Cogent Communications Holdings Inc.
Find Ratings ReportsCOGENT COMMUNICATIONS HLDGS's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. COGENT COMMUNICATIONS HLDGS has average liquidity. Currently, the Quick Ratio is 1.16 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 217.53% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 251.67 | 147.89 |
EBITDA ($mil) | 16.33 | 51.12 |
EBIT ($mil) | -51.48 | 27.56 |
Net Income ($mil) | 200.15 | 0.85 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 113.78 | 275.91 |
Total Assets ($mil) | 3211.62 | 1010.18 |
Total Debt ($mil) | 1828.16 | 1355.08 |
Equity ($mil) | 609.56 | -518.63 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 38.76 | 64.24 |
EBITDA Margin | 6.48 | 34.56 |
Operating Margin | -20.45 | 18.63 |
Sales Turnover | 0.28 | 0.58 |
Return on Assets | 39.65 | 0.5 |
Return on Equity | 208.91 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.38 | 3.04 |
Debt/Capital | 0.75 | 1.62 |
Interest Expense | 17.21 | 19.4 |
Interest Coverage | -2.99 | 1.42 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 48.61 | 48.01 |
Div / share | 0.96 | 0.92 |
EPS | 4.17 | 0.02 |
Book value / share | 12.54 | -10.8 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 363262.0 | 353335.0 |
BUY. COGENT COMMUNICATIONS HLDGS's P/E ratio indicates a significant discount compared to an average of 18.90 for the Telecommunications subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 5.12 indicates a premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 2.06. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium.
Price/Earnings |
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Price/Cash Flow |
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CCOI 2.40 | Peers 18.90 | CCOI 179.92 | Peers 17.10 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CCOI is trading at a significant discount to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CCOI is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CCOI NM | Peers 10.66 | CCOI NM | Peers 0.70 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. CCOI's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CCOI's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CCOI 5.12 | Peers 2.06 | CCOI 24218.18 | Peers 102.71 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CCOI is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CCOI is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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CCOI 3.50 | Peers 1.91 | CCOI 52.46 | Peers 5.82 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CCOI is trading at a significant premium to its subsector. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CCOI has a sales growth rate that significantly exceeds its peers. |
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