McCoy Global

MCB.TO

Oil & Gas Equipment & Services · Energy

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Exceptional

Valuation

Mixed

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Winston Score History

The full picture

McCoy Global makes specialized equipment and software used in oil and gas drilling. Its main products help workers on drilling rigs make up and monitor threaded pipe connections — a critical step when drilling oil and gas wells. The company sells to drilling contractors and oilfield service companies around the world.

McCoy earns revenue by selling its torque-turn systems, electronic controls, and related software, as well as through aftermarket parts and service contracts. It operates globally, with customers in North America, the Middle East, and other active drilling regions, though it is a small company with a market cap around $100 million. Its moat comes from specialized technology and long-standing customer relationships in a niche market, but its revenue is closely tied to drilling activity levels — meaning a prolonged drop in oil prices or reduced capital spending by oil producers is the key risk the business faces.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-51.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-500.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

10.0%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

C$8M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

McCoy Global's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

5.7%

Thin — 5.7% gross margin

Profit after running costs

Operating Margin

-27.2%

Losing money on operations — -27.2%

Return on the money invested

ROCE

9.0%

Below par — 9.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-8.1%

Shrinking sales (-8.1% YoY)

Profit growth

EPS YoY

-45.5%

Earnings shrinking (-45.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

44%

Weak — only 44% of profit becomes cash

Spare cash per sale

FCF Margin

-3.3%

Burning cash (-3.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.08

Conservative — low debt load (0.08)

Covers its interest

Interest Cover

12.93x

Comfortably covers interest (12.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

16.8x

no trend

Fair value — P/E 16.8

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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