Added to YB: 2026-05-05
Pitch date: 2026-05-01
FAR.TO [neutral]
Foraco International SA
-5.11%
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 214.2M
Pitch Price
CAD 3.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.16
P/E
14.01
EV/Sales
1.25
Sector
Metals and Mining
Category
growth
Foraco International Q1 2026 Update – FAR.TO
FAR.TO (update): Q1 rev $66.3M (+20% YoY) in-line, EBITDA $7.4M (+5%) but margin compressed to 11.1% vs 12.8% on ramp-up projects. Utilization exit >50%, targeting mid-70s. Record $404M backlog, ~50% Q1 rev from new work. Capex elevated at $9.9M, net debt $90.9M. Trading 7x TTM EBITDA, 5.8x 2026E. WC +$14.8M to convert Q4. Margins to improve as contracts reach efficiency.
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