Central Securities Corp (CET)
Central Securities Corporation is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.
- Symbol
- CET
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $1.57B
- 52 week range
- 47.82 - 56.79
Valuation
- Share price
- $56.44 (close of 2026-09-23)
- P/E (TTM)
- 5.80x
- Price to book
- 0.86x
- Price to free cash flow
- 59.58x
- Enterprise value
- $1.57B
- Book value per share
- $61.58
Price performance
| Period | Change |
|---|
| 1 day | -0.53% |
| 5 days | +1.36% |
| 1 month | +3.05% |
| 3 months | +9.44% |
| 6 months | +12.65% |
| Year to date | +11.30% |
| 1 year | +9.91% |
| 3 years | +57.92% |
| 5 years | +31.78% |
| 10 years | +167.74% |
| All time | +720.35% |
Profitability and growth
- Return on equity
- 18.34%
- Return on invested capital
- 0.00%
- Return on assets
- 18.30%
- Return on capital employed
- 0.00%
- Gross margin
- 100.00%
- Net margin
- 97.22%
- EBITDA margin
- 0.00%
- Revenue growth
- -70.64%
- Net income growth
- -7.90%
- Free cash flow growth
- 26.27%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.68%
- Net debt to EBITDA
- 0.02x
Latest reported year
- Period end
- 2024-12-31
- Fiscal year
- 2024
- Revenue
- $296.20M
- Gross profit
- $296.20M
- Net income
- $287.97M
Income statement by year
| Period end | Revenue | Gross profit | Net income |
|---|
| 2024-12-31 | $296.20M | $296.20M | $287.97M |
| 2023-12-31 | $230.44M | $225.64M | $223.64M |
| 2022-12-31 | $-152.65M | $-157.28M | $-158.67M |
| 2021-12-31 | $360.31M | $354.74M | $353.58M |
| 2020-12-31 | $79.89M | $75.21M | $73.72M |
| 2019-12-31 | $256.96M | $252.40M | $251.01M |
| 2018-12-31 | $-28.49M | $-32.92M | $-34.28M |
| 2017-12-31 | $174.85M | $170.59M | $169.21M |
| 2016-12-31 | $118.04M | $113.90M | $112.64M |
| 2015-12-31 | $-12.61M | $-15.77M | $-17.04M |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2024-12-31 | 100.00% | 97.22% | 18.34% | 0.00% |
| 2023-12-31 | 97.92% | 97.05% | 16.94% | 16.90% |
| 2022-12-31 | 103.03% | 103.95% | -14.01% | -13.97% |
| 2021-12-31 | 98.45% | 98.13% | 26.53% | 26.53% |
| 2020-12-31 | 94.13% | 92.27% | 7.11% | 7.11% |
| 2019-12-31 | 98.22% | 97.68% | 25.24% | 25.21% |
| 2018-12-31 | 115.58% | 120.34% | -4.48% | -4.48% |
| 2017-12-31 | 97.57% | 96.77% | 20.48% | 20.48% |
| 2016-12-31 | 96.49% | 95.42% | 16.69% | 16.69% |
| 2015-12-31 | 125.09% | 135.17% | -2.92% | -2.92% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2024-12-31 | $267.95K | - |
| 2023-12-31 | $895.64K | $3.16M |
| 2022-12-31 | $641.28K | $2.90M |
| 2021-12-31 | $612.86K | $197.87K |
| 2020-12-31 | $970.84K | $584.84K |
| 2019-12-31 | $660.85K | $960.38K |
| 2018-12-31 | $230.92K | - |
| 2017-12-31 | $2.66M | - |
| 2016-12-31 | $2.50M | - |
| 2015-12-31 | $629.09K | - |
Free cash flow by year
| Period end | Free cash flow |
|---|
| 2024-12-31 | $37.27M |
| 2023-12-31 | $36.86M |
| 2022-12-31 | $41.25M |
| 2021-12-31 | $57.45M |
| 2020-12-31 | $32.70M |
| 2019-12-31 | $22.50M |
| 2018-12-31 | $24.60M |
| 2017-12-31 | $17.98M |
| 2016-12-31 | $22.93M |
| 2015-12-31 | $36.39M |
Dividend history
- Most recent payment
- 2024-06-14
| Payment date | Dividend per share |
|---|
| 2024-06-14 | $0.20 |
| 2023-11-10 | $1.65 |
| 2023-06-09 | $0.20 |
| 2022-11-10 | $2.25 |
| 2022-06-10 | $0.20 |
| 2021-11-12 | $3.55 |
| 2021-06-11 | $0.20 |
| 2020-11-13 | $0.65 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2025-03-27 | - | - |
| 2024-03-27 | - | - |
| 2023-06-29 | - | - |
| 2022-12-30 | - | - |
| 2022-06-29 | - | - |
| 2022-02-01 | - | - |
| 2021-06-29 | - | - |
| 2020-12-30 | - | - |
Filings and sources
- Company website
- centralsecurities.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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