Professional
Added to YB: 2026-07-03
Pitch date: 2026-06-30
DRX.TO [bullish]
ADF Group Inc.
+3.7%
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 488.5M
Pitch Price
CAD 17.02
Price Target
21.00 (+23%)
Dividend
0.23%
EV/EBITDA
9.04
P/E
16.40
EV/Sales
1.54
Sector
Metals and Mining
Category
growth
ADF Group – US Business Gaining Momentum Again; Increasing Target Price
DRX.TO (increased price target): Steel fabricator signed $127M new US contracts, YTD >$280M; PF backlog record $772.8M. Q1 rev $99.3M (+79% YoY), 24% GM, EBITDA $18.5M (19% margin), EPS $0.42, all beat. LAR diversifies into Canada/hydro. Family owns 42%. PT raised to C$21 (from C$16), 9.2x FY28 EPS, 6.5% FCF yield.
Read full article (4 min)