What is Cohen & Co Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Cohen & Co Inc.'s reported free cash flow gives $145.97 per share. The share price was $10.11 on September 25, 2026, 93% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $89.43 | +785% |
| Base | 15.0% | 9.0% | $145.97 | +1,344% |
| Bull | 20.0% | 8.0% | $251.25 | +2,385% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $188.78 | $202.13 | $218.44 | $238.83 | $265.05 |
| 8.0% | $156.62 | $165.28 | $175.51 | $187.78 | $202.78 |
| 9.0% | $133.22 | $139.14 | $145.97 | $153.94 | $163.35 |
| 10.0% | $115.48 | $119.69 | $124.46 | $129.91 | $136.20 |
| 11.0% | $101.60 | $104.69 | $108.14 | $112.02 | $116.41 |
Where the presets come from
Base: years 1 to 5 grow at Cohen & Co Inc.'s revenue growth rate over the last 5 fiscal years (16.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions