Cohen & Steers Inc (CNS) vs Hamilton Lane Inc. (HLNE)

Cohen & Steers Inc and Hamilton Lane Inc. are both Asset Management companies. Hamilton Lane Inc. is the larger, with a market value of $5.0B against $3.8B — 1.3× the size. Hamilton Lane Inc. trades at the lower P/E: 10.6× against 22.4×. Hamilton Lane Inc. grew revenue faster over the last twelve months: 18.9% against 8.60%. Hamilton Lane Inc. has the higher net margin (32.4% vs 28.2%) and the higher return on invested capital (12.9% vs 0.00%). Both pay a dividend; Cohen & Steers Inc yields more (3.58% vs 2.52%). Across the 20 metrics below, Hamilton Lane Inc. leads on 14 and Cohen & Steers Inc on 6.

Valuation

Metric CNS HLNE Asset Management median
P/E 22.38 10.58 13.38
P/S 6.31 4.27 2.99
P/B 5.56 1.93 0.91
Price to free cash flow 105.86 45.88 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.47% 9.45% 4.67%
Free cash flow yield 0.94% 2.18% 4.85%

Profitability

Metric CNS HLNE Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 32.40% 43.70% 27.27%
Net margin 28.16% 32.40% 11.89%
Free cash flow margin 5.96% 31.18% 5.96%
Return on equity 27.10% 18.31% 4.57%
Return on assets 38.10% 11.98% 1.40%
Return on invested capital 0.00% 12.88% 2.12%

Growth

Metric CNS HLNE Asset Management median
Revenue growth (TTM) 8.60% 18.94% 7.26%
EPS growth (last fiscal year) 0.00% 9.43% (5.64%)
Revenue growth, 5-year CAGR 5.40% 17.31% 11.84%
Net income growth, 5-year CAGR 14.88% 20.51% 0.00%

Health

Metric CNS HLNE Asset Management median
Debt to equity 0.00 0.14 0.40
Current ratio 9.19 3.37 1.23
Net debt to EBITDA (2.97) (0.28) 1.06

Dividend

Metric CNS HLNE Asset Management median
Dividend yield 3.58% 2.52% 6.43%
Payout ratio 0.81 0.30 0.91

Size

Metric CNS HLNE Asset Management median
Market cap 3.77b 5.03b 692.54m

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