ADH2.SG
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on ADH2.SG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $22.37B | $22.25B | $21.83B | $16.56B | +0.5% |
| Operating revenue | $20.64B | $20.75B | $20.33B | $15.50B | -0.5% |
| Cost of revenue | $17.09B | $16.80B | $15.68B | $13.76B | +1.7% |
| Gross profit | $5.29B | $5.46B | $6.15B | $2.79B | -3.1% |
| Selling, general & admin | $1.77B | $1.73B | $1.65B | $1.26B | +1.9% |
| Total operating expense | $4.37B | $4.19B | $3.87B | $2.98B | +4.2% |
| Operating income | $918.00M | $1.26B | $2.28B | -$187.00M | -27.3% |
| Net interest income | -$384.00M | -$300.00M | -$514.00M | -$728.00M | -28.0% |
| Pre-tax income | $789.00M | $515.00M | $2.21B | -$1.52B | +53.2% |
| Tax provision | $145.00M | -$1.21B | -$64.00M | $176.00M | +112.0% |
| Net income | $644.00M | $1.72B | $2.28B | -$1.70B | -62.6% |
| Net income to common | $644.00M | $1.72B | $2.28B | -$1.70B | -62.6% |
| Basic EPS | 2.07 | 4.81 | 6.35 | -4.75 | -57.0% |
| Diluted EPS | 1.86 | 4.72 | 5.96 | -4.75 | -60.6% |
| EBIT | $1.40B | $1.25B | $3.14B | -$628.00M | +12.0% |
| EBITDA | $3.41B | $3.04B | $4.84B | $1.01B | +11.9% |
| Basic shares | 311.00M | 358.00M | 358.00M | 358.00M | -13.1% |
| Diluted shares | 320.00M | 376.00M | 376.00M | 358.00M | -14.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.79B | $2.52B | $2.82B | $2.69B | +11.0% |
| Cash & short-term investments | $5.53B | $6.98B | $8.55B | $7.99B | -20.9% |
| Accounts receivable | $1.29B | $1.09B | $1.12B | $1.04B | +18.6% |
| Inventory | $490.00M | $391.00M | $337.00M | $318.00M | +25.3% |
| Total current assets | $7.92B | $9.06B | $10.26B | $9.66B | -12.6% |
| Property, plant & equipment | $14.52B | $13.05B | $11.91B | $11.95B | +11.2% |
| Goodwill & intangibles | $4.54B | $4.44B | $4.36B | $4.33B | +2.1% |
| Total assets | $31.21B | $31.21B | $30.17B | $29.51B | +0.0% |
| Total current liabilities | $14.13B | $11.45B | $10.00B | $9.35B | +23.5% |
| Current debt | $2.43B | $1.16B | $359.00M | $713.00M | +108.9% |
| Long-term debt | $6.67B | $9.07B | $10.97B | $12.55B | -26.4% |
| Total debt | $11.58B | $12.67B | $13.86B | $16.31B | -8.6% |
| Total liabilities | $28.62B | $28.82B | $29.38B | $31.06B | -0.7% |
| Retained earnings | $202.00M | -$325.00M | -$2.02B | -$4.37B | +162.2% |
| Shareholder equity | $2.59B | $2.39B | $796.00M | -$1.55B | +8.5% |
| Working capital | -$6.22B | -$2.39B | $261.00M | $312.00M | -160.6% |
| Net tangible assets | -$1.95B | -$2.06B | -$3.56B | -$5.88B | +5.3% |
| Shares issued | 294.55M | 339.84M | 358.47M | 358.36M | -13.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $644.00M | $1.72B | $2.28B | -$1.70B | — | -62.6% |
| Depreciation & amortisation | $2.01B | $1.80B | $1.70B | $1.64B | — | +11.8% |
| Change in working capital | $758.00M | $214.00M | $711.00M | $1.50B | — | +254.2% |
| Operating cash flow | $3.66B | $3.93B | $4.32B | $2.37B | — | -6.9% |
| Investing cash flow | -$1.00B | -$1.36B | -$1.83B | -$2.50B | — | +26.3% |
| Share buybacks | -$859.00M | -$473.00M | $0 | — | $0 | -81.6% |
| Financing cash flow | -$2.37B | -$2.87B | -$2.37B | -$1.61B | — | +17.5% |
| Free cash flow | $747.00M | $1.29B | $2.76B | $796.00M | — | -42.3% |
| End cash position | $2.79B | $2.52B | $2.82B | $2.69B | — | +11.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $5.79B | $5.77B | $5.63B | $5.20B | $5.40B | +0.3% |
| Operating revenue | $5.05B | $5.29B | $5.28B | $4.58B | $5.02B | -4.5% |
| Cost of revenue | $4.54B | $4.32B | $4.18B | $4.24B | $4.59B | +5.0% |
| Gross profit | $1.25B | $1.45B | $1.45B | $956.00M | $814.00M | -13.9% |
| Selling, general & admin | $577.00M | $217.00M | $502.00M | $536.00M | $422.00M | +165.9% |
| Total operating expense | $1.13B | $1.13B | $1.03B | $1.06B | $1.07B | +0.4% |
| Operating income | $117.00M | $324.00M | $418.00M | -$108.00M | -$254.00M | -63.9% |
| Net interest income | -$93.00M | -$86.00M | -$96.00M | -$90.00M | -$81.00M | -8.1% |
| Pre-tax income | $123.00M | $342.00M | $103.00M | -$167.00M | -$721.00M | -64.0% |
| Tax provision | $75.00M | $46.00M | -$83.00M | -$65.00M | -$77.00M | +63.0% |
| Net income | $48.00M | $296.00M | $186.00M | -$102.00M | -$644.00M | -83.8% |
| Net income to common | $48.00M | $296.00M | $186.00M | -$102.00M | -$644.00M | -83.8% |
| Basic EPS | 0.16 | — | 0.58 | -0.31 | — | — |
| Diluted EPS | 0.16 | — | 0.51 | -0.40 | — | — |
| EBIT | $272.00M | $476.00M | $258.00M | -$2.00M | -$545.00M | -42.9% |
| EBITDA | $778.00M | $998.00M | $749.00M | $493.00M | -$85.00M | -22.0% |
| Basic shares | 294.00M | — | 323.00M | 330.00M | — | — |
| Diluted shares | 294.00M | — | 341.00M | 348.00M | — | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.05B | $2.79B | $3.89B | $3.34B | $3.36B | — | +45.0% |
| Cash & short-term investments | $6.69B | $5.53B | $6.40B | $6.36B | $7.09B | — | +21.1% |
| Accounts receivable | $1.48B | $1.29B | — | $1.17B | $1.11B | $1.09B | +14.6% |
| Inventory | $467.00M | $490.00M | — | $385.00M | $371.00M | $391.00M | -4.7% |
| Total current assets | $9.37B | $7.92B | — | $8.29B | $9.02B | $9.06B | +18.4% |
| Property, plant & equipment | $14.98B | $14.52B | — | $13.82B | $13.53B | $13.05B | +3.2% |
| Goodwill & intangibles | $4.53B | $4.54B | — | $4.48B | $4.46B | $4.44B | -0.2% |
| Total assets | $33.09B | $31.21B | — | $31.15B | $31.95B | $31.21B | +6.0% |
| Total current liabilities | $15.64B | $14.13B | — | $13.15B | $12.94B | $11.45B | +10.6% |
| Current debt | $2.71B | $2.43B | — | $1.07B | $1.45B | $1.16B | +11.5% |
| Long-term debt | $6.46B | $6.67B | $6.76B | $8.30B | $8.73B | — | -3.2% |
| Total debt | $12.30B | $11.58B | — | $11.79B | $12.73B | $12.67B | +6.3% |
| Total liabilities | $30.37B | $28.62B | — | $29.36B | $29.96B | $28.82B | +6.1% |
| Retained earnings | $203.00M | $202.00M | — | -$627.00M | -$603.00M | -$325.00M | +0.5% |
| Shareholder equity | $2.72B | $2.59B | — | $1.79B | $1.99B | $2.39B | +5.0% |
| Working capital | -$6.26B | -$6.22B | — | -$4.86B | -$3.91B | -$2.39B | -0.8% |
| Net tangible assets | -$1.81B | -$1.95B | — | -$2.69B | -$2.46B | -$2.06B | +7.0% |
| Shares issued | 287.07M | 294.55M | — | 296.13M | 322.73M | 339.84M | -2.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $48.00M | $296.00M | $186.00M | -$102.00M | -$644.00M | -83.8% |
| Depreciation & amortisation | $506.00M | $522.00M | $491.00M | $495.00M | $460.00M | -3.1% |
| Change in working capital | $1.29B | -$379.00M | $14.00M | $1.17B | -$75.00M | +439.6% |
| Operating cash flow | $1.80B | $423.00M | $895.00M | $1.53B | $677.00M | +325.1% |
| Capital expenditure | -$477.00M | -$901.00M | -$712.00M | -$695.00M | -$1.17B | +47.1% |
| Investing cash flow | -$184.00M | -$1.21B | $241.00M | -$137.00M | -$845.00M | +84.8% |
| Share buybacks | -$137.00M | -$32.00M | -$500.00M | -$327.00M | — | -328.1% |
| Financing cash flow | -$366.00M | -$305.00M | -$1.15B | -$561.00M | -$715.00M | -20.0% |
| Free cash flow | $1.32B | -$478.00M | $183.00M | $831.00M | -$495.00M | +376.4% |
| End cash position | $4.05B | $2.79B | $3.34B | $3.36B | $2.52B | +45.0% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 3, 24 | National Bank Financial Inc | MAINTAINED | Outperform | Outperform |
| Jul 11, 23 | Citigroup | MAINTAINED | Buy | Buy |
| Jul 29, 21 | Scotiabank | UPGRADE | Sector Perform | Outperform |
| Apr 8, 21 | National Bank Of Canada | DOWNGRADE | Outperform | Sector Perform |
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.