Added to YB: 2026-04-02
Pitch date: 2026-02-10
WMS [bullish]
Advanced Drainage Systems, Inc.
-21.12%
current return
Author Info
No bio for this author
Company Info
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally.
Market Cap
$10.2B
Pitch Price
$173.69
Price Target
N/A
Dividend
0.55%
EV/EBITDA
11.47
P/E
21.87
EV/Sales
3.58
Sector
Building Products
Category
growth
Advanced Drainage Systems, Inc. - $WMS
WMS: Vertically integrated HDPE stormwater pipe mfr w/ 75%+ mkt share, 2nd largest N.A. plastic recycler. Recycled feedstock (600M lbs/yr) = permanent cost edge vs virgin resin competitors (Lane, Prinsco). High-margin Infiltrator (63% GM) lifting corp margin to 35%. 8.7% organic growth (plastic displacing concrete) + pricing power. 32%→35% EBITDA margin path. <1x lev enables buybacks/M&A. Risks: construction cyclicality, oil-linked input costs.
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