Added to YB: 2024-07-12
Pitch date: 2024-07-11
DRX.TO [bullish]
ADF Group Inc.
-42.65%
current return
Author Info
H Capital is an M&A Consultant who writes about cheap, high potential stocks. Sign up for the newsletter.
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 231.9M
Pitch Price
CAD 14.35
Price Target
33.72 (+310%)
Dividend
0.48%
EV/EBITDA
3.91
P/E
6.83
EV/Sales
0.84
Sector
Metals and Mining
Category
growth
Why ADF Group still has an 1-2x upside over the next year despite growing 300% over the last year
DRX.TO: ADF Group steel fabricator up 300% YTD, still cheap at 5.2x EV/EBITDA. 100% YoY EBITDA growth, 32% QoQ in Q1. $517M backlog. US infrastructure spend driving growth. 88-135% upside potential next 12mo. Risks: backlog growth. 9% buyback, dividend-paying.
Read full article (7 min)