McCoy Global (TSE:MCB)
TSX:MCB
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McCoy Global
(TSX:MCB)
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Rating:54Neutral
Price Target:
C$2.50
▼(-12.28% Downside)
Action:Downgraded
Date:05/19/26
The score is held back primarily by weak cash-flow quality (negative recent free cash flow) and deteriorating recent operating trends (lower revenue and compressed margins), alongside clearly bearish technical momentum. Offsetting factors include a strong, low-leverage balance sheet and a relatively high dividend yield, but they are not enough to overcome the near-term fundamental and trend pressures.
Positive Factors
Balance sheet strength
A very low TTM debt-to-equity (~0.12) gives McCoy durable financial flexibility through oilfield cycles. Low leverage reduces default and refinancing risk, supports continued capex for product development and aftermarket support, and preserves ability to fund operations or dividends during downturns.
Negative Factors
Weak cash generation
Negative trailing free cash flow and volatile cash conversion materially limit McCoy's ability to self-fund growth, capex, or shareholder returns. Persistent FCF deficits force reliance on external financing or equity, reducing strategic optionality and increasing vulnerability if working-capital swings or capex needs persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A very low TTM debt-to-equity (~0.12) gives McCoy durable financial flexibility through oilfield cycles. Low leverage reduces default and refinancing risk, supports continued capex for product development and aftermarket support, and preserves ability to fund operations or dividends during downturns.
Read all positive factors
McCoy Global (MCB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$59.02M
Dividend Yield3.26%
Average Volume (3M)53.93K
Price to Earnings (P/E)12.2
Beta (1Y)1.23
Revenue Growth-8.12%
EPS Growth-43.29%
CountryCA
Employees138
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.18
Shares Outstanding26,827,370
10 Day Avg. Volume60,020
30 Day Avg. Volume53,932
Financial Highlights & Ratios
PEG Ratio2.89
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 Upside92.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.19
Revenue Forecast (FY)C$70.85M
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 a...
How the Company Makes Money
McCoy Global makes money primarily by supplying drilling-equipment products and related services to oil and gas drilling contractors and operators. Key revenue streams include: (1) Product sales: revenue from the sale of rig-floor equipment—partic...
McCoy Global Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
82
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.80M | 83.78M | 77.52M | 69.69M | 52.43M | 32.80M |
| Gross Profit | 22.01M | 28.09M | 27.63M | 22.83M | 15.76M | 9.14M |
| EBITDA | 11.59M | 15.47M | 14.59M | 11.57M | 11.57M | 7.84M |
| Net Income | 4.91M | 9.02M | 8.87M | 6.53M | 8.76M | 4.08M |
Balance Sheet | ||||||
| Total Assets | 93.75M | 94.29M | 97.85M | 77.24M | 77.79M | 55.14M |
| Cash, Cash Equivalents and Short-Term Investments | 7.83M | 3.00M | 17.06M | 15.73M | 21.47M | 11.14M |
| Total Debt | 7.91M | 3.22M | 3.98M | 4.31M | 10.06M | 7.81M |
| Total Liabilities | 26.42M | 25.68M | 31.65M | 23.26M | 26.08M | 15.13M |
| Stockholders Equity | 67.33M | 68.61M | 66.19M | 53.98M | 51.71M | 40.01M |
Cash Flow | ||||||
| Free Cash Flow | -2.40M | -5.96M | 3.05M | 2.20M | 973.00K | -2.50M |
| Operating Cash Flow | 2.14M | -1.73M | 6.51M | 6.74M | 2.87M | 1.46M |
| Investing Cash Flow | -5.69M | -6.78M | -3.45M | -4.50M | 6.91M | -3.71M |
| Financing Cash Flow | 1.27M | -5.32M | -2.67M | -7.65M | -308.00K | 1.40M |
McCoy Global Technical Analysis
Negative
2.85
Price Trends
2.44
Negative
2.75
Negative
2.99
Negative
Market Momentum
-0.09
Positive
35.82
Neutral
12.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCB, the sentiment is Negative. The current price of 2.85 is above the 20-day moving average (MA) of 2.36, above the 50-day MA of 2.44, and below the 200-day MA of 2.99, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 35.82 is Neutral, neither overbought nor oversold. The STOCH value of 12.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | C$1.61B | 14.54 | 17.25% | 3.57% | 20.60% | 6.72% | |
82 Outperform | C$942.27M | 11.88 | 13.24% | 2.57% | 18.21% | 29.33% | |
71 Outperform | C$3.71B | 17.61 | 26.01% | 1.29% | 6.08% | 24.69% | |
66 Neutral | C$694.11M | 15.94 | 6.49% | ― | -17.68% | 123.13% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | C$182.47M | 29.51 | 2.93% | ― | -8.55% | -80.24% | |
54 Neutral | C$59.02M | 12.16 | 11.40% | 3.26% | -8.12% | -43.29% |
* Energy Sector Average
TSE:MCB
McCoy Global
2.20
-1.68
-43.27%
TSE:CEU
CES Energy Solutions
17.67
11.16
171.26%
TSE:CFW
Calfrac Well Services
6.95
3.44
98.12%
TSE:TOT
Total Energy Services
25.86
15.66
153.53%
TSE:TCW
Trican Well Service
7.64
3.34
77.51%
TSE:SHLE
Source Energy Services Ltd
13.95
2.30
19.74%
McCoy Global Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
McCoy Global Posts Higher 2025 Revenue, Expands smartProducts as Dividend Paused Amid Conflict
Positive
Mar 6, 2026
McCoy Global reported modest growth for 2025, with fourth-quarter revenue up 1% to $25.6 million and annual revenue rising 8% to $83.8 million, largely driven by strong demand for its smartProducts, which now account for more than half of total sa...
Business Operations and StrategyExecutive/Board Changes
McCoy Global Names COO Bing Deng as Successor to Long-Serving CEO Jim Rakievich
Positive
Feb 26, 2026
McCoy Global has announced a planned CEO transition, with long-serving President and CEO Jim Rakievich set to retire effective May 14, 2026, after more than two decades of leading the company’s evolution, acquisitions, and global expansion. ...
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.