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COGENT COMMUNICATIONS HOLDIN (CCOI) Stock Fundamental Analysis

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

56.46  +1.75 (+3.2%)

After market: 56.46 0 (0%)

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 may be in some trouble as it scores bad on both profitability and health. 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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1

1. Profitability

1.1 Basic Checks

CCOI had negative earnings in the past year.
In the past year CCOI has reported a negative cash flow from operations.
Of the past 5 years CCOI 4 years were profitable.
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 -6.43%. This is in the lower half of the industry: CCOI underperforms 72.73% of its industry peers.
CCOI's Return On Equity of -91.58% is on the low side compared to the rest of the industry. CCOI is outperformed by 90.91% of its industry peers.
Industry RankSector Rank
ROA -6.43%
ROE -91.58%
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

CCOI's Gross Margin of 38.05% is on the low side compared to the rest of the industry. CCOI is outperformed by 69.70% of its industry peers.
CCOI's Gross Margin has declined in the last couple of years.
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 38.05%
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.
CCOI has more shares outstanding than it did 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

CCOI has an Altman-Z score of 0.61. 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 (0.61) than 66.67% of its industry peers.
A Debt/Equity ratio of 8.78 is on the high side and indicates that CCOI has dependencies on debt financing.
CCOI's Debt to Equity ratio of 8.78 is on the low side compared to the rest of the industry. CCOI is outperformed by 87.88% of its industry peers.
Industry RankSector Rank
Debt/Equity 8.78
Debt/FCF N/A
Altman-Z 0.61
ROIC/WACCN/A
WACC7.81%
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 1.90. 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 Current ratio of 1.90. This is amongst the best in the industry. CCOI outperforms 84.85% of its industry peers.
CCOI has a Quick Ratio of 1.90. 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 1.90, CCOI belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.9
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

CCOI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -276.23%.
Looking at the last year, CCOI shows a quite strong growth in Revenue. The Revenue has grown by 10.12% in the last year.
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)-276.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.82%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-7.28%

3.2 Future

CCOI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.53% yearly.
CCOI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.66% yearly.
EPS Next Y16.48%
EPS Next 2Y23.5%
EPS Next 3Y20.82%
EPS Next 5Y15.53%
Revenue Next Year-1.32%
Revenue Next 2Y3.42%
Revenue Next 3Y5.35%
Revenue Next 5Y6.66%

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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1

4. Valuation

4.1 Price/Earnings Ratio

CCOI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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

Based on the Enterprise Value to EBITDA ratio, CCOI is valued a bit more expensive than 72.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 37.81
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

A more expensive valuation may be justified as CCOI's earnings are expected to grow with 20.82% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y23.5%
EPS Next 3Y20.82%

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8

5. Dividend

5.1 Amount

CCOI has a Yearly Dividend Yield of 7.40%, which is a nice return.
In the last 3 months the price of CCOI has falen by -25.06%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 5.16, CCOI pays a better dividend. On top of this CCOI pays more dividend than 90.91% of the companies listed in the same industry.
CCOI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 7.4%

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

CCOI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of CCOI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-92.81%
EPS Next 2Y23.5%
EPS Next 3Y20.82%
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 (5/2/2025, 8:00:02 PM)

After market: 56.46 0 (0%)

56.46

+1.75 (+3.2%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-27 2025-02-27/bmo
Earnings (Next)05-08 2025-05-08/bmo
Inst Owners96.66%
Inst Owner Change0.21%
Ins Owners9.97%
Ins Owner Change0.34%
Market Cap2.79B
Analysts75.56
Price Target85.78 (51.93%)
Short Float %10.13%
Short Ratio8.31
Dividend
Industry RankSector Rank
Dividend Yield 7.4%
Yearly Dividend3.88
Dividend Growth(5Y)9.91%
DP-92.81%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-13 2025-03-13 (1.005)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.42%
Min EPS beat(2)-9.31%
Max EPS beat(2)26.15%
EPS beat(4)2
Avg EPS beat(4)4.31%
Min EPS beat(4)-40.15%
Max EPS beat(4)40.55%
EPS beat(8)3
Avg EPS beat(8)-1172.83%
EPS beat(12)3
Avg EPS beat(12)-812.05%
EPS beat(16)6
Avg EPS beat(16)-599.34%
Revenue beat(2)0
Avg Revenue beat(2)-3.37%
Min Revenue beat(2)-4.22%
Max Revenue beat(2)-2.53%
Revenue beat(4)0
Avg Revenue beat(4)-3.55%
Min Revenue beat(4)-4.22%
Max Revenue beat(4)-2.53%
Revenue beat(8)0
Avg Revenue beat(8)-3.55%
Revenue beat(12)0
Avg Revenue beat(12)-3.09%
Revenue beat(16)0
Avg Revenue beat(16)-2.74%
PT rev (1m)-0.74%
PT rev (3m)0.12%
EPS NQ rev (1m)-2.25%
EPS NQ rev (3m)13.12%
EPS NY rev (1m)-1.18%
EPS NY rev (3m)11.29%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-3.5%
Revenue NY rev (1m)-1.04%
Revenue NY rev (3m)-4.63%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.69
P/FCF N/A
P/OCF N/A
P/B 12.51
P/tB N/A
EV/EBITDA 37.81
EPS(TTM)-4.3
EYN/A
EPS(NY)-3.59
Fwd EYN/A
FCF(TTM)-4.12
FCFYN/A
OCF(TTM)-0.18
OCFYN/A
SpS20.98
BVpS4.51
TBVpS-5.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.43%
ROE -91.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 38.05%
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 Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 8.78
Debt/FCF N/A
Debt/EBITDA 16.52
Cap/Depr 65.43%
Cap/Sales 18.82%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.9
Altman-Z 0.61
F-Score4
WACC7.81%
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)-276.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-121.82%
EPS Next Y16.48%
EPS Next 2Y23.5%
EPS Next 3Y20.82%
EPS Next 5Y15.53%
Revenue 1Y (TTM)10.12%
Revenue growth 3Y20.66%
Revenue growth 5Y13.66%
Sales Q2Q%-7.28%
Revenue Next Year-1.32%
Revenue Next 2Y3.42%
Revenue Next 3Y5.35%
Revenue Next 5Y6.66%
EBIT growth 1Y-61.91%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year257.48%
EBIT Next 3Y62.57%
EBIT Next 5Y36.1%
FCF growth 1Y-81.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-149.84%
OCF growth 3YN/A
OCF growth 5YN/A