McCoy Global (MCB) AI Stock Analysis

• Market Cap: C$86.46M
• Dividend Yield: 3.26%
• Average Volume (3M): 53.93K
• Price to Earnings (P/E): 12.3
• Beta (1Y): 0.89
• Revenue Growth: 15.91%
• EPS Growth: -2.15%
• Country: CA
• Employees: 138
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.02
• Shares Outstanding: 26,766,900
• 10 Day Avg. Volume: 60,020
• 30 Day Avg. Volume: 53,932
• PEG Ratio: 0.20
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 0.99
• P/FCF Ratio: 25.21
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: C$3.50 ▲(22.81% Upside)

The overall stock score of 67 reflects McCoy Global's strong balance sheet and attractive valuation, offset by weak technical indicators and cash flow challenges. The company's operational efficiency is a positive, but the bearish technical trend and cash flow issues are significant concerns.

Positive Factors

Low Financial Leverage

A very low debt-to-equity ratio (0.06) gives McCoy durable financial flexibility in a cyclical oilfield services sector. Low leverage reduces solvency risk, preserves capacity to invest in product development or absorb downturns, and supports multi-quarter stability without refinancing pressure.

Healthy Gross & Operating Margins

Consistently strong gross profit (~36%) and healthy EBIT/EBITDA margins indicate efficient cost structure and pricing power in equipment and service offerings. These durable margins support reinvestment in R&D and maintenance services, helping sustain profitability through industry cycles.

Specialized Product Niche and Partnerships

McCoy's focus on specialized tubular handling and downhole tools plus notable partnerships creates a structural competitive edge. Niche engineering expertise and service contracts foster recurring revenue, higher switching costs for customers, and long-term market access across operators.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow constrains the company's ability to self-fund capex, R&D, or working capital needs without external financing. Over several quarters this reduces strategic optionality, pressures liquidity cushions, and can force trade-offs between growth and shareholder returns.

Recent Revenue Contraction

A shift to negative revenue growth signals weakening demand or lost contracts for core equipment and services. For a specialized OEM and service provider, revenue contraction can erode scale benefits, reduce utilization of service teams, and make sustaining R&D and aftermarket support more challenging over multiple quarters.

Eroding Net Profitability

Declining net margins and reduced ROE point to deteriorating returns on capital. Over time this weakens internal cash generation and could limit dividend or reinvestment capacity. Structural margin erosion risks lower competitiveness and reduced ability to fund strategic initiatives without higher leverage.

McCoy Global Business Overview & Revenue Model

Company Description

McCoy Global (MCB) is a publicly traded company specializing in the provision of advanced technology solutions and equipment for the oil and gas industry. The company operates primarily in the sectors of oilfield services, offering products such as tubular handling systems, and downhole tools, along with associated services. McCoy Global is committed to enhancing operational efficiency and safety in drilling and production processes through its innovative product offerings and engineering expertise.

How the Company Makes Money

McCoy Global generates revenue primarily through the sale of its specialized equipment and tools to clients in the oil and gas sector. Key revenue streams include direct sales of tubular handling systems and downhole tools, as well as service contracts related to the maintenance and support of these products. The company may also earn income through rental agreements for equipment used in drilling operations. Significant partnerships with major oil and gas operators and service companies enhance its market reach and contribute to stable revenue flow. Additionally, McCoy Global's focus on innovation and technology helps it maintain a competitive edge, driving sales and providing opportunities for growth in emerging markets.

McCoy Global Financial Statement Overview

Summary

McCoy Global shows strong operational efficiency and a solid balance sheet with low leverage, reflected in a high balance sheet score. However, challenges such as declining revenue growth and cash flow issues, including negative free cash flow, lower the overall financial performance score.

Income Statement

McCoy Global's income statement shows a stable gross profit margin around 36% in TTM, indicating efficient cost management. However, the net profit margin has decreased to 8.39% from 11.44% in the previous year, reflecting reduced profitability. Revenue growth has turned negative in the TTM period, a concern for future earnings potential. Despite these challenges, EBIT and EBITDA margins remain healthy, showcasing operational efficiency.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.06 in TTM, indicating low financial leverage and reduced risk. Return on equity is solid at 11.19%, although it has decreased from the previous year. The equity ratio is robust, suggesting a strong capital structure. Overall, the company maintains a stable financial position with minimal debt.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth and negative free cash flow in the TTM period. The operating cash flow to net income ratio is low, indicating potential issues in converting income into cash. The free cash flow to net income ratio is also low, suggesting limited cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.45M	77.52M	69.69M	52.43M	32.80M	38.67M
Gross Profit	28.90M	27.63M	22.83M	15.76M	9.14M	7.95M
EBITDA	12.82M	14.59M	11.57M	11.57M	7.84M	2.13M
Net Income	7.12M	8.87M	6.53M	8.76M	4.08M	-2.17M
Balance Sheet
Total Assets	92.64M	97.85M	77.24M	77.79M	55.14M	52.66M
Cash, Cash Equivalents and Short-Term Investments	3.53M	17.06M	15.73M	21.47M	11.14M	12.14M
Total Debt	3.40M	3.98M	4.31M	10.06M	7.81M	11.33M
Total Liabilities	28.52M	31.65M	23.26M	26.08M	15.13M	17.15M
Stockholders Equity	64.12M	66.19M	53.98M	51.71M	40.01M	35.50M
Cash Flow
Free Cash Flow	-2.25M	3.05M	2.20M	973.00K	-2.50M	5.03M
Operating Cash Flow	4.71M	6.51M	6.74M	2.87M	1.46M	8.81M
Investing Cash Flow	-6.97M	-3.45M	-4.50M	6.91M	-3.71M	-3.63M
Financing Cash Flow	-5.22M	-2.67M	-7.65M	-308.00K	1.40M	-1.14M

McCoy Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• 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 2.85 is below the 20-day moving average (MA) of 3.17, below the 50-day MA of 3.00, and below the 200-day MA of 3.42, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 38.62 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
TCW	78 Outperform	C$1.55B	12.80	18.06%	3.57%	9.24%	6.35%
TOT	78 Outperform	C$616.17M	10.28	10.51%	2.57%	15.58%	47.55%
CEU	75 Outperform	C$3.13B	18.54	22.50%	1.29%	5.79%	-5.08%
SHLE	70 Outperform	C$218.31M	8.91	11.94%	―	-0.39%	-86.01%
MCB	67 Neutral	C$86.46M	12.26	11.40%	3.26%	15.91%	-2.15%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CFW	65 Neutral	C$500.44M	22.25	3.20%	―	-8.13%	-28.00%

McCoy Global Corporate Events

McCoy Global Reports Q3 2025 Results and Advances Product Commercialization

McCoy Global announced its third-quarter 2025 financial results, reporting a revenue decrease due to deferred shipments but an increase in net earnings driven by tax benefits and reduced incentive accruals. The company also highlighted the successful commercialization of its smarTR™ system and smartCRT™ technology, marking significant advancements in its product offerings and positioning McCoy for future growth in the energy sector.

The most recent analyst rating on (TSE:MCB) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on McCoy Global stock, see the TSE:MCB Stock Forecast page.