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McCoy Global
(TSX:MCB)
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Rating:66Neutral
Price Target:
C$2.50
▲(14.68% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by a strong balance sheet and ongoing profitability, which reduce downside risk in a cyclical industry. These positives are tempered by a clear recent slowdown (lower TTM revenue and compressed margins) and historically volatile cash flow. Valuation adds support via a ~4.5% dividend yield, while technical signals are largely neutral and do not indicate strong momentum.
Positive Factors
Very low leverage / strong balance sheet
The company's near-zero leverage provides durable financial flexibility in the cyclical oilfield-equipment industry. Low debt reduces default risk, enables capital allocation toward product development or aftermarket support during downturns, and preserves ability to sustain dividends or opportunistic M&A.
Negative Factors
Revenue decline and margin compression
A multiyear downshift in revenue and compressed margins indicate weakening demand for new equipment and reduced pricing or mix pressure. If sustained, lower top-line scale can limit operating leverage, reduce reinvestment capacity in R&D and aftermarket expansion, and strain long-term margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
The company's near-zero leverage provides durable financial flexibility in the cyclical oilfield-equipment industry. Low debt reduces default risk, enables capital allocation toward product development or aftermarket support during downturns, and preserves ability to sustain dividends or opportunistic M&A.
Read all positive factors
McCoy Global (MCB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$60.27M
Dividend Yield4.44%
Average Volume (3M)53.93K
Price to Earnings (P/E)16.8
Beta (1Y)1.29
Revenue Growth-20.69%
EPS Growth-47.36%
CountryCA
Employees148
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.13
Shares Outstanding27,147,827
10 Day Avg. Volume60,020
30 Day Avg. Volume53,932
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 Target
C$5.50Price Target Upside152.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)C$60.40M
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 drilling and tubular-handling equipment to customers in the drilling industry, recognizing revenue when equipment is delivered/accepted per contract terms. A second major source of revenue ...
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
2.18
Price Trends
2.21
Positive
2.32
Negative
2.69
Negative
Market Momentum
>-0.01
Negative
56.43
Neutral
47.85
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 2.18 is below the 20-day moving average (MA) of 2.18, below the 50-day MA of 2.21, and below the 200-day MA of 2.69, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 56.43 is Neutral, neither overbought nor oversold. The STOCH value of 47.85 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | C$910.21M | 11.84 | 13.24% | 1.77% | 18.21% | 29.33% | |
72 Outperform | C$3.96B | 20.69 | 26.01% | 1.13% | 10.96% | 13.96% | |
70 Outperform | C$1.31B | 14.51 | 12.81% | 3.31% | 20.43% | -20.30% | |
66 Neutral | C$60.27M | 16.77 | 5.44% | 4.59% | -20.69% | -47.36% | |
66 Neutral | C$695.49M | 15.68 | 6.49% | ― | -14.91% | 442.58% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | C$157.06M | -12.24 | -6.25% | ― | -20.49% | -133.03% |
* Energy Sector Average
TSE:MCB
McCoy Global
2.24
-0.83
-27.01%
TSE:CEU
CES Energy Solutions
19.10
11.39
147.79%
TSE:CFW
Calfrac Well Services
7.21
3.68
104.37%
TSE:TOT
Total Energy Services
25.31
13.00
105.69%
TSE:TCW
Trican Well Service
6.26
0.47
8.15%
TSE:SHLE
Source Energy Services Ltd
12.01
-1.19
-9.02%
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.