Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-12
DRX.TO [bullish]
ADF Group Inc.
-53.36%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their newsletter.
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 289.5M
Pitch Price
CAD 18.95
Price Target
51.00 (+477%)
Dividend
0.39%
Sector
Metals and Mining
Category
growth
ADF Group Reports Robust Q1 Earnings, Indicating Major Upside Potential
DRX.TO: Q1 revenues $107M (+34% YoY), gross margins expanded to 29.2% (from 16.8%), $23.1M EBITDA (+130% YoY), $15.3M net income (+184% YoY). Order book at $517M. Plans to repurchase up to 9.2% of shares. Valuation remains low despite strong results, indicating 80-150% upside potential.
Read full article (2 min)