New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (CA$61.1m market cap, or US$44.4m). Reported Earnings • May 18
First quarter 2026 earnings released: CA$0.12 loss per share (vs CA$0.03 profit in 1Q 2025) First quarter 2026 results: CA$0.12 loss per share (down from CA$0.03 profit in 1Q 2025). Revenue: CA$9.36m (down 52% from 1Q 2025). Net loss: CA$3.16m (down 434% from profit in 1Q 2025). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Mar 22
Chief Operating Officer exercised options to buy CA$111k worth of stock. On the 18th of March, Bing Deng exercised options to buy 50k shares at a strike price of around CA$1.88, costing a total of CA$94k. This transaction amounted to 29% of their direct individual holding at the time of the trade. Since June 2025, Bing's direct individual holding has increased from 157.94k shares to 174.20k. Company insiders have collectively bought CA$424k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Mar 21
President recently bought CA$282k worth of stock On the 18th of March, James Rakievich bought around 150k shares on-market at roughly CA$1.88 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$2.24, the stock trades at a trailing P/E ratio of 6.7x. Average forward P/E is 13x in the Energy Services industry in Canada. Total returns to shareholders of 94% over the past three years. Price Target Changed • Mar 10
Price target decreased by 8.7% to CA$5.25 Down from CA$5.75, the current price target is an average from 2 analysts. New target price is 98% above last closing price of CA$2.65. Stock is down 8.9% over the past year. The company posted earnings per share of CA$0.34 last year. Annuncio • Mar 10
McCoy Global Inc., Annual General Meeting, May 14, 2026 McCoy Global Inc., Annual General Meeting, May 14, 2026. Location: enoch, alberta, Canada Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: CA$0.34 (vs CA$0.33 in FY 2024) Full year 2025 results: EPS: CA$0.34 (up from CA$0.33 in FY 2024). Revenue: CA$83.8m (up 8.1% from FY 2024). Net income: CA$9.02m (up 1.6% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (2.0%). Declared Dividend • Nov 10
Third quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 178% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: CA$0.02 (vs CA$0.02 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.02 (in line with 3Q 2024). Revenue: CA$14.8m (down 6.4% from 3Q 2024). Net income: CA$554.0k (up 7.4% from 3Q 2024). Profit margin: 3.7% (up from 3.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 08
McCoy Global Declares Quarterly Cash Dividend, Payable on January 15, 2026 McCoy Global Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per common share payable on January 15, 2026, to shareholders of record as of close of business on December 31, 2025. The dividend per common share is a regular dividend and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Upcoming Dividend • Sep 22
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (2.4%). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Kathy Demuth was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 13
Second quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (130% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: CA$0.05 (vs CA$0.12 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.05 (down from CA$0.12 in 2Q 2024). Revenue: CA$24.1m (up 21% from 2Q 2024). Net income: CA$1.37m (down 56% from 2Q 2024). Profit margin: 5.7% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 08
McCoy Global Inc. Declares Dividend for the Quarter Ended June 30, 2025, Payable on October 15, 2025 McCoy Global Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per common share payable on October 15, 2025, to shareholders of record as of close of business on September 30, 2025 for the period ended June 30, 2025. Upcoming Dividend • Jun 23
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 28% and the cash payout ratio is 82%. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (6.1%). In line with average of industry peers (2.3%). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$4.06, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 8x in the Energy Services industry in Canada. Total returns to shareholders of 312% over the past three years. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: CA$0.03 (vs CA$0.04 in 1Q 2024) First quarter 2025 results: EPS: CA$0.03 (down from CA$0.04 in 1Q 2024). Revenue: CA$19.3m (up 17% from 1Q 2024). Net income: CA$946.0k (down 3.0% from 1Q 2024). Profit margin: 4.9% (down from 5.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 05
Fourth quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (88% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 108% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 02
McCoy Global Inc. Declares Dividend for the Quarter Ended March 31, 2025, Payable on July 15, 2025 McCoy Global Inc. announced that its Board of Directors has declared quarterly cash dividend of $0.025 per common share for the quarter ended March 31, 2025, payable on July 15, 2025, to shareholders of record at close of business on June 30, 2025. The dividend per common share is a regular dividend and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CA$3.39, the stock trades at a trailing P/E ratio of 10.3x. Average forward P/E is 7x in the Energy Services industry in Canada. Total returns to shareholders of 280% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CA$2.54, the stock trades at a trailing P/E ratio of 7.8x. Average forward P/E is 7x in the Energy Services industry in Canada. Total returns to shareholders of 191% over the past three years. Upcoming Dividend • Mar 24
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 15 April 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Canadian dividend payers (6.3%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$2.93, the stock trades at a trailing P/E ratio of 9x. Average forward P/E is 7x in the Energy Services industry in Canada. Total returns to shareholders of 229% over the past three years. Declared Dividend • Mar 10
Fourth quarter dividend increased to CA$0.025 Dividend of CA$0.025 is 25% higher than last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 108% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: CA$0.33 (vs CA$0.23 in FY 2023) Full year 2024 results: EPS: CA$0.33 (up from CA$0.23 in FY 2023). Revenue: CA$77.5m (up 11% from FY 2023). Net income: CA$8.87m (up 36% from FY 2023). Profit margin: 11% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Energy Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 06
McCoy Global Inc. Increase Quarterly Dividend, Payable on April 15, 2025 McCoy Global Inc. Announced the increase of its quarterly cash dividend to $0.025 per common share payable on April 15, 2025, to shareholders of record as of close of business on March 31, 2025. Annuncio • Mar 03
McCoy Global Inc., Annual General Meeting, May 01, 2025 McCoy Global Inc., Annual General Meeting, May 01, 2025. Location: alberta, edmonton Canada Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$3.07, the stock trades at a trailing P/E ratio of 11.4x. Average forward P/E is 10x in the Energy Services industry in Canada. Total returns to shareholders of 338% over the past three years. Upcoming Dividend • Dec 24
Upcoming dividend of CA$0.02 per share Eligible shareholders must have bought the stock before 31 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (2.0%). Declared Dividend • Nov 13
Third quarter dividend of CA$0.02 announced Shareholders will receive a dividend of CA$0.02. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: CA$0.02 (vs CA$0.07 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.02 (down from CA$0.07 in 3Q 2023). Revenue: CA$15.8m (down 6.1% from 3Q 2023). Net income: CA$516.0k (down 73% from 3Q 2023). Profit margin: 3.3% (down from 11% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CA$2.83, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Energy Services industry in Canada. Total returns to shareholders of 267% over the past three years. Annuncio • Nov 08
Mccoy Global Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2025 McCoy Global Inc. declared a quarterly cash dividend of $0.02 per common share payable on January 15, 2025, to shareholders of record as of close of business on December 31, 2024. Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$3.43, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 339% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$2.60, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 274% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.02 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (2.4%). Declared Dividend • Aug 14
Second quarter dividend of CA$0.02 announced Shareholders will receive a dividend of CA$0.02. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 183% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: CA$0.12 (vs CA$0.05 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.12 (up from CA$0.05 in 2Q 2023). Revenue: CA$19.9m (up 23% from 2Q 2023). Net income: CA$3.13m (up 119% from 2Q 2023). Profit margin: 16% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 09
McCoy Global Inc. Declares Quarterly Cash Dividend, Payable on October 15, 2024 McCoy Global Inc. has declared a quarterly cash dividend of $0.02 per common share payable on October 15, 2024, to shareholders of record as of close of business on September 30, 2024. Declared Dividend • May 15
First quarter dividend of CA$0.02 announced Shareholders will receive a dividend of CA$0.02. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (CA$54.5m market cap, or US$39.9m). Reported Earnings • May 13
First quarter 2024 earnings released: EPS: CA$0.04 (vs CA$0.02 in 1Q 2023) First quarter 2024 results: EPS: CA$0.04 (up from CA$0.02 in 1Q 2023). Revenue: CA$16.5m (down 1.9% from 1Q 2023). Net income: CA$975.0k (up 85% from 1Q 2023). Profit margin: 5.9% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annuncio • May 11
McCoy Global Inc. Announces Quarterly Cash Dividend, Payable on July 15, 2024 McCoy Global Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per common share payable on July 15, 2024, to shareholders of record as of close of business on June 30, 2024. The dividend per common share is a regular dividend and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Upcoming Dividend • Mar 20
Upcoming dividend of CA$0.02 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Canadian dividend payers (6.4%). Lower than average of industry peers (3.0%). Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: CA$0.23 (vs CA$0.31 in FY 2022) Full year 2023 results: EPS: CA$0.23 (down from CA$0.31 in FY 2022). Revenue: CA$69.7m (up 33% from FY 2022). Net income: CA$6.53m (down 26% from FY 2022). Profit margin: 9.4% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 14
McCoy Global Inc. Announces Quarterly Cash Dividend, Payable on April 15, 2024 McCoy Global Inc. announced the doubling of its quarterly cash dividend to $0.02 per common share payable on April 15, 2024, to shareholders of record as of close of business on March 31, 2024. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$1.90, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Energy Services industry in Canada. Total returns to shareholders of 207% over the past three years. Annuncio • Mar 02
McCoy Global Inc., Annual General Meeting, May 09, 2024 McCoy Global Inc., Annual General Meeting, May 09, 2024. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$2.40, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 8x in the Energy Services industry in Canada. Total returns to shareholders of 294% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of CA$0.01 per share at 2.0% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 15 January 2024. Payout ratio is a comfortable 4.8% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (3.5%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.009 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.07 (up from CA$0.009 in 3Q 2022). Revenue: CA$16.9m (up 36% from 3Q 2022). Net income: CA$1.90m (up CA$1.63m from 3Q 2022). Profit margin: 11% (up from 2.2% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 10
McCoy Global Inc. Declares Quarterly Cash Dividend, Payable on January 15, 2024 McCoy Global Inc. announced its Board of Directors has declared a quarterly cash dividend of $0.01 per common share payable on January 15, 2024, to shareholders of record as of close of business on December 31, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of CA$0.01 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 October 2023. Trailing yield: 2.6%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CA$0.05 (vs CA$0.04 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.05 (up from CA$0.04 in 2Q 2022). Revenue: CA$16.2m (up 26% from 2Q 2022). Net income: CA$1.43m (up 36% from 2Q 2022). Profit margin: 8.8% (up from 8.2% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 12
McCoy Global Inc. Declares Quarterly Cash Dividend, Payable on October 15, 2023 McCoy Global Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.01 per common share payable on October 15, 2023 to shareholders of record as of close of business on September 30, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of CA$0.01 per share at 2.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 July 2023. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (4.1%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.01 in 1Q 2022) First quarter 2023 results: EPS: CA$0.02 (up from CA$0.01 in 1Q 2022). Revenue: CA$16.9m (up 90% from 1Q 2022). Net income: CA$528.0k (up 203% from 1Q 2022). Profit margin: 3.1% (up from 2.0% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CA$1.55, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 9x in the Energy Services industry in Canada. Total returns to shareholders of 325% over the past three years. Reported Earnings • Mar 11
Full year 2022 earnings released: EPS: CA$0.31 (vs CA$0.15 in FY 2021) Full year 2022 results: EPS: CA$0.31 (up from CA$0.15 in FY 2021). Revenue: CA$52.4m (up 60% from FY 2021). Net income: CA$8.76m (up 115% from FY 2021). Profit margin: 17% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$1.30, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 10x in the Energy Services industry in Canada. Total returns to shareholders of 202% over the past three years. Recent Insider Transactions Derivative • Jan 25
President exercised options to buy CA$122k worth of stock. On the 19th of January, James Rakievich exercised options to buy 120k shares at a strike price of around CA$0.65, costing a total of CA$78k. This transaction amounted to 16% of their direct individual holding at the time of the trade. Since September 2022, James' direct individual holding has increased from 722.42k shares to 757.88k. Company insiders have collectively bought CA$29k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Kathy Demuth was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 30
McCoy GlobalInc. Forms a Strategy and Capital Allocation Committee McCoy GlobalInc. announced that McCoy has formed a Strategy and Capital Allocation Committee of independent members of the Board of Directors of the Corporation (the Committee), comprising Mr. Alex Ryzhikov (Chair of the Committee), Ms. Katherine Demuth, Mr. Cory Janssen and Mr. John Walker. The mandate of the Committee is to, among other things, assist the Corporation in executing on its Board approved strategic plan that aims to further improve the Corporation's full-cycle returns on invested capital through a range of organic and inorganic initiatives. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.04 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.04 (vs CA$0.04 in 2Q 2021). Revenue: CA$12.9m (up 111% from 2Q 2021). Net income: CA$1.05m (down 8.7% from 2Q 2021). Profit margin: 8.2% (down from 19% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kathy Demuth was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 17% share price gain to CA$1.12, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 16x in the Energy Services industry in Canada. Total returns to shareholders of 120% over the past three years. Annuncio • Jul 16
McCoy Global Inc. Announces the Appointment of Ms. Katherine Demuth to Board of Directors McCoy Global Inc. announced the addition of Ms. Katherine (Kathy) Demuth to its Board of Directors. Ms. Demuth is an independent consultant providing business advisory and financial services to a variety of organizations. Ms. Demuth previously served as Chief Financial Officer of ZCL Composites Inc., a leading North American manufacturer of environmentally friendly fiberglass plastic underground storage tanks, from 2010 up until its sale to Shawcor Ltd. in 2019. Previous to her role with ZCL, Ms. Demuth was Internal Audit Manager for Finning (Canada) div. of Finning International Inc. from April, 2008 to April, 2009. Prior to that, Ms. Demuth held progressively more responsible roles with Grant Thornton LLP Chartered Accountants from 1994 to 2008, leaving public practice as a Senior Manager. Ms. Demuth is a Chartered Accountant, a Certified Management Accountant and a Certified Internal Auditor (non practicing). Reported Earnings • May 10
First quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.01 loss in 1Q 2021) First quarter 2022 results: EPS: CA$0.01 (up from CA$0.01 loss in 1Q 2021). Revenue: CA$8.89m (up 21% from 1Q 2021). Net income: CA$174.0k (up CA$332.0k from 1Q 2021). Profit margin: 2.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 32% share price gain to CA$1.08, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 12x in the Energy Services industry in Canada. Total returns to shareholders of 14% over the past three years. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: CA$32.8m (down 15% from FY 2020). Net income: CA$4.08m (up CA$6.25m from FY 2020). Profit margin: 12% (up from net loss in FY 2020). Revenue missed analyst estimates by 13%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.03 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$9.89m (up 30% from 3Q 2020). Net income: CA$621.0k (up CA$1.34m from 3Q 2020). Profit margin: 6.3% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.