Professional
Added to YB: 2025-07-28
Pitch date: 2025-07-23
DRX.TO [neutral]
ADF Group Inc.
-4.42%
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 10.47
Price Target
12.00 (+20%)
Dividend
0.45%
EV/EBITDA
5.08
P/E
8.74
EV/Sales
1.02
Sector
Metals and Mining
Category
growth
ADF Group – Signs Five-Year Contract for $35-40M Annually
DRX.TO (update): $35-40M annual 5-year Quebec energy contract with 5-year extension option (potential $400M total), diversifying revenue beyond US (85% historically). Q2 est: $58.2M revenue, 22% margin, $10M EBITDA. Trading at 4.1x/3.5x FY26E/FY27E EBITDA vs peers 9.5x. $12 PT (29% upside).
Read full article (3 min)