Cogeco Communications Inc. operates as a communications corporation in North America.
Undervalued established dividend payer.
Share Price & News
How has Cogeco Communications's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COG exceeded the German Media industry which returned -19.6% over the past year.
Return vs Market: COG exceeded the German Market which returned -16.6% over the past year.
Price Volatility Vs. Market
How volatile is Cogeco Communications's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Cogeco Communications undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COG (€63) is trading below our estimate of fair value (€131.13)
Significantly Below Fair Value: COG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COG is good value based on its PE Ratio (13.5x) compared to the Media industry average (23.4x).
PE vs Market: COG is good value based on its PE Ratio (13.5x) compared to the German market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: COG is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: COG is good value based on its PB Ratio (2.1x) compared to the DE Media industry average (2.3x).
How is Cogeco Communications forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COG's forecast earnings growth (8.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: COG's earnings (8.7% per year) are forecast to grow slower than the German market (14% per year).
High Growth Earnings: COG's earnings are forecast to grow, but not significantly.
Revenue vs Market: COG's revenue (2.1% per year) is forecast to grow slower than the German market (3.9% per year).
High Growth Revenue: COG's revenue (2.1% 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 COG's Return on Equity is forecast to be high in 3 years time
How has Cogeco Communications performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COG has high quality earnings.
Growing Profit Margin: COG's current net profit margins (15%) are lower than last year (16.6%).
Past Earnings Growth Analysis
Earnings Trend: COG's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: COG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COG had negative earnings growth (-5.5%) over the past year, making it difficult to compare to the Media industry average (17%).
Return on Equity
High ROE: COG's Return on Equity (14%) is considered low.
How is Cogeco Communications's financial position?
Financial Position Analysis
Short Term Liabilities: COG's short term assets (CA$674.2M) exceed its short term liabilities (CA$525.1M).
Long Term Liabilities: COG's short term assets (CA$674.2M) do not cover its long term liabilities (CA$3.8B).
Debt to Equity History and Analysis
Debt Level: COG's debt to equity ratio (130.3%) is considered high.
Reducing Debt: COG's debt to equity ratio has reduced from 184% to 130.3% over the past 5 years.
Debt Coverage: COG's debt is well covered by operating cash flow (28.3%).
Interest Coverage: COG's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Cogeco Communications's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COG's dividend (2.42%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: COG's dividend (2.42%) is low compared to the top 25% of dividend payers in the German market (4.71%).
Stability and Growth of Payments
Stable Dividend: COG's dividends per share have been stable in the past 10 years.
Growing Dividend: COG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.3%), COG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COG's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Philippe Jetté (54yo)
Mr. Philippe Jetté, P.Eng, has been President and Chief Executive Officer of Cogeco Inc. and Cogeco Communications Inc., since September 01, 2018 respectively. He serves as Director of Cogeco Inc. since Ja ...
CEO Compensation Analysis
Compensation vs Market: Philippe's total compensation ($USD2.41M) is about average for companies of similar size in the German market ($USD3.30M).
Compensation vs Earnings: Philippe's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman of the Board||1.58yrs||CA$2.24m||0.19% CA$5.9m|
|CFO & Senior VP||5.42yrs||CA$1.44m||0.0013% CA$39.0k|
|Vice President of Engineering & Operations||no data||no data||no data|
|Senior VP and Chief Technology & Strategy Officer||3.67yrs||no data||0.00012% CA$3.7k|
|Senior VP of Corporate Affairs||18.25yrs||CA$1.14m||0.0049% CA$150.2k|
|Senior VP and Chief Public Affairs & Communications Officer||no data||no data||0.00016% CA$5.0k|
|Vice President of Human Resources & Communications||no data||no data||no data|
|Vice President of Corporate Development||4.08yrs||no data||0.00027% CA$8.4k|
|Senior VP & Chief Human Resources Officer||4.5yrs||no data||0.0026% CA$81.2k|
Experienced Management: COG's management team is considered experienced (4.1 years average tenure).
|Executive Chairman of the Board||1.58yrs||CA$2.24m||0.19% CA$5.9m|
|Independent Director||21.25yrs||CA$75.00k||0.0082% CA$254.3k|
|Independent Director||4.25yrs||CA$136.00k||no data|
|Director||0.25yr||no data||no data|
|Lead Independent Director||1.25yrs||CA$58.13k||no data|
|Independent Director||1.25yrs||CA$95.00k||no data|
|Independent Director||5.25yrs||CA$120.00k||0.0033% CA$101.3k|
|Independent Director||1.25yrs||CA$123.33k||no data|
|Independent Director||11.25yrs||CA$130.25k||0.0082% CA$253.1k|
Experienced Board: COG's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cogeco Communications Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cogeco Communications Inc.
- Ticker: COG
- Exchange: DB
- Founded: 1972
- Industry: Cable and Satellite
- Sector: Media
- Market Cap: CA$4.720b
- Listing Market Cap: CA$3.097b
- Shares outstanding: 48.96m
- Website: https://corpo.cogeco.com/cca/en
Number of Employees
- Cogeco Communications Inc.
- 5 Place Ville Marie
- Suite 1700
- H3B 0B3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCA||TSX (The Toronto Stock Exchange)||Yes||Subordinate Voting Shares||CA||CAD||Jul 1993|
|COG||DB (Deutsche Boerse AG)||Yes||Subordinate Voting Shares||DE||EUR||Jul 1993|
|CGEA.F||OTCPK (Pink Sheets LLC)||Yes||Subordinate Voting Shares||US||USD||Jul 1993|
Cogeco Communications Inc. operates as a communications corporation in North America. The company operates in two segments, Canadian Broadband Services and American Broadband Services. It offers digital video and programming services, such as digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features. The company also provides a range of Internet packages; video services; telephony services; managed cloud services; and other advanced network connectivity services, such as session initiation protocol, primary rate interface trunk solutions, hosted private branch exchange solutions, and business and software efficiency services for business customers. The company was formerly known as Cogeco Cable Inc. and changed its name to Cogeco Communications Inc. in January 2016. The company was founded in 1972 and is headquartered in Montreal, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 22:04|
|End of Day Share Price||2020/04/07 00:00|
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.