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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

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

30.62  -4.72 (-13.36%)

After market: 31.0201 +0.4 (+1.31%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CCOI. CCOI was compared to 35 industry peers in the Diversified Telecommunication Services industry. Both the profitability and financial health of CCOI have multiple concerns. While showing a medium growth rate, CCOI is valued expensive at the moment. 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

Looking at the Return On Assets, with a value of -6.11%, CCOI is doing worse than 80.00% of the companies in the same industry.
The Return On Equity of CCOI (-133.58%) is worse than 85.71% 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

With a Gross Margin value of 39.99%, CCOI is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CCOI has declined.
CCOI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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.
The number of shares outstanding for CCOI has been increased compared to 5 years ago.
The debt/assets ratio for CCOI is higher compared to a year ago.
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 0.34, we must say that CCOI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CCOI (0.34) is worse than 65.71% of its industry peers.
A Debt/Equity ratio of 13.89 is on the high side and indicates that CCOI has dependencies on debt financing.
With a Debt to Equity ratio value of 13.89, CCOI is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 13.89
Debt/FCF N/A
Altman-Z 0.34
ROIC/WACCN/A
WACC7.38%
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 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.
CCOI has a better Current ratio (1.49) than 74.29% of its industry peers.
A Quick Ratio of 1.49 indicates that CCOI should not have too much problems paying its short term obligations.
The Quick ratio of CCOI (1.49) is better than 77.14% of its industry peers.
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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4

3. Growth

3.1 Past

The earnings per share for CCOI have decreased strongly by -598.90% in the last year.
CCOI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.12%.
CCOI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.66% yearly.
EPS 1Y (TTM)-598.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-77.94%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-5.45%

3.2 Future

The Earnings Per Share is expected to grow by 18.98% on average over the next years. This is quite good.
CCOI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.36% yearly.
EPS Next Y15.68%
EPS Next 2Y20.89%
EPS Next 3Y19.69%
EPS Next 5Y18.98%
Revenue Next Year-4.04%
Revenue Next 2Y1.63%
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 10 -10 20 30

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 65.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 26.92
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 19.69% 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 3Y19.69%

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8

5. Dividend

5.1 Amount

CCOI has a Yearly Dividend Yield of 9.10%, which is a nice return.
In the last 3 months the price of CCOI has falen by -37.42%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CCOI's Dividend Yield is rather good when compared to the industry average which is at 5.16. CCOI pays more dividend than 97.14% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, CCOI pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.1%

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 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

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 3Y19.69%
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 (8/8/2025, 8:00:02 PM)

After market: 31.0201 +0.4 (+1.31%)

30.62

-4.72 (-13.36%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)08-07 2025-08-07/bmo
Earnings (Next)11-05 2025-11-05/bmo
Inst Owners96.05%
Inst Owner Change2.08%
Ins Owners8.62%
Ins Owner Change-27.21%
Market Cap1.51B
Analysts75.56
Price Target74.77 (144.19%)
Short Float %10.97%
Short Ratio6.76
Dividend
Industry RankSector Rank
Dividend Yield 9.1%
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)0%
PT rev (3m)-10.94%
EPS NQ rev (1m)-1.08%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-0.96%
Revenue NQ rev (1m)0.69%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.76%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.49
P/FCF N/A
P/OCF 178.01
P/B 10.58
P/tB N/A
EV/EBITDA 26.92
EPS(TTM)-4.54
EYN/A
EPS(NY)-2.32
Fwd EYN/A
FCF(TTM)-4.13
FCFYN/A
OCF(TTM)0.17
OCFY0.56%
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 0.34
F-Score5
WACC7.38%
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 Y15.68%
EPS Next 2Y20.89%
EPS Next 3Y19.69%
EPS Next 5Y18.98%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-5.45%
Revenue Next Year-4.04%
Revenue Next 2Y1.63%
Revenue Next 3Y4.72%
Revenue Next 5Y6.36%
EBIT growth 1Y8.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year264.11%
EBIT Next 3Y62.43%
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