Added to YB: 2026-08-04
Pitch date: 2026-08-01
FAR.TO [neutral]
Foraco International SA
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 161.1M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.68
P/E
13.21
EV/Sales
0.88
Sector
Metals and Mining
Category
turnaround
Foraco International Q2 2026 Update – FAR.TO
FAR.TO (holding update): Q2 rev $84.5M (+22% YoY) beat, but GM 15.5% (-500bps), EBITDA $15M (+7%). Rig utilization 51% vs 35%. S.America +94%, Brazil tripled; NA +28%; Australia contracts renewed. Record backlog. Double-digit price hikes negotiated, not yet in results. Trades 5.25x EV/ttm EBITDA, 4.7x/3.7x FY26/27. Capex heavy so FCF depressed; debt reduction priority. Story hinges on demand translating to cash flow/margin recovery H2. Holds shares.
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