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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

USA - NASDAQ:CCOI - US19239V3024 - Common Stock

40.38 USD
+0.24 (+0.6%)
Last: 9/23/2025, 1:08:00 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CCOI. CCOI was compared to 36 industry peers in the Diversified Telecommunication Services industry. Both the profitability and financial health of CCOI have multiple concerns. CCOI has a expensive valuation and it also scores bad on growth. Finally CCOI also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year CCOI has reported negative net income.
In the past year CCOI has reported a negative 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

The Return On Assets of CCOI (-6.61%) is worse than 83.33% of its industry peers.
The Return On Equity of CCOI (-463.44%) is worse than 88.89% of its industry peers.
Industry RankSector Rank
ROA -6.61%
ROE -463.44%
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

CCOI's Gross Margin of 41.00% is on the low side compared to the rest of the industry. CCOI is outperformed by 69.44% of its industry peers.
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 41%
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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3

2. Health

2.1 Basic Checks

CCOI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CCOI has more shares outstanding
CCOI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CCOI has a worse debt to assets ratio.
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

Based on the Altman-Z score of 0.38, we must say that CCOI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CCOI (0.38) is worse than 72.22% of its industry peers.
CCOI has a Debt/Equity ratio of 49.06. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CCOI (49.06) is worse than 88.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 49.06
Debt/FCF N/A
Altman-Z 0.38
ROIC/WACCN/A
WACC7.52%
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

CCOI has a Current Ratio of 2.31. This indicates that CCOI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.31, CCOI belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
A Quick Ratio of 2.31 indicates that CCOI has no problem at all paying its short term obligations.
CCOI has a Quick ratio of 2.31. This is amongst the best in the industry. CCOI outperforms 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 2.31
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

CCOI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -598.90%.
CCOI shows a decrease in Revenue. In the last year, the revenue decreased by -6.64%.
The Revenue has been growing by 13.66% on average over the past years. This is quite good.
EPS 1Y (TTM)-598.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-77.94%
Revenue 1Y (TTM)-6.64%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-5.45%

3.2 Future

The Earnings Per Share is expected to grow by 15.74% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.49% on average over the next years.
EPS Next Y-3.78%
EPS Next 2Y12.01%
EPS Next 3Y16.75%
EPS Next 5Y15.74%
Revenue Next Year-5.26%
Revenue Next 2Y0.33%
Revenue Next 3Y3.57%
Revenue Next 5Y5.49%

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.
Also next year CCOI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 10 -10 20

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 66.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 28.79
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 16.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.01%
EPS Next 3Y16.75%

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8

5. Dividend

5.1 Amount

CCOI has a Yearly Dividend Yield of 10.61%, which is a nice return.
CCOI's Dividend Yield is rather good when compared to the industry average which is at 5.19. CCOI pays more dividend than 97.22% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, CCOI pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.61%

5.2 History

On average, the dividend of CCOI grows each year by 9.91%, 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)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

CCOI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CCOI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-89.85%
EPS Next 2Y12.01%
EPS Next 3Y16.75%
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 (9/23/2025, 1:08:00 PM)

40.38

+0.24 (+0.6%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)11-05 2025-11-05/bmo
Inst Owners98.51%
Inst Owner Change3.36%
Ins Owners7.63%
Ins Owner Change-240.18%
Market Cap1.99B
Analysts74.44
Price Target52.63 (30.34%)
Short Float %11.36%
Short Ratio3.91
Dividend
Industry RankSector Rank
Dividend Yield 10.61%
Yearly Dividend3.88
Dividend Growth(5Y)9.91%
DP-89.85%
Div Incr Years12
Div Non Decr Years12
Ex-Date08-21 2025-08-21 (1.015)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.53%
Min EPS beat(2)-27.22%
Max EPS beat(2)0.16%
EPS beat(4)2
Avg EPS beat(4)-2.55%
Min EPS beat(4)-27.22%
Max EPS beat(4)26.15%
EPS beat(8)4
Avg EPS beat(8)68.46%
EPS beat(12)4
Avg EPS beat(12)-806.35%
EPS beat(16)6
Avg EPS beat(16)-604.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.39%
Min Revenue beat(2)-3.49%
Max Revenue beat(2)-3.28%
Revenue beat(4)0
Avg Revenue beat(4)-3.38%
Min Revenue beat(4)-4.22%
Max Revenue beat(4)-2.53%
Revenue beat(8)0
Avg Revenue beat(8)-3.34%
Revenue beat(12)0
Avg Revenue beat(12)-3.2%
Revenue beat(16)0
Avg Revenue beat(16)-3.07%
PT rev (1m)-29.6%
PT rev (3m)-31.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-23.61%
EPS NY rev (1m)0%
EPS NY rev (3m)-23.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.04%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)-1.27%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.98
P/FCF N/A
P/OCF N/A
P/B 42.55
P/tB N/A
EV/EBITDA 28.79
EPS(TTM)-4.54
EYN/A
EPS(NY)-3.21
Fwd EYN/A
FCF(TTM)-4.74
FCFYN/A
OCF(TTM)-0.27
OCFYN/A
SpS20.39
BVpS0.95
TBVpS-8.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.61%
ROE -463.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41%
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-Score4
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 49.06
Debt/FCF N/A
Debt/EBITDA 16.17
Cap/Depr 72.15%
Cap/Sales 21.9%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.31
Quick Ratio 2.31
Altman-Z 0.38
F-Score4
WACC7.52%
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)-598.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-77.94%
EPS Next Y-3.78%
EPS Next 2Y12.01%
EPS Next 3Y16.75%
EPS Next 5Y15.74%
Revenue 1Y (TTM)-6.64%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-5.45%
Revenue Next Year-5.26%
Revenue Next 2Y0.33%
Revenue Next 3Y3.57%
Revenue Next 5Y5.49%
EBIT growth 1Y14.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year264.11%
EBIT Next 3Y62.43%
EBIT Next 5Y34.82%
FCF growth 1Y-323.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-106.42%
OCF growth 3YN/A
OCF growth 5YN/A