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Company Analysis

Tucows Inc. TCX

A comprehensive view of key metrics, scores, and financial health for Tucows Inc.

Overview of Tucows Inc.

TCX NCM
Technology Software - Infrastructure Framework: Software & SaaS Micro Cap
Tucows Inc. (TCX), is a Micro Cap company, in the Software - Infrastructure industry, last closed at $12.01, about 1057.7% undervalued vs fair value, -37.6% 1Y return, ranked 537/780 in sector.
Metrics Rev Growth 7.7% ROE 58.4% Gross Margin 24.1%
USD 12.01
9.28%
(Delayed)
• Vol 90d: 118.1%
52-Week Range
Market Cap
$134.30M
Enterprise Value
$573.55M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Growth
Weak
Profitability
Fair
Health
Weak
Efficiency
Fair
Valuation
Weak
Completeness: 88%
Confidence: 91%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.tucows.com
HQ Toronto, ON
Fiscal year Dec 31

Next Events

Earnings Nov 5 Call: Nov 18

Fair Value Snapshot

Bear Base Bull
$126
$139
$154
Current: $12.01 +1058% vs base

Engine Room Money Flow™

Micro Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps
Total Revenue
$390.3M
7.7%%
Gross Profit
$94.0M
13.2%%
Operating Income (GAAP)
-$23.5M
63.9%%
Operating Cash Flow
-$5.8M
70.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Software & SaaS

Quality & Reliability Indicators

Gross Margin
24.1%
Poor

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
1/3
Improving
0
High Impact
2
Critical
Locked Leak
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Locked Leak
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Moat Analysis Software & SaaS Specialized

Competitive Advantage Assessment

Evaluating Tucows Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
45
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Consistent Subscription Growth Revenue consistency is strong (score 1.00), pointing to a sticky customer base.
  • Returns Hold Over Time Return durability is healthy (score 0.71), indicating durable capital efficiency.

Key risks

  • Margin Compression Risk Margin quality is below peer norms (score 0.28), suggesting pricing pressure.
  • Weak Cash Conversion Cash conversion is weak (score 0.33), limiting evidence of scalable cash generation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Recurring Revenue Stickiness

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Signals, strengths and risks for Innovation Engine

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Signals, strengths and risks for Cash Scalability

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Balance Sheet Resilience

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing TCX's balance between Growth (50.0%), Profitability (33.1%), and Safety (16.9%). Growth 50% Safety 17% Profitability 33%

Click axes to expand details. Marker shows current allocation.

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Growth

44th percentile vs peers
44
Key Signals
Rev Growth YoY 7.7% 45p Revenue CAGR 3Y 6.7% 44p Def Rev Growth -1.8% 32p EPS Growth YoY 31.6% 53p Buyback % 0.9% 55p
Strengths

No notable strengths identified for this axis.

Risks

No significant risks identified for this axis.

Profitability

29th percentile vs peers
29
Key Signals
Strengths
Risks
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Safety

14th percentile vs peers
15
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Tucows Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
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-XX%XX%
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Bear
-
- - -
- upside
-
Base
$139.04
- - -
+1057.7% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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