Cogeco Inc (CGECF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Cogeco Inc $323, price $34.89, upside +826.8%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $24.36 – $60.31 · fair‑value band $123.77 – $522.94 · the $34.89 price screens below the $323.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Cogeco Inc. operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications.
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Cogeco Inc. operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States. The company provides advanced network connectivity services, such as dedicated fibre, session initiation protocol, primary rate interface, trunking solutions, and hosted private branch exchange solutions, as well as managed business Wi-Fi. In addition, it owns and operates 21 radio stations with complementary radio formats and coverage serving a range of audiences primarily across the province of Québec; and Cogeco News, a news agency. It serves primary service units, including Internet, video, and telephony service customers. The company was incorporated in 1957 and is headquartered in Montreal, Canada. Cogeco Inc. operates as a subsidiary of Gestion Audem Inc.
Stock analysis
Cogeco Inc (CGECF) currently trades at $34.89, while our model-based Fair Value estimate is $323.35, implying the stock looks roughly 89.2% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $378.55 per share, and 24 of the 25 models we run sit above the $34.89 price.
Bear case: the Earnings-Based group reads lowest at $38.35, and 1 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: $123.77 (bear) to $522.94 (bull), the price of $34.89 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cogeco Inc reported revenue of C$3.0B in FY2025 versus C$2.6B in FY2021, a compound +3.7%/yr. Reported net income was C$85.0M in FY2025, compounding −12.0%/yr from FY2021.
Key figures
Market cap $437M · P/E ratio 7.4 · P/S ratio 0.21 · EPS (TTM) $6.25 · Dividend yield 10.9% · Net margin 2.8% · Return on equity 9.0% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 36% fair-value upside, at 827%, CGECF screens cheaper than that median.
Fair Value models
Bear $123.77Fair Value $323.35Bull $522.94
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($2.43 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.9%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.0%
Dividend (yield on the price)10.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.0% vs 6.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.27% → 24%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 237 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (TTM)9.0% · Above median
Return on assets4.5% · Above median
Net margin (TTM)2.9% · Below median
Operating margin (TTM)23.9% · Top 25%
Growth and dividend
Revenue growth−5.3% · Bottom 25%
Dividend yield (TTM)10.9% · Top 25%
Balance sheet
Debt / equity5.41× · Highest 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (TTM)7.4× · Cheapest 25%
P/B0.72× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cogeco Inc Fair Value". https://www.fairvalue-calculator.com/stock/CGECF
Frequently asked questions
Is Cogeco Inc (CGECF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $323.35 versus a price of $34.89, about +827% upside (undervalued).
What is the fair value of CGECF?
Our model-based fair value for Cogeco Inc is $323.35 (as of Sep 24, 2026), built from audited fundamentals. The current price: $34.89.
What is the quality score of CGECF?
Cogeco Inc has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cogeco Inc (CGECF)?
Our model-based price target is the fair value of $323.35 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $123.77, optimistic scenario $522.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Cogeco Inc stock forecast for 2026?
Our models put fair value at $323.35, about +827% upside versus a price of $34.89 (undervalued). Cautious scenario $123.77, optimistic scenario $522.94. The calculation is refreshed regularly with new filings.
What is the revenue of Cogeco Inc (CGECF)?
Cogeco Inc reported trailing-twelve-month revenue of about C$2.9B (latest available figure, as of Sep 24, 2026).
Does Cogeco Inc pay a dividend?
Cogeco Inc currently shows a dividend yield of about 10.94% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Cogeco Inc (CGECF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cogeco Inc it is $323.35 per share (as of Sep 24, 2026), against a price of $34.89. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Cogeco Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, CGECF trades below its calculated fair value: price $34.89, fair value $323.35, a gap of about +827% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CGECF?
No. The price is what the market pays today ($34.89); the fair value is what the company's own numbers justify ($323.35). For Cogeco Inc the two are $288.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cogeco Inc worth?
The market values Cogeco Inc at about $437M (market capitalisation, as of Sep 24, 2026). Per share that is $34.89; our models calculate a fair value of $323.35 per share.
What do the bullish and bearish scenarios say about CGECF?
Our models span a range for Cogeco Inc: cautious scenario $123.77, base $323.35, optimistic $522.94 per share (as of Sep 24, 2026, price $34.89). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CGECF?
Cogeco Inc trades at a price-to-earnings ratio of 7.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $323.35 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.2, EV/EBITDA 3.7.
How solid is the balance sheet of Cogeco Inc (CGECF)?
Balance-sheet figures for Cogeco Inc (as of Sep 24, 2026): return on equity 9.0%, debt of 5.41 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is CGECF from its 52-week high?
Cogeco Inc trades at $34.89, about 36% below its 52-week high of $54.64 and 1% above the low of $34.39 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $323.35 is for.
Which stocks are comparable to Cogeco Inc?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cogeco Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $34.89, calculated fair value $323.35 (+827%), Quality Score 53/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CGECF calculated?
We run Cogeco Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $323.35, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Cogeco Inc currently trades 89 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cogeco Inc (CGECF)?
The closing price on Oct 2, 2026 was $34.89. Our model-based fair value is $323.35, about +827% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cogeco Inc right now?
The price is below even our cautious bear case ($123.77). The market is more pessimistic than our downside scenario. The model range is unusually wide ($123.77 to $522.94). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Cogeco Inc (CGECF) come from?
Earnings per share at Cogeco Inc grew +4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.4 %, EBIT margin +1.9 %, tax rate −0.2 %, residual (interest, one-offs) −4.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cogeco Inc
How large is the market capitalisation of Cogeco Inc (CGECF)?
The market capitalisation of Cogeco Inc is $437M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cogeco Inc (CGECF)?
The price-to-sales ratio of Cogeco Inc is 0.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cogeco Inc (CGECF)?
Earnings per share at Cogeco Inc are $6.25 (price ÷ EPS = P/E 7.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cogeco Inc (CGECF)?
The dividend yield of Cogeco Inc is 10.9% (payout 61.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cogeco Inc (CGECF)?
The net margin of Cogeco Inc is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cogeco Inc (CGECF)?
The return on equity (ROE) of Cogeco Inc is 9.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cogeco Inc (CGECF)?
On an EBIT basis the return on assets of Cogeco Inc is 8.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cogeco Inc (CGECF)?
The operating margin of Cogeco Inc is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cogeco Inc (CGECF)?
Revenue at Cogeco Inc is growing −5.3% versus a year earlier (3y avg +0.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cogeco Inc (CGECF)?
Earnings per share at Cogeco Inc are growing +4.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cogeco Inc (CGECF) generate?
The free cash flow of Cogeco Inc is C$515M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cogeco Inc (CGECF) carry?
The net debt of Cogeco Inc is C$4.6B (fiscal year 2025, ≈ 9.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 24, 2026