Conrad Industries (CNRD) AI Stock Analysis

• Market Cap: $136.01M
• Dividend Yield: N/A
• Average Volume (3M): 6.21K
• Price to Earnings (P/E): 7.8
• Beta (1Y): 0.81
• Revenue Growth: 22.56%
• EPS Growth: N/A
• Country: US
• Employees: 492
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 1.16
• Shares Outstanding: 5,113,000
• 10 Day Avg. Volume: 2,653
• 30 Day Avg. Volume: 6,205
• PEG Ratio: -0.04
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -4.44
• Enterprise Value/Market Cap: 0.35
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 1.30
• Enterprise Value/Ebitda: 1.83
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: $31.00 ▲(16.10% Upside)

Conrad Industries' strong financial recovery and undervaluation are key strengths, supported by positive technical indicators. However, cash flow volatility and historical earnings instability present risks that temper the overall score.

Conrad Industries Business Overview & Revenue Model

Company Description

Conrad Industries, Inc. (CNRD) is a leading provider of marine services and products in the United States, primarily focusing on the construction and repair of marine vessels. The company operates in the shipbuilding sector, specializing in the design and fabrication of custom vessels for both commercial and government clients. Key offerings include a range of services such as marine construction, repair, and maintenance, along with the manufacture of specialized marine equipment.

How the Company Makes Money

Conrad Industries generates revenue primarily through the construction and repair of marine vessels. The company secures contracts from a diverse clientele, including private companies and government entities, which contribute significantly to its earnings. Key revenue streams include new vessel construction, where they build custom ships according to client specifications, and repair services for existing vessels, which can involve extensive overhauls or routine maintenance. Additionally, the company may benefit from partnerships with suppliers of marine technology and equipment, enabling them to provide integrated solutions to their customers. The consistent demand for marine transportation and services, particularly in industries such as oil and gas, further supports their revenue model.

Conrad Industries Financial Statement Overview

Summary

Conrad Industries showed strong recovery with increased profitability and revenue growth. The balance sheet is solid with low leverage, but cash flow volatility is a concern.

Income Statement

Conrad Industries demonstrated a strong recovery in 2024 with a significant increase in net income and a return to positive EBIT and EBITDA margins. The gross profit margin improved to 11.29% from 1.72% in 2023, indicating better cost management or pricing strategy. Revenue growth was robust at 26.53% from 2023 to 2024, reversing the previous year's decline. However, historical volatility in earnings and negative profitability in earlier periods suggest past challenges in maintaining consistent performance.

Balance Sheet

The company maintains a solid equity position with an equity ratio of 54.82% in 2024. The debt-to-equity ratio is low at 0.05, indicating conservative leverage. The return on equity rebounded to 13.79% in 2024, reflecting improved profitability. However, fluctuations in total assets and equity in previous years suggest challenges in asset management and expansion strategies.

Cash Flow

Cash flow management shows mixed results. The operating cash flow turned negative in 2024, potentially due to increased operational investments, while free cash flow also declined. The free cash flow to net income ratio was negative at -1.23, indicating cash flow challenges despite accounting profits. The company has experienced substantial fluctuations in cash flow, highlighting potential risks in liquidity management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	317.61M	303.41M	239.77M	193.86M	191.22M	158.66M
Gross Profit	36.10M	34.26M	4.14M	-15.84M	-5.60M	669.00K
EBITDA	25.77M	22.85M	-31.02M	-17.31M	12.22M	1.41M
Net Income	13.58M	11.23M	-27.03M	-17.43M	6.45M	-4.04M
Balance Sheet
Total Assets	155.92M	148.46M	140.21M	131.15M	146.08M	155.86M
Cash, Cash Equivalents and Short-Term Investments	35.89M	23.14M	38.59M	21.58M	58.12M	42.20M
Total Debt	3.49M	3.93M	5.42M	6.98M	7.38M	16.97M
Total Liabilities	70.66M	67.07M	70.04M	33.95M	31.46M	47.69M
Stockholders Equity	85.27M	81.39M	70.17M	97.20M	114.63M	108.18M
Cash Flow
Free Cash Flow	15.11M	-13.83M	18.39M	-35.07M	16.72M	5.85M
Operating Cash Flow	17.75M	-11.14M	20.15M	-32.76M	18.68M	8.62M
Investing Cash Flow	-2.64M	-2.69M	-1.76M	-2.28M	-1.26M	-2.77M
Financing Cash Flow	-1.50M	-1.63M	-1.38M	-1.50M	-1.50M	6.59M

Conrad Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNRD, the sentiment is Positive. The current price of 26.7 is below the 20-day moving average (MA) of 26.71, above the 50-day MA of 25.00, and above the 200-day MA of 17.25, indicating a neutral trend. The MACD of 0.50 indicates Positive momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 61.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNRD.

Conrad Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNRD	73 Outperform	$136.01M	7.77	20.81%	―	22.56%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SPCE	49 Neutral	$201.57M	-0.39	-91.98%	―	-84.19%	55.27%
EVEX	43 Neutral	$1.20B	―	-320.52%	―	―	-30.78%
MNTS	41 Neutral	$12.22M	-0.08	―	―	-70.65%	90.41%
EVTL	25 Underperform	$418.74M	-0.37	―	―	―	―