Added to YB: 2026-01-13
Pitch date: 2026-01-09
FAR.TO [bullish]
Foraco International SA
+0.81%
current return
Author Info
Duck Pond Value Research is seeking tranquil ponds with a value philosophy. Margin of safety is not just a mantra. Follow us for investment theses, sector reports, or our economic perspectives. Sometimes ponds can be moats. Sign up for the newsletter.
Company Info
Foraco International SA, together with its subsidiaries, provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.
Market Cap
CAD 176.5M
Pitch Price
CAD 2.48
Price Target
5.50 (+120%)
Dividend
N/A
EV/EBITDA
5.89
P/E
10.64
EV/Sales
0.99
Sector
Metals and Mining
Category
growth
Foraco: Long before the Metal
FAR.TO: Drilling services co exposed to copper/gold exploration boom; copper demand to double by 2035 driven by EVs/AI, gold supply stagnant with central bank buying; sector disciplined post-2012 crash with limited rig capacity; 3yr $240M contracts signed, junior financing up 93% YoY; 120% upside in base case, 8x P/E target by 2027.
Read full article (15 min)