Added to YB: 2025-03-28
Pitch date: 2025-03-26
CNRD [bullish]
Conrad Industries, Inc.
+118.22%
current return
Author Info
No bio for this author
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
$193.7M
Pitch Price
$11.80
Price Target
36.71 (+43%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Machinery
Category
value
Conrad Industries, Inc. - $CNRD
CNRD: $60M mkt cap, $26M EV, 2.9x FY24E EBIT. Entering major barge replacement cycle w/ all-time high backlog. Potential to surpass prior peak EBIT ($30M+). Protected by Jones Act. Aging fleet (20.5-22.1 yrs avg) driving demand. Risks: steel prices, labor costs, replacement delays, tariffs.
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