(cache)ADF Group (TSX:DRX) Stock Forecast & Analyst Predictions

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 and heavy steel built ups, as well as 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.

ADF Group Inc. Fundamentals Summary

4.8x

P/E Ratio

0.8x

P/S Ratio

Is DRX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Last Reported Earnings

Jul 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	1.79
Gross Margin	30.62%
Net Profit Margin	17.47%
Debt/Equity Ratio	24.8%

How did DRX perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

Payout Ratio

Does DRX pay a reliable dividends?

See DRX dividend history and benchmarks

Valuation

Is DRX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DRX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DRX?

Price to Earnings Ratio vs Peers

How does DRX's PE Ratio compare to its peers?

Forward PE

Price-To-Earnings vs Peers: DRX is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does DRX's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

34 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	18.6x	22.8%
DRX ADF Group	4.8x	n/a	US$193.42m
THX Thor Explorations	3.7x	-26.50%	US$533.88m
NIF.UN Noranda Income Fund	4.2x	n/a	US$72.05m

34 Companies		Estimated Growth	Market Cap
Industry Avg.	18.6x	22.8%
DRX ADF Group	4.8x	n/a	US$193.42m
THX Thor Explorations	3.7x	-26.50%	US$533.88m
NIF.UN Noranda Income Fund	4.2x	n/a	US$72.05m
LUC Lucara Diamond	1.3x	-95.87%	US$65.79m
MGZ.H Mangazeya Mining	0.9x	n/a	US$32.84m
VGCX Victoria Gold	2.1x	n/a	US$24.21m
BRZ Bearing Lithium	1.9x	n/a	US$22.87m
YRB Yorbeau Resources	2.7x	n/a	US$16.69m
MSV Minco Silver	2.2x	n/a	US$15.59m
FNC Fancamp Exploration	2.9x	n/a	US$14.89m
TVI TVI Pacific	1.1x	n/a	US$13.17m
AUAG Auxico Resources Canada	0.8x	n/a	US$8.71m
SAE Sable Resources	0.6x	n/a	US$8.09m
PLA Plata Latina Minerals	1.4x	n/a	US$7.43m
BRS BRS Resources	0.3x	n/a	US$4.68m
XGC Xali Gold	3.2x	n/a	US$3.08m
CMD Commander Resources	1.3x	n/a	US$3.07m
ILC International Lithium	3.2x	n/a	US$2.95m
JUB.H Jubilee Gold Exploration	2.7x	n/a	US$2.56m
MON Montero Mining and Exploration	0.2x	n/a	US$1.93m
LSTR Lodestar Metals	3.8x	n/a	US$1.71m
MDM Madoro Metals	1.5x	n/a	US$1.32m
GGX GGX Gold	2.5x	n/a	US$1.32m
NXS Nexus Gold	4.4x	n/a	US$1.09m
AVG Avidian Gold	0.7x	n/a	US$1.07m
TNO.H Terreno Resources	2.4x	n/a	US$927.85k
DTWO D2 Lithium	0.2x	n/a	US$916.78k
VOLT Voltage Metals	4.2x	n/a	US$799.90k
CML CaNickel Mining	0.1x	n/a	US$684.64k
HIH Hylands International Holdings	5x	n/a	US$556.06k
CRVC.X Cross River Ventures	3.1x	n/a	US$520.59k
IDI.H Indico Resources	0.4x	n/a	US$310.86k
EON Eon Lithium	2x	n/a	US$251.92k
CO International Cobalt	0.8x	n/a	US$206.60k

No more companies

Price-To-Earnings vs Industry: DRX is good value based on its Price-To-Earnings Ratio (4.8x) compared to the Canadian Metals and Mining industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is DRX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DRX's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Sep 01 2025		0 Analysts
Share Price	CA$8.65
Average 1Y Price Target	N/A
Agreement	N/A

AnalystConsensusTarget

Consensus Narrative from 1 Analyst

CA$12.00

Fair Value

29.0% undervalued

Number of Analysts

Explore Narratives

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

Future criteria checks 0/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for ADF Group.

Future Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
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Future ROE

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	22.8%
Revenue growth rate	n/a
Future return on equity	n/a
Analyst coverage	Low
Last updated	12 Sep 2025

Recent future growth updates

Recent updates

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

Sep 04

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

Jul 24

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

Jun 11

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

Apr 11

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

Apr 11

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

Feb 26 Investment in automation and focus on high-margin projects improve margins, enhancing future earnings and profitability.

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

Feb 01

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

Jan 14

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

Oct 22

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

Aug 08

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

May 31

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

May 25

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

Apr 19

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

Apr 12

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

Mar 02

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

Feb 17

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

Dec 22

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

Sep 08

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

Jul 27

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

May 31

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

Apr 14

If EPS Growth Is Important To You, ADF Group (TSE:DRX) Presents An Opportunity

Dec 05

ADF Group (TSE:DRX) Has Affirmed Its Dividend Of CA$0.01

Sep 14

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

Sep 09

ADF Group (TSE:DRX) Is Experiencing Growth In Returns On Capital

Jun 08

ADF Group (TSE:DRX) Will Pay A Dividend Of CA$0.01

Apr 15

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Apr 30 2025
EPS	CA$1.682
analysts' EPS range

Future Return on Equity

Future ROE (3yrs)
Company	n/a
Industry	12.1%

Future ROE: Insufficient data to determine if DRX's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/11 22:31
End of Day Share Price	2025/09/11 09:00
Earnings	2025/07/31
Annual Earnings	2025/01/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 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 9 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.

Analyst	Institution
Nicholas Cortellucci	Atrium Research
Yuri Lynk	Canaccord Genuity
Benoit Caron	National Bank Financial

ADF Group (DRX) Stock Overview

Rewards

Risk Analysis

New Contracts And Work-Sharing Will Balance USMCA Risks

ADF Group Inc. Competitors

Labrador Iron Ore Royalty

Canaf Investments

Amerigo Resources

Los Andes Copper

Price History & Performance

Recent News & Updates

Investor sentiment improves as stock rises 16%

ADF Group Inc. to Report Q2, 2026 Results on Sep 11, 2025

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

ADF Group Inc. (TSX:DRX) agreed to acquire Groupe LAR Inc.

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

Investor sentiment improves as stock rises 37%

Recent updates

Investor sentiment improves as stock rises 16%

ADF Group Inc. to Report Q2, 2026 Results on Sep 11, 2025

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

ADF Group Inc. (TSX:DRX) agreed to acquire Groupe LAR Inc.

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

Investor sentiment improves as stock rises 37%

First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 16%

ADF Group Inc. Provides Earnings Guidance for the Second Half of Fiscal Year Ending January 31, 2026

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

New minor risk - Share price stability

Investor sentiment improves as stock rises 31%

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 24%

Final dividend of CA$0.02 announced

Full year 2025 earnings: EPS misses analyst expectations

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

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

ADF Group Inc. to Report Q1, 2026 Results on Jun 10, 2025

ADF Group Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025

ADF Group Inc., Annual General Meeting, Jun 10, 2025

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

ADF Group Inc. Appoints Luc Reny as an Independent Member of the Board of Directors, Member of the Compensation, Nominating and Governance Committee and Audit Committee

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

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

New major risk - Revenue and earnings growth

Third quarter 2025 earnings: EPS exceeds analyst expectations

ADF Group Inc. to Report Q3, 2025 Results on Dec 12, 2024

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

First half dividend increased to CA$0.02

Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment deteriorates as stock falls 18%

ADF Group Inc. to Report Q2, 2025 Results on Sep 12, 2024

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

Now 30% undervalued

Now 23% undervalued

Now 23% undervalued

Price target increased by 15% to CA$23.00

Price target increased by 15% to CA$23.00

First quarter 2025 earnings released

Investor sentiment improves as stock rises 28%

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

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

Full year 2024 earnings: EPS and revenues exceed analyst expectations

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

Investor sentiment improves as stock rises 18%

Final dividend of CA$0.01 announced

ADF Group Inc. Announces Semi-Annual Dividend, Payable on May 15, 2024

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

Full year 2024 earnings: EPS and revenues exceed analyst expectations

ADF Group Inc. to Report Fiscal Year 2024 Results on Apr 11, 2024

ADF Group Inc., Annual General Meeting, Jun 11, 2024

Investor sentiment deteriorates as stock falls 16%

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

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

Now 23% overvalued after recent price rise

Now 22% overvalued after recent price rise

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

Third quarter 2024 earnings released: EPS: CA$0.34 (vs CA$0.089 in 3Q 2023)

Investor sentiment deteriorates as stock falls 15%

ADF Group Inc. to Report Q3, 2024 Results on Dec 07, 2023

Independent Director recently bought CA$100k worth of stock