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Updated 1d ago
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ADF Group Inc.TSX:DRX Stock Report

Market Cap CA$391.2m
Updated 1d ago
Share Price
n/a
1Y61.5%
7D-11.6%
1D-2.8%
Portfolio Value
​
View

ADF Group Inc.

TSX:DRX Stock Report

Market Cap: CA$391.2m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

ADF Group (DRX) Stock Overview

Engages in the design and engineering of connections including industrial coatings in Canada and the United States. More details

DRX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Price-To-Earnings ratio (12x) is below the Canadian market (16.8x)

Earnings are forecast to grow 50.4% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (9.2%) are lower than last year (13.2%)


DRX Community Fair Values

Create Narrative

See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
11.0% overvalued intrinsic discount
AnalystConsensusTarget
•1y ago

New Contracts And Work-Sharing Will Balance USMCA Risks

170
0
26

Top Analyst Narratives

DRX logo
ADF Group
11.0% overvalued intrinsic discount

New Contracts And Work-Sharing Will Balance USMCA Risks

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 1 May 2025
Read Narrative
View all narratives

ADF Group Inc. Competitors

Labrador Iron Ore Royalty

Symbol: TSX:LIF
Market cap: CA$1.6b

Canaf Investments

Symbol: TSXV:CAF
Market cap: CA$15.9m

Erdene Resource Development

Symbol: TSX:ERD
Market cap: CA$408.7m

Amapá Minerals Holdings

Symbol: TSX:AMAP
Market cap: CA$376.7m

Price History & Performance

Summary of share price highs, lows and changes for ADF Group
Historical stock prices
Current Share PriceCA$13.32
52 Week HighCA$18.44
52 Week LowCA$6.90
Beta-0.54
1 Month Change-18.43%
3 Month Change-10.36%
1 Year Change61.45%
3 Year Change178.08%
5 Year Change683.53%
Change since IPO66.50%

Recent News & Updates

Recent updates

Analysis Article • Jun 12

Results: ADF Group Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

ADF Group Inc. ( TSE:DRX ) defied analyst predictions to release its quarterly results, which were ahead of market...
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...

Shareholder Returns

DRXCA Metals and MiningCA Market
7D-11.6%-5.5%-1.7%
1Y61.5%45.2%21.8%

Return vs Industry: DRX exceeded the Canadian Metals and Mining industry which returned 43.1% over the past year.

Return vs Market: DRX exceeded the Canadian Market which returned 22.3% over the past year.

Price Volatility

Is DRX's price volatile compared to industry and market?
DRX volatility
DRX Average Weekly Movement7.1%
Metals and Mining Industry Average Movement10.6%
Market Average Movement9.2%
10% most volatile stocks in CA Market16.3%
10% least volatile stocks in CA Market3.6%

Stable Share Price: DRX has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: DRX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1956754Jean Paschiniadfgroup.com

ADF Group Inc. engages in the design and engineering of connections including industrial coatings in Canada and the United States. It also fabricates and installs complex steel structures; heavy steel built up components; and miscellaneous and architectural metalwork services. In addition, the company offers products and services for various segments of the non-residential construction industry, such as office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructures and energy.

ADF Group Inc. Fundamentals Summary

How do ADF Group's earnings and revenue compare to its market cap?
DRX fundamental statistics
Market capCA$391.18m
Earnings (TTM)CA$31.65m
Revenue (TTM)CA$344.50m
12.0x
P/E Ratio
1.1x
P/S Ratio

Is DRX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DRX income statement (TTM)
RevenueCA$344.50m
Cost of RevenueCA$266.05m
Gross ProfitCA$78.45m
Other ExpensesCA$46.80m
EarningsCA$31.65m

Last Reported Earnings

Jul 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.11
Gross Margin22.77%
Net Profit Margin9.19%
Debt/Equity Ratio17.9%

How did DRX perform over the long term?

See historical performance and comparison

Dividends

0.3%
Current Dividend Yield
4%
Payout Ratio

Does DRX pay a reliable dividends?

See DRX dividend history and benchmarks
When do you need to buy DRX by to receive an upcoming dividend?
ADF Group dividend dates
Ex Dividend DateSep 25 2026
Dividend Pay DateOct 15 2026
Days until Ex dividend8 days
Days until Dividend pay date28 days

Does DRX pay a reliable dividends?

See DRX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 15:38
End of Day Share Price 2026/09/15 00:00
Earnings2026/07/31
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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

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Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
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