ADF Group Inc.

TSX:DRX Stock Report

Market Cap: CA$300.4m

ADF Group Past Earnings Performance

Past criteria checks 2/6

ADF Group has been growing earnings at an average annual rate of 32.6%, while the Metals and Mining industry saw earnings growing at 18.9% annually. Revenues have been growing at an average rate of 6.6% per year. ADF Group's return on equity is 14.3%, and it has net margins of 10.2%.

Key information

32.58%

Earnings growth rate

34.55%

EPS growth rate

Metals and Mining Industry Growth27.39%
Revenue growth rate6.64%
Return on equity14.33%
Net Margin10.17%
Last Earnings Update31 Jan 2026

Recent past performance updates

Analysis Article Sep 19

Earnings Troubles May Signal Larger Issues for ADF Group (TSE:DRX) Shareholders

The market wasn't impressed with the soft earnings from ADF Group Inc. ( TSE:DRX ) recently. We did some analysis, and...

Recent updates

Analysis Article Dec 21

A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb

ADF Group Inc. ( TSE:DRX ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...
Analysis Article Sep 19

Earnings Troubles May Signal Larger Issues for ADF Group (TSE:DRX) Shareholders

The market wasn't impressed with the soft earnings from ADF Group Inc. ( TSE:DRX ) recently. We did some analysis, and...
Analysis Article Sep 17

One ADF Group Inc. (TSE:DRX) Analyst Is Reducing Their Forecasts For This Year

Today is shaping up negative for ADF Group Inc. ( TSE:DRX ) shareholders, with the covering analyst delivering a...
Analysis Article Sep 04

We Think ADF Group (TSE:DRX) Can Manage Its Debt With Ease

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jul 24

ADF Group Inc.'s (TSE:DRX) Shares Bounce 30% But Its Business Still Trails The Market

ADF Group Inc. ( TSE:DRX ) shares have continued their recent momentum with a 30% gain in the last month alone...
Analysis Article Jun 11

ADF Group (TSE:DRX) Is Investing Its Capital With Increasing Efficiency

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 11

Is ADF Group (TSE:DRX) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Apr 11

It's Down 32% But ADF Group Inc. (TSE:DRX) Could Be Riskier Than It Looks

Unfortunately for some shareholders, the ADF Group Inc. ( TSE:DRX ) share price has dived 32% in the last thirty days...
User avatar
New Narrative Feb 25

Automation And Share Repurchases Could Strengthen Outlook, But Declining Backlogs And Analyst Forecasts Signal Risks

Investment in automation and focus on high-margin projects improve margins, enhancing future earnings and profitability.
Analysis Article Feb 01

ADF Group Inc.'s (TSE:DRX) Low P/E No Reason For Excitement

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 15x, you may consider ADF...
Analysis Article Jan 14

Is Now The Time To Put ADF Group (TSE:DRX) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Oct 22

Earnings Working Against ADF Group Inc.'s (TSE:DRX) Share Price

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") above 16x, you may consider ADF...
Analysis Article Aug 08

Should You Be Adding ADF Group (TSE:DRX) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article May 31

Optimistic Investors Push ADF Group Inc. (TSE:DRX) Shares Up 29% But Growth Is Lacking

Despite an already strong run, ADF Group Inc. ( TSE:DRX ) shares have been powering on, with a gain of 29% in the last...
Analysis Article May 25

Returns On Capital Are A Standout For ADF Group (TSE:DRX)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 19

Solid Earnings Reflect ADF Group's (TSE:DRX) Strength As A Business

ADF Group Inc. ( TSE:DRX ) recently posted some strong earnings, and the market responded positively. Our analysis...
Analysis Article Apr 12

ADF Group Inc. (TSE:DRX) Shares Fly 26% But Investors Aren't Buying For Growth

Despite an already strong run, ADF Group Inc. ( TSE:DRX ) shares have been powering on, with a gain of 26% in the last...
Analysis Article Mar 01

With EPS Growth And More, ADF Group (TSE:DRX) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Feb 17

Market Might Still Lack Some Conviction On ADF Group Inc. (TSE:DRX) Even After 27% Share Price Boost

ADF Group Inc. ( TSE:DRX ) shares have continued their recent momentum with a 27% gain in the last month alone. This...
Analysis Article Dec 22

We Think ADF Group (TSE:DRX) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 08

ADF Group (TSE:DRX) Shareholders Will Want The ROCE Trajectory To Continue

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article Jul 27

Does ADF Group (TSE:DRX) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article May 31

Returns At ADF Group (TSE:DRX) Are On The Way Up

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Apr 14

Is Now The Time To Put ADF Group (TSE:DRX) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Revenue & Expenses Breakdown

How ADF Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:DRX Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Jan 2625926220
31 Oct 2525729200
31 Jul 2526635190
30 Apr 2528850140
31 Jan 2534057210
31 Oct 2435158220
31 Jul 2435353240
30 Apr 2435848260
31 Jan 2433138220
31 Oct 2329429180
31 Jul 2327721190
30 Apr 2326316150
31 Jan 2325115140
31 Oct 2224613140
31 Jul 2229213120
30 Apr 222989130
31 Jan 2228110130
31 Oct 2127111120
31 Jul 2120811130
30 Apr 2117711140
31 Jan 211737140
31 Oct 201825130
31 Jul 20177-2140
30 Apr 20188-4140
31 Jan 20180-2150
31 Oct 19162-3140
31 Jul 191663130
30 Apr 191442120
31 Jan 191350110
31 Oct 18156-8110
31 Jul 18147-11110
30 Apr 18160-8110
31 Jan 18180-7110
31 Oct 171682120
31 Jul 171513120
30 Apr 171261110
31 Jan 171031120
31 Oct 16952120
31 Jul 16963120
30 Apr 16953120
31 Jan 16982100
31 Oct 15880100
31 Jul 1579-290

Quality Earnings: DRX has high quality earnings.

Growing Profit Margin: DRX's current net profit margins (10.2%) are lower than last year (16.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: DRX's earnings have grown significantly by 32.6% per year over the past 5 years.

Accelerating Growth: DRX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DRX had negative earnings growth (-53.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (115.2%).


Return on Equity

High ROE: DRX's Return on Equity (14.3%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 11:02
End of Day Share Price 2026/05/07 00:00
Earnings2026/01/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ADF Group Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas CortellucciAtrium Research
Yuri LynkCanaccord Genuity
Benoit CaronNational Bank Financial