Added to YB: 2025-03-28
Pitch date: 2025-03-26
CNRD [bullish]
Conrad Industries, Inc.
+119.28%
current return
Author Info
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Company Info
Conrad Industries, Inc. engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States.
Market Cap
$180.3M
Pitch Price
$11.80
Price Target
36.71 (+42%)
Dividend
N/A
EV/EBITDA
N/A
P/E
8.33
EV/Sales
N/A
Sector
Machinery
Category
value
Show full summary:
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.
Read full article (7 min)