Added to YB: 2026-06-04
Pitch date: 2026-06-01
CNRD [neutral]
Conrad Industries, Inc.
+2.57%
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
$182.4M
Pitch Price
$24.93
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
8.42
EV/Sales
N/A
Sector
Machinery
Category
value
Net Cash, a Navy Backlog, and a Low Valuation: Has the Ship Sailed on this Cyclical Stock? - Conrad Industries, Inc.
CNRD (overview): OTC Gulf Coast shipbuilder (barges, tugs, Navy vessels) at 3.2x TTM EBITDA vs peer HII 13.1x. 2025 net income $19.9M ($3.96 EPS) ~4x prior yr. $29.9M cash, ~5M shares. Backlog fell to $199.6M but +$134.2M post-Q1 signings incl Navy YRBM. Risks: cyclical peak, lumpy demand, thin liquidity, family control.
Read full article (6 min)