DRX.TO
ADF GROUP INC., SV
TorontoCADEQUITY
Industrials
DELAYED
Last price
16.35
▼ 0.01 (0.06%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
16.38
Prev close
16.36
Day high
16.68
Day low
15.97
Volume
47.20K
Market cap
—
P/E (TTM)
15.57
52W range
6.90 – 18.44
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
51.97K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 9, 26 | Deschenes (Guy) Senior Officer of Issuer |
— | 0 | — | Direct |
| May 1, 26 | De Luca (Giancarlo) Senior Officer of Issuer |
— | 0 | — | Direct |
| May 1, 26 | De Luca (Pasquale) Senior Officer of Issuer |
— | 0 | — | Direct |
| May 1, 26 | Paschini (Jacques) Senior Officer of Issuer |
— | 0 | — | Direct |
| Sep 24, 25 | Reny, Luc Director of Issuer |
BUY | 400 | $2.32K | Direct |
| Sep 24, 25 | Reny, Luc Director of Issuer |
BUY | 9.60K | $55.83K | Direct |
| Sep 18, 25 | Laplante (V�ronique) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 0 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
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.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
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.
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.
Trailing performance
Returnvs SPY
1W
+0.12%
+1.5%
1M
-8.30%
-12.0%
3M
+59.20%
+56.1%
6M
+55.27%
+44.2%
YTD
+77.52%
+65.2%
1Y
+89.02%
+69.0%
3Y
+282.90%
+208.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value$444.92M
Revenue (TTM)$302.47M
Gross profit$71.61M
EBITDA$50.80M
Net income$29.60M
EPS (TTM)$1.05
Free cash flow$2.82M
Total cash$62.13M
Total debt$40.20M
Book value / share$6.85
Shares outstanding—
Float16.44M
Short % of float—
Dividend yield0.24%
Beta (5Y)-0.53
Short interest
Shares short
158.66K
Prior 126.99K
Change vs prior
+24.9%
Shorts adding
% of float
—
—
% of shares out
0.59%
Against total outstanding
Days to cover
3.2
Liquid
Float
16.44M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E15.57
Forward P/E—
PEG ratio6.02
Price / sales—
Price / book2.39
EV / revenue1.47
EV / EBITDA8.76
Gross margin23.67%
Operating margin16.53%
Profit margin9.79%
Return on equity16.31%
Return on assets8.55%
Debt / equity20.56
Current ratio2.20
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Operating revenue | $258.74M | $339.63M | $331.02M | $250.89M | -23.8% |
| Cost of revenue | $198.96M | $232.39M | $258.10M | $215.32M | -14.4% |
| Gross profit | $59.77M | $107.24M | $72.92M | $35.57M | -44.3% |
| Selling, general & admin | $23.19M | $22.11M | $22.78M | $14.77M | +4.9% |
| Total operating expense | $23.19M | $22.11M | $22.78M | $14.77M | +4.9% |
| Operating income | $36.58M | $85.13M | $50.14M | $20.80M | -57.0% |
| Net interest income | -$827.00K | -$1.12M | -$2.57M | -$2.00M | +25.9% |
| Pre-tax income | $35.79M | $78.41M | $46.41M | $16.85M | -54.3% |
| Tax provision | $9.48M | $21.62M | $8.78M | $1.92M | -56.1% |
| Net income | $26.31M | $56.79M | $37.62M | $14.94M | -53.7% |
| Net income to common | $26.31M | $56.79M | $37.62M | $14.94M | -53.7% |
| Basic EPS | 0.93 | 1.84 | 1.15 | 0.46 | -49.5% |
| Diluted EPS | 0.93 | 1.84 | 1.15 | 0.46 | -49.5% |
| EBIT | $38.41M | $81.72M | $50.02M | $18.83M | -53.0% |
| EBITDA | $45.33M | $87.88M | $55.82M | $24.15M | -48.4% |
| Basic shares | 28.43M | 30.85M | 32.64M | 32.64M | -7.9% |
| Diluted shares | 28.43M | 30.85M | 32.64M | 32.64M | -7.9% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $62.73M | $59.98M | $72.38M | $7.19M | +4.6% |
| Cash & short-term investments | $62.73M | $59.98M | $72.38M | $7.19M | +4.6% |
| Accounts receivable | $54.71M | $68.03M | $63.12M | $75.79M | -19.6% |
| Inventory | $19.57M | $13.49M | $13.53M | $10.68M | +45.1% |
| Total current assets | $191.57M | $189.56M | $215.58M | $154.38M | +1.1% |
| Property, plant & equipment | $126.89M | $114.00M | $107.79M | $112.23M | +11.3% |
| Goodwill & intangibles | $8.44M | $4.33M | $3.92M | $3.64M | +95.1% |
| Total assets | $328.68M | $307.90M | $328.61M | $271.62M | +6.7% |
| Total current liabilities | $86.77M | $80.37M | $105.48M | $88.78M | +8.0% |
| Long-term debt | $34.42M | $38.21M | $42.14M | $44.93M | -9.9% |
| Total debt | $41.63M | $45.63M | $48.84M | $51.52M | -8.8% |
| Total liabilities | $145.07M | $138.59M | $166.47M | $146.63M | +4.7% |
| Retained earnings | $106.40M | $85.84M | $79.28M | $42.32M | +23.9% |
| Shareholder equity | $183.60M | $169.31M | $162.13M | $124.98M | +8.4% |
| Working capital | $104.80M | $109.19M | $110.10M | $65.60M | -4.0% |
| Net tangible assets | $175.16M | $164.98M | $158.21M | $121.34M | +6.2% |
| Shares issued | 28.55M | 29.15M | 32.64M | 32.64M | -2.1% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | $26.31M | $56.79M | $37.62M | $14.94M | -53.7% |
| Depreciation & amortisation | $6.92M | $6.16M | $5.80M | $5.32M | +12.3% |
| Stock-based compensation | $987.00K | $1.39M | $4.58M | $724.00K | -28.8% |
| Change in working capital | $25.01M | -$25.07M | $19.16M | -$25.85M | +199.8% |
| Operating cash flow | $49.42M | $55.06M | $77.86M | -$2.61M | -10.2% |
| Capital expenditure | -$11.07M | -$9.09M | -$6.49M | -$12.16M | -21.7% |
| Investing cash flow | -$27.27M | -$8.71M | -$6.27M | -$12.08M | -213.2% |
| Share buybacks | -$9.00M | -$54.57M | $0 | — | +83.5% |
| Dividends paid | -$1.15M | -$924.00K | -$653.00K | -$653.00K | -24.0% |
| Financing cash flow | -$16.82M | -$62.07M | -$6.69M | $14.16M | +72.9% |
| Free cash flow | $38.35M | $45.96M | $71.37M | -$14.77M | -16.6% |
| End cash position | $62.73M | $59.98M | $72.38M | $7.19M | +4.6% |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $99.26M | $78.79M | $71.41M | $53.01M | $55.52M | +26.0% |
| Operating revenue | $99.26M | $78.79M | $71.41M | $53.01M | $55.52M | +26.0% |
| Cost of revenue | $75.24M | $61.87M | $51.71M | $42.05M | $43.33M | +21.6% |
| Gross profit | $24.02M | $16.93M | $19.71M | $10.95M | $12.19M | +41.9% |
| Selling, general & admin | $7.62M | $7.91M | $3.09M | $8.81M | $3.38M | -3.7% |
| Total operating expense | $7.62M | $7.91M | $3.09M | $8.81M | $3.38M | -3.7% |
| Operating income | $16.41M | $9.02M | $16.62M | $2.14M | $8.81M | +81.9% |
| Net interest income | -$307.00K | -$404.00K | -$332.00K | -$74.00K | -$17.00K | +24.0% |
| Pre-tax income | $16.47M | $14.62M | $14.20M | $1.24M | $11.73M | +12.7% |
| Tax provision | $4.44M | $2.27M | $3.89M | $340.00K | $2.99M | +95.9% |
| Net income | $12.04M | $6.36M | $10.31M | $898.00K | $8.75M | +89.3% |
| Net income to common | $12.04M | $6.36M | $10.31M | $898.00K | $8.75M | +89.3% |
| Basic EPS | 0.42 | — | 0.36 | 0.03 | 0.30 | — |
| Diluted EPS | 0.42 | — | 0.36 | 0.03 | 0.30 | — |
| EBIT | $16.78M | $16.81M | $14.53M | $1.31M | $11.75M | -0.2% |
| EBITDA | $18.86M | $18.84M | $16.27M | $2.88M | $13.34M | +0.1% |
| Basic shares | 28.55M | — | 28.65M | 28.44M | 28.75M | — |
| Diluted shares | 28.55M | — | 28.65M | 28.44M | 28.75M | — |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $62.13M | $62.73M | $32.71M | $50.93M | $75.26M | -1.0% |
| Cash & short-term investments | $62.13M | $62.73M | $32.71M | $50.93M | $75.26M | -1.0% |
| Accounts receivable | $80.51M | $54.71M | $85.91M | $84.20M | $56.20M | +47.2% |
| Total current assets | $205.05M | $191.57M | $181.23M | $190.83M | $183.58M | +7.0% |
| Property, plant & equipment | $131.12M | $126.89M | $129.11M | $110.48M | $111.26M | +3.3% |
| Goodwill & intangibles | $9.30M | $8.44M | $7.18M | $5.47M | $4.69M | +10.2% |
| Total assets | $346.40M | $328.68M | $317.65M | $306.77M | $299.53M | +5.4% |
| Total current liabilities | $93.15M | $86.77M | $79.83M | $85.32M | $74.94M | +7.4% |
| Current debt | — | — | $4.29M | — | — | — |
| Long-term debt | $33.19M | $34.42M | $35.22M | $36.21M | $37.22M | -3.6% |
| Total debt | $40.20M | $41.63M | $42.74M | $43.50M | $44.53M | -3.4% |
| Total liabilities | $150.82M | $145.07M | $136.46M | $140.74M | $132.08M | +4.0% |
| Retained earnings | $117.87M | $106.40M | $99.97M | $90.25M | $90.84M | +10.8% |
| Shareholder equity | $195.57M | $183.60M | $181.19M | $166.03M | $167.45M | +6.5% |
| Working capital | $111.90M | $104.80M | $101.39M | $105.50M | $108.64M | +6.8% |
| Net tangible assets | $186.27M | $175.16M | $174.01M | $160.56M | $162.76M | +6.3% |
| Shares issued | 28.55M | 28.55M | 28.55M | 28.10M | 28.45M | 0.0% |
| Line item | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $12.04M | $6.36M | $10.31M | $898.00K | $8.75M | +89.3% |
| Depreciation & amortisation | $2.08M | $2.03M | $1.74M | $1.56M | $1.59M | +2.3% |
| Stock-based compensation | $1.71M | $1.47M | -$1.70M | $3.08M | -$1.86M | +16.2% |
| Change in working capital | -$10.13M | $23.87M | -$2.43M | -$14.92M | $18.21M | -142.5% |
| Operating cash flow | $10.08M | $36.02M | $6.04M | -$18.23M | $25.30M | -72.0% |
| Capital expenditure | -$9.04M | -$2.35M | -$5.70M | -$1.47M | -$1.55M | -285.3% |
| Investing cash flow | -$8.88M | -$2.26M | -$22.22M | -$1.32M | -$1.47M | -292.7% |
| Share buybacks | $0 | -$1.08M | — | -$2.56M | -$5.08M | +100.0% |
| Dividends paid | $0 | $0 | -$571.00K | -$575.00K | $0 | — |
| Financing cash flow | -$1.97M | -$2.56M | -$2.31M | -$4.89M | -$6.76M | +23.2% |
| Free cash flow | $1.04M | $33.67M | $340.00K | -$19.70M | $23.75M | -96.9% |
| End cash position | $62.13M | $62.73M | $32.71M | $50.93M | $75.26M | -1.0% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Apr 2026 | 0.28 | 0.42 | +50.0% |
| Jan 2026 | 0.41 | 0.23 | -43.9% |
| Oct 2025 | 0.22 | 0.36 | +63.6% |
| Jul 2025 | 0.21 | 0.03 | -85.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.32 | 1 | $85.80M | +61.9% |
| Next quarter | 0.35 | 1 | $87.10M | +22.0% |
| Current year | 1.47 | 1 | $361.20M | +39.6% |
| Next year | 2.23 | 1 | $452.30M | +25.2% |
Analyst targets & ownership
Mean target$21.00
High target$21.00
Low target$21.00
Implied upside28.44%
Analyst count1
ConsensusNONE
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders0.18%
Held by institutions3.46%
Institutions holding10
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
15.95
+2.53% from price
SMA 20
16.11
+1.51% from price
SMA 50
16.27
+0.49% from price
SMA 100
13.31
+22.87% from price
SMA 200
11.01
+48.45% from price
EMA 12
16.11
+1.49% from price
EMA 26
16.14
+1.31% from price
EMA 50
15.54
+5.22% from price
RSI (14)
53.2
Neutral
MACD (12,26,9)
-0.03
Hist 0.03
ATR (14)
0.56
3.40% of price
Realised vol 30D
35.6%
Annualised
Bollinger upper
17.92
20, 2σ
Bollinger lower
14.29
20, 2σ
50 / 200 cross
Golden
16.27 vs 11.01
Trend bias
Above 200
+48.45%
Risk profile
Beta vs SPY
0.74
Less volatile than market
Correlation to SPY
0.16
Largely independent
Realised vol 30D
35.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-30.8%
Peak to trough
Max drawdown 5Y
-74.5%
Peak to trough
ATR 14
0.56
3.40% of price
Beta (reported)
-0.53
5Y monthly, from filing
Dividends & splits
Forward rate$0.04 / yr
Forward yield0.24%
5-year avg yield0.64%
Payout ratio3.81%
Ex-dividend dateApr 27, 2026
Next pay dateMay 15, 2026
Last split—
Split date—
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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.