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Bullboard - Stock Discussion Forum ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five... see more

TSX:DRX - Post Discussion

ADF Group Inc > Way undervalued, lots of potential 2021 given backlog!
View:
Post by frank123 on Jan 28, 2021 2:04pm

Way undervalued, lots of potential 2021 given backlog!

Based on my analysis on its most recent earnings report, I really think we will top an EPS of 11 cents. My price target medium term is 3$. Would like to hear your thoughts..

Cheers
Comment by JtotheG on Feb 02, 2021 9:59am
I have a $2.50 on it. Will change if they are able to add more contracts.
Comment by Podios2 on Feb 09, 2021 8:57am
I agree the sp is bringing in the right direction Glta
Comment by Certified1 on Mar 10, 2021 11:25pm
This was undervalued in 2007 with only about $120million backlog. I did an intense take off of value and came up with a valuation of $4.63 and many I'm sure thought me crazy. I sold at 4.63 and it overshot up to $7 area. These conditions are much more favourable now and perhaps they spent a few yrs with lower margin contracts. Looks good now and I think it will shoot past your $2.50 
Comment by frank123 on Mar 12, 2021 9:37am
Thats pretty awesome call bro. What made it shoot up like that in the past ? and what is the price target on it now given the backlog and profit margin % 
Comment by Certified1 on Mar 15, 2021 2:22pm
They announced 50 Million or so worth of new contacts. There was much insider buying as well.
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