COVEO SOLUTIONS INC-SUB VTG (CVO.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:CVO • CA22289D1078

5.7 CAD
-0.08 (-1.38%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

4

Taking everything into account, CVO scores 4 out of 10 in our fundamental rating. CVO was compared to 66 industry peers in the Software industry. While CVO seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, CVO is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • CVO had negative earnings in the past year.
  • In the past year CVO had a positive cash flow from operations.
  • In the past 5 years CVO reported 4 times negative net income.
  • In multiple years CVO reported negative operating cash flow during the last 5 years.
CVO.CA Yearly Net Income VS EBIT VS OCF VS FCFCVO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M -600M

1.2 Ratios

  • CVO has a Return On Assets of -10.07%. This is comparable to the rest of the industry: CVO outperforms 43.94% of its industry peers.
  • The Return On Equity of CVO (-19.18%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -10.07%
ROE -19.18%
ROIC N/A
ROA(3y)-9.13%
ROA(5y)-43.11%
ROE(3y)-14.08%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CVO.CA Yearly ROA, ROE, ROICCVO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200 -300

1.3 Margins

  • CVO has a better Gross Margin (78.31%) than 84.85% of its industry peers.
  • CVO's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for CVO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 78.31%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.53%
GM growth 5Y0.5%
CVO.CA Yearly Profit, Operating, Gross MarginsCVO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 -500

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • CVO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for CVO has been reduced compared to 1 year ago.
  • Compared to 5 years ago, CVO has less shares outstanding
  • Compared to 1 year ago, CVO has an improved debt to assets ratio.
CVO.CA Yearly Shares OutstandingCVO.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
CVO.CA Yearly Total Debt VS Total AssetsCVO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • Based on the Altman-Z score of -1.45, we must say that CVO is in the distress zone and has some risk of bankruptcy.
  • CVO's Altman-Z score of -1.45 is on the low side compared to the rest of the industry. CVO is outperformed by 66.67% of its industry peers.
  • The Debt to FCF ratio of CVO is 7.42, which is on the high side as it means it would take CVO, 7.42 years of fcf income to pay off all of its debts.
  • CVO's Debt to FCF ratio of 7.42 is fine compared to the rest of the industry. CVO outperforms 63.64% of its industry peers.
  • A Debt/Equity ratio of 0.07 indicates that CVO is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.07, CVO is doing good in the industry, outperforming 62.12% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 7.42
Altman-Z -1.45
ROIC/WACCN/A
WACC10.2%
CVO.CA Yearly LT Debt VS Equity VS FCFCVO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

2.3 Liquidity

  • A Current Ratio of 1.69 indicates that CVO should not have too much problems paying its short term obligations.
  • CVO's Current ratio of 1.69 is fine compared to the rest of the industry. CVO outperforms 60.61% of its industry peers.
  • CVO has a Quick Ratio of 1.69. This is a normal value and indicates that CVO is financially healthy and should not expect problems in meeting its short term obligations.
  • CVO has a Quick ratio of 1.69. This is in the better half of the industry: CVO outperforms 60.61% of its industry peers.
Industry RankSector Rank
Current Ratio 1.69
Quick Ratio 1.69
CVO.CA Yearly Current Assets VS Current LiabilitesCVO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • CVO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.33%, which is quite impressive.
  • CVO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.20%.
  • Measured over the past years, CVO shows a quite strong growth in Revenue. The Revenue has been growing by 19.16% on average per year.
EPS 1Y (TTM)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%240%
Revenue 1Y (TTM)9.2%
Revenue growth 3Y15.5%
Revenue growth 5Y19.16%
Sales Q2Q%14.04%

3.2 Future

  • CVO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 45.93% yearly.
  • CVO is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 32.53% yearly.
EPS Next Y-226.25%
EPS Next 2Y30.74%
EPS Next 3Y45.93%
EPS Next 5YN/A
Revenue Next Year10.73%
Revenue Next 2Y12.37%
Revenue Next 3Y13.53%
Revenue Next 5Y32.53%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CVO.CA Yearly Revenue VS EstimatesCVO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
CVO.CA Yearly EPS VS EstimatesCVO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 0 -0.2 -0.4

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • CVO reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 93.73, which means the current valuation is very expensive for CVO.
  • CVO's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. CVO is valued rather expensively when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 93.73
CVO.CA Price Earnings VS Forward Price EarningsCVO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -100 -200

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, CVO is valued a bit cheaper than the industry average as 62.12% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 298.3
EV/EBITDA N/A
CVO.CA Per share dataCVO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

  • CVO's earnings are expected to grow with 45.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.74%
EPS Next 3Y45.93%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for CVO!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

COVEO SOLUTIONS INC-SUB VTG

TSX:CVO (2/5/2026, 7:00:00 PM)

5.7

-0.08 (-1.38%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-29
Earnings (Next)05-18
Inst Owners31.3%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap567.78M
Revenue(TTM)141.20M
Net Income(TTM)-21.71M
Analysts73.33
Price Target10.76 (88.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-285.63%
Min EPS beat(2)-1087.53%
Max EPS beat(2)516.26%
EPS beat(4)2
Avg EPS beat(4)-175.82%
Min EPS beat(4)-1088.12%
Max EPS beat(4)956.11%
EPS beat(8)5
Avg EPS beat(8)-60.6%
EPS beat(12)8
Avg EPS beat(12)-12.69%
EPS beat(16)12
Avg EPS beat(16)1.88%
Revenue beat(2)1
Avg Revenue beat(2)0.19%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)0.4%
Revenue beat(4)1
Avg Revenue beat(4)-0.29%
Min Revenue beat(4)-1.06%
Max Revenue beat(4)0.4%
Revenue beat(8)3
Avg Revenue beat(8)-0.2%
Revenue beat(12)5
Avg Revenue beat(12)-0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.93%
PT rev (1m)0%
PT rev (3m)-12.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-100%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 93.73
P/S 2.94
P/FCF 298.3
P/OCF 142.34
P/B 3.66
P/tB 4.94
EV/EBITDA N/A
EPS(TTM)-0.02
EYN/A
EPS(NY)0.06
Fwd EY1.07%
FCF(TTM)0.02
FCFY0.34%
OCF(TTM)0.04
OCFY0.7%
SpS1.94
BVpS1.56
TBVpS1.15
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -10.07%
ROE -19.18%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 78.31%
FCFM 0.99%
ROA(3y)-9.13%
ROA(5y)-43.11%
ROE(3y)-14.08%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y1.53%
GM growth 5Y0.5%
F-Score4
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 7.42
Debt/EBITDA N/A
Cap/Depr 21.2%
Cap/Sales 1.08%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.69
Quick Ratio 1.69
Altman-Z -1.45
F-Score4
WACC10.2%
ROIC/WACCN/A
Cap/Depr(3y)12.77%
Cap/Depr(5y)21.5%
Cap/Sales(3y)1.15%
Cap/Sales(5y)2.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%240%
EPS Next Y-226.25%
EPS Next 2Y30.74%
EPS Next 3Y45.93%
EPS Next 5YN/A
Revenue 1Y (TTM)9.2%
Revenue growth 3Y15.5%
Revenue growth 5Y19.16%
Sales Q2Q%14.04%
Revenue Next Year10.73%
Revenue Next 2Y12.37%
Revenue Next 3Y13.53%
Revenue Next 5Y32.53%
EBIT growth 1Y-12.72%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year97.96%
EBIT Next 3Y59.77%
EBIT Next 5Y120.7%
FCF growth 1Y127.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y183.12%
OCF growth 3YN/A
OCF growth 5YN/A

COVEO SOLUTIONS INC-SUB VTG / CVO.CA FAQ

What is the fundamental rating for CVO stock?

ChartMill assigns a fundamental rating of 4 / 10 to CVO.CA.


Can you provide the valuation status for COVEO SOLUTIONS INC-SUB VTG?

ChartMill assigns a valuation rating of 2 / 10 to COVEO SOLUTIONS INC-SUB VTG (CVO.CA). This can be considered as Overvalued.


Can you provide the profitability details for COVEO SOLUTIONS INC-SUB VTG?

COVEO SOLUTIONS INC-SUB VTG (CVO.CA) has a profitability rating of 2 / 10.


What is the financial health of COVEO SOLUTIONS INC-SUB VTG (CVO.CA) stock?

The financial health rating of COVEO SOLUTIONS INC-SUB VTG (CVO.CA) is 5 / 10.