I own this stock of McCoy Global Inc (TSX-MCB, OTC-MCCRF). I decided to try out McCoy in 2011. They had just restored their dividend. I want to use it as a fuller stock in my TFSA account. For me a fuller stock is one that uses up bits of extra money in an account.
When I was updating my spreadsheet, I noticed There is a lot of red on the spreadsheet. It hit bottom in 2016 and has been improving since. There is lots of insider buying.
Currently they are not paying dividends. They have paid dividends in the past and expect that they will pay them again sometime in the future. They have even paid a special dividend. They have had earning loss in the last 4 years, so they are currently in no shape to pay dividends at this time.
The Dividend Payout Ratios have been erratic in pass, but they have cut their dividends whenever there has been earning losses. I suspect they will do the same in the future.
Debt Ratios are quite good and have always been. The Long Term Debt/Market Cap Ratio is good at 0.14 for 2018. The Liquidity Ratio is very good at 3.34 for 2018 with 5 year median at 3.81. This ratio has always been good on this stock. The Debt Ratio is very good at 3.09 with 5 year median at 4.46. Leverage and Debt/Equity Ratios are also very good at 1.48 and 0.48 respectively.
The Total Return per year is shown below for years of 5 to 21 to the end of 2018. Under the Capital Gain column is the portion of the Total Return attributable to capital gains. Under the Dividend column is the portion of the Total Return attributable to dividends. See charts below.
| From | Years | Div. Gth | Tot Ret | Cap Gain | Div. |
|---|---|---|---|---|---|
| 2013 | 5 | 0.00% | -30.86% | -31.90% | 1.04% |
| 2008 | 10 | 0.00% | 3.95% | -2.96% | 6.91% |
| 2003 | 15 | 0.00% | 20.77% | 7.67% | 13.10% |
| 1998 | 20 | 0.30% | -3.41% | 3.70% | |
| 1997 | 21 | -2.60% | -5.59% | 2.99% |
The 5 year low, median, and high median Price/Earnings per Share Ratios are -2.32, -3.19 and -4.07. The 10 year corresponding ratios are 2.08, 3.32 and 4.15. The corresponding 10 year ratios are 3.08, 8.27 and 10.19. The current P/E Ratio is 6.00 based on a stock price of $0.78 and 2019 EPS estimate of $0.13. This stock price testing suggests that the stock price is relatively expensive.
I get a Graham Price of $2.07. The 10 year low, median, and high median Price/Graham Price Ratios are 0.47, 0.70 and 0.86. The current P/B Ratio is 0.38 based on a stock price of 0.78. This stock price testing suggests that the stock price is relatively cheap.
I get a 10 year median Price/Book Value per Share Ratio of 1.22. The current P/B ratio is 0.53 based on a stock price of $0.78, Book Value of $40M, and Book Value per Share of $1.47. The current ratio is some 57% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.
The 10 year median Price/Sales (Revenue) Ratio is 0.81. The current P/S Ratio is 0.34 based on 2019 Revenue of $62.5M, Revenue per Share of $2.27 and a stock price of $0.78. The current ratio is some 57% below the 10 year median ratio. This stock price testing suggests that the stock price is relatively cheap.
Results of stock price testing is that the stock price is relatively cheap. The important test are the P/S Ratio and P/B Ratio tests. The P/E Ratio is rubbish, but this often happens.
When I look at analysts’ recommendations, I find Strong Buy (1), Buy (1) and Hold (1). The consensus would be a Buy. The 12 month stock price consensus is $1.35. This implies a total return of $73.08% all from capital gain.
See what analysts are saying on Stock Chase. This stock is not often followed. A writer on Simply Wall Street talks about insider buying. A positive report on Newswire of the fourth quarterly results. A Writer on Simply Wall Street talk about who owns stock in this company. Nick Waddell on CanTech writes positively about this company in November 2018.
McCoy Global Inc is a provider of equipment and technologies used for making up threaded connections in the oil and gas industry. The company is engaged in the design, production, and distribution of capital equipment used in both off-shore and land drilling markets to handle makeup and measure tubular products, such as casing. Its web site is here McCoy Global Inc.
The last stock I wrote about was about was Thomson Reuters Corp. (TSX-TRI, NYSE-TRI) ... learn more. The next stock I will write about will be TFI International (TSX-TFII, OTC-TFIFF) ... learn more on Monday, May 6, 2019 around 5 pm.
This blog is meant for educational purposes only and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
See my website for stocks followed and investment notes. I have three blogs. The first talks only about specific stocks and is called Investment Talk. The second one contains information on mostly investing and is called Investing Economics Mostly. My last blog is for my book reviews and it is called Non-Fiction Mostly. Follow me on Twitter or StockTwits. I am on Instagram. Or you can just Google #walktoronto spbrunner8166 to see my pictures.
No comments:
Post a Comment