TSE:MCB

McCoy Corp. (MCB.TO)

2.31
+0.01 (0.43%)
as of Sep 1, 2026, 7:59:59 pm Market Open.
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Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

McCoy Corp. (MCB-T) is currently facing challenges due to the ongoing Middle East conflict, with significant portions of its backlog tied to the region. While a recent dividend suspension is viewed negatively, the company posted earnings per share (EPS) of 24 cents, surpassing the estimated 10 cents, and revenue of $25.6 million, exceeding the forecast of $22.6 million. The EBITDA of $6.5 million was also notably above expectations. In light of current circumstances, McCoy Corp. is taking measures to preserve capital, including identifying $2 million in cost savings through workforce reductions. Despite these issues, the company's balance sheet is considered reasonably sound, though trailing twelve-month cash flow has turned negative, indicating potential risk ahead for investors. Given the cheap 6x earnings valuation, analysts recommend holding the stock as they believe the conflict will eventually be resolved.

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Consensus
HOLD
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Valuation
Undervalued
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Similar
Husky, HSE
BUY

Really quite a good company. Manufactures farm equipment and other industrial products. Likes how they think. Came out with some new products about a year ago and it hurt their short-term performance. They were of the view that the products were good and the revenues would kick in later. So the stock took a bit of it for a couple of quarters. Great products, sales are picking up, margins are improving and it’s up to a new high. Could be a takeout candidate. Not expensive.

HOLD

This is in the right sector and the basket in this sector has done well and thinks it will continue to do so. Chart shows an initial advance in 2010 and then a large consolidation during 2011 and 2012, which he calls bullish congestion. Nothing to stop it from going higher.

PARTIAL SELL

Hasn’t looked at this for a year or two. A decent business, but you have to remember this is an oil field services business. This sector has been absolutely battered in the last year. This is a very small company. Hitting a 52-week high is an aberration. If you own, he would consider taking some profits at this point.

DON'T BUY

(Market Call Minute.) There are way better oil/gas service companies to own than this one.

BUY

Has taken a bit of a breather here. Almost 6% dividend. Have some interesting opportunities offshore, which is obviously going to be a big part of the big North American scene if the US does decide to drill.

BUY
Drilling tools for oil. Have a good backlog. Good management. Not very liquid. $100 million market cap but the insiders own about 50%. Earnings where $0.18 last year, probably $0.38 this year and maybe $0.50 next year. Trades at 10X this year's earnings. Cheap.
PAST TOP PICK
(A Top Pick June 26/08.) Down 64.78%.) World's largest manufacturer of drilling tongs for oil rigs.
PAST TOP PICK
(A Top Pick March 28/08. Down 71.8%.) World's largest manufacturer of oil platforms’ hydraulic power tongs. Debt-free. Very cheap. Potentially a takeover target.
PAST TOP PICK
(A Top Pick March 28/08. Down 70.7%.) World's largest manufacturer of the tongs that go on drilling rigs. Very little debt. Low multiple of current earnings (will probably go down this year). 12% yield. Very cheap.
PAST TOP PICK
(A Top Pick March 28/08. Down 22%.) Got caught because of lower energy costs. Had very strong earnings. Buying shares back and pay a dividend. Clean balance sheet. World’s largest manufacturer of oil platforms' hydraulic power tongs and are making headway in trailers. Still a Buy.
TOP PICK
Edmonton-based provider of oil field service materials. World's largest manufacturer of the tongs that go on drilling rigs. They make pipe hauling rigs and service them. 3% dividend. No debt.
TOP PICK
Western Canada is doing well. Small cap company only followed by 1 or 2 analysts. World’s largest manufacturer of oil platforms' hydraulic power tongs. Oil is a growing 15% margin kind of business. Hope to move revenues from $160 to 300 million by the end of 2009. $5.50 is a good short-term target. In 3-4 years can be up to $6-7.
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