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 $5.1B against $3.8B — 1.4× the size. Cohen & Steers Inc trades at the lower P/E: 22.4× against 60.4×. HA Sustainable Infrastructure Capital, Inc. grew revenue faster over the last twelve months: 26.5% against 8.60%. Cohen & Steers Inc has the higher net margin (28.2% vs 18.6%) and the lower return on invested capital (0.00% vs 2.39%). Both pay a dividend; HA Sustainable Infrastructure Capital, Inc. yields more (4.25% vs 3.58%). Across the 20 metrics below, Cohen & Steers Inc leads on 10 and HA Sustainable Infrastructure Capital, Inc. on 10.

Valuation

Metric CNS HASI Asset Management median
P/E 22.38 60.39 13.38
P/S 6.31 11.01 2.99
P/B 5.56 1.92 0.91
Price to free cash flow 105.86 15.71 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.47% 1.66% 4.67%
Free cash flow yield 0.94% 6.36% 4.85%

Profitability

Metric CNS HASI Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 32.40% 68.65% 27.27%
Net margin 28.16% 18.61% 11.89%
Free cash flow margin 5.96% 45.05% 5.96%
Return on equity 27.10% 3.29% 4.57%
Return on assets 38.10% 1.04% 1.40%
Return on invested capital 0.00% 2.39% 2.12%

Growth

Metric CNS HASI Asset Management median
Revenue growth (TTM) 8.60% 26.51% 7.26%
EPS growth (last fiscal year) 0.00% (12.96%) (5.64%)
Revenue growth, 5-year CAGR 5.40% 16.47% 11.84%
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 0.40
Current ratio 9.19 8.89 1.23
Net debt to EBITDA (2.97) 17.91 1.06

Dividend

Metric CNS HASI Asset Management median
Dividend yield 3.58% 4.25% 6.43%
Payout ratio 0.81 3.20 0.91

Size

Metric CNS HASI Asset Management median
Market cap 3.77b 5.10b 692.54m

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