ADF Group
ADF Group Inc. engages in the design and engineering of connections; and fabrication and installation of complex steel superstructures and heavy steel built-ups, as well as miscellaneous and architectural metalwork primarily in North America. The last earnings update was 105 days ago. More info.
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DRX Share Price and Events
7 Day Returns
1 Year Returns
DRX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| ADF Group (DRX) | 0% | 0% | 15% | -37.8% | -62.3% | -62.4% |
| CA Metals and Mining | -2.1% | 1.4% | 13.1% | -5.9% | 8.9% | -22% |
| CA Market | 0.3% | 2% | 13.2% | 0.7% | 16.6% | 5.6% |
1 Year Return vs Industry and Market
- DRX underperformed the Metals and Mining industry which returned -5.9% over the past year.
- DRX underperformed the Market in Canada which returned 0.7% over the past year.
DRX Value
Is ADF Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
ADF Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for ADF Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 11.8% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.18 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (92.13%)) |
1.657 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.66 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.657 * 5.96%) |
11.82% |
Discounted Cash Flow Calculation for TSX:DRX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for ADF Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 11.82%) |
|
|---|---|---|---|
| 2019 | 8.01 | Est @ 56.07% | 7.17 |
| 2020 | 11.21 | Est @ 39.83% | 8.96 |
| 2021 | 14.40 | Est @ 28.47% | 10.30 |
| 2022 | 17.35 | Est @ 20.51% | 11.10 |
| 2023 | 19.94 | Est @ 14.94% | 11.41 |
| 2024 | 22.15 | Est @ 11.04% | 11.33 |
| 2025 | 23.99 | Est @ 8.31% | 10.97 |
| 2026 | 25.52 | Est @ 6.4% | 10.44 |
| 2027 | 26.82 | Est @ 5.07% | 9.81 |
| 2028 | 27.92 | Est @ 4.13% | 9.14 |
| Present value of next 10 years cash flows | CA$100.62 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$27.92 × (1 + 1.95%) ÷ (11.82% – 1.95%) |
CA$288.32 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$288.32 ÷ (1 + 11.82%)10 |
CA$94.33 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$100.62 + CA$94.33 |
CA$194.95 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$194.95 / 32.64 |
CA$5.97 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$5.97 |
| Current discount | Discount to share price of
CA$1.15
= -1 x (CA$1.15 - CA$5.97) / CA$5.97 |
80.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- ADF Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- ADF Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for ADF Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
ADF Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-10-31) in CAD | CA$-0.26 |
| TSX:DRX Share Price ** | TSX (2019-03-20) in CAD | CA$1.15 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 115 Publicly-Listed Metals and Mining Companies | 12.49x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.78x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of ADF Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:DRX Share Price ÷ EPS (both in CAD) = 1.15 ÷ -0.26 |
-4.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ADF Group is loss making, we can't compare its value to the CA Metals and Mining industry average.
- ADF Group is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does
ADF Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -4.5x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
46.5%per year |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 35 Publicly-Listed Metals and Mining Companies | 0.7x |
| Canada Market PEG Ratio | Median Figure of 253 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for ADF Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
ADF Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-10-31) in CAD | CA$2.99 |
| TSX:DRX Share Price * | TSX (2019-03-20) in CAD | CA$1.15 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,080 Publicly-Listed Metals and Mining Companies | 1.44x |
| Canada Market PB Ratio | Median Figure of 2,349 Publicly-Listed Companies | 1.58x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:DRX Share Price ÷ Book Value per Share (both in CAD) = 1.15 ÷ 2.99 |
0.38x |
* Primary Listing of ADF Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- ADF Group is good value based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess ADF Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) ADF Group has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
DRX Future Performance
How is ADF Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover ADF Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- ADF Group's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- ADF Group's earnings growth is expected to exceed the Canada market average.
- Unable to compare ADF Group's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:DRX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 46.5% |
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 33.3% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 7% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-10-31 | 156 | 12 | -8 |
| 2018-07-31 | 147 | -3 | -11 |
| 2018-04-30 | 160 | 2 | -8 |
| 2018-01-31 | 180 | 4 | -7 |
| 2017-10-31 | 168 | -3 | 2 |
| 2017-07-31 | 151 | -2 | 3 |
| 2017-04-30 | 126 | -11 | 1 |
| 2017-01-31 | 103 | -11 | 1 |
| 2016-10-31 | 95 | -2 | 2 |
| 2016-07-31 | 96 | 0 | 3 |
| 2016-04-30 | 95 | -1 | 3 |
| 2016-01-31 | 98 | -1 | 2 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from ADF Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-10-31 | -0.26 |
| 2018-07-31 | -0.34 |
| 2018-04-30 | -0.26 |
| 2018-01-31 | -0.22 |
| 2017-10-31 | 0.06 |
| 2017-07-31 | 0.08 |
| 2017-04-30 | 0.03 |
| 2017-01-31 | 0.05 |
| 2016-10-31 | 0.07 |
| 2016-07-31 | 0.10 |
| 2016-04-30 | 0.08 |
| 2016-01-31 | 0.05 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if ADF Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess ADF Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
ADF Group has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
DRX Past Performance
How has ADF Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- ADF Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare ADF Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare ADF Group's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
All data from ADF Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-10-31 | 155.61 | -8.34 | 10.87 | |
| 2018-07-31 | 147.26 | -10.94 | 10.74 | |
| 2018-04-30 | 160.31 | -8.48 | 10.94 | |
| 2018-01-31 | 180.47 | -7.21 | 11.09 | |
| 2017-10-31 | 167.58 | 1.84 | 12.22 | |
| 2017-07-31 | 151.46 | 2.57 | 12.14 | |
| 2017-04-30 | 126.04 | 0.89 | 11.36 | |
| 2017-01-31 | 102.85 | 1.50 | 12.38 | |
| 2016-10-31 | 95.47 | 2.38 | 11.92 | |
| 2016-07-31 | 95.65 | 3.39 | 11.78 | |
| 2016-04-30 | 94.85 | 2.61 | 11.83 | |
| 2016-01-31 | 98.09 | 1.70 | 10.45 | |
| 2015-10-31 | 87.76 | 0.01 | 9.60 | |
| 2015-07-31 | 78.97 | -2.17 | 9.32 | |
| 2015-04-30 | 80.34 | -1.98 | 9.40 | |
| 2015-01-31 | 76.06 | -1.57 | 9.04 | |
| 2014-10-31 | 86.60 | 1.34 | 9.15 | |
| 2014-07-31 | 107.91 | 6.86 | 9.53 | |
| 2014-04-30 | 105.12 | 8.42 | 9.51 | |
| 2014-01-31 | 93.00 | 7.68 | 8.90 | |
| 2013-10-31 | 74.37 | 4.82 | 8.39 | |
| 2013-07-31 | 48.32 | -0.72 | 7.08 | |
| 2013-04-30 | 41.22 | -1.91 | 6.44 | |
| 2013-01-31 | 41.41 | -1.55 | 6.41 | |
| 2012-10-31 | 41.62 | -1.49 | 6.39 | |
| 2012-07-31 | 45.11 | 0.08 | 6.46 | |
| 2012-04-30 | 47.67 | 0.82 | 6.06 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if ADF Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if ADF Group has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if ADF Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess ADF Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
ADF Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
DRX Health
How is ADF Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up ADF Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- ADF Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- ADF Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from ADF Group Company Filings, last reported 4 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-10-31 | 97.71 | 34.58 | 7.55 |
| 2018-07-31 | 95.79 | 44.71 | 5.15 |
| 2018-04-30 | 95.90 | 43.10 | 1.99 |
| 2018-01-31 | 95.78 | 40.26 | 4.91 |
| 2017-10-31 | 106.21 | 38.00 | 5.34 |
| 2017-07-31 | 106.11 | 39.47 | 10.60 |
| 2017-04-30 | 107.62 | 35.40 | 0.19 |
| 2017-01-31 | 105.65 | 32.05 | 0.33 |
| 2016-10-31 | 106.49 | 23.91 | 0.59 |
| 2016-07-31 | 105.76 | 24.65 | 3.79 |
| 2016-04-30 | 104.07 | 18.96 | 0.80 |
| 2016-01-31 | 107.53 | 15.22 | 2.38 |
| 2015-10-31 | 103.73 | 14.73 | 5.38 |
| 2015-07-31 | 103.14 | 10.04 | 1.57 |
| 2015-04-30 | 100.67 | 9.44 | 4.49 |
| 2015-01-31 | 103.96 | 10.14 | 8.74 |
| 2014-10-31 | 100.57 | 9.09 | 5.12 |
| 2014-07-31 | 101.00 | 8.95 | 6.48 |
| 2014-04-30 | 101.49 | 9.77 | 19.45 |
| 2014-01-31 | 101.83 | 6.02 | 19.47 |
| 2013-10-31 | 97.48 | 2.88 | 15.97 |
| 2013-07-31 | 92.90 | 2.49 | 12.80 |
| 2013-04-30 | 91.12 | 3.09 | 23.00 |
| 2013-01-31 | 91.43 | 3.68 | 27.14 |
| 2012-10-31 | 91.99 | 4.33 | 17.63 |
| 2012-07-31 | 93.56 | 4.97 | 19.42 |
| 2012-04-30 | 93.18 | 5.54 | 23.72 |
- ADF Group's level of debt (35.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (3% vs 35.4% today).
- Debt is well covered by operating cash flow (35.7%, greater than 20% of total debt).
- ADF Group is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess ADF Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) ADF Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
DRX Dividends
What is ADF Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
ADF Group
shares you are expected to receive
CA$35
in your first year as a dividend.
Dividend Amount
- ADF Group's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
- ADF Group's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.2% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 330 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-05 | 0.020 | 1.840 |
| 2018-09-14 | 0.020 | 1.497 |
| 2018-04-12 | 0.020 | 1.217 |
| 2017-09-14 | 0.020 | 0.910 |
| 2017-06-13 | 0.020 | 0.748 |
| 2017-04-28 | 0.020 | 0.698 |
| 2017-04-13 | 0.020 | 0.750 |
| 2016-09-14 | 0.020 | 0.699 |
| 2016-06-14 | 0.020 | 0.736 |
| 2016-04-29 | 0.020 | 0.660 |
| 2016-04-14 | 0.020 | 0.656 |
| 2015-09-11 | 0.020 | 0.713 |
| 2015-06-10 | 0.020 | 0.886 |
| 2015-05-01 | 0.020 | 0.882 |
| 2015-04-09 | 0.020 | 0.866 |
| 2014-09-11 | 0.020 | 0.890 |
| 2014-04-10 | 0.020 | 0.741 |
| 2013-09-05 | 0.020 | 0.745 |
| 2013-04-11 | 0.020 | 1.333 |
| 2012-09-06 | 0.020 | 1.531 |
| 2012-04-12 | 0.020 | 1.563 |
| 2011-09-07 | 0.020 | 1.478 |
| 2011-04-14 | 0.020 | 1.207 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, ADF Group has been paying a dividend for less than 10 years.
- ADF Group has only been paying a dividend for 8 years, and since then there has been no growth.
Income/ dividend checks
We assess ADF Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can ADF Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) ADF Group has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
DRX Management
CEO
| COMPENSATION | CA$533,854 |
CEO Bio
Mr. Jean Paschini serves as the Chief Executive Officer of ADF Group Inc. and has been its Co-Chairman since September 2013. Mr. Paschini serves as the Chairman of LBL Skysystems Corporation. Mr. Paschini served as Chairman of ADF Group Inc. until September 2013 and has been its Non-Independent Director since October 1979. Mr. Paschini served as a Director of LBL Skysystems Company from August 7, 1997 to February 15, 2002. Mr. Jean Paschini has over 35 years of experience in the steel industry. He is a member of the American Institute of Steel Construction (AISC), the Canadian Welding Bureau (CWB), the American Welding Society (AWS) and the Institute of Corporate Directors (ICD).
CEO Compensation
- Jean's compensation has been consistent with company performance over the past year.
- Jean's remuneration is higher than average for companies of similar size in Canada.
Management Team
Jean Paschini
Co-Chairman & CEO
CA$534K
Pierre Paschini
President
CA$535K
Jean-François Boursier
Chief Financial Officer
CA$332K
8.5 yrs
Marise Paschini
Executive VP
CA$357K
Board of Directors Tenure
Average tenure and age of the ADF Group board of directors in years:
- The tenure for the ADF Group board of directors is about average.
Board of Directors
Jean Paschini
Co-Chairman & CEO
CA$534K
5.5 yrs
Tony Meti
Co-Chairman of the Board & Independent Board Leader
CA$182K
63
5.5 yrs
Pierre Paschini
President
CA$535K
39.4 yrs
Marise Paschini
Executive VP
CA$357K
39.4 yrs
Michèle Desjardins
Independent Director
CA$81K
58
3.8 yrs
Frank Di Tomaso
Corporate Director
CA$82K
71
3.8 yrs
Marc Belcourt
Independent Director
CA$80K
18.8 yrs
Robert Paré
Independent Director
CA$73K
63
9.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess ADF Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) ADF Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
DRX News
Simply Wall St News
What Kind Of Investor Owns Most Of ADF Group Inc. (TSE:DRX)?
ADF Group is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that. … institutional investors have bought into the company.
Simply Wall St - – Full articleSomething To Consider Before Buying ADF Group Inc. (TSE:DRX) For The 1.8% Dividend
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether ADF Group should have a place in your portfolio. … See our latest analysis for ADF Group
Simply Wall St - – Full articleWhat You Must Know About ADF Group Inc's (TSE:DRX) Financial Strength
While small-cap stocks, such as ADF Group Inc (TSE:DRX) with its market cap of CA$39m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.
Simply Wall St - – Full articleIs ADF Group Inc (TSE:DRX) A Top Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, ADF Group Inc (TSE:DRX) has paid a dividend to shareholders. … Does ADF Group tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleIs ADF Group Inc's (TSE:DRX) Balance Sheet Strong Enough To Weather A Storm?
Investors are always looking for growth in small-cap stocks like ADF Group Inc (TSE:DRX), with a market cap of CA$47.32m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.
Simply Wall St - – Full articleIs ADF Group Inc (TSE:DRX) A Smart Pick For Income Investors?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … ADF Group Inc (TSE:DRX) has returned to shareholders over the past 7 years, an average dividend yield of 1.00% annually. … Let's dig deeper into whether ADF Group should have a place in your portfolio.
Simply Wall St - – Full articleShould You Be Concerned About ADF Group Inc's (TSE:DRX) Shareholders?
I am going to take a deep dive into ADF Group Inc’s (TSE:DRX) most recent ownership structure, not a frequent subject of discussion among individual investors. … Different types of investors can have varying degrees of influence on a company’s management team. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.
Simply Wall St - – Full articleIs ADF Group Inc's (TSE:DRX) Balance Sheet A Threat To Its Future?
Additionally, DRX has produced cash from operations of CA$3.66M during the same period of time, leading to an operating cash to total debt ratio of 9.10%, meaning that DRX’s current level of operating cash is not high enough to cover debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: DRX’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.
Simply Wall St - – Full articleDRX Company Info
Description
ADF Group Inc. engages in the design and engineering of connections; and fabrication and installation of complex steel superstructures and heavy steel built-ups, as well as miscellaneous and architectural metalwork primarily in North America. The company offers products and services for various segments of the non-residential construction market, including office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures. It serves general contractors, project owners, engineering firms and project architects, structural steel erectors, and other steel structure fabricators. The company was formerly known as Les Entreprises El Drago Ltée and changed its name to ADF Group Inc. in August 1998. ADF Group Inc. was founded in 1956 and is headquartered in Terrebonne, Canada.
Details
| Name: | ADF Group Inc. |
| DRX | |
| Exchange: | TSX |
| Founded: | 1956 |
| CA$37,530,486 | |
| 32,635,206 | |
| Website: | http://www.adfgroup.com |
| Address: |
ADF Group Inc. 300 Henry-Bessemer Street, Terrebonne, Quebec, J6Y 1T3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | DRX | Subordinate Voting Shares | The Toronto Stock Exchange | CA | CAD | 21. Jul 1999 | |
| OTCPK | ADFJ.F | Subordinate Voting Shares | Pink Sheets LLC | US | USD | 21. Jul 1999 | |
| DB | 4QM | Subordinate Voting Shares | Deutsche Boerse AG | DE | EUR | 21. Jul 1999 |
Number of employees
Current staff
Industry
| Steel | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:31 |
| End of day share price update: | 2019/03/20 00:00 |
| Last earnings filing: | 2018/12/05 |
| Last earnings reported: | 2018/10/31 |
| Last annual earnings reported: | 2018/01/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
