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Canadian cable/telecom operator providing internet, TV and phone service in Quebec/Ontario (Cogeco Connexion) and the US (Breezeline).
Canadian cable/telecom operator providing internet, TV and phone service in Quebec/Ontario (Cogeco Connexion) and the US (Breezeline).
Bills monthly subscriptions for internet, TV and phone to homes and small businesses; broadband is now the lead product as TV viewers decline. Its US arm, Breezeline, was formerly Atlantic Broadband. The Audet family, through Cogeco Inc., holds control.
In one line: A regional cable operator like a smaller Charter/Cable One.
Moat: narrow (installed base, regulatory licence). Regional cable network infrastructure is costly to duplicate, though it faces fibre and wireless competition.
Headquarters: Montreal, Canada · Founded: 1957 · Employees: 3,568
Size Cogeco Communications (CCA.TO) is a Canada Communication Services company (Cable/Satellite TV) with a market value of $1.67B, the 197th largest of 420 Canada companies the cockpit tracks. Shares closed at C$55.20 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against -12.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 13 in its peer set.
Growth Revenue fell 4.0% over the last twelve months (peer median -1.9%); the operating margin is 26.2% (peer median 2.5%).
Valuation It trades at 7.8× forward earnings against a peer median of 9.2× (2nd cheapest of 6).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points above its cost of capital (5.3% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | C$2.79B | C$2.79B | C$2.91B | C$2.98B | C$2.98B |
| Revenue growth | — | -4% | -2% | 0% | — |
| Gross profit | C$868M | C$870M | C$868M | C$910M | C$932M |
| EBITDA | C$1.39B | C$1.39B | C$1.44B | C$1.44B | C$1.42B |
| Net income | -C$1.10B | -C$1.10B | C$323M | C$336M | C$392M |
| Free cash flow | C$458M | C$458M | C$542M | C$516M | C$160M |
| Capital expenditure | C$575M | C$575M | C$609M | C$862M | C$863M |
| Total debt | C$4.36B | C$4.36B | C$4.56B | C$4.82B | C$5.04B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cogeco Communications CCA.TO | $1.67B | -13% | -4% | 26% | 7.8× | -8.9% |
| Rogers Communications RCI-B.TO | $18.3B | -6% | +8% | 23% | 10.7× | 1.1% |
| BCE BCE.TO | $20.3B | -9% | +2% | 22% | 12.3× | -0.9% |
| Charter Communications CHTR | $20.8B | -24% | -2% | 24% | 3.1× | -8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CCA.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.1% | -0.7% | 3rd highest of 13 |
| 6-month return | -13.1% | -12.6% | 7th highest of 13 |
| Distance from 52-week high | -28.7% | -32.2% | 4th highest of 13 |
| Revenue growth (TTM) | -4.0% | -1.9% | 6th lowest of 13 |
| Operating margin | 26.2% | 2.5% | highest of 13 |
| Forward P/E | 7.8× | 9.2× | 2nd cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | -8.9% | 11.1% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +2.2% | -0.7% | 5th highest of 9 |
| Hurdle (Req g minus delivered) | -11.0 pp | +4.0 pp | least demanding of 9 |
| ROIC minus cost of capital | +3.1 pp | -4.5 pp | 2nd highest of 12 |
| EV / EBITDA | 4.9× | 10.4× | 2nd cheapest of 6 |
| Net debt / EBITDA | 3.1× | 3.8× | 3rd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cogeco Communications CCA.TO | Canada | $1.67B | -13% | -4% | 26% | 7.8× | -8.9% | +2.2% |
| Cyfrowy Polsat CPS.WA | Poland | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% | +3.7% |
| Wasu Media 000156.SZ | China | $2.17B | +5% | -4% | 2% | n/a | -6.9% | +3.9% |
| Guizhou Broadcasting & TV Information Network 600996.SS | China | $1.22B | -23% | -7% | -89% | n/a | 30.2% | -18.3% |
| Jiangsu Broadcasting Cable Information Network 600959.SS | China | $2.42B | -17% | -8% | -8% | n/a | n/a | n/a |
| Guangxi Beitou Technology 600936.SS | China | $925M | -11% | +13% | 2% | n/a | 15.7% | +10.6% |
| Canal+ CAN.L | United Kingdom | $3.11B | +2% | +10% | 4% | 9.2× | n/a | n/a |
| Shenzhen Topway Video Communication 002238.SZ | China | $810M | -8% | -16% | -22% | n/a | 16.0% | -5.8% |
| Stingray RAY.TO | Canada | $786M | +11% | +32% | 20% | 8.1× | 5.5% | +13.1% |
| Hubei Broadcasting & Television Information Network 000665.SZ | China | $698M | -15% | +1% | -48% | n/a | n/a | n/a |
| Oriental Pearl 600637.SS | China | $4.07B | -19% | -7% | 3% | 29.9× | 15.5% | -5.7% |
| Viaplay VPLAY-A.ST | Sweden | $615M | +32% | +20% | 3% | n/a | n/a | n/a |
| Versant Media VSNT | United States | $4.59B | -18% | -4% | 18% | 5.5× | -13.9% | -5.1% |