Added to YB: 2025-05-05
Pitch date: 2025-05-01
FAR.TO [neutral]
Foraco International SA
+38.33%
current return
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 145.3M
Pitch Price
CAD 1.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.20
P/E
9.19
EV/Sales
0.87
Sector
Metals and Mining
Category
turnaround
Foraco Q1 2025 Update - $FAR.to
FAR.TO (earnings update): Mining drilling services co hit hard in Q1 - Rev $55M (-29%), EBITDA $7M (-54%), utilization only 30% (-12pts) - worst seen. Mgmt says not indicative of full year, expects SA ramp-up in Q2. Trading at 4x EV/TTM EBITDA. Mixed commodity exposure: copper 24%, water 21%, gold 18%. Will reassess in 1-2 quarters.
Read full article (2 min)