohen & Steers Inc has the higher net margin (28.8% vs 20.3%) and the higher return on invested capital (285.4% vs 25.2%). Both pay a dividend; Cohen & Steers Inc yields more (3.78% vs 2.58%). Across the 20 metrics below, Cohen & Steers Inc leads on 10 and Federated Hermes, Inc. on 10.

Valuation

Metric CNS FHI Asset Management median
P/E 21.29 10.38 13.99
P/S 6.15 2.08 2.76
P/B 5.49 3.21 0.85
Price to free cash flow 52.49 10.95 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.70% 9.63% 4.72%
Free cash flow yield 1.91% 9.13% 4.44%

Profitability

Metric CNS FHI Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 32.90% 27.11% 33.42%
Net margin 28.82% 20.33% 13.37%
Free cash flow margin 11.71% 18.97% 12.36%
Return on equity 28.16% 33.23% 4.79%
Return on assets 20.38% 17.55% 1.55%
Return on invested capital 285.43% 25.21% 2.97%

Growth

Metric CNS FHI Asset Management median
Revenue growth (TTM) 7.42% 15.02% 7.42%
EPS growth (last fiscal year) 0.00% 58.82% (6.67%)
Revenue growth, 5-year CAGR 5.40% 4.45% 12.51%
Net income growth, 5-year CAGR 14.88% 4.34% 0.00%

Health

Metric CNS FHI Asset Management median
Debt to equity 0.00 0.28 0.44
Current ratio 12.46 2.59 1.30
Net debt to EBITDA (2.97) (0.44) 1.02

Dividend

Metric CNS FHI Asset Management median
Dividend yield 3.78% 2.58% 6.60%
Payout ratio 0.81 0.27 0.94

Size

Metric CNS FHI Asset Management median
Market cap 3.55b 4.22b 694.86m

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