Why is Tucows, Inc. ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -1.00
- The company has been able to generate a Return on Equity (avg) of 1.13% signifying low profitability per unit of shareholders funds
2
Risky - Negative Book Value
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 33.52%, its profits have risen by 29.1%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Commercial Services & Supplies)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Tucows, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Tucows, Inc.
28.94%
0.05
53.96%
S&P 500
13.22%
0.61
20.17%
Quality key factors
Factor
Value
Sales Growth (5y)
2.16%
EBIT Growth (5y)
-170.82%
EBIT to Interest (avg)
-1.00
Debt to EBITDA (avg)
2.15
Net Debt to Equity (avg)
-5.22
Sales to Capital Employed (avg)
0.66
Tax Ratio
9.30%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
76.84%
ROCE (avg)
0.02%
ROE (avg)
1.13%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-1.98
EV to EBIT
-78.23
EV to EBITDA
4.52
EV to Capital Employed
1.71
EV to Sales
2.11
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-2.18%
ROE (Latest)
Negative BV
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Technical Movement
11What is working for the Company
NET PROFIT(HY)
Higher at USD -28.69 MM
DEBTORS TURNOVER RATIO(HY)
Highest at 17.65 times
NET SALES(Q)
Highest at USD 98.46 MM
RAW MATERIAL COST(Y)
Fallen by -3.54% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 64.54 times
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Tucows, Inc.
Net Sales
Highest at USD 98.46 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (USD MM)
Net Profit
Higher at USD -28.69 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Debtors Turnover Ratio
Highest at 17.65 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Inventory Turnover Ratio
Highest at 64.54 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Raw Material Cost
Fallen by -3.54% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
At USD 58.27 MM has Grown at 399.47%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (USD MM)






