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Institutional accumulation: ownership increased +1.67% quarter-over-quarter.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $11.38 today, the market must believe free cash flow compounds -60.0%/yr for a decade (off $17M normalized FCF).
The market's -60.0% is more conservative than its 5-yr track record.
2-stage DCF · 0.00B shares · net debt -$24M
mean -26.6% · volatility σ 230% · implied rate exceeded in 2/3 yrs
Central path = implied -60.0%/yr growth; shaded band = ±1σ (230%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Top 13 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 878 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BSAC | $6.64T | — | — | — | — | — | — | — | — | — | 141 |
| V | $688.1B | — | — | 17.2× | 11.3% | — | 50.1% | 52.9% | 34.9% | — | 4,229 |
| MA | $516.3B | 34.5× | — | 15.7× | 16.4% | — | 45.6% | 193% | 57.6% | — | 3,430 |
| HBCYF | $346.1B | — | — | — | — | — | — | — | — | — | 2 |
| AXP | $239.4B | 22.7× | — | 5.8× | 6.4% | — | 26.2% | 32.4% | 11.9% | — | 2,787 |
| MBFJF | $239.1B | 0.1× | 0.1× | 0.0× | 9.5% | — | 14.6% | 8.8% | 8.8% | — | 1 |
| USOI | $195.8B | — | — | 9.8× | 30.7% | — | -20.3% | -10.7% | -1.9% | — | 13 |
| HDB | $182.5B | 22.9× | — | 7.1× | -98.6% | — | 30.8% | 8.8% | 4.5% | — | 570 |
| UBS | $179.0B | — | — | — | — | — | — | — | — | — | 660 |
| USML | $178.1B | — | — | — | — | — | — | — | — | — | 2 |
| BLK | $175.8B | 32.1× | — | 7.3× | 89.3% | — | 22.9% | 9.9% | 8.1% | — | 2,196 |
| SMFNF | $158.8B | — | — | — | — | — | — | — | — | — | 1 |
| CB | $137.9B | 13.7× | — | 2.3× | 6.5% | — | 17.4% | 14.0% | 11.3% | — | 2,002 |
| GLD | $131.4B | — | — | — | — | — | — | — | — | — | 3,072 |
| MZHOF | $129.2B | 0.1× | — | 0.0× | 7.6% | — | 13.2% | 10.7% | 3.7% | — | 2 |
| PGR | $124.7B | 11.1× | — | 1.4× | 16.3% | — | 12.9% | 37.3% | 30.4% | — | 1,685 |
| SPGI | $122.5B | 28.0× | 17.5× | 8.0× | 7.9% | 70.2% | 29.2% | 14.4% | 10.1% | 1.7× | 2,005 |
| VXZ | $116.9B | — | — | — | — | — | — | — | — | — | 12 |
| BNS | $109.5B | — | — | — | — | — | — | — | — | — | 488 |
| BX | $101.8B | 35.1× | — | 7.0× | 9.2% | — | 20.9% | 34.8% | 14.2% | — | 2,037 |
| PNC | $101.1B | 15.4× | — | 4.4× | 7.2% | — | 30.3% | 11.5% | 5.9% | — | 1,839 |
| BCLYF | $97.9B | — | — | — | — | — | — | — | — | — | 5 |
| CME | $95.2B | 23.7× | — | 14.6× | 6.4% | — | 62.5% | 14.2% | 14.2% | — | 1,699 |
| MRSH | $92.9B | 22.7× | 16.5× | 3.4× | 10.3% | — | 15.4% | 27.2% | 12.4% | 2.8× | 1,471 |
| ICE | $85.0B | 26.0× | 20.2× | 6.7× | 7.5% | — | 26.2% | 11.5% | 6.8% | 3.8× | 1,641 |
| COHN | $24M | 2.6× | — | 0.1× | 246% | — | 5.2% | 28.3% | 17.2% | — | 13 |
Peers = companies sharing COHN's sector (Financial Services) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $275.6M 100.0% | $79.6M 100.0% | $83.0M 100.0% | $44.4M 100.0% | $146.4M 100.0% | $130.1M 100.0% | $49.7M 100.0% | $49.4M 100.0% | $47.5M 100.0% | $55.3M 100.0% |
| Total Operating Expenses | $216.2M 78.4% | $87.6M 110.1% | $76.1M 91.7% | $72.3M 163.0% | $106.8M 72.9% | $87.8M 67.5% | $45.6M 91.9% | $45.7M 92.6% | $40.1M 84.4% | $46.8M 84.5% |
| Operating Income | $59.4M 21.6% | -$8.0M -10.1% | $6.9M 8.3% | -$28.0M -63.0% | $39.6M 27.1% | $42.3M 32.5% | $4.0M 8.1% | $3.7M 7.4% | $7.4M 15.6% | $8.6M 15.5% |
| Interest Expense | $35.2M 12.8% | $38.3M 48.2% | $31.3M 37.8% | $33.7M 75.9% | $41.0M 28.0% | $66.2M 50.9% | $168.1M 338.5% | $65.7M 133.1% | $6.2M 13.0% | $4.7M 8.6% |
| Other Income (Expense), net | — | — | — | — | — | — | — | -$8.5M -17.2% | -$6.2M -13.0% | -$4.7M -8.6% |
| Pretax Income | $39.5M 14.3% | $7.9M 9.9% | $15.9M 19.2% | -$53.9M -121.4% | $70.5M 48.2% | $29.8M 22.9% | -$4.1M -8.2% | -$4.8M -9.8% | $1.2M 2.6% | $3.9M 7.0% |
| Income Tax Expense | -$632K -0.2% | -$329K -0.4% | $5.5M 6.7% | $4.8M 10.8% | -$3.5M -2.4% | -$8.7M -6.7% | -$523K -1.1% | -$841K -1.7% | -$1.2M -2.5% | $422K 0.8% |
| Net Income | $14.4M 5.2% | -$129K -0.2% | -$5.1M -6.2% | -$13.4M -30.2% | $11.8M 8.1% | $14.2M 10.9% | -$2.1M -4.1% | -$2.5M -5.0% | $2.1M 4.3% | $2.3M 4.1% |
| Per Share | ||||||||||
| EPS (Basic) | $8.33 | $-0.08 | $-3.38 | $-9.43 | $9.95 | $12.56 | $-1.81 | $-2.14 | $1.71 | $1.86 |
| EPS (Diluted) | $4.35 | $-0.08 | $-3.38 | $-9.43 | $7.83 | $7.66 | $-1.81 | $-2.14 | $1.60 | $1.85 |
| Weighted Avg Shares (Basic) | 1.7M | 1.6M | 1.5M | 1.4M | 1.2M | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M |
| Weighted Avg Shares (Diluted) | 6.0M | 5.7M | 1.5M | 1.4M | 5.3M | 5.1M | 1.7M | 1.7M | 2.6M | 1.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
5/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 8% of free cash flow, leaving room to grow it and fund buybacks. Last year: $2M dividends + $0 buybacks = $2M returned on $26M FCF.
1 consecutive years of dividend increases · 3%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 17%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~107.1% on $33M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-08-05
No material risks flagged.
Where each multiple sits in its own 14-yr range · 44th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 7.4 | 8.1 | 32.5 | 27.1 | -63.0 | 8.3 | -10.1 | 21.6 |
| Income Tax | -1.7 | -1.1 | -6.7 | -2.4 | 10.8 | 6.7 | -0.4 | -0.2 |
| Net Income | -5.0 | -4.1 | 10.9 | 8.1 | -30.2 | -6.2 | -0.2 | 5.2 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on COHN: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.