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McCoy Global
(TSX:MCB)
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Rating:70Outperform
Price Target:
C$3.00
▲(30.43% Upside)
Action:Upgraded
Date:10/09/26
The score is driven primarily by strong financial stability (very low leverage) and continued profitability, tempered by a recent slowdown in revenue/margins and historically volatile cash flow. Technicals are bullish but overbought, adding near-term risk, while valuation and dividend yield provide moderate support.
Positive Factors
Very low leverage
Minimal leverage gives McCoy Global substantial financial flexibility as drilling activity and customer capital spending fluctuate. A stronger equity cushion reduces debt-related pressure and leaves more capacity to support operations, investment, or recovery through industry cycles.
Negative Factors
Revenue contraction
Lower trailing revenue signals a meaningful cooling in demand or customer spending relative to prior periods. Because equipment sales are linked to drilling activity and capital expenditure, continued contraction could reduce scale, weaken operating leverage, and delay a return to stronger growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage gives McCoy Global substantial financial flexibility as drilling activity and customer capital spending fluctuate. A stronger equity cushion reduces debt-related pressure and leaves more capacity to support operations, investment, or recovery through industry cycles.
Read all positive factors
McCoy Global (MCB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$69.58M
Dividend Yield3.91%
Average Volume (3M)95.06K
Price to Earnings (P/E)19.1
Beta (1Y)1.41
Revenue Growth-20.69%
EPS Growth-47.36%
CountryCA
Employees148
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.13
Shares Outstanding27,177,828
10 Day Avg. Volume36,960
30 Day Avg. Volume95,057
Financial Highlights & Ratios
PEG Ratio2.85
Price to Book (P/B)1.15
Price to Sales (P/S)0.94
P/FCF Ratio-13.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.09
Revenue Forecast (FY)C$56.00M
McCoy Global Business Overview & Revenue Model
Company Description
McCoy Global Inc., an Edmonton, Canada-based company founded in 1914, specializes in delivering critical equipment and advanced technological solutions for tubular running operations. These offerings are instrumental in enhancing wellbore integrit...
How the Company Makes Money
McCoy Global primarily makes money by selling specialized equipment used by drilling contractors and oilfield service companies for drilling operations. Revenue is generated from (1) product sales of its drilling-related equipment (capital equipme...
McCoy Global Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.98M | 83.78M | 77.52M | 69.69M | 52.43M | 32.80M |
| Gross Profit | 16.82M | 28.09M | 27.63M | 22.83M | 15.76M | 9.14M |
| EBITDA | 9.86M | 15.47M | 14.59M | 11.57M | 11.57M | 7.84M |
| Net Income | 3.66M | 9.02M | 8.87M | 6.53M | 8.76M | 4.08M |
Balance Sheet | ||||||
| Total Assets | 86.95M | 94.29M | 97.85M | 77.24M | 77.79M | 55.14M |
| Cash, Cash Equivalents and Short-Term Investments | 8.26M | 3.00M | 17.06M | 15.73M | 21.47M | 11.14M |
| Total Debt | 2.25M | 3.22M | 3.98M | 4.31M | 10.06M | 7.81M |
| Total Liabilities | 18.05M | 25.68M | 31.65M | 23.26M | 26.08M | 15.13M |
| Stockholders Equity | 68.91M | 68.61M | 66.19M | 53.98M | 51.71M | 40.01M |
Cash Flow | ||||||
| Free Cash Flow | 6.34M | -5.96M | 3.05M | 2.20M | 973.00K | -2.50M |
| Operating Cash Flow | 9.53M | -1.73M | 6.51M | 6.74M | 2.87M | 1.46M |
| Investing Cash Flow | -4.96M | -6.78M | -3.45M | -4.50M | 6.91M | -3.71M |
| Financing Cash Flow | -2.92M | -5.32M | -2.67M | -7.65M | -308.00K | 1.40M |
McCoy Global Technical Analysis
Positive
2.30
Price Trends
2.36
Positive
2.29
Positive
2.50
Positive
Market Momentum
0.06
Positive
57.93
Neutral
65.15
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 2.3 is below the 20-day moving average (MA) of 2.51, below the 50-day MA of 2.36, and below the 200-day MA of 2.50, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 57.93 is Neutral, neither overbought nor oversold. The STOCH value of 65.15 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | C$1.47B | 16.65 | 14.51% | 1.14% | 21.71% | 40.07% | |
76 Outperform | C$1.42B | 13.71 | 15.61% | 3.15% | 14.96% | -10.01% | |
72 Outperform | C$4.42B | 22.54 | 23.68% | 0.99% | 10.96% | 13.96% | |
71 Outperform | C$789.37M | 12.72 | 8.75% | 9.98% | -14.91% | 442.58% | |
70 Outperform | C$69.58M | 19.08 | 5.44% | 3.91% | -20.69% | -47.36% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | C$133.39M | -10.41 | -6.25% | ― | -20.49% | -133.03% |
* Energy Sector Average
TSE:MCB
McCoy Global
2.56
-0.96
-27.27%
TSE:CEU
CES Energy Solutions
20.96
11.47
120.91%
TSE:CFW
Calfrac Well Services
7.82
4.82
160.75%
TSE:TOT
Total Energy Services
40.30
26.49
191.84%
TSE:TCW
Trican Well Service
6.99
1.91
37.71%
TSE:SHLE
Source Energy Services Ltd
10.20
-2.11
-17.14%
McCoy Global Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
McCoy Global Revenue Slumps on Mideast Turmoil but Liquidity Strengthens
Negative
Aug 7, 2026
McCoy Global reported a sharp downturn in second-quarter 2026 results as revenue fell 28% to $17.2 million and net earnings dropped 92% to $0.1 million, largely due to geopolitical instability in the Middle East and the effective suspension of shi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.