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Employees: 3,293
Size Cogeco (CGO.TO) is a Canada Communication Services company (Major Telecommunications) with a market value of $349M, the 394th largest of 420 Canada companies the cockpit tracks. Shares closed at C$50.68 on 6 Nov 2026.
Performance Over six months the shares fell 19.8%, against -21.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th highest of 16 in its peer set.
Growth Revenue fell 4.0% over the last twelve months (peer median +5.6%); the operating margin is 25.5% (peer median 9.7%).
Valuation It trades at 5.5× forward earnings against a peer median of 13.8× (cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | C$2.89B | C$2.89B | C$3.01B | C$3.07B | C$3.08B |
| Revenue growth | — | -4% | -2% | 0% | — |
| Gross profit | C$856M | C$859M | C$862M | C$904M | C$929M |
| EBITDA | C$1.40B | C$1.40B | C$1.45B | C$1.45B | C$1.43B |
| Net income | -C$340M | -C$340M | C$85.0M | C$96.7M | C$70.6M |
| Free cash flow | C$462M | C$462M | C$528M | C$521M | C$162M |
| Capital expenditure | C$578M | C$578M | C$612M | C$867M | C$866M |
| Total debt | C$4.50B | C$4.50B | C$4.71B | C$4.98B | C$5.11B |
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.
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 | CGO.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -1.4% | 6th highest of 16 |
| 6-month return | -19.8% | -21.8% | 8th highest of 16 |
| Distance from 52-week high | -34.2% | -38.2% | 7th highest of 16 |
| Revenue growth (TTM) | -4.0% | +5.6% | 3rd lowest of 16 |
| Operating margin | 25.5% | 9.7% | 4th highest of 16 |
| Forward P/E | 5.5× | 13.8× | cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -11.3% | 5.4% | least demanding of 12 |
| Growth delivered (Del g) | +2.1% | +9.8% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -13.4 pp | +2.4 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +3.4 pp | -1.8 pp | 5th highest of 14 |
| EV / EBITDA | 4.5× | 9.9× | 3rd cheapest of 12 |
| Net debt / EBITDA | 3.2× | 1.3× | 4th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cogeco CGO.TO | Canada | $349M | -20% | -4% | 26% | 5.5× | -11.3% | +2.1% |
| China Changbaishan International 0989.HK | Hong Kong | $318M | -27% | -71% | -48% | n/a | n/a | n/a |
| Route Mobile ROUTE.NS | India | $301M | -22% | +1% | 9% | 7.7× | -8.0% | +25.7% |
| Ovzon OVZON.ST | Sweden | $417M | -26% | +77% | 26% | 18.0× | 13.1% | +35.6% |
| ATN International ATNI | United States | $432M | -1% | +2% | 8% | 31.5× | 4.5% | +9.8% |
| Ooma OOMA | United States | $497M | -7% | +17% | 5% | 13.0× | 22.7% | +10.1% |
| NOVA Technology 300921.SZ | China | $504M | -32% | +2% | 5% | n/a | 23.9% | +2.2% |
| Shenandoah Telecommunications SHEN | United States | $534M | -40% | +6% | -3% | n/a | n/a | n/a |
| Bahnhof BAHN-B.ST | Sweden | $681M | +12% | +8% | 11% | 25.2× | 10.9% | +8.5% |
| RailTel Corp. of India RAILTEL.NS | India | $817M | -31% | +23% | 10% | 18.8× | 31.3% | +25.4% |
| HKBN 1310.HK | Hong Kong | $1.02B | -25% | +6% | 3% | 10.1× | n/a | n/a |
| Hicon Network Technology (Shandong) 301262.SZ | China | $1.21B | +1% | +2% | 38% | 30.8× | 5.4% | +0.1% |
| Grupo Televisa, S.A.B. Sponsored ADR TV | United States | $1.24B | -18% | +6% | 11% | 9.9× | 1.1% | -7.5% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | n/a | n/a | n/a |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |