Added to YB: 2024-07-16
Pitch date: 2024-07-15
DRX.TO [bullish]
ADF Group Inc.
-41.55%
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 231.9M
Pitch Price
CAD 14.08
Price Target
21.21 (+158%)
Dividend
0.48%
EV/EBITDA
3.91
P/E
6.83
EV/Sales
0.84
Sector
Metals and Mining
Category
value
MicroCap Mindset H1 2024 Portfolio Breakdown: ADF Group Inc.
DRX.TO: Steel fabricator up 90%+ YTD, still at 6x EV/EBITDA. Large backlog, 9% float buyback, div hike. Insider buys signal optimism. Near-shoring beneficiary. 50% upside on multiple re-rating to 9-10x EBITDA vs peers 10-14x. Cyclical risk, but strong CF & growth expected. Shareholder-friendly mgmt.
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