McCoy Global (MCB) AI Stock Analysis

• Market Cap: $100.11M
• Dividend Yield: 2.53%
• Average Volume (3M): 61.73K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.68
• Revenue Growth: 15.65%
• EPS Growth: -18.26%
• Country: CA
• Employees: 138
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.05
• Shares Outstanding: 26,766,900
• 10 Day Avg. Volume: 41,357
• 30 Day Avg. Volume: 61,725
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 1.23
• Enterprise Value/Gross Profit: 3.37
• Enterprise Value/Ebitda: 8.00
• 1Y Price Target: $5.50
• Price Target Upside: 46.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: C$3.50 ▼(-6.67% Downside)

McCoy Global's strong financial performance, particularly in revenue growth and profitability, is a key strength. However, technical indicators suggest a lack of strong momentum, and the decline in free cash flow is a concern. The valuation is reasonable, providing a balanced outlook for potential investors.

McCoy Global Business Overview & Revenue Model

Company Description

McCoy Global Inc. provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry primarily in Canada. It designs, produces, and distributes capital equipment to support wellbore integrity; and supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts. The company also offers data collection technologies used in rugged applications in the energy, construction, marine, and aerospace sectors; and repair, maintenance, and calibration services for the capital equipment and related competitor products; and corporation technology rental services. In addition, it provides hydraulic power tongs used to make-up and break-out casing, tubing, and drill-pipe; casing running tools; tubular running technologies; torque-turn monitoring and control software system; wireless data subs; mud handling equipment; bucking units for assembling couplings to casing in tubular manufacturing plants; diesel and electric hydraulic power units; roughnecks; load monitoring systems; portable aircraft digital scales; and winch control systems. The company offers aftermarket products and services, including dies and inserts for tubular make-up and handling equipment; and gauging services. It markets its products and services through direct sales, agents, re-sellers, and distributors primarily under the SmarTR, Virtual ThreadRep, SmartCRT, SmartFMS, CalCERT, DWCRT, weCATT, weVERIFY, winCATT, GRITFACE, CLINCHER, HYTOPS, CHROMEMASTER, LOCKJAW, weTORQ, Autofill, AutoValve, and SWSES brand names in the United States, Latin America, the Middle East, Africa, Europe, Russia, the Asia Pacific, and Canada. The company was formerly known as McCoy Corporation and changed its name to McCoy Global Inc. in July 2014. McCoy Global Inc. was founded in 1914 and is headquartered in Edmonton, Canada.

How the Company Makes Money

McCoy Global generates revenue primarily through the sale of its specialized equipment and software solutions to oil and gas companies. Key revenue streams include direct product sales, service contracts for maintenance and support, and consulting services that help clients optimize their operations. Additionally, the company may engage in partnerships with major oil and gas firms, which can provide access to larger projects and collaborative innovations. The demand for advanced drilling and pipeline technologies, coupled with the industry's ongoing push for efficiency and safety, contributes significantly to McCoy Global's earnings.

McCoy Global Financial Statement Overview

Summary

McCoy Global presents a strong financial position with consistent revenue growth, solid profitability, and a stable balance sheet. The company's low leverage and effective equity utilization are strengths, though there is potential to enhance operational efficiency and cash conversion.

Income Statement

McCoy Global shows strong income statement performance with a consistent revenue growth trend, evidenced by a 3.62% growth from 2024 to TTM and a significant 17.72% increase from 2023 to 2024. The gross profit margin is robust at 36.07% TTM, indicating effective cost management. The net profit margin improved to 11.01% TTM, highlighting profitability. However, the EBIT margin of 12.54% suggests room for operational efficiency improvements.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.06 TTM, implying minimal leverage risk. The return on equity is healthy at 13.43% TTM, showcasing effective use of shareholders' equity. The equity ratio of 70.57% TTM supports financial stability, though the company should monitor its debt levels to maintain this balance.

Cash Flow

Cash flow analysis indicates positive trends with a 6.29% growth in free cash flow from 2024 to TTM and a strong operating cash flow to net income ratio of 0.92 TTM, suggesting efficient cash generation. The free cash flow to net income ratio of 0.37 TTM shows room for improvement in cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	84.46M	77.52M	69.69M	52.43M	32.80M	38.67M
Gross Profit	30.95M	27.63M	22.83M	15.76M	9.14M	7.95M
EBITDA	13.01M	14.59M	11.64M	11.57M	7.79M	2.25M
Net Income	7.08M	8.87M	6.53M	8.76M	4.08M	-2.17M
Balance Sheet
Total Assets	95.55M	97.85M	77.24M	77.79M	55.14M	52.66M
Cash, Cash Equivalents and Short-Term Investments	6.61M	17.06M	15.73M	21.47M	11.14M	12.14M
Total Debt	3.67M	3.98M	4.31M	10.06M	7.81M	11.33M
Total Liabilities	32.82M	31.65M	23.26M	26.08M	15.13M	17.15M
Stockholders Equity	62.73M	66.19M	53.98M	51.71M	40.01M	35.50M
Cash Flow
Free Cash Flow	2.06M	3.05M	2.20M	973.00K	-2.50M	5.03M
Operating Cash Flow	7.88M	6.51M	6.74M	2.87M	1.46M	8.81M
Investing Cash Flow	-5.82M	-3.45M	-4.50M	6.91M	-3.71M	-3.63M
Financing Cash Flow	-5.06M	-2.67M	-7.65M	-308.00K	1.40M	-1.14M

McCoy Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCB, the sentiment is Positive. The current price of 3.75 is above the 20-day moving average (MA) of 3.43, above the 50-day MA of 3.45, and above the 200-day MA of 3.24, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 66.82 is Neutral, neither overbought nor oversold. The STOCH value of 83.93 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MCB.

McCoy Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHLE	74 Outperform	C$179.27M	4.55	―	―	18.15%	-75.41%
MCB	68 Neutral	$100.11M	14.29	11.35%	2.53%	15.65%	-18.26%
HWO	58 Neutral	C$10.54M	0.40	123.85%	―	-82.87%	―
TVK	56 Neutral	C$3.09B	34.14	11.47%	0.49%	38.28%	14.24%
CFW	56 Neutral	C$297.18M	30.14	1.50%	―	-4.63%	-92.13%
SFD	42 Neutral	C$54.49M	-8.31	3456.13%	―	415.42%	55.41%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

McCoy Global Corporate Events

McCoy Global Reports Q2 2025 Revenue Growth and Advances in Technology

McCoy Global Inc. reported a 21% increase in revenue for the second quarter of 2025, driven by a significant rise in smartProduct sales, which now account for 58% of total revenue. Despite a decrease in net earnings due to higher stock-based compensation expenses, the company has made substantial progress in its Digital Technology Roadmap, including successful trials and contracts for its smarTR™ system and other innovative technologies. These advancements are expected to enhance McCoy’s market position by offering improved safety and efficiency in drilling operations, with implications for reduced labor costs and increased customer adoption.