Professional
Added to YB: 2025-06-12
Pitch date: 2025-06-10
DRX.TO [neutral]
ADF Group Inc.
+8.73%
current return
Author Info
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Company Info
ADF Group Inc. engages in the design and engineering of connections including industrial coatings in Canada and the United States.
Market Cap
CAD 252.4M
Pitch Price
CAD 9.21
Price Target
10.00 (-0%)
Dividend
0.45%
EV/EBITDA
5.08
P/E
8.74
EV/Sales
1.02
Sector
Metals and Mining
Category
value
ADF Group – In Line Q1 Financials; Tariff Impact Less than Expected
DRX.TO (earnings update - raised price target): Q1 revenue -48% YoY to $55.5M due to tariff disruption, but exempt when using US steel. EBITDA $10.4M (19% margin), backlog $340.4M. Cash $75.3M, debt $44.5M. Expect improved H2 performance. Trades at cheap 2.1x/3.5x FY25A/26E EBITDA vs peers 9.5x/7.6x. $10 PT (from $9). BUY.
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