Added to YB: 2025-09-19
Pitch date: 2025-09-17
DRX.TO [neutral]
ADF Group Inc.
+0.5%
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 231.9M
Pitch Price
CAD 8.19
Price Target
N/A
Dividend
0.48%
EV/EBITDA
3.91
P/E
6.83
EV/Sales
0.84
Sector
Metals and Mining
Category
value
ADF Group ($DRX.TO) FINS Review
DRX.TO downgrade to 3.25 stars: Q2 rev down 29% to $53M, margins fell to 20.7% vs 36.9%, net income $900k vs $16M prior year. OCF weak at $7.4M vs $60M. However, backlog up 42% QoQ, LAR acquisition adding $105M rev, trades <7x P/E, <4x EV/EBITDA, 18% ROIC. Tariff resolution upside.
Read full article (3 min)