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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

NASDAQ:CCOI - Nasdaq - US19239V3024 - Common Stock - Currency: USD

49.92  +0.69 (+1.4%)

After market: 50.03 +0.11 (+0.22%)

Fundamental Rating

2

Taking everything into account, CCOI scores 2 out of 10 in our fundamental rating. CCOI was compared to 33 industry peers in the Diversified Telecommunication Services industry. CCOI has a bad profitability rating. Also its financial health evaluation is rather negative. CCOI is valued expensive and it does not seem to be growing. Finally CCOI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

CCOI had negative earnings in the past year.
In the past year CCOI had a positive cash flow from operations.
CCOI had positive earnings in 4 of the past 5 years.
CCOI had a positive operating cash flow in 4 of the past 5 years.
CCOI Yearly Net Income VS EBIT VS OCF VS FCFCCOI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

1.2 Ratios

CCOI has a Return On Assets of -6.11%. This is amonst the worse of the industry: CCOI underperforms 84.85% of its industry peers.
The Return On Equity of CCOI (-133.58%) is worse than 93.94% of its industry peers.
Industry RankSector Rank
ROA -6.11%
ROE -133.58%
ROIC N/A
ROA(3y)11.24%
ROA(5y)7.85%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CCOI Yearly ROA, ROE, ROICCCOI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200

1.3 Margins

Looking at the Gross Margin, with a value of 39.99%, CCOI is doing worse than 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of CCOI has declined.
The Profit Margin and Operating Margin are not available for CCOI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 39.99%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.85%
GM growth 5Y-8.63%
CCOI Yearly Profit, Operating, Gross MarginsCCOI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

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2

2. Health

2.1 Basic Checks

CCOI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CCOI has been increased compared to 1 year ago.
Compared to 5 years ago, CCOI has more shares outstanding
CCOI has a worse debt/assets ratio than last year.
CCOI Yearly Shares OutstandingCCOI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
CCOI Yearly Total Debt VS Total AssetsCCOI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

CCOI has an Altman-Z score of 0.48. This is a bad value and indicates that CCOI is not financially healthy and even has some risk of bankruptcy.
CCOI has a worse Altman-Z score (0.48) than 69.70% of its industry peers.
CCOI has a Debt/Equity ratio of 13.89. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 13.89, CCOI is not doing good in the industry: 90.91% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 13.89
Debt/FCF N/A
Altman-Z 0.48
ROIC/WACCN/A
WACC7.82%
CCOI Yearly LT Debt VS Equity VS FCFCCOI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.49 indicates that CCOI should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.49, CCOI is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
CCOI has a Quick Ratio of 1.49. This is a normal value and indicates that CCOI is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.49, CCOI belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.49
Quick Ratio 1.49
CCOI Yearly Current Assets VS Current LiabilitesCCOI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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3

3. Growth

3.1 Past

The earnings per share for CCOI have decreased strongly by -535.87% in the last year.
Looking at the last year, CCOI shows a decrease in Revenue. The Revenue has decreased by -3.46% in the last year.
The Revenue has been growing by 13.66% on average over the past years. This is quite good.
EPS 1Y (TTM)-535.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%21.01%
Revenue 1Y (TTM)-3.46%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-7.18%

3.2 Future

The Earnings Per Share is expected to grow by 18.98% on average over the next years. This is quite good.
Based on estimates for the next years, CCOI will show a small growth in Revenue. The Revenue will grow by 6.36% on average per year.
EPS Next Y15.81%
EPS Next 2Y20.89%
EPS Next 3Y19.49%
EPS Next 5Y18.98%
Revenue Next Year-4.04%
Revenue Next 2Y1.72%
Revenue Next 3Y4.72%
Revenue Next 5Y6.36%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CCOI Yearly Revenue VS EstimatesCCOI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
CCOI Yearly EPS VS EstimatesCCOI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 5 10 15 20

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for CCOI. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CCOI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
CCOI Price Earnings VS Forward Price EarningsCCOI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CCOI indicates a slightly more expensive valuation: CCOI is more expensive than 69.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 32.3
CCOI Per share dataCCOI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15 20

4.3 Compensation for Growth

CCOI's earnings are expected to grow with 19.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.89%
EPS Next 3Y19.49%

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8

5. Dividend

5.1 Amount

CCOI has a Yearly Dividend Yield of 7.94%, which is a nice return.
Compared to an average industry Dividend Yield of 5.07, CCOI pays a better dividend. On top of this CCOI pays more dividend than 96.97% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, CCOI pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.94%

5.2 History

The dividend of CCOI is nicely growing with an annual growth rate of 9.91%!
CCOI has been paying a dividend for at least 10 years, so it has a reliable track record.
CCOI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.91%
Div Incr Years12
Div Non Decr Years12
CCOI Yearly Dividends per shareCCOI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

The earnings of CCOI are negative and hence is the payout ratio. CCOI will probably not be able to sustain this dividend level.
CCOI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-124.77%
EPS Next 2Y20.89%
EPS Next 3Y19.49%
CCOI Yearly Income VS Free CF VS DividendCCOI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

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COGENT COMMUNICATIONS HOLDIN

NASDAQ:CCOI (7/8/2025, 8:10:44 PM)

After market: 50.03 +0.11 (+0.22%)

49.92

+0.69 (+1.4%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)05-08 2025-05-08/bmo
Earnings (Next)08-06 2025-08-06/bmo
Inst Owners96.05%
Inst Owner Change0%
Ins Owners8.62%
Ins Owner Change-21.81%
Market Cap2.46B
Analysts75.56
Price Target76.4 (53.04%)
Short Float %11.44%
Short Ratio6.51
Dividend
Industry RankSector Rank
Dividend Yield 7.94%
Yearly Dividend3.88
Dividend Growth(5Y)9.91%
DP-124.77%
Div Incr Years12
Div Non Decr Years12
Ex-Date05-22 2025-05-22 (1.01)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.15%
Min EPS beat(2)0.16%
Max EPS beat(2)26.15%
EPS beat(4)3
Avg EPS beat(4)14.39%
Min EPS beat(4)-9.31%
Max EPS beat(4)40.55%
EPS beat(8)4
Avg EPS beat(8)-1171.64%
EPS beat(12)4
Avg EPS beat(12)-804.49%
EPS beat(16)6
Avg EPS beat(16)-610.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.86%
Min Revenue beat(2)-4.22%
Max Revenue beat(2)-3.49%
Revenue beat(4)0
Avg Revenue beat(4)-3.42%
Min Revenue beat(4)-4.22%
Max Revenue beat(4)-2.53%
Revenue beat(8)0
Avg Revenue beat(8)-3.69%
Revenue beat(12)0
Avg Revenue beat(12)-3.22%
Revenue beat(16)0
Avg Revenue beat(16)-2.94%
PT rev (1m)-10.94%
PT rev (3m)-10.54%
EPS NQ rev (1m)0.99%
EPS NQ rev (3m)-0.82%
EPS NY rev (1m)0.81%
EPS NY rev (3m)-1.99%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-2.62%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-2.85%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.42
P/FCF N/A
P/OCF 290.21
P/B 17.24
P/tB N/A
EV/EBITDA 32.3
EPS(TTM)-4.01
EYN/A
EPS(NY)-2.32
Fwd EYN/A
FCF(TTM)-4.13
FCFYN/A
OCF(TTM)0.17
OCFY0.34%
SpS20.61
BVpS2.9
TBVpS-6.64
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.11%
ROE -133.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 39.99%
FCFM N/A
ROA(3y)11.24%
ROA(5y)7.85%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.85%
GM growth 5Y-8.63%
F-Score5
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 13.89
Debt/FCF N/A
Debt/EBITDA 14.84
Cap/Depr 70%
Cap/Sales 20.87%
Interest Coverage N/A
Cash Conversion 6.35%
Profit Quality N/A
Current Ratio 1.49
Quick Ratio 1.49
Altman-Z 0.48
F-Score5
WACC7.82%
ROIC/WACCN/A
Cap/Depr(3y)68.98%
Cap/Depr(5y)70.47%
Cap/Sales(3y)15.26%
Cap/Sales(5y)13.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-535.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%21.01%
EPS Next Y15.81%
EPS Next 2Y20.89%
EPS Next 3Y19.49%
EPS Next 5Y18.98%
Revenue 1Y (TTM)-3.46%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-7.18%
Revenue Next Year-4.04%
Revenue Next 2Y1.72%
Revenue Next 3Y4.72%
Revenue Next 5Y6.36%
EBIT growth 1Y8.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year261.16%
EBIT Next 3Y62.56%
EBIT Next 5Y34.93%
FCF growth 1Y-368.05%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-94.7%
OCF growth 3YN/A
OCF growth 5YN/A