Cohen & Steers Inc (CNS) vs HA Sustainable Infrastructure Capital, Inc. (HASI)

Cohen & Steers Inc and HA Sustainable Infrastructure Capital, Inc. are both Asset Management companies. HA Sustainable Infrastructure Capital, Inc. is the larger, with a market value of $4.7B against $3.9B — 1.2× the size. Cohen & Steers Inc trades at the lower P/E: 22.7× against 55.1×. HA Sustainable Infrastructure Capital, Inc. grew revenue faster over the last twelve months: 26.5% against 7.42%. Cohen & Steers Inc has the higher net margin (28.8% vs 18.6%) and the higher return on invested capital (285.4% vs 2.39%). Both pay a dividend; HA Sustainable Infrastructure Capital, Inc. yields more (6.73% vs 3.43%). Across the 22 metrics below, Cohen & Steers Inc leads on 13 and HA Sustainable Infrastructure Capital, Inc. on 9.

Valuation

Metric CNS HASI Asset Management median
P/E 22.69 55.11 14.62
P/S 6.55 10.04 2.97
P/B 5.85 1.75 0.94
Price to free cash flow 55.94 14.34 8.93
EV/EBITDA 16.00 30.90 10.32
EV/Sales 5.75 22.25 5.72
Earnings yield 4.41% 1.81% 4.53%
Free cash flow yield 1.79% 6.98% 4.65%

Profitability

Metric CNS HASI Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 32.90% 68.65% 33.03%
Net margin 28.82% 18.61% 13.53%
Free cash flow margin 11.71% 45.05% 12.44%
Return on equity 28.16% 3.29% 4.83%
Return on assets 20.38% 1.04% 1.57%
Return on invested capital 285.43% 2.39% 3.04%

Growth

Metric CNS HASI Asset Management median
Revenue growth (TTM) 7.42% 26.51% 6.97%
EPS growth (last fiscal year) 0.00% (12.96%) —
Revenue growth, 5-year CAGR 5.40% 16.47% 12.13%
Net income growth, 5-year CAGR 14.88% 17.49% 0.00%

Health

Metric CNS HASI Asset Management median
Debt to equity 0.00 2.23 0.42
Current ratio 12.46 8.89 1.28
Net debt to EBITDA (2.97) 17.91 1.06

Dividend

Metric CNS HASI Asset Management median
Dividend yield 3.43% 6.73% 6.92%
Payout ratio 0.77 2.80 0.77

Size

Metric CNS HASI Asset Management median
Market cap 3.86b 4.66b 721.34m

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