Cogeco Communications Inc.

DB:COG Stock Report

Market Cap: €1.7b

Cogeco Communications Valuation

Is COG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of COG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€254.21
Fair Value
84.0% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: COG (€40.6) is trading below our estimate of fair value (€254.21)

Significantly Below Fair Value: COG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for COG?

Key metric: As COG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for COG. This is calculated by dividing COG's market cap by their current earnings.
What is COG's PE Ratio?
PE Ratio7.5x
EarningsCA$346.63m
Market CapCA$2.57b

Price to Earnings Ratio vs Peers

How does COG's PE Ratio compare to its peers?

The above table shows the PE ratio for COG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.6x
O2D Telefónica Deutschland Holding
22.4x-11.4%€6.1b
E4C ecotel communication ag
53.2x64.5%€49.6m
DTE Deutsche Telekom
26.4x15.1%€157.7b
1U1 1&1
8.4x3.2%€2.1b
COG Cogeco Communications
7.5x4.9%€2.6b

Price-To-Earnings vs Peers: COG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (27.6x).

Price to Earnings Ratio vs Industry

How does COG's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
COG 7.5xIndustry Avg. 18.0xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: COG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the European Telecom industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is COG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

COG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: COG is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst COG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€40.60
€52.56
+29.5%
8.5%€61.24€47.26n/a11
Jan ’26€44.40
€53.22
+19.9%
5.6%€59.77€49.03n/a10
Dec ’25€44.80
€52.41
+17.0%
5.5%€58.86€48.28n/a10
Nov ’25€46.00
€50.95
+10.8%
6.9%€56.20€42.98n/a10
Oct ’25€47.00
€47.68
+1.4%
10.8%€56.17€39.65n/a10
Sep ’25€42.60
€46.34
+8.8%
11.1%€56.23€39.69n/a10
Aug ’25€42.00
€46.13
+9.8%
10.2%€56.78€40.08n/a10
Jul ’25€34.60
€45.58
+31.7%
10.3%€53.74€40.30n/a10
Jun ’25€35.00
€47.00
+34.3%
13.2%€61.44€40.96n/a10
May ’25€37.20
€47.00
+26.4%
13.2%€61.44€40.96n/a10
Apr ’25€40.40
€48.62
+20.3%
13.6%€63.33€42.90n/a10
Mar ’25€40.40
€48.62
+20.3%
13.6%€63.33€42.90n/a10
Feb ’25€42.40
€48.62
+14.7%
13.6%€63.33€42.90n/a10
Jan ’25€40.00
€48.89
+22.2%
13.7%€63.77€43.20€44.4010
Dec ’24€35.00
€46.45
+32.7%
14.3%€59.27€34.06€44.8010
Nov ’24€36.80
€50.66
+37.7%
13.3%€65.85€41.16€46.0010
Oct ’24€43.00
€54.60
+27.0%
13.3%€67.20€42.00€47.0010
Sep ’24€45.20
€53.20
+17.7%
15.4%€70.80€40.45€42.6010
Aug ’24€45.60
€53.20
+16.7%
15.4%€70.80€40.45€42.0010
Jul ’24€47.60
€55.03
+15.6%
16.1%€73.05€41.74€34.6010
Jun ’24€43.80
€54.76
+25.0%
15.7%€71.74€40.99€35.0011
May ’24€43.20
€54.76
+26.8%
15.7%€71.74€40.99€37.2011
Apr ’24€42.80
€59.77
+39.6%
12.0%€74.74€50.28€40.4010
Mar ’24€48.20
€59.48
+23.4%
13.1%€75.78€48.23€40.4011
Feb ’24€47.20
€59.48
+26.0%
13.1%€75.78€48.23€42.4011
Jan ’24€52.50
€65.88
+25.5%
14.4%€82.61€51.72€40.0011
Analyst Price Target
Consensus Narrative from 11 Analysts
€51.92
Fair Value
21.8% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/30 03:32
End of Day Share Price 2025/01/30 00:00
Earnings2024/11/30
Annual Earnings2024/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cogeco Communications Inc. is covered by 23 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Phillip HuangBarclays
Tim CaseyBMO Capital Markets Equity Research
Matthew GriffithsBofA Global Research