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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

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

75.02  +0.48 (+0.64%)

After market: 75.02 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CCOI. CCOI was compared to 32 industry peers in the Diversified Telecommunication Services industry. CCOI has only an average score on both its financial health and profitability. While showing a medium growth rate, CCOI is valued expensive at the moment. CCOI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

CCOI has a better Return On Assets (1.23%) than 61.29% of its industry peers.
Looking at the Return On Equity, with a value of 12.18%, CCOI belongs to the top of the industry, outperforming 90.32% 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 has a Profit Margin (3.73%) which is comparable to the rest of the industry.
CCOI's Profit Margin has improved in the last couple of years.
CCOI has a worse Gross Margin (37.39%) than 77.42% of its industry peers.
In the last couple of years the Gross Margin of CCOI has declined.
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.
The number of shares outstanding for CCOI has been increased compared to 1 year ago.
CCOI has more shares outstanding than it did 5 years ago.
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

CCOI has an Altman-Z score of 0.87. This is a bad value and indicates that CCOI is not financially healthy and even has some risk of bankruptcy.
CCOI has a Altman-Z score of 0.87. This is comparable to the rest of the industry: CCOI outperforms 54.84% 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.
With a Debt to Equity ratio value of 5.87, CCOI is not doing good in the industry: 83.87% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 5.87
Debt/FCF N/A
Altman-Z 0.87
ROIC/WACCN/A
WACC8.36%
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.
With an excellent Current ratio value of 2.03, CCOI belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
CCOI has a Quick Ratio of 2.03. This indicates that CCOI is financially healthy and has no problem in meeting its short term obligations.
CCOI's Quick ratio of 2.03 is amongst the best of the industry. CCOI outperforms 87.10% of its industry peers.
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

CCOI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 145.61%, which is quite impressive.
Measured over the past years, CCOI shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.10% on average per year.
CCOI shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.64%.
Measured over the past years, CCOI shows a quite strong growth in Revenue. The Revenue has been growing by 12.58% on average per year.
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.
Based on estimates for the next years, CCOI will show a small growth in Revenue. The Revenue will grow by 7.78% on average per year.
EPS Next Y-289.62%
EPS Next 2Y-91.29%
EPS Next 3Y-42.36%
EPS Next 5Y-20.84%
Revenue Next Year11.02%
Revenue Next 2Y7.18%
Revenue Next 3Y7.54%
Revenue Next 5Y7.78%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

Based on the Price/Earnings ratio of 96.18, the valuation of CCOI can be described as expensive.
CCOI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.64, CCOI is valued quite expensively.
The Forward Price/Earnings Ratio is negative for CCOI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 96.18
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 40 60 80

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 52.54
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 -42.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.09
EPS Next 2Y-91.29%
EPS Next 3Y-42.36%

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7

5. Dividend

5.1 Amount

CCOI has a Yearly Dividend Yield of 5.43%, which is a nice return.
CCOI's Dividend Yield is a higher than the industry average which is at 5.41.
CCOI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 5.43%

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

475.45% of the earnings are spent on dividend by CCOI. This is not a sustainable payout ratio.
CCOI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP475.45%
EPS Next 2Y-91.29%
EPS Next 3Y-42.36%
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 (1/23/2025, 8:49:08 PM)

After market: 75.02 0 (0%)

75.02

+0.48 (+0.64%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)N/A N/A
Inst Owners95.37%
Inst Owner Change-0.06%
Ins Owners9.88%
Ins Owner Change0.01%
Market Cap3.68B
Analysts76.67
Price Target85.68 (14.21%)
Short Float %8.18%
Short Ratio8.43
Dividend
Industry RankSector Rank
Dividend Yield 5.43%
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%
PT rev (3m)7.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-42.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 96.18
Fwd PE N/A
P/S 3.48
P/FCF N/A
P/OCF N/A
P/B 11.37
P/tB N/A
EV/EBITDA 52.54
EPS(TTM)0.78
EY1.04%
EPS(NY)-4.05
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)3.09
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 0.87
F-Score4
WACC8.36%
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-289.62%
EPS Next 2Y-91.29%
EPS Next 3Y-42.36%
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 3Y7.54%
Revenue Next 5Y7.78%
EBIT growth 1Y-519.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year440.09%
EBIT Next 3Y81.35%
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%