Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
DRX.TO [bullish]
ADF Group Inc.
+18.76%
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 252.4M
Pitch Price
CAD 8.43
Price Target
N/A
Dividend
0.45%
EV/EBITDA
5.08
P/E
8.74
EV/Sales
1.02
Sector
Metals and Mining
Category
growth
Show full summary:
Revisiting ADF Group
DRX.TO: Blowout FY24 driven by robotics, $18M Q3 EBITDA signals $50M+ FY. $234M Dec orders, $573M backlog support 40%+ FY25 EBITDA growth to $70M, only 3.8x EV/EBITDA ex-cash. Infra spend, onshoring, Olympics tailwinds. High FCF conversion upside if cycle turns.
Read full article (4 min)