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Cogent Communications Holdings

DB:OGM1
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OGM1
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil. The last earnings update was 28 days ago. More info.


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OGM1 Share Price and Events
7 Day Returns
-2.7%
DB:OGM1
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
48%
DB:OGM1
-22.7%
DE Telecom
-14.1%
DE Market
OGM1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cogent Communications Holdings (OGM1) -2.7% 4.4% 21.4% 48% 78.3% 122%
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • OGM1 outperformed the Telecom industry which returned -22.7% over the past year.
  • OGM1 outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
OGM1
Industry
5yr Volatility vs Market

OGM1 Value

 Is Cogent Communications Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cogent Communications Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cogent Communications Holdings.

DB:OGM1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:OGM1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 21%) (28.38%))
0.624
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:OGM1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cogent Communications Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OGM1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 111.39 Analyst x8 107.15
2021 130.53 Analyst x8 120.77
2022 128.40 Analyst x2 114.27
2023 165.09 Analyst x1 141.32
2024 192.41 Analyst x1 158.44
2025 211.09 Est @ 9.71% 167.19
2026 225.18 Est @ 6.68% 171.56
2027 235.45 Est @ 4.56% 172.54
2028 242.68 Est @ 3.07% 171.07
2029 247.62 Est @ 2.03% 167.90
Present value of next 10 years cash flows $1,492.00
DB:OGM1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $247.62 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$5,667.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,667.62 ÷ (1 + 3.96%)10
$3,842.86
DB:OGM1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,492.00 + $3,842.86
$5,334.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,334.86 / 45.93
$116.16
DB:OGM1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OGM1 represents 0.90596x of NasdaqGS:CCOI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90596x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 116.16 x 0.90596
€105.24
Value per share (EUR) From above. €105.24
Current discount Discount to share price of €71.00
= -1 x (€71.00 - €105.24) / €105.24
32.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cogent Communications Holdings is available for.
Intrinsic value
33%
Share price is €71 vs Future cash flow value of €105.24
Current Discount Checks
For Cogent Communications Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cogent Communications Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cogent Communications Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cogent Communications Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cogent Communications Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OGM1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.82
NasdaqGS:CCOI Share Price ** NasdaqGS (2020-03-27) in USD $78.37
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cogent Communications Holdings.

DB:OGM1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CCOI Share Price ÷ EPS (both in USD)

= 78.37 ÷ 0.82

95.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cogent Communications Holdings is overvalued based on earnings compared to the Europe Telecom industry average.
  • Cogent Communications Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cogent Communications Holdings's expected growth come at a high price?
Raw Data
DB:OGM1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 95.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
21.7%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:OGM1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 95.13x ÷ 21.7%

4.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cogent Communications Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cogent Communications Holdings's assets?
Raw Data
DB:OGM1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $-4.47
NasdaqGS:CCOI Share Price * NasdaqGS (2020-03-27) in USD $78.37
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:OGM1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CCOI Share Price ÷ Book Value per Share (both in USD)

= 78.37 ÷ -4.47

-17.53x

* Primary Listing of Cogent Communications Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cogent Communications Holdings has negative assets, we can't compare the value of its assets to the DE Telecom industry average.
X
Value checks
We assess Cogent Communications Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Cogent Communications Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OGM1 Future Performance

 How is Cogent Communications Holdings expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cogent Communications Holdings expected to grow at an attractive rate?
  • Cogent Communications Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Cogent Communications Holdings's earnings growth is expected to exceed the Germany market average.
  • Cogent Communications Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OGM1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OGM1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 21.7%
DB:OGM1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 7.1%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:OGM1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OGM1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 767 247 131 1
2023-12-31 714 220 108 1
2022-12-31 681 185 96 3
2021-12-31 617 178 63 14
2020-12-31 579 158 48 14
2020-03-27
DB:OGM1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 531 149 38
2019-09-30 524 143 37
2019-06-30 518 142 32
2019-03-31 513 132 31
2018-12-31 508 134 29
2018-09-30 501 125 15
2018-06-30 494 122 11
2018-03-31 485 118 9
2017-12-31 474 112 6
2017-09-30 465 114 16
2017-06-30 455 108 16
2017-03-31 446 104 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cogent Communications Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Cogent Communications Holdings's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OGM1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Cogent Communications Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OGM1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.70 2.70 2.70 1.00
2023-12-31 2.25 2.25 2.25 1.00
2022-12-31 1.95 2.62 1.53 4.00
2021-12-31 1.34 1.93 1.00 15.00
2020-12-31 1.02 1.19 0.78 15.00
2020-03-27
DB:OGM1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.82
2019-09-30 0.82
2019-06-30 0.70
2019-03-31 0.69
2018-12-31 0.63
2018-09-30 0.34
2018-06-30 0.24
2018-03-31 0.19
2017-12-31 0.13
2017-09-30 0.36
2017-06-30 0.35
2017-03-31 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cogent Communications Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cogent Communications Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cogent Communications Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OGM1 Past Performance

  How has Cogent Communications Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cogent Communications Holdings's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cogent Communications Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Cogent Communications Holdings's 1-year earnings growth is less than its 5-year average (30.9% vs 45.1%)
  • Cogent Communications Holdings's earnings growth has exceeded the Europe Telecom industry average in the past year (30.9% vs 10.4%).
Earnings and Revenue History
Cogent Communications Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cogent Communications Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OGM1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 531.26 37.52 146.91
2019-09-30 524.12 37.15 143.62
2019-06-30 518.32 31.68 141.06
2019-03-31 512.92 31.10 136.20
2018-12-31 507.69 28.67 133.86
2018-09-30 501.17 15.34 132.39
2018-06-30 494.30 10.76 131.89
2018-03-31 485.18 8.52 129.98
2017-12-31 474.28 5.88 127.92
2017-09-30 464.95 16.00 124.37
2017-06-30 455.43 15.80 121.51
2017-03-31 446.11 15.71 119.54
2016-12-31 437.80 14.93 117.61
2016-09-30 426.38 13.52 116.58
2016-06-30 418.64 13.22 113.85
2016-03-31 409.68 9.84 112.96
2015-12-31 400.63 4.90 113.10
2015-09-30 395.61 2.06 113.83
2015-06-30 388.28 -1.28 113.86
2015-03-31 384.11 -0.91 111.07
2014-12-31 379.80 0.80 107.68
2014-09-30 373.11 53.75 102.61
2014-06-30 365.18 56.05 96.97
2014-03-31 356.36 56.45 92.06
2013-12-31 347.98 56.69 87.24
2013-09-30 340.73 3.81 84.08
2013-06-30 332.63 1.60 81.83
2013-03-31 324.64 -1.80 80.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cogent Communications Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Cogent Communications Holdings used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Cogent Communications Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cogent Communications Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cogent Communications Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OGM1 Health

 How is Cogent Communications Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cogent Communications Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cogent Communications Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cogent Communications Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cogent Communications Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Cogent Communications Holdings has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cogent Communications Holdings Company Filings, last reported 2 months ago.

DB:OGM1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -203.68 782.46 399.42
2019-09-30 -190.50 778.10 396.27
2019-06-30 -176.59 783.91 409.28
2019-03-31 -164.23 631.70 259.14
2018-12-31 -149.00 631.46 276.09
2018-09-30 -125.84 631.22 284.56
2018-06-30 -114.64 561.13 224.28
2018-03-31 -97.06 560.90 236.03
2017-12-31 -102.54 560.68 247.01
2017-09-30 -80.12 560.46 250.77
2017-06-30 -71.20 560.24 256.49
2017-03-31 -63.61 560.06 263.20
2016-12-31 -53.25 559.86 274.32
2016-09-30 -40.49 435.40 148.15
2016-06-30 -29.39 435.23 154.97
2016-03-31 -18.38 445.62 196.05
2015-12-31 -12.27 445.44 203.59
2015-09-30 1.10 450.00 207.29
2015-06-30 22.19 450.00 224.49
2015-03-31 54.25 450.00 260.05
2014-12-31 83.79 437.37 287.79
2014-09-30 108.66 444.54 311.78
2014-06-30 140.62 444.84 349.84
2014-03-31 163.00 335.70 263.75
2013-12-31 193.49 334.30 304.87
2013-09-30 155.04 332.94 304.78
2013-06-30 154.54 260.61 237.34
2013-03-31 155.86 259.03 234.96
  • Cogent Communications Holdings has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cogent Communications Holdings's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Cogent Communications Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cogent Communications Holdings has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OGM1 Dividends

 What is Cogent Communications Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.37%
Current annual income from Cogent Communications Holdings dividends. Estimated to be 3.99% next year.
If you bought €2,000 of Cogent Communications Holdings shares you are expected to receive €67 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cogent Communications Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Cogent Communications Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OGM1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:OGM1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 4.62 1.00
2023-12-31 4.14 1.00
2022-12-31 3.38 4.00
2021-12-31 3.23 13.00
2020-12-31 2.76 13.00
2020-03-27
DB:OGM1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-28 2.640 3.315
2020-02-27 2.640 3.545
2019-11-07 2.560 3.785
2019-08-08 2.480 4.324
2019-05-02 2.400 4.023
2019-02-22 2.320 4.380
2019-02-21 2.320 4.647
2018-11-01 2.240 4.671
2018-08-02 2.160 4.076
2018-05-03 2.080 3.988
2018-02-22 2.000 4.470
2017-11-02 1.920 4.260
2017-08-03 1.840 3.905
2017-05-04 1.760 4.323
2017-02-24 1.680 3.944
2017-02-23 1.680 3.962
2016-11-03 1.600 3.946
2016-08-04 1.520 4.201
2016-05-05 1.480 3.656
2016-02-24 1.560 4.121
2015-11-05 1.520 4.548
2015-08-06 1.480 5.185
2015-05-08 1.440 4.457
2015-05-07 1.440 4.478
2014-11-07 1.510 4.245
2014-08-07 1.200 3.635
2014-05-08 0.910 2.586
2014-02-20 0.870 2.446
2013-11-08 0.600 1.516
2013-08-08 0.560 1.706
2013-05-08 0.520 1.820
2013-05-07 0.520 1.768
2013-02-21 0.480 1.802
2012-11-06 0.440 1.919
2012-05-03 0.400 2.044

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cogent Communications Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Cogent Communications Holdings only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Cogent Communications Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess Cogent Communications Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cogent Communications Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cogent Communications Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OGM1 Management

 What is the CEO of Cogent Communications Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Schaeffer
COMPENSATION $9,523,519
AGE 63
CEO Bio

Mr. David Schaeffer, also known as Dave, Ph.D., founded Cogent Communications Holdings, Inc., in August 1999 and serves as its Chairman, Chief Executive Officer and President. Mr. Schaeffer is a Founder of Cogent Communications, Inc. and serves as its Chief Executive Officer. Mr. Schaeffer also serves as an Industry Advisor at Jerusalem Venture Partners (JVP). He is an Operating Partner at Catalyst Investors. He founded Pathnet Inc., and served as its Chief Executive Officer from 1995 to 1997 and Chairman from 1997 to 1999. He also founded and operated a total of seven successful businesses, including the second-largest delivery and ground transportation enterprise in the United States with annual revenues of approximately $25 million and a property and casualty underwriter with $17 million in assets and $12 million in annual revenues. He has been Independent Director at Cyber-Ark Software, Inc. since May 2014. He has been an Independent Director of CyberArk Software, Ltd. since May 2014. He has also developed 44 commercial real estate properties in the Washington D.C. metro area, retaining controlling interest in 23 of these projects. His diverse background and entrepreneurial successes have enabled him to build management teams that constructed and operate the only facilities-based, non-oversubscribed multinational network of its kind. He has been a Director of Cogent Communications Holdings, Inc., since 1999. He has successfully founded and operated six other businesses prior to Cogent. These businesses span a wide array of industries from communications to commercial real estate. His diverse background and entrepreneurial successes have enabled him to build management teams that constructed and operate the only facilities-based, non-oversubscribed international network of its kind. He holds a B.S. in Physics from the University of Maryland, where he was a Ph.D. candidate in Economics.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team

Dave Schaeffer

TITLE
Founder
COMPENSATION
$10M
AGE
63

Raymond Kummer

TITLE
CTO & VP of Optical Transport Engineering
COMPENSATION
$954K
AGE
70

James Bubeck

TITLE
Chief Revenue Officer & VP of Global Sales
COMPENSATION
$1M
AGE
53
TENURE
4.4 yrs

Tad Weed

TITLE
CFO & Treasurer (Leave of Absence)
COMPENSATION
$2M
AGE
58

Tim O'Neill

TITLE
Vice President of Field Engineering
COMPENSATION
$973K
AGE
63

Jean-Michel Slagmuylder

TITLE
Acting CFO & Treasurer
AGE
56

John Chang

TITLE
Chief Legal Officer
AGE
47

Vincent Teissier

TITLE
Director of Business Development
AGE
51

Ried Zulager

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Cogent Communications Holdings board of directors in years:

0.9
Average Tenure
63
Average Age
  • The average tenure for the Cogent Communications Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Bath

TITLE
Independent Director
COMPENSATION
$374K
AGE
56
TENURE
13.3 yrs

Dave Schaeffer

TITLE
Founder
COMPENSATION
$10M
AGE
63

Lewis Ferguson

TITLE
Independent Director
COMPENSATION
$376K
AGE
74
TENURE
1.4 yrs

Marc Montagner

TITLE
Lead Independent Director
COMPENSATION
$376K
AGE
57
TENURE
0.1 yrs

Steven Brooks

TITLE
Independent Director
COMPENSATION
$375K
AGE
67
TENURE
16.4 yrs

Sheryl Kennedy

TITLE
Independent Director
COMPENSATION
$102K
AGE
63
TENURE
0.3 yrs

Carolyn Katz

TITLE
Independent Director
COMPENSATION
$102K
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Cogent Communications Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Sell Lewis Ferguson Individual 11. Mar 20 11. Mar 20 -300 €73.51 €-22,053
10. Mar 20 Sell Timothy O'Neill Individual 10. Mar 20 10. Mar 20 -1,352 €73.01 €-98,705
06. Mar 20 Sell David Bath Individual 05. Mar 20 05. Mar 20 -5,500 €77.29 €-425,088
04. Mar 20 Sell Raymond Kummer Individual 03. Mar 20 03. Mar 20 -4,800 €72.83 €-349,599
03. Mar 20 Sell Marc Montagner Individual 03. Mar 20 03. Mar 20 -1,350 €71.20 €-96,117
13. Dec 19 Sell Lewis Ferguson Individual 12. Dec 19 12. Dec 19 -570 €55.33 €-31,538
06. Dec 19 Sell Timothy O'Neill Individual 06. Dec 19 06. Dec 19 -2,000 €56.08 €-112,166
05. Dec 19 Sell David Bath Individual 04. Dec 19 05. Dec 19 -4,000 €56.24 €-224,499
04. Dec 19 Sell Thaddeus Weed Individual 03. Dec 19 03. Dec 19 -5,000 €55.67 €-278,355
12. Nov 19 Sell Timothy O'Neill Individual 11. Nov 19 11. Nov 19 -2,500 €57.34 €-143,352
11. Sep 19 Sell Lewis Ferguson Individual 10. Sep 19 10. Sep 19 -675 €52.75 €-35,608
05. Sep 19 Sell Thaddeus Weed Individual 05. Sep 19 05. Sep 19 -5,000 €54.31 €-271,530
03. Sep 19 Sell Timothy O'Neill Individual 30. Aug 19 30. Aug 19 -1,000 €55.44 €-55,443
22. Aug 19 Sell Richard Liebhaber Individual 21. Aug 19 21. Aug 19 -5,000 €53.99 €-269,925
13. Jun 19 Sell Thaddeus Weed Individual 13. Jun 19 13. Jun 19 -1,400 €53.96 €-75,543
10. Jun 19 Sell Raymond Kummer Individual 10. Jun 19 10. Jun 19 -2,400 €54.13 €-129,918
06. Jun 19 Sell Thaddeus Weed Individual 05. Jun 19 05. Jun 19 -5,000 €52.01 €-260,062
06. Jun 19 Sell Timothy O'Neill Individual 06. Jun 19 06. Jun 19 -4,000 €51.91 €-207,632
24. May 19 Sell Lewis Ferguson Individual 23. May 19 23. May 19 -515 €51.44 €-26,494
22. May 19 Sell Raymond Kummer Individual 22. May 19 22. May 19 -2,440 €52.37 €-127,776
09. May 19 Sell David Bath Individual 09. May 19 09. May 19 -10,000 €51.53 €-515,342
07. May 19 Sell Thaddeus Weed Individual 06. May 19 06. May 19 -1,500 €51.00 €-76,497
X
Management checks
We assess Cogent Communications Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cogent Communications Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OGM1 News

Simply Wall St News

OGM1 Company Info

Description

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services primarily to small and medium-sized businesses, communications service providers, and other bandwidth-intensive organizations in North America, Europe, Asia, Australia, and Brazil. The company offers on-net Internet access and private network services to law firms, financial services firms, advertising and marketing firms, other professional services businesses, other Internet service providers, telephone companies, cable television companies, Web hosting companies, content delivery network companies, and commercial content and application service providers. It also provides on-net services in carrier-neutral data centers, Cogent controlled data centers, and single-tenant office buildings. In addition, the company offers off-net services to businesses that are connected to its network primarily by means of ‘last mile’ access service lines obtained from other carriers primarily in the form of metropolitan Ethernet circuits. Further, it provides Internet connectivity to customers that are not located in buildings directly connected to its network, as well as offers voice services. The company operates 52 data centers. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

Details
Name: Cogent Communications Holdings, Inc.
OGM1
Exchange: DB
Founded: 1999
$3,333,564,718
45,926,414
Website: http://www.cogentco.com
Address: Cogent Communications Holdings, Inc.
2450 North Street NW,
Washington,
District Of Columbia, 20037,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CCOI Common Stock Nasdaq Global Select US USD 05. Feb 2002
DB OGM1 Common Stock Deutsche Boerse AG DE EUR 05. Feb 2002
Number of employees
Current staff
Staff numbers
1,055
Cogent Communications Holdings employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:20
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.