Professional
Added to YB: 2026-06-12
Pitch date: 2026-06-09
DRX.TO [bullish]
ADF Group Inc.
+5.93%
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 382.0M
Pitch Price
CAD 13.83
Price Target
16.00 (+9%)
Dividend
N/A
EV/EBITDA
6.98
P/E
12.83
EV/Sales
1.19
Sector
Metals and Mining
Category
growth
ADF Group – Large Beat on Q1 Financials; LAR Plant Expansion Underway
DRX.TO (earnings): Q1/27 rev $99.3M (+79% YoY) beat $80.2M est; adj EBITDA $18.5M (19% margin) vs $12.7M; EPS $0.42 vs $0.28. Record backlog $645.8M, 72% Canadian, $266.5M from LAR. $12.5M gov't financing de-risks LAR expansion (doubles capacity). Grid/hydro tailwinds. $62M cash. 5.2x FY27E EBITDA. PT raised to $16 (from $13), 25% upside.
Read full article (7 min)