Last C$55.76 CAD
Change Today +1.31 / 2.41%
Volume 11.2K
CGO On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 4:00 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

cogeco inc (CGO) Snapshot

Open
C$54.01
Previous Close
C$54.45
Day High
C$56.59
Day Low
C$54.00
52 Week High
04/10/14 - C$60.00
52 Week Low
10/29/13 - C$44.55
Market Cap
938.6M
Average Volume 10 Days
8.5K
EPS TTM
C$5.47
Shares Outstanding
15.0M
EX-Date
07/21/14
P/E TM
10.2x
Dividend
C$0.88
Dividend Yield
1.58%
Current Stock Chart for COGECO INC (CGO)

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cogeco inc (CGO) Details

COGECO Inc., a diversified communications company, through its subsidiaries, provides analogue and digital television, high speed Internet (HSI), and telephony services to residential and business customers in Canada, the United States, the United Kingdom, and France. The company operates in two segments, Cable and Other. It also provides business services, including data networking, Ethernet, HSI access, and voice over Internet protocol services to small and medium sized businesses; data centre, managed IT, and connectivity services for medium and large enterprises and public sector customers; and high-performance Ethernet broadband connectivity services to carriers. In addition, the company offers physical space and power within its high security data centres; and a suite of managed IT and infrastructure services, as well as a suite of connectivity services provisioned over its optical networks. As of August 31, 2013, it provided television service to 834,771 customers, HSI service to 661,337 customers, and telephony service to 484,014 customers in Canada; and television service to 230,304 customers, HSI service to 177,108 customers, and telephony service to 78,246 customers in the United States. Further, the company owns and operates 20 data centres; 13 radio stations; Cogeco News, a news agency in Quebec, Canada; and Métromédia, an advertising representation house focusing on billboard and poster advertising in the public transit sector. COGECO Inc. was founded in 1957 and is headquartered in Montreal, Canada.

4,555 Employees
Last Reported Date: 10/30/13
Founded in 1957

cogeco inc (CGO) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$920.0K
Chief Executive Officer of Cogeco Cable Canad...
Total Annual Compensation: C$500.0K
Chief Executive Officer of Atlantic Broadband...
Total Annual Compensation: C$474.9K
Compensation as of Fiscal Year 2013.

cogeco inc (CGO) Key Developments

COGECO Inc. and Cogeco Cable Inc. Announce Departure of Pierre Gagne, Senior Vice President and Chief Financial Officer

COGECO Inc. and Cogeco Cable Inc. announced the departure of Pierre Gagné who was Senior Vice President and Chief Financial Officer, for personal reasons. His departure is effective July 21, 2014.

COGECO Inc. Declares Quarterly Eligible Dividend, Payable on August 6, 2014

At its July 9, 2014 meeting, the board of directors of COGECO Inc. declared a quarterly eligible dividend of $0.22 per share for multiple voting and subordinate voting shares, payable on August 6, 2014, to shareholders of record on July 23, 2014.

COGECO Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014; Reports Impairment for the Third Quarter Ended May 31, 2014; Provides Earnings Guidance for the Fiscal 2015

COGECO Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported revenue of CAD 536,067,000 against CAD 504,434,000 a year ago. Profit for the period attributable to Owners of the Corporation was CAD 11,469,000 or CAD 0.68 per diluted share against CAD 17,158,000 or CAD 1.02 per diluted share a year ago. Cash flow from operating activities was CAD 184,706,000 against CAD 167,641,000 a year ago. Acquisition of property, plant and equipment was CAD 80,017,000 against CAD 108,976,000 a year ago. Acquisition of intangible and other assets was CAD 4,943,000 against CAD 4,516,000 a year ago. Third quarter revenue increased by CAD 31.6 million, or 6.3% mainly driven by growth in the Cable segment through the organic growth from all of operating segments as well as favorable foreign exchange rates in the company’s foreign operations. Adjusted EBITDA increased by 5.5% when compared to the same period of the prior year. The rapid progression for both periods resulted mainly from the recent acquisitions and the organic growth as well as the favorable foreign exchange rates from foreign operations compared to the same period of last year. The decline in the profit for the quarter is attributable to the impairment of property, plant and equipment explained above, partly offset by the improvement of the adjusted EBITDA. Third quarter free cash flow reached CAD 91.5 million compared to CAD 44.7 million in the comparable quarter of the prior year. This increase is mainly due to the improvement of adjusted EBITDA explained above and the decrease in acquisitions of property, plant and equipment due to the timing of certain initiatives. The increase in cash flow from operating activities is mainly attributable to the improvement of the adjusted EBITDA and the increase in non-cash operating activities, partly offset by the increase in financial expense paid. For the nine months period, the company reported revenue of CAD 1,571,515,000 against CAD 1,329,543,000 a year ago. Profit for the period attributable to Owners of the Corporation was CAD 51,915,000 or CAD 3.08 per diluted share against CAD 50,391,000 or CAD 2.99 per diluted share a year ago. Cash flow from operating activities was CAD 432,552,000 against CAD 318,731,000 a year ago. Acquisition of property, plant and equipment was CAD 239,965,000 against CAD 289,016,000 a year ago. Acquisition of intangible and other assets was CAD 13,672,000 against CAD 13,650,000 a year ago. Revenue increase is mainly attributable to the full year impact of the acquisitions, in the Cable segment, of Atlantic Broadband and Peer 1 Hosting which both occurred during fiscal 2013 combined with the organic growth from all of the company's operating segments and the favorable foreign exchange rates in its foreign operations. Adjusted EBITDA increased by 18.3% when compared to the same period of the prior year. The rapid progression for both periods resulted mainly from the recent acquisitions and the organic growth as well as the favorable foreign exchange rates from its foreign operations compared to the same period of last year. For the nine-month period, free cash flow amounted to CAD 255.6 million, compared to CAD 97.1 million for the same period of fiscal 2013. The increase is mostly attributable to the improvement of adjusted EBITDA, the decrease in acquisitions of property, plant and equipment due to the timing of certain initiatives as well as the decrease in integration, restructuring and acquisition costs, partly offset by the increase in financial expense as a result of higher indebtedness level from the recent acquisitions. For the first nine months of fiscal 2014, cash flow from operating activities increased CAD 113.8 million, or 35.7%, compared to the same period in fiscal 2013. The increase is mainly attributable to the improvement of the adjusted EBITDA as well as the decreases in integration, restructuring and acquisition costs and income taxes paid, partly offset by the increase in financial expense paid. For the quarter, the company reported an impairment of property, plant and equipment of CAD 32,197,000. For the fiscal 2015, the company expects revenue of CAD 2,185 million; adjusted EBITDA of CAD 945 million; profit for the year of CAD 265 million; profit for the year attributable to owners of the Corporation of CAD 88 million; and free cash flow of CAD 270 million.

 

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Industry Analysis

CGO

Industry Average

Valuation CGO Industry Range
Price/Earnings 13.5x
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow 1.5x
TEV/Sales NM Not Meaningful
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