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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

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

79.93  -1.52 (-1.87%)

After market: 79.93 0 (0%)

Fundamental Rating

4

CCOI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 32 industry peers in the Diversified Telecommunication Services industry. Both the profitability and the financial health of CCOI get a neutral evaluation. Nothing too spectacular is happening here. CCOI is valied quite expensively at the moment, while it does show a decent growth rate. CCOI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

CCOI had positive earnings in the past year.
In the past year CCOI has reported a negative cash flow from operations.
CCOI had positive earnings in each of the past 5 years.
In the past 5 years CCOI always reported a positive cash flow from operatings.
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 0 200M 400M 600M 800M 1B

1.2 Ratios

With a decent Return On Assets value of 1.23%, CCOI is doing good in the industry, outperforming 61.29% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.18%, CCOI belongs to the top of the industry, outperforming 83.87% of the companies in the same industry.
Industry RankSector Rank
ROA 1.23%
ROE 12.18%
ROIC N/A
ROA(3y)15.02%
ROA(5y)9.94%
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 0 50 100 150 200

1.3 Margins

CCOI's Profit Margin of 3.73% is in line compared to the rest of the industry. CCOI outperforms 58.06% of its industry peers.
In the last couple of years the Profit Margin of CCOI has grown nicely.
With a Gross Margin value of 37.39%, CCOI is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
CCOI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 3.73%
GM 37.39%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y398.68%
PM growth 5Y89.65%
GM growth 3Y-11.79%
GM growth 5Y-6.12%
CCOI Yearly Profit, Operating, Gross MarginsCCOI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 100

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4

2. Health

2.1 Basic Checks

CCOI does not have a ROIC to compare to the WACC, probably because it is not profitable.
CCOI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CCOI has more shares outstanding
Compared to 1 year ago, CCOI has an improved debt to assets ratio.
CCOI Yearly Shares OutstandingCCOI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 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 1B 2B 3B

2.2 Solvency

Based on the Altman-Z score of 0.93, we must say that CCOI is in the distress zone and has some risk of bankruptcy.
CCOI's Altman-Z score of 0.93 is in line compared to the rest of the industry. CCOI outperforms 58.06% of its industry peers.
CCOI has a Debt/Equity ratio of 5.87. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 5.87, CCOI is doing worse than 83.87% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 5.87
Debt/FCF N/A
Altman-Z 0.93
ROIC/WACCN/A
WACC8.27%
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 0 500M -500M 1B

2.3 Liquidity

CCOI has a Current Ratio of 2.03. This indicates that CCOI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CCOI (2.03) is better than 90.32% of its industry peers.
A Quick Ratio of 2.03 indicates that CCOI has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.03, CCOI belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.03
Quick Ratio 2.03
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 100M 200M 300M 400M 500M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 145.61% over the past year.
CCOI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.10% yearly.
CCOI shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.64%.
The Revenue has been growing by 12.58% on average over the past years. This is quite good.
EPS 1Y (TTM)145.61%
EPS 3Y190.04%
EPS 5Y31.1%
EPS Q2Q%-10.83%
Revenue 1Y (TTM)28.64%
Revenue growth 3Y18.32%
Revenue growth 5Y12.58%
Sales Q2Q%-6.62%

3.2 Future

CCOI is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -20.84% yearly.
CCOI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.78% yearly.
EPS Next Y-289.3%
EPS Next 2Y-89.55%
EPS Next 3Y-41.67%
EPS Next 5Y-20.84%
Revenue Next Year11.02%
Revenue Next 2Y7.18%
Revenue Next 3Y7.57%
Revenue Next 5Y7.78%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

With a Price/Earnings ratio of 102.47, CCOI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CCOI is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CCOI to the average of the S&P500 Index (29.63), we can say CCOI is valued expensively.
The Forward Price/Earnings Ratio is negative for CCOI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 102.47
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 80 100

4.2 Price Multiples

CCOI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CCOI is more expensive than 74.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 55.16
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 decrease with -41.67% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.29
EPS Next 2Y-89.55%
EPS Next 3Y-41.67%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.81%, CCOI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.85, CCOI pays a better dividend. On top of this CCOI pays more dividend than 80.65% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, CCOI pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.81%

5.2 History

On average, the dividend of CCOI grows each year by 12.14%, which is quite nice.
CCOI has paid a dividend for at least 10 years, which is a reliable track record.
CCOI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.14%
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 1 2 3

5.3 Sustainability

CCOI pays out 475.45% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of CCOI has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP475.45%
EPS Next 2Y-89.55%
EPS Next 3Y-41.67%
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 0 200M 400M 600M 800M 1B
CCOI Dividend Payout.CCOI Dividend Payout, showing the Payout Ratio.CCOI Dividend Payout.PayoutRetained Earnings

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COGENT COMMUNICATIONS HOLDIN

NASDAQ:CCOI (2/21/2025, 8:06:12 PM)

After market: 79.93 0 (0%)

79.93

-1.52 (-1.87%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)02-27 2025-02-27/bmo
Inst Owners96.66%
Inst Owner Change0.55%
Ins Owners9.97%
Ins Owner Change0.01%
Market Cap3.92B
Analysts76.67
Price Target86.33 (8.01%)
Short Float %7.83%
Short Ratio9.11
Dividend
Industry RankSector Rank
Dividend Yield 4.81%
Yearly Dividend3.76
Dividend Growth(5Y)12.14%
DP475.45%
Div Incr Years12
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)15.62%
Min EPS beat(2)-9.31%
Max EPS beat(2)40.55%
EPS beat(4)2
Avg EPS beat(4)141.92%
Min EPS beat(4)-40.15%
Max EPS beat(4)576.61%
EPS beat(8)2
Avg EPS beat(8)-1187.26%
EPS beat(12)3
Avg EPS beat(12)-807.57%
EPS beat(16)5
Avg EPS beat(16)-613.03%
Revenue beat(2)0
Avg Revenue beat(2)-2.99%
Min Revenue beat(2)-3.44%
Max Revenue beat(2)-2.53%
Revenue beat(4)0
Avg Revenue beat(4)-2.89%
Min Revenue beat(4)-4%
Max Revenue beat(4)-1.59%
Revenue beat(8)0
Avg Revenue beat(8)-3.2%
Revenue beat(12)0
Avg Revenue beat(12)-3%
Revenue beat(16)0
Avg Revenue beat(16)-2.59%
PT rev (1m)0.76%
PT rev (3m)1.86%
EPS NQ rev (1m)6.53%
EPS NQ rev (3m)6.53%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-3.13%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.28%
Valuation
Industry RankSector Rank
PE 102.47
Fwd PE N/A
P/S 3.71
P/FCF N/A
P/OCF N/A
P/B 12.11
P/tB N/A
EV/EBITDA 55.16
EPS(TTM)0.78
EY0.98%
EPS(NY)-3.89
Fwd EYN/A
FCF(TTM)-5.39
FCFYN/A
OCF(TTM)-1.47
OCFYN/A
SpS21.54
BVpS6.6
TBVpS-3.02
PEG (NY)N/A
PEG (5Y)3.29
Profitability
Industry RankSector Rank
ROA 1.23%
ROE 12.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 3.73%
GM 37.39%
FCFM N/A
ROA(3y)15.02%
ROA(5y)9.94%
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 3Y398.68%
PM growth 5Y89.65%
GM growth 3Y-11.79%
GM growth 5Y-6.12%
F-Score4
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 5.87
Debt/FCF N/A
Debt/EBITDA 18.85
Cap/Depr 64.49%
Cap/Sales 18.23%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.03
Quick Ratio 2.03
Altman-Z 0.93
F-Score4
WACC8.27%
ROIC/WACCN/A
Cap/Depr(3y)73.29%
Cap/Depr(5y)69.11%
Cap/Sales(3y)12.93%
Cap/Sales(5y)11.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)145.61%
EPS 3Y190.04%
EPS 5Y31.1%
EPS Q2Q%-10.83%
EPS Next Y-289.3%
EPS Next 2Y-89.55%
EPS Next 3Y-41.67%
EPS Next 5Y-20.84%
Revenue 1Y (TTM)28.64%
Revenue growth 3Y18.32%
Revenue growth 5Y12.58%
Sales Q2Q%-6.62%
Revenue Next Year11.02%
Revenue Next 2Y7.18%
Revenue Next 3Y7.57%
Revenue Next 5Y7.78%
EBIT growth 1Y-519.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year440.09%
EBIT Next 3Y81.29%
EBIT Next 5Y45.51%
FCF growth 1Y-367.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-141.43%
OCF growth 3Y-50.18%
OCF growth 5Y-33.55%