Professional
Added to YB: 2024-04-12
Pitch date: 2024-04-11
DRX.TO [bullish]
ADF Group Inc.
-15.88%
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 252.4M
Pitch Price
CAD 11.90
Price Target
15.00 (+50%)
Dividend
0.45%
EV/EBITDA
5.08
P/E
8.74
EV/Sales
1.02
Sector
Metals and Mining
Category
growth
ADF Group – Another Quarter, Another Beat; Increasing Target Price
DRX.TO: Q4 rev $88.4M (+72% YoY), EBITDA $15.5M (+164%), FY24 rev $331M (+32%), $510.9M backlog, 22% GM. Expects growth to last 3-5 yrs. Infrastructure tailwinds. Robotic fab line boosting margins. $72M cash to fund projects. Family-owned (45%). $15 PT, 7x FY25E EBITDA.
Read full article (4 min)