Professional
Added to YB: 2026-09-23
Pitch date: 2026-06-30
WMS [bullish]
Advanced Drainage Systems, Inc.
-16.63%
current return
Author Info
No bio for this author
Company Info
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally.
Market Cap
$9.6B
Pitch Price
$155.61
Price Target
N/A
Dividend
0.63%
EV/EBITDA
11.44
P/E
21.66
EV/Sales
3.48
Sector
Building Products
Category
growth
Baron SMID Cap ETF New Portfolio Holding: Advanced Drainage Systems, Inc.
WMS: Advanced Drainage Systems is the only scaled national player in fragmented stormwater and onsite wastewater markets, with a lowest-cost position and multiple secular tailwinds. Management targets revenue growth above 8% organically through 2030 and above 10% including acquisitions, with margin upside from an eventual construction recovery. Shares trade at roughly 12 times fiscal 2027 EBITDA on expected near-bottom-cycle earnings.
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