Cohn Steers Beneish M Score

CNS -  USA Stock  

USD 72.47  0.53  0.74%

This module uses fundamental data of Cohn Steers to approximate the value of its Beneish M Score. Cohn Steers M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Continue to Cohn Steers Piotroski F Score and Cohn Steers Altman Z Score analysis.
  
Refresh
Cohn Steers Total Debt is relatively stable at the moment as compared to the past year. Cohn Steers reported last year Total Debt of 24.52 Million. As of 05/22/2022, Debt Non Current is likely to grow to about 1.5 M, while Debt Current is likely to drop slightly above 121 K. Cohn Steers Current Ratio is relatively stable at the moment as compared to the past year. Cohn Steers reported last year Current Ratio of 4.27. As of 05/22/2022, Dividend Yield is likely to grow to 0.0395, while Receivables Turnover is likely to drop 5.56.
At this time, it appears that Cohn Steers is an unlikely manipulator. The earnings manipulation may begin if Cohn Steers' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Cohn Steers executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Cohn Steers' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-3.15
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.03Focus
Asset Quality0.74Focus
Expense Coverage1.05Focus
Gross Margin Strengs0.94Focus
Accruals Factor1.05Focus
Depreciation Resistance1.07Focus
Net Sales Growth0.89Focus
Financial Leverage Condition0.98Focus

Cohn Steers Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Cohn Steers' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Revenues517 M583.8 M
Fairly Down
Increasing
Slightly volatile
Selling General and Administrative Expense225.5 M243.5 M
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations262.1 M242.9 M
Significantly Up
Increasing
Slightly volatile
Depreciation Amortization and Accretion14.2 M16 M
Fairly Down
Increasing
Slightly volatile
Total Assets467.4 M492.7 M
Notably Down
Increasing
Slightly volatile
Investments145.9 M154.7 M
Notably Down
Increasing
Slightly volatile
Investments Current73.5 M90.2 M
Significantly Down
Increasing
Slightly volatile
Investments Non CurrentM4.7 M
Significantly Up
Increasing
Slightly volatile
Property Plant and Equipment Net30.4 M30.9 M
Fairly Down
Increasing
Slightly volatile
Trade and Non Trade Receivables80.2 M87.7 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities130.2 M148.4 M
Fairly Down
Increasing
Slightly volatile
Current Assets246.7 M243.9 M
Fairly Up
Increasing
Slightly volatile
Assets Non Current42.4 M50.8 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities56.7 M65.7 M
Fairly Down
Increasing
Slightly volatile
Liabilities Non Current1.5 M1.5 M
Fairly Up
Decreasing
Slightly volatile
Total Debt30.4 M24.5 M
Fairly Up
Increasing
Stable
Debt Current121 K121.5 K
Slightly Down
Decreasing
Slightly volatile
Debt Non Current1.5 M1.4 M
Fairly Up
Decreasing
Slightly volatile
Operating Income215.8 M260.4 M
Significantly Down
Increasing
Slightly volatile
Gross Margin0.820.87
Notably Down
Decreasing
Slightly volatile

Cohn Steers Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Cohn Steers' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Cohn Steers in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Cohn Steers' degree of accounting gimmicks and manipulations.

About Cohn Steers Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Operating Expenses

230.69 Million

Share
Cohn Steers Operating Expenses is relatively stable at the moment as compared to the past year. Cohn Steers reported last year Operating Expenses of 247.57 Million

Cohn Steers Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Cohn Steers. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201720182019202020212022 (projected)
Revenues378.7 M381.11 M410.83 M427.54 M583.83 M517 M
Total Assets410.12 M481.04 M402.42 M348.45 M492.69 M467.36 M
Current Assets361.84 M382.29 M317.41 M271.01 M243.91 M246.73 M
Total Liabilities86.79 M144.2 M135.3 M123.55 M148.36 M130.15 M
Current Liabilities70.78 M75.96 M77.98 M72.98 M65.68 M56.7 M
Operating Income154.75 M147.04 M160.13 M95.06 M260.37 M215.79 M
Investments108.11 M224.93 M155.21 M154.98 M154.65 M145.86 M

About Cohn Steers Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Cohn Steers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cohn Steers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cohn Steers based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Cohen Steers, Inc. is a publicly owned asset management holding company. Cohen Steers, Inc. was founded in 1986 and is based in New York, with additional offices in London, United Kingdom Central, Hong Kong Tokyo, Japan and Seattle, Washington. Cohn Steers operates under Asset Management classification in the United States and is traded on New York Stock Exchange. It employs 354 people.

Cohn Steers Investors Sentiment

The influence of Cohn Steers' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cohn Steers. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Cohn Steers Implied Volatility

    
  28.62  
Cohn Steers' implied volatility exposes the market's sentiment of Cohn Steers stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cohn Steers' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cohn Steers stock will not fluctuate a lot when Cohn Steers' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cohn Steers in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cohn Steers' short interest history, or implied volatility extrapolated from Cohn Steers options trading.

Current Sentiment - CNS

Cohn Steers Investor Sentiment

Greater number of Macroaxis users are currently bullish on Cohn Steers. What is your opinion about investing in Cohn Steers? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
Skip

Pair Trading with Cohn Steers

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cohn Steers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cohn Steers will appreciate offsetting losses from the drop in the long position's value.

Cohn Steers Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Cohn Steers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohn Steers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cohn Steers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cohn Steers to buy it.
The correlation of Cohn Steers is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cohn Steers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cohn Steers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cohn Steers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Cohn Steers Piotroski F Score and Cohn Steers Altman Z Score analysis. Note that the Cohn Steers information on this page should be used as a complementary analysis to other Cohn Steers' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Cohn Steers Stock analysis

When running Cohn Steers price analysis, check to measure Cohn Steers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cohn Steers is operating at the current time. Most of Cohn Steers' value examination focuses on studying past and present price action to predict the probability of Cohn Steers' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cohn Steers' price. Additionally, you may evaluate how the addition of Cohn Steers to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Is Cohn Steers' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cohn Steers. If investors know Cohn Steers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cohn Steers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cohn Steers is measured differently than its book value, which is the value of Cohn Steers that is recorded on the company's balance sheet. Investors also form their own opinion of Cohn Steers' value that differs from its market value or its book value, called intrinsic value, which is Cohn Steers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cohn Steers' market value can be influenced by many factors that don't directly affect Cohn Steers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cohn Steers' value and its price as these two are different measures arrived at by different means. Investors typically determine Cohn Steers value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cohn Steers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.