Added to YB: 2026-03-12
Pitch date: 2026-03-10
FAR.TO [neutral]
Foraco International SA
-1.32%
current return
Author Info
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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 210.0M
Pitch Price
CAD 3.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.40
P/E
13.70
EV/Sales
1.11
Sector
Metals and Mining
Category
growth
The Pond Tracker | Mar '26 - Foraco International SA
FAR.TO (update): Q1 2026 rig utilization >50% vs 36% avg in 2025, targeting steady 67% rate. Order backlog +83% vs Q4 2024, provides visibility for 66% of 2026 rev est & 41% of 2027. Maintaining 50% utilization would imply >30% rev increase. Stock -12% since earnings amid market panic despite strong fundamentals.
Read full article (1 min)