McCoy Global (MCB) AI Stock Analysis

• Market Cap: C$85.62M
• Dividend Yield: 2.69%
• Average Volume (3M): 127.75K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.57
• Revenue Growth: 11.23%
• EPS Growth: 37.40%
• Country: CA
• Employees: 138
• Sector: Energy
• Sector Strength: 47
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.33
• Shares Outstanding: 27,179,935
• 10 Day Avg. Volume: 172,164
• 30 Day Avg. Volume: 127,753
• PEG Ratio: 0.26
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

McCoy Global's overall stock score reflects its strong financial performance, attractive valuation, and positive corporate developments. The company's robust revenue growth, profitability, and strategic advancements in technology and market positioning are significant strengths. However, operational efficiency and limited asset expansion require attention to sustain long-term growth.

McCoy Global Business Overview & Revenue Model

Company Description

McCoy Global (MCB) is a technology and equipment manufacturing company that primarily operates in the oil and gas sector. The company specializes in the design, production, and distribution of precision equipment and advanced technologies used in wellbore construction and completion. McCoy Global is known for its innovative solutions that enhance operational efficiency and safety in energy extraction processes, serving a global clientele with a focus on reliability and performance.

How the Company Makes Money

McCoy Global generates revenue through the sale and leasing of its specialized equipment and technologies to oil and gas companies. These products include torque-turn monitoring systems, tubular make-up equipment, and data management solutions designed to optimize drilling operations. The company also provides aftermarket services, such as maintenance, repair, and calibration, which contribute to its recurring revenue streams. Additionally, McCoy Global engages in strategic partnerships and collaborations with key industry players to expand its market reach and enhance its technological offerings, further supporting its financial performance.

McCoy Global Financial Statement Overview

Summary

McCoy Global exhibits strong financial performance characterized by significant revenue and profit growth, low leverage, and efficient cash management. The company's profitability has improved substantially, with a robust balance sheet that reflects financial stability. Despite these strengths, operational efficiency improvements are necessary, particularly in generating EBIT, and asset expansion remains limited, which could constrain future growth.

Income Statement

The company has demonstrated strong revenue growth, with a notable increase from $32.8M in 2021 to $77.5M in 2024. This growth trajectory is further supported by an improving gross profit margin, which rose from 27.9% in 2021 to 35.6% in 2024. The net profit margin improved significantly, reaching 11.4% in 2024 from a loss in 2020, indicating enhanced profitability. However, the EBIT margin was 0% in 2024, signaling potential operational inefficiencies that need addressing.

Balance Sheet

The company's balance sheet is strong, with a debt-to-equity ratio decreasing to 0.06 in 2024, reflecting low leverage. Return on equity improved to 13.4% in 2024, indicating effective utilization of shareholder funds. The equity ratio remains stable at 67.6% as of 2024, showcasing a robust financial position with a solid equity base. However, the relatively low total assets of $97.8M suggest limited asset expansion.

Cash Flow

Operating cash flow remains positive, with a slight decrease from $6.7M in 2023 to $6.5M in 2024, indicating consistent cash generation. The free cash flow growth rate was substantial, demonstrating improvement from previous periods, though slowing slightly in the latest year. The free cash flow to net income ratio shows strong cash conversion, highlighting efficient cash management. However, the decline in financing cash flow suggests potential challenges in external financing activities.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
77.52M	69.69M	52.43M	32.80M	38.67M
	Gross Profit
27.63M	22.83M	15.76M	9.14M	7.95M
	EBIT
0.00	7.73M	4.44M	4.83M	-1.21M
	EBITDA
14.59M	11.64M	11.57M	7.79M	2.25M
	Net Income Common Stockholders
8.87M	6.53M	8.76M	4.08M	-2.17M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.06M	15.73M	21.47M	11.14M	12.14M
	Total Assets
97.85M	77.24M	77.79M	55.14M	52.66M
	Total Debt
3.98M	4.31M	10.06M	7.81M	11.33M
	Net Debt
-13.07M	-11.41M	-11.41M	-3.33M	-804.00K
	Total Liabilities
31.65M	23.26M	26.08M	15.13M	17.15M
	Stockholders Equity
66.19M	53.98M	51.71M	40.01M	35.50M
Cash Flow		Free Cash Flow
3.05M	2.20M	973.00K	-2.50M	5.03M
	Operating Cash Flow
6.51M	6.74M	2.87M	1.46M	8.81M
	Investing Cash Flow
-3.45M	-4.50M	6.91M	-3.71M	-3.63M
	Financing Cash Flow
-2.67M	-7.65M	-308.00K	1.40M	-1.14M

McCoy Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 3.15 is above the 20-day moving average (MA) of 2.90, above the 50-day MA of 2.87, and above the 200-day MA of 2.66, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 59.31 is Neutral, 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
MCB	78 Outperform	C$85.62M	9.62	14.78%	2.69%	11.23%	37.40%
TCW	75 Outperform	$785.51M	7.61	21.89%	4.39%	0.84%	-1.74%
PD	72 Outperform	$814.05M	7.64	6.58%	―	-1.90%	-52.33%
STEP	59 Neutral	C$283.21M	151.15	0.49%	―	0.98%	-96.29%
Sector *	56 Neutral	$6.99B	3.76	-4.38%	5.90%	-0.24%	-48.46%
TDG	46 Neutral	C$90.76M	―	-49.32%	―	―	42.21%

McCoy Global Corporate Events

McCoy Global Announces Successful Election of Directors

McCoy Global Inc. announced the successful election of all directors standing for election at its Annual General and Special Meeting of Shareholders. The election results showed strong support for the nominees, indicating stability and continuity in the company’s leadership. This development is likely to reinforce McCoy Global’s strategic direction and operational focus, potentially impacting its market positioning positively.

Spark’s Take on TSE:MCB Stock

According to Spark, TipRanks’ AI Analyst, TSE:MCB is a Outperform.

McCoy Global’s overall stock score reflects strong financial performance and an attractive valuation, which are major strengths. However, technical analysis indicates caution with a lack of upward momentum. While recent corporate events highlight the company’s innovation and market confidence, operational efficiency and asset expansion remain areas to watch for future growth potential.

To see Spark’s full report on TSE:MCB stock, click here.

McCoy Global Reports Q1 2025 Growth and Advances in Technology

McCoy Global Inc. reported a 17% increase in revenue for the first quarter of 2025, driven by strong sales of its smartProducts, which now account for 59% of total revenue. Despite a slight decrease in net earnings, the company achieved significant growth in adjusted EBITDA and expanded its backlog, reflecting increased demand for its innovative technologies. The company also declared a quarterly dividend and continued to advance its Technology Roadmap, securing substantial contract awards for its smarTR™ system and delivering new products to key markets, highlighting its strong market position and commitment to technological advancement.

Spark’s Take on TSE:MCB Stock

According to Spark, TipRanks’ AI Analyst, TSE:MCB is a Outperform.

McCoy Global’s overall stock score reflects strong financial performance and an attractive valuation, which are major strengths. However, technical analysis indicates caution with a lack of upward momentum. While recent corporate events highlight the company’s innovation and market confidence, operational efficiency and asset expansion remain areas to watch for future growth potential.

To see Spark’s full report on TSE:MCB stock, click here.

McCoy Global Secures Major Contract with smarTR™ Technology

McCoy Global Inc. has successfully commercialized its smarTR™ technology, securing $11.0 million in contract awards for its hardware and associated SaaS revenue. This milestone highlights the industry’s confidence in McCoy’s innovative solutions, which address labor shortages and safety concerns in TRS, potentially transforming the sector by significantly reducing labor costs and enhancing operational efficiency.

Spark’s Take on TSE:MCB Stock

According to Spark, TipRanks’ AI Analyst, TSE:MCB is a Outperform.

McCoy Global’s overall stock score reflects strong financial performance and attractive valuation, which are major strengths. However, technical analysis indicates caution with lack of upward momentum, and while the recent award for innovation is positive, it has a smaller impact on the score. The company’s operational efficiency and asset expansion remain areas to watch for future growth potential.

To see Spark’s full report on TSE:MCB stock, click here.

McCoy Global’s smarTR™ System Wins Prestigious Technology Award

McCoy Global Inc.’s smarTR™ system has been awarded the Spotlight on New Technology Award at the 2025 Offshore Technology Conference, recognizing its innovation in automating tubular running operations to improve safety and efficiency in the offshore energy sector. This accolade highlights McCoy Global’s commitment to innovation and positions the company alongside industry leaders, with the smarTR™ system demonstrating promising results in test-rig trials and ongoing in-field trials, paving the way for successful market adoption and penetration.