CCA Stock Analysis: Cogeco Communications | TO
Telecom Services | TO, Canada | Market Cap: 2.259m CAD | 12M Return: -14.4% | CA19239C1068 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.1M
EPS Trend: -79.4%
Qual. Beats: 1
Rev. Trend: -86.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cogeco Communications is a Canada- and U.S.-focused telecommunications provider serving residential and small-business customers over cable and fibre networks. Its services include broadband Internet, video, wireless and phone plans, along with connectivity and managed network solutions for businesses.
The company operates as Cogeco Connexion in Québec and Ontario and as Breezeline in the United States. Like other integrated telecom providers, it combines recurring consumer subscriptions with business connectivity services.
- Broadband subscriber losses persist amid fiber and fixed-wireless competition
- Canadian wholesale access rules pressure pricing and margins
- Network investment and shareholder returns compete for slower-growing cash flow
| Net Income: -1.11b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.03 > 1.0 |
| NWC/Revenue: -12.92% < 20% (prev -14.53%; Δ 1.61% < -1%) |
| CFO/TA 0.12 > 3% & CFO 932.0m > Net Income -1.11b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.0m) vs 12m ago -1.16% < -2% |
| Gross Margin: 27.21% > 18% (prev 34.45%; Δ -7.23% > 0.5%) |
| Asset Turnover: 32.34% > 50% (prev 29.89%; Δ 2.44% > 0%) |
| Interest Coverage Ratio: -5.79 > 6 (EBIT TTM -1.50b / Interest Expense TTM 259.5m) |
| A: -0.05 (Total Current Assets 319.7m - Total Current Liabilities 682.2m) / Total Assets 7.49b |
| B: 0.11 (Retained Earnings 859.8m / Total Assets 7.49b) |
| C: -0.17 (EBIT TTM -1.50b / Avg Total Assets 8.68b) |
| D: 0.34 (Book Value of Equity 1.85b / Total Liabilities 5.49b) |
| Altman-Z'' = -0.75 = CCC |
| DSRI: 1.59 (Receivables 177.8m/117.5m, Revenue 2.81b/2.95b) |
| GMI: 1.27 (GM 34.45% / 27.21%) |
| AQI: 0.87 (AQ_t 0.54 / AQ_t-1 0.62) |
| SGI: 0.95 (Revenue 2.81b / 2.95b) |
| TATA: -0.27 (NI -1.11b - CFO 932.0m) / TA 7.49b) |
| Beneish M = -2.44 (Cap -4..+1) = BBB |
As of October 30, 2026, the stock is trading at CAD 53.28 with a total of 410,997 shares traded. Over the past week, the price has changed by -2.58%, over one month by +3.96%, over three months by -13.73% and over the past year by -14.40%.
Current recommended Stop Loss: 51.70 (which is 3% or 1.3 ATR below the current price).
Cogeco Communications has no consensus analysts rating.
P/E Forward = 6.4144
P/S = 0.8049
P/B = 1.2156
P/EG = 1.8732
Revenue TTM = 2.81b CAD
EBIT TTM = -1.50b CAD
EBITDA TTM = -831.8m CAD
Long Term Debt = 4.20b CAD (from longTermDebt, last quarter)
Short Term Debt = 273.7m CAD (from shortTermDebt, last quarter)
Debt = 4.50b CAD (from shortLongTermDebtTotal, last quarter) + Leases 31.5m
Net Debt = 4.43b CAD (calculated: Debt 4.50b - CCE 77.3m)
Enterprise Value = 6.69b CAD (2.26b + Debt 4.50b - CCE 77.3m)
Interest Coverage Ratio = -5.79 (Ebit TTM -1.50b / Interest Expense TTM 259.5m)
EV/FCF = 17.95x (Enterprise Value 6.69b / FCF TTM 372.5m)
FCF Yield = 5.57% (FCF TTM 372.5m / Enterprise Value 6.69b)
FCF Margin = 13.27% (FCF TTM 372.5m / Revenue TTM 2.81b)
Net Margin = -39.56% (Net Income TTM -1.11b / Revenue TTM 2.81b)
Gross Margin = 27.21% ((Revenue TTM 2.81b - Cost of Revenue TTM 2.04b) / Revenue TTM)
Gross Margin QoQ = none% (prev 29.38%)
Tobins Q-Ratio = 0.89 (Enterprise Value 6.69b / Total Assets 7.49b)
Interest Expense / Debt = 5.76% (Interest Expense 259.5m / Debt 4.50b)
Taxrate = 20.35% (87.3m / 429.1m)
NOPAT = -1.20b (EBIT -1.50b * (1 - 20.35%)) [loss with tax shield]
Current Ratio = 0.47 (Total Current Assets 319.7m / Total Current Liabilities 682.2m)
Debt / Equity = 2.43 (Debt 4.50b / totalStockholderEquity, last quarter 1.85b)
Debt / EBITDA = -5.32 (negative EBITDA) (Net Debt 4.43b / EBITDA -831.8m)
Debt / FCF = 11.88 (Net Debt 4.43b / FCF TTM 372.5m)
Total Stockholder Equity = 2.86b (last 4 quarters mean from totalStockholderEquity)
RoA = -12.79% (Net Income -1.11b / Total Assets 7.49b)
RoE = -38.76% (Net Income TTM -1.11b / Total Stockholder Equity 2.86b)
RoCE = -21.27% (EBIT -1.50b / Capital Employed (Equity 2.86b + L.T.Debt 4.20b))
RoIC = -17.09% (negative operating profit) (NOPAT -1.20b / Invested Capital 7.00b)
WACC = 5.08% (E(2.26b)/V(6.76b) * Re(6.07%) + D(4.50b)/V(6.76b) * Rd(5.76%) * (1-Tc(0.20)))
Discount Rate = 6.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -13.54 | Cagr: -0.53%
[DCF] Terminal Value 73.10% ; FCFF base≈460.6m ; Y1≈403.9m ; Y5≈326.3m
[DCF] Fair Price = 27.02 (EV 5.24b - Net Debt 4.43b = Equity 811.1m / Shares 30.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -79.38 | EPS CAGR: -5.09% | SUE: 0.91 | # QB: 1
Revenue Correlation: -86.39 | Revenue CAGR: -1.95% | SUE: -0.58 | # QB: 0
EPS current Quarter (2026-11-30): EPS=2.12 | Chg30d=-1.79% | Revisions=-25% | Analysts=3
EPS current Year (2026-08-31): EPS=8.77 | Chg30d=+0.10% | Revisions=+40% | GrowthEPS=+10.4% | GrowthRev=-4.2%
EPS next Year (2027-08-31): EPS=8.55 | Chg30d=+0.29% | Revisions=-40% | GrowthEPS=-2.5% | GrowthRev=-2.3%
[Analyst] Revisions Ratio: -12% (up=2, down=3)