Professional
Added to YB: 2026-02-03
Pitch date: 2026-01-30
DRX.TO [bullish]
ADF Group Inc.
+12.6%
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 8.89
Price Target
13.00 (+30%)
Dividend
0.45%
EV/EBITDA
5.08
P/E
8.74
EV/Sales
1.02
Sector
Metals and Mining
Category
growth
ADF Group – Increasing Target Price on $140M in New Contracts
DRX.TO (update - increased price target): $140M new contracts across Quebec, Ontario & US West Coast spanning transportation, commercial, industrial & hydro markets. Fabrication starts June 2026 through 2027. Pro forma backlog $637M vs $497M. LAR integration progressing well. Price target raised to $13 (from $12), 62% upside on 4.5x FY27E EBITDA.
Read full article (3 min)