TSX:MCB

Stock Analysis Report

Executive Summary

McCoy Global Inc., together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has McCoy Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MCB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MCB

-4.5%

CA Energy Services

0.1%

CA Market


1 Year Return

-56.5%

MCB

-36.6%

CA Energy Services

4.7%

CA Market

Return vs Industry: MCB underperformed the Canadian Energy Services industry which returned -36.6% over the past year.

Return vs Market: MCB underperformed the Canadian Market which returned 4.7% over the past year.


Shareholder returns

MCBIndustryMarket
7 Day0%-4.5%0.1%
30 Day-20.6%-4.6%0.8%
90 Day-19.4%-2.5%3.7%
1 Year-56.5%-56.5%-34.6%-36.6%7.9%4.7%
3 Year-72.2%-72.2%-55.0%-58.3%17.9%7.3%
5 Year-87.0%-87.3%-57.4%-62.4%33.8%14.4%

Price Volatility Vs. Market

How volatile is McCoy Global's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is McCoy Global undervalued compared to its fair value and its price relative to the market?

13.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MCB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MCB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MCB is good value based on its PE Ratio (13.5x) compared to the Energy Services industry average (14.4x).

PE vs Market: MCB is good value based on its PE Ratio (13.5x) compared to the Canadian market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MCB is good value based on its PB Ratio (0.4x) compared to the CA Energy Services industry average (0.7x).


Next Steps

Future Growth

How is McCoy Global forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MCB's forecast earnings growth is above the savings rate (1.4%).

Earnings vs Market: Insufficient data to determine if MCB's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MCB's revenue (12.2% per year) is forecast to grow faster than the Canadian market (4.7% per year).

High Growth Revenue: MCB's revenue (12.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MCB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has McCoy Global performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MCB has high quality earnings.

Growing Profit Margin: MCB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MCB has become profitable over the past 5 years, growing earnings by -8.3% per year.

Accelerating Growth: MCB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MCB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (26.1%).


Return on Equity

High ROE: MCB's Return on Equity (2.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is McCoy Global's financial position?


Financial Position Analysis

Short Term Liabilities: MCB's short term assets (CA$48.2M) exceed its short term liabilities (CA$13.9M).

Long Term Liabilities: MCB's short term assets (CA$48.2M) exceed its long term liabilities (CA$8.0M).


Debt to Equity History and Analysis

Debt Level: MCB's debt to equity ratio (17%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MCB's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: MCB has a high level of physical assets or inventory.

Debt Coverage by Assets: MCB's debt is covered by short term assets (assets are 7.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MCB is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: MCB is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is McCoy Global's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage5.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MCB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MCB is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCB's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Jim Rakievich 0

17.3yrs

Tenure

CA$653,468

Compensation

Mr. James W. Rakievich, also known as Jim, ICD.D., has been the Chief Executive Officer and President of Inotec Coatings and Hydraulics Inc. since 2002. Mr. Rakievich has been the Chief Executive Officer a ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD494.54K) is above average for companies of similar size in the Canadian market ($USD154.65K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Rakievich
President17.3yrsCA$653.47k2.4% CA$331.9k
Lindsay McGill
VP & CFO1.4yrsCA$231.78k0.079% CA$10.9k
Bing Deng
Vice President of Sales & Marketing1.9yrsCA$435.19k0.25% CA$34.1k

1.9yrs

Average Tenure

Experienced Management: MCB's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
James Rakievich
President17.3yrsCA$653.47k2.4% CA$331.9k
Dale Tremblay
Independent Director4.8yrsCA$52.50k0.054% CA$7.5k
Christopher Seaver
Independent Chairperson of the Board5.7yrsCA$54.50k1.07% CA$148.4k
Terry Freeman
Independent Director10.4yrsCA$53.30kno data
Carmen Loberg
Independent Director11.8yrsCA$54.90k0.18% CA$25.0k
William Walker
Independent Director0.2yrsno datano data

8.0yrs

Average Tenure

64yo

Average Age

Experienced Board: MCB's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

McCoy Global Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: McCoy Global Inc.
  • Ticker: MCB
  • Exchange: TSX
  • Founded: 1914
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: CA$13.815m
  • Shares outstanding: 27.63m
  • Website: https://www.mccoyglobal.com

Number of Employees


Location

  • McCoy Global Inc.
  • 9618–42 Avenue NW
  • Suite 301
  • Edmonton
  • Alberta
  • T6E 5Y4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCBTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1997
MCCR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1997
773BST (Boerse-Stuttgart)YesCommon SharesDEEURNov 1997

Biography

McCoy Global Inc., together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts. The company also offers data collection technologies used in rugged applications in the energy industry, as well as in construction, marine, and aerospace sectors; and engages in the provision of repair, maintenance, and calibration of the capital equipment and similar competitor products, as well as rental of capital equipment. In addition, its products include hydraulic power tongs used to make-up and break-out casing, tubing, and drill-pipe; bucking units used for assembling couplings to casing in tubular manufacturing plants; diesel and electric hydraulic power units; torque-turn monitoring and control software system; wireless data subs; roughnecks; load monitoring systems; portable aircraft digital scales; and winch control systems. Further, the company provides aftermarket products and services, such as dies and inserts for tubular make-up and handling equipment; and gauging services. It offers its products and services through direct sales, agents, re-sellers, and distributors primarily under the brand names of WINCATT, GRITFACE, HYTOPS, CHROMEMASTER, LOCKJAW, weCATT, and weTORQ. McCoy Global Inc. has operations in the United States, Latin America, the Middle East, Africa, Europe, Canada, the Asia Pacific, and Russia. The company was formerly known as McCoy Corporation and changed its name to McCoy Global Inc. in July 2014. McCoy Global Inc. was founded in 1914 and is headquartered in Edmonton, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:58
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.