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Tucows Inc Stock Research

TCX

31.10USD-1.21(-3.74%)Market Closed

Market Summary

USD31.10-1.21
Market Closed
-3.74%

TCX Stock Price

TCX RSI Chart

TCX Valuation

Market Cap

350.0M

Price/Earnings (Trailing)

-8.02

Price/Sales (Trailing)

1.09

EV/EBITDA

-5.59

Price/Free Cashflow

-2.57

TCX Price/Sales (Trailing)

TCX Profitability

Operating Margin

26.43%

EBT Margin

-3.72%

Return on Equity

-15.25%

Return on Assets

-2.49%

Free Cashflow Yield

-38.91%

TCX Fundamentals

TCX Revenue

Revenue (TTM)

320.5M

Revenue Y/Y

-0.82%

Revenue Q/Q

1.93%

TCX Earnings

Earnings (TTM)

-43.6M

Earnings Y/Y

-531.89%

Earnings Q/Q

-41.93%

Price Action

52 Week Range

16.0354.53
(Low)(High)

Last 7 days

6.8%

Last 30 days

44.3%

Last 90 days

49.2%

Trailing 12 Months

-34.1%

TCX Financial Health

Current Ratio

0.93

Debt/Equity

2.15

Debt/Cashflow

0.12

TCX Investor Care

Shares Dilution (1Y)

0.64%

Diluted EPS (TTM)

-4.05

Peers (Alternatives to Tucows)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
86.4B
17.7B
-4.49% -4.63%
26.5
4.89
9.65% 13.95%
70.3B
18.1B
-7.50% 11.43%
29.01
3.88
9.25% 42.67%
38.0B
18.6B
-3.21% -35.00%
-70.35
2.17
12.05% -340.94%
31.7B
19.4B
4.59% -15.36%
13.73
1.63
2.55% 5.10%
23.3B
1.4B
1.38% 27.52%
33.51
16.15
6.77% -12.24%
MID-CAP
6.8B
6.6B
-4.15% 5.43%
18.44
1.03
8.44% -9.95%
5.5B
14.8B
5.91% -27.99%
7.64
0.37
-10.79% 217.70%
5.3B
7.7B
-4.45% 12.59%
17.55
0.68
4.19% 8.30%
2.7B
914.4M
19.56% -22.68%
25.48
2.9
12.36% 58.54%
SMALL-CAP
2.1B
447.9M
7.71% 20.79%
-12.06
4.61
20.45% 27.54%
1.5B
1.1B
-9.26% -21.91%
35.45
1.35
6.27% -28.34%
350.0M
320.5M
44.31% -34.05%
-8.02
1.09
1.88% -2317.40%
279.1M
76.6M
68.43% 76.98%
-25
3.64
2.22% -131.47%
265.7M
2.0B
30.22% -65.99%
-2.51
0.13
2.93% 35.91%
177.5K
206.7M
-0.72% -41.70%
-0.02
8e-4
-1.41% -1293.58%

Financials for Tucows

Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-0.2%320,473,000321,142,000324,709,000322,552,000314,561,000
Cost Of Revenue2.7%249,362,000242,894,000238,894,000236,700,000232,523,000
Gross Profit-9.1%71,111,00078,248,00085,815,00085,852,00082,038,000
Operating Expenses4.8%115,210,000109,910,000105,863,00099,743,00093,528,000
  S&GA Expenses7.0%57,687,00053,937,00051,276,00047,274,00043,147,000
  R&D Expenses7.4%15,238,00014,187,00014,479,00015,238,00014,943,000
EBITDA-159.3%-21,543,000-8,308,000-2,820,000--
EBITDA Margin-157.6%-0.07-0.03-0.01--
Earnings Before Taxes-68.0%-46,689,000-27,788,000-12,076,000-1,992,0002,108,000
EBT Margin-502.0%-0.04-0.010.01--
Interest Expenses-43.6%-14,456,000-10,064,000-6,896,000-5,477,000-
Net Income-58.3%-43,634,000-27,571,000-16,093,000-6,737,000-1,805,000
Net Income Margin-137.3%-0.05-0.02-0.01--
Free Cahsflow-57.0%-95,583,000-60,895,000-61,326,000--
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets2.5%682665645595563
  Current Assets-1.3%168170172153154
    Cash Equivalents-49.9%12.0024.0031.007.006.00
  Inventory-10.2%7.007.006.005.004.00
  Net PPE7.9%304281254225191
  Goodwill0.0%130130130130130
  Current Liabilities2.1%192188186424183
  Long Term Debt9.2%227208---
Shareholder's Equity-17.6%80.0097.00106114115
  Retained Earnings-34.1%37.0056.0069.0077.0080.00
  Additional Paid-In Capital20.4%10.008.005.004.004.00
Shares Outstanding0.1%11.0011.0011.0011.0011.00
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-53.6%9.0020.0028.0030.0021.00
  Share Based Compensation11.3%8.008.006.005.005.00
Cashflow From Investing-6.4%-146-137-149-117-111
Cashflow From Financing8.0%14313214787.0088.00
  Buy Backs-0.00----

Risks for TCX

What is the probability of a big loss on TCX?

79.2%


Probability that Tucows stock will be more than 20% underwater in next one year

40.8%


Probability that Tucows stock will be more than 30% underwater in next one year.

38.1%


Probability that Tucows stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TCX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Tucows was unfortunately bought at previous high price.

Drawdowns

Returns for TCX

Cumulative Returns on TCX

16.2%


10-Year Cumulative Returns

4.7%


7-Year Cumulative Returns

-12.4%


5-Year Cumulative Returns

-18.7%


3-Year Cumulative Returns

What are the long-term rolling returns for TCX?

FIve years rolling returns for Tucows.

Annualized Returns

Which funds bought or sold TCX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
0.11
-102,000
138,000
-%
2023-05-18
JPMORGAN CHASE & CO
added
26.55
-56,000
149,000
-%
2023-05-16
Baker Avenue Asset Management, LP
sold off
-100
-848
-
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
new
-
266,835
266,835
-%
2023-05-15
Legal & General Group Plc
reduced
-58.31
-101,151
31,781
-%
2023-05-15
MetLife Investment Management, LLC
unchanged
-
-75,041
100,868
-%
2023-05-15
Metropolitan Life Insurance Co/NY
reduced
-30.98
-13,363
8,753
-%
2023-05-15
State of Wyoming
added
61.09
-712
8,616
-%
2023-05-15
NORTHERN TRUST CORP
added
1.99
-1,378,920
1,942,220
-%
2023-05-15
STATE OF WISCONSIN INVESTMENT BOARD
added
29.78
-181,141
526,939
-%

1–10 of 45

Latest Funds Activity

Are funds buying TCX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TCX
No. of Funds

Tucows News

Marketscreener.com
Lee Matheson and Gigi Sohn to Stand for Election for Tucows Board of Directors.
Marketscreener.com,
28 hours ago
Marketscreener.com
InvestorIdeas.com
Seeking Alpha
Investing.com UK
Danbury News Times
Tucows: Q1 Earnings Snapshot.
Danbury News Times,
23 days ago
Simply Wall St
Seeking Alpha

Schedule 13G FIlings of Tucows

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
edgepoint investment group inc.
15.4%
1,666,019
SC 13G/A
Feb 09, 2023
vanguard group inc
5.70%
615,568
SC 13G
Feb 07, 2023
blacksheep fund management ltd
9.1%
981,230
SC 13D/A
Feb 01, 2023
blackrock inc.
6.2%
668,308
SC 13G/A
Jan 30, 2023
investmentaktiengesellschaft fuer langfristige investoren tgv
15.9%
1,712,539
SC 13G/A
Dec 20, 2022
blacksheep fund management ltd
10.6%
1,147,251
SC 13D
Jul 11, 2022
edgepoint investment group inc.
12.26%
1,319,310
SC 13G
Mar 10, 2022
blacksheep fund management ltd
10.6%
1,144,853
SC 13G/A
Feb 14, 2022
blacksheep fund management ltd
9.95%
1,061,223
SC 13G/A
Feb 11, 2022
university of notre dame du lac
6.1%
647,876
SC 13G/A

TCX Fair Value

Show Fair-Value

Recent SEC filings of Tucows

View All Filings
Date Filed Form Type Document
May 30, 2023
8-K
Current Report
May 09, 2023
S-8
Employee Benefits Plan
May 09, 2023
8-K
Current Report
May 08, 2023
10-Q
Quarterly Report
May 05, 2023
8-K
Current Report
Mar 15, 2023
10-K
Annual Report

Latest Insider Trading transactions for TCX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-01
Blacksheep Master Fund Ltd.
sold
-1,781,490
33.1904
-53,675
-
2023-01-31
Blacksheep Master Fund Ltd.
sold
-157,167
33.4398
-4,700
-
2023-01-30
Blacksheep Master Fund Ltd.
sold
-19,960
33.2675
-600
-
2023-01-27
Blacksheep Master Fund Ltd.
sold
-255,076
33.6778
-7,574
-
2023-01-26
Blacksheep Master Fund Ltd.
sold
-74,844
34.0204
-2,200
-
2023-01-25
Blacksheep Master Fund Ltd.
sold
-66,574
35.0392
-1,900
-
2023-01-24
Blacksheep Master Fund Ltd.
sold
-161,484
36.1019
-4,473
-
2023-01-23
Blacksheep Master Fund Ltd.
sold
-161,638
35.9196
-4,500
-
2023-01-20
Blacksheep Master Fund Ltd.
sold
-383,029
35.1209
-10,906
-
2023-01-19
Blacksheep Master Fund Ltd.
sold
-323,465
33.6943
-9,600
-

1–10 of 50

Elliot Noss
1000
Tucows Inc. provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through three segments: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services segment provides fixed high-speed Internet access services to individuals and small businesses primarily through the Ting website, and other billing solutions to small internet service providers. The Mobile Services segment offers mobile phones and retail telephony services; and professional services, including implementation, training, consulting, and software development and modification services, as well as operates Mobile Services Enabler platform that provides network access, provisioning, and billing services. The Domain Services segment provides wholesale and retail domain name registration services; portfolio services; and value-added services, such as hosted email, Internet security services, Internet hosting, WHOIS privacy, publishing tools, and other value-added services for end-users under the OpenSRS, eNom, Ascio, and Hover brands. The company was formerly known as Infonautics, Inc. and changed its name to Tucows Inc. in August 2001. Tucows Inc. was incorporated in 1992 and is headquartered in Toronto, Canada.

TCX Income Statement

2023-03-31
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net Revenues$ 80,430$ 81,099
Cost of revenues (note 9)  
Direct cost of revenues49,29049,421
Network, other costs6,3234,180
Network, depreciation of property and equipment8,4365,895
Network, amortization of intangible assets (note 5)378378
Network, impairment of property and equipment1,94227
Total cost of revenues66,36959,901
Gross profit14,06121,198
Expenses:  
Sales and marketing15,73711,987
Technical operations and development4,8153,765
General and administrative8,1467,296
Depreciation of property and equipment152148
Loss on disposition of property and equipment0385
Amortization of intangible assets (note 5)2,4942,465
Total expenses31,34426,046
Income (Loss) from operations(17,283)(4,848)
Other income (expenses):  
Interest expense, net(7,880)(1,796)
Income earned on sale of transferred assets, net (note 16)4,3704,752
Other expense, net0(50)
Total other income (expenses)(3,510)2,906
Income (Loss) before provision for income taxes(20,793)(1,942)
Provision for income taxes (note 7)(1,710)1,078
Net income (loss) for the period(19,083)(3,020)
Other comprehensive income, net of tax  
Unrealized income (loss) on hedging activities (note 4)68968
Net amount reclassified to earnings (note 4)(236)66
Other comprehensive income (loss) net of tax expense (recovery) of ($52) and $329 for the three months ended March 31, 2023 and March 31, 2022 (note 4)(168)1,034
Comprehensive income (loss), for the period$ (19,251)$ (1,986)
Basic loss per common share (note 8) (in dollars per share)$ (1.77)$ (0.28)
Shares used in computing basic loss per common share (note 8) (in shares)10,806,32110,754,758
Diluted loss per common share (note 8) (in dollars per share)$ (1.77)$ (0.28)
Shares used in computing diluted loss per common share (note 8) (in shares)10,806,32110,754,758

TCX Balance Sheet

2023-03-31
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 11,773$ 23,496
Accounts receivable, net of allowance for doubtful accounts of $625 as of March 31, 2023 and $693 as of December 31, 202224,17318,404
Contract asset, current portion (note 9)5,1725,159
Inventory6,5397,284
Prepaid expenses and deposits18,33117,005
Derivative instrument asset, current portion (note 4)1,2491,903
Deferred costs of fulfillment, current portion (note 10)98,25894,198
Income taxes recoverable2,2062,471
Total current assets167,701169,920
Contract asset, long-term portion (note 9)1242,328
Deferred costs of fulfillment, long-term portion (note 10)16,37216,476
Investments2,0122,012
Deferred tax asset80
Property and equipment303,791281,495
Right of use operating lease asset22,19120,489
Contract costs1,9761,827
Intangible assets (note 5)37,08439,790
Goodwill (note 5)130,410130,410
Total assets681,669664,747
Current liabilities:  
Accounts payable16,63917,171
Accrued liabilities22,03222,653
Customer deposits16,12615,783
Derivative instrument liability, current portion (note 4)129389
Operating lease liability, current portion (note 11)5,0404,642
Deferred revenue, current portion (note 9)128,977122,894
Accreditation fees payable, current portion662809
Income taxes payable2,5152,248
Other current liabilities01,600
Total current liabilities192,120188,189
Deferred revenue, long-term portion (note 9)22,45722,237
Accreditation fees payable, long-term portion0142
Operating lease liability, long-term portion (note 11)13,66012,438
Loan payable, long-term portion (note 6)236,025238,930
Total Redeemable Preferred Shares124,80490,434
Deferred tax liability12,95115,720
Stockholders' equity (note 13)  
Common stock - no par value, 250,000,000 shares authorized; 10,831,435 shares issued and outstanding as of March 31, 2023 and 10,817,110 shares issued and outstanding as of December 31, 202232,46131,868
Additional paid-in capital9,7598,106
Retained earnings36,81655,899
Accumulated other comprehensive income (note 4)616784
Total stockholders' equity79,65296,657
Total liabilities and stockholders' equity681,669664,747
Contingencies (note 18)