Added to YB: 2025-06-02
Pitch date: 2025-05-30
CNRD [bullish]
Conrad Industries, Inc.
+66.13%
current return
Author Info
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Company Info
Conrad Industries, Inc. operates as a shipbuilder in the United States. The company offers new construction, repair and conversion, engineering experts, computer-aided manufacturing, and LNG industry services.
Market Cap
$193.7M
Pitch Price
$15.50
Price Target
71.00 (+176%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Machinery
Category
turnaround
Conrad Rides Again
CNRD: Shipbuilder at 1x EV/EBITDA with $36M cash (half mkt cap). Strong Q1 shows recovery from Navy contract losses. $293M backlog of high-margin barge orders amid fleet replacement cycle. Base case: 8% op margin→$27/sh. Historical peak: 11%→$48/sh. Optimistic: 15%→$71/sh. Risks: steel costs, lumpy revenue.
Read full article (8 min)