CET - NYSE

Central Securities Corp.

CET·NYSE

$52.13

+0.71%

Financial ServicesAsset Management

Central Securities Corp. 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, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.51B

EPS10.1400

P/E Ratio5.14

Earnings Date02/10/2026

37.30M

Operating Cash Flow

-2%

3Y-35.0%

5Y+66.0%

10Y+3.0%

-28.56K

Investing Cash Flow

-98%

3Y-100.0%

5Y-100.0%

10Y-100.0%

-37.90M

Financing Cash Flow

3Y-34.0%

5Y+72.0%

10Y-25.0%

Central Securities Corp. Cash Conversion Engine

CET · NYSE

FCF Components

Net Income287.97M

Depreciation & Amortization162.86K

Stock-Based Compensation0.00

Change in Working Capital-1.63M

Others-249.20M

Capital Expenditures-28.56K

Free Cash Flow37.27M

Cash Flow Quality Analysis

FCF Conversion Rate

12.9%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

0.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+1.1%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$1.63M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Central Securities Corp. Cash Flow Statement

CET • NYSE

Central Securities Corp. Cash Flow Statement	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006	Dec 2005
OPERATING ACTIVITIES
Net Income	288M	223.6M	-158.7M	353.6M	73.7M	251M	-34.3M	169.2M	112.6M	-17M	30.1M	143.2M	12.9M	-1.2M	105.3M	116.6M	-210M	54.6M	93.3M	68M
Depreciation & Amortization	162.9K	71.4K	7.4K	7.2K	7.3K	3.7K	4.4K	6.3K	8.9K	10.7K	29.3K	47.7K	46.7K	46.5K	47.5K	100K	100K	100K	100K	100K
Other Non-Cash Items	-249.2M	-185.6M	200.3M	-295.7M	-40.4M	-228.5M	59.9M	-152.4M	-89.6M	53.6M	-1.1M	-93.9M	27.1M	30.1M	-93.1M	-75M	312.8M	89.4M	53.2M	33.4M
Change in Working Capital	-1.6M	-52.1K	-355.9K	-430.5K	-607.6K	-6.3K	-983K	1.1M	-62.5K	-221.6K	582.6K	-540.5K	-153K	875.7K	-1.1M	-37.7M	-59.4M	-117.2M	-96.7M	-77.9M
Cash from Operating Activities	37.3M	38.1M	41.3M	57.4M	32.7M	22.5M	24.6M	18M	22.9M	36.4M	29.6M	48.8M	39.9M	29.8M	11.1M	4M	43.5M	26.9M	49.9M	23.6M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-28.6K	-1.2M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Purchase of Investments	-119.7M	-45.5M	-4.2M	-131.6M	-105.1M	-84.7M	-63M	-42M	-52.4M	-125.5M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	152.1M	62.1M	100.7M	108M	128.9M	59M	70.2M	61.6M	60.6M	173.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Investing Items	-32.4M	-16.5M	0.0	47.2M	-47.4M	51.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Cash from Investing Activities	-28.6K	-1.2M	(96.5M)	(23.6M)	-23.7M	(25.7M)	(7.2M)	(19.7M)	(8.2M)	(47.9M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
FINANCING ACTIVITIES
Net Issuance of Common Stock	0.0	-5.8M	-2.7M	0.0	-5.4M	-428K	-4M	-1.7M	-5.1M	-21.1M	-2.9M	-12.9M	-2.4M	-462.9K	-2.4M	0.0	-6.3M	0.0	0.0	0.0
Net Issuance of Debt	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-5M	5M	0.0	0.0	0.0	0.0	0.0
Cash Paid for Dividends	-37.9M	-30.8M	-38.5M	-57.8M	-27M	-21.6M	-23M	-16.1M	-16M	-29.1M	-25.7M	-56.4M	-10.7M	-17.6M	-13.6M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Share Repurchases	(0.0)	-5.8M	-2.7M	(0.0)	-5.4M	-428K	-4M	-1.7M	-5.1M	-21.1M	-2.9M	-12.9M	-2.4M	-462.9K	-2.4M	-800K	-6.3M	(0.0)	-27.8M	-4.3M
Other Financing Items	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-12.9M	-18.7K	-26.9M	-50.1M	-23.4M
Cash from Financing Activities	-37.9M	-36.6M	-41.2M	-57.8M	-32.4M	-22.1M	-27M	-17.8M	-21.1M	-50.2M	-28.6M	-69.4M	-13M	-23.1M	-10.9M	-12.9M	-34.4M	-26.9M	-50.1M	-23.4M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	0.0	5.6M	-96.5M	-23.6M	23.7M	-25.7M	-7.2M	-19.7M	-8.2M	-47.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Change in Cash	-627.7K	254.4K	28.4K	-358K	310K	429.9K	-2.4M	157.6K	1.9M	-13.8M	974.6K	-20.6M	26.9M	6.7M	211.7K	-8.8M	9.1M	0.0	-200K	200K
Cash at Beginning of Period	895.6K	641.3K	612.9K	970.8K	660.8K	230.9K	2.7M	2.5M	629.1K	14.5M	13.5M	34.1M	7.2M	492.7K	280.9K	9.1M	0.0	100K	300K	100K
Cash at End of Period	268K	895.6K	641.3K	612.9K	970.8K	660.8K	230.9K	2.7M	2.5M	629.1K	14.5M	13.5M	34.1M	7.2M	492.7K	300K	9.1M	100K	100K	300K
Free Cash Flow	37.3M	36.9M	41.3M	57.4M	32.7M	22.5M	24.6M	18M	22.9M	36.4M	29.6M	48.8M	39.9M	29.8M	11.1M	4M	43.5M	26.9M	49.9M	23.6M

SEC Filings

CET - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	February 23, 2026	April 08, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	February 10, 2025	March 26, 2025	2025	View Filing
DEF 14A DEF 14A 2024 N/A	February 08, 2024	March 27, 2024	2024	View Filing
DEF 14A DEF 14A 2023 N/A	February 08, 2023	March 15, 2023	2023	View Filing
DEF 14A DEF 14A 2022 N/A	February 08, 2022	March 16, 2022	2022	View Filing
DEF 14A DEF 14A 2021 N/A	February 08, 2021	March 18, 2021	2021	View Filing
DEF 14A DEF 14A 2020 N/A	February 07, 2020	March 18, 2020	2020	View Filing
DEF 14A DEF 14A 2019 N/A	February 11, 2019	March 20, 2019	2019	View Filing
DEF 14A DEF 14A 2018 N/A	February 09, 2018	March 21, 2018	2018	View Filing
DEF 14A DEF 14A 2017 N/A	February 07, 2017	March 15, 2017	2017	View Filing

Showing 1 to 10 of 31 filings

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