Financials Tucows Inc. Toronto S.E.

Equities

TC

US8986972060

Internet Services

Market Closed - Toronto S.E. 01:23:06 27/04/2024 am IST 5-day change 1st Jan Change
24.48 CAD +0.74% Intraday chart for Tucows Inc. +2.04% -31.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 637.6 653.2 783.7 896.8 366.1 294.2
Enterprise Value (EV) 1 689.6 757.1 908.1 1,093 689.1 769.8
P/E ratio 37.8 x 43.2 x 137 x 270 x -13.2 x -3.05 x
Yield - - - - - -
Capitalization / Revenue 1.84 x 1.94 x 2.52 x 2.95 x 1.14 x 0.87 x
EV / Revenue 1.99 x 2.25 x 2.92 x 3.59 x 2.15 x 2.27 x
EV / EBITDA 16.2 x 15.9 x 28 x 54.2 x 87.8 x -63.1 x
EV / FCF 79 x -106 x -62.5 x -24.8 x -6.06 x -8.78 x
FCF Yield 1.27% -0.94% -1.6% -4.04% -16.5% -11.4%
Price to Book 8 x 6.94 x 7.49 x 7.83 x 3.8 x 29.8 x
Nbr of stocks (in thousands) 10,616 10,572 10,606 10,700 10,793 10,895
Reference price 2 60.06 61.78 73.89 83.82 33.92 27.00
Announcement Date 05/03/19 04/03/20 03/03/21 01/03/22 15/03/23 01/04/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 346 337.1 311.2 304.3 321.1 339.3
EBITDA 1 42.59 47.72 32.4 20.17 7.85 -12.19
EBIT 1 29.58 29.52 9.586 -7.415 -31.11 -58.83
Operating Margin 8.55% 8.75% 3.08% -2.44% -9.69% -17.34%
Earnings before Tax (EBT) 1 26.16 24.57 10.76 7.27 -27.79 -103.1
Net income 1 17.14 15.4 5.775 3.364 -27.57 -96.2
Net margin 4.95% 4.57% 1.86% 1.11% -8.59% -28.35%
EPS 2 1.590 1.430 0.5400 0.3100 -2.560 -8.855
Free Cash Flow 1 8.732 -7.148 -14.53 -44.17 -113.6 -87.71
FCF margin 2.52% -2.12% -4.67% -14.51% -35.38% -25.85%
FCF Conversion (EBITDA) 20.5% - - - - -
FCF Conversion (Net income) 50.96% - - - - -
Dividend per Share - - - - - -
Announcement Date 05/03/19 04/03/20 03/03/21 01/03/22 15/03/23 01/04/24
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 82.48 81.1 83.08 78.05 78.91 80.43 84.98
EBITDA 1 - 12.74 11.31 11.7 7.879 6.7 3.03 5.395
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 1.375 - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 04/11/21 10/02/22 05/05/22 09/08/22 04/11/22 09/02/23 08/05/23 03/08/23
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 52 104 124 197 323 476
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.22 x 2.178 x 3.839 x 9.751 x 41.14 x -39.01 x
Free Cash Flow 1 8.73 -7.15 -14.5 -44.2 -114 -87.7
ROE (net income / shareholders' equity) 24.3% 17.7% 5.81% 3.06% -26% -181%
ROA (Net income/ Total Assets) 5.36% 4.82% 1.37% -0.93% -3.23% -5.03%
Assets 1 319.9 319.5 423.1 -359.9 853.9 1,914
Book Value Per Share 2 7.510 8.900 9.870 10.70 8.940 0.9100
Cash Flow per Share 2 1.190 1.930 0.7800 0.8500 2.170 8.500
Capex 1 27.9 44.1 44.4 73.2 137 92.1
Capex / Sales 8.07% 13.07% 14.28% 24.04% 42.57% 27.13%
Announcement Date 05/03/19 04/03/20 03/03/21 01/03/22 15/03/23 01/04/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Quarterly revenue - Rate of surprise