Added to YB: 2024-01-31
Pitch date: 2024-01-31
FAR.TO [bullish]
Foraco International SA
-8.42%
current return
Author Info
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Company Info
Foraco International SA, together with its subsidiaries, provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.
Market Cap
CAD 145.3M
Pitch Price
CAD 2.72
Price Target
4.18 (+68%)
Dividend
N/A
EV/EBITDA
5.20
P/E
9.19
EV/Sales
0.87
Sector
Metals and Mining
Category
turnaround
Foraco International ($FAR.TO) - An overlooked gem
FAR.TO: Drilling co. since 1961, $173M mkt cap, $249M EV. Mining/Water segments across CAN/AUS/SA. Turnaround ongoing: EBITDA up despite COVID, debt cut, rates steady. 33% founder-owned. Risks: cyclical, 1x debt/EBITDA. Trades 2x TTM EBITDA. Upside: green exposure (gold), capital allocation, narrative change. 44% potential.
Read full article (6 min)