AlphaMadera's AlphaVal page classifies Cogent Communications Holdings, Inc. as a Leveraged Infrastructure business and values it using EV/EBITDA × Telecom Multiple, then compares the result to the current market price to flag CCOI as undervalued, fairly valued, or overvalued.

What is Cogent Communications Holdings, Inc.'s fair value?

Fair value for CCOI comes from a EV/EBITDA × Telecom Multiple model -- the approach AlphaVal selected for this company's Leveraged Infrastructure classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value CCOI?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. CCOI was classified as Leveraged Infrastructure and is valued using EV/EBITDA × Telecom Multiple, built from CCOI's most recent reported fundamentals.

CCOI - Cogent Communications Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $16.40 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Leveraged Infrastructure 80% confidence

Primary model: EV/EBITDA × Telecom Multiple

Valuation Signal Overvalued Mild

Trading 0.0% below fair value

Current Price $7.76

Bear Case $0.00 100.0% downside ($0.00 - $7.76) / $7.76 = -100.0% EBITDA $0B × 7.2x − $3B debt

Fair Value $0.00 100.0% downside ($0.00 - $7.76) / $7.76 = -100.0% EBITDA $0B × 8.4x − $3B debt

Bull Case $0.00 100.0% downside ($0.00 - $7.76) / $7.76 = -100.0% EBITDA $0B × 9.6x − $3B debt

Adjust Assumptions

EV/EBITDA Multiple

8.4x

Key Value Driver

EV/EBITDA multiple (8.4x) vs. 14.6× leverage

Terminal Value % of EV

Implied Market Multiple 16.7x

Market is pricing in (growth)

Plain-Language Summary

At 8.4x EV/EBITDA on $0B EBITDA, enterprise value is $2B. After subtracting $3B net debt, equity value is $0.00 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (32 analysts) $16.40

Analyst Range $9.00 – $34.00

Divergence from AlphaVal 100%

Warnings

⚠ Debt is 14.6x annual operating profit. Because the company carries so much debt, even small shifts in business value cause big swings in the stock price.

⚠ Operating profit only covers interest payments 1.2 times over. If the company needs to refinance at higher rates, it could struggle to service its debt.

ℹ We value this business based on total operating profit relative to total enterprise value (debt + equity). Profit-per-share metrics are unreliable when debt makes up most of the company's value.

ℹ Wall Street's average price target is $16.40 (from 32 analysts). Our estimate is 100% below the consensus -- consider that gap carefully.

⚠ This stock is 83% below its 52-week high, with weak or declining earnings. That combination often signals real trouble, even though the valuation below is based on other fundamentals.

Key Risks

Debt refinancing at higher rates compresses equity value quickly
EBITDA flatters — capex, interest, and taxes eat the cash flow
Cord-cutting and wireless substitution are structural headwinds for cable