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Conrad Industries
(OTC:CNRD)
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Rating:73Outperform
Price Target:
$32.00
▲(3.39% Upside)
Action:Reiterated
Date:08/20/26
The score is driven primarily by solid fundamentals—especially an exceptionally conservative balance sheet and improved profitability—alongside an attractive low P/E valuation. These positives are tempered by weakening recent revenue and a meaningful step-down in free cash flow, while technical indicators remain mixed rather than strongly supportive.
Positive Factors
Conservative Balance Sheet
Minimal leverage and a growing equity base provide financial flexibility through marine-market cycles, support continued investment in shipyard operations, and reduce dependence on external financing.
Negative Factors
Declining Revenue
A shrinking top line can reduce yard utilization and operating leverage, making fixed costs harder to absorb and placing pressure on future earnings unless order volume and project starts recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage and a growing equity base provide financial flexibility through marine-market cycles, support continued investment in shipyard operations, and reduce dependence on external financing.
Read all positive factors
Conrad Industries (CNRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$145.98M
Dividend YieldN/A
Average Volume (3M)4.23K
Price to Earnings (P/E)9.0
Beta (1Y)0.65
Revenue Growth-9.32%
EPS Growth-2.87%
CountryUS
Employees427
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.32
Shares Outstanding5,113,000
10 Day Avg. Volume3,618
30 Day Avg. Volume4,230
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.29
Price to Sales (P/S)0.40
P/FCF Ratio22.19
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Conrad Industries Business Overview & Revenue Model
Company Description
Conrad Industries, Inc. is a U.S.-based company specializing in the construction, modification, and upkeep of a wide array of marine vessels crafted from steel and aluminum. The company's shipbuilding operations encompass harbor tugs and various t...
How the Company Makes Money
Conrad Industries makes money primarily by delivering contracted shipbuilding and marine service work for third-party customers. Key revenue streams include: (1) New construction: revenue earned from building vessels (often purpose-built workboats...
Conrad Industries Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
90
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 293.57M | 327.55M | 303.41M | 239.77M | 193.86M | 191.22M |
| Gross Profit | 35.24M | 41.36M | 34.26M | 4.14M | -15.84M | -5.60M |
| EBITDA | 25.14M | 27.90M | 22.85M | -31.02M | -17.31M | 12.22M |
| Net Income | 16.68M | 19.88M | 11.23M | -27.03M | -17.43M | 6.45M |
Balance Sheet | ||||||
| Total Assets | 151.47M | 139.77M | 148.46M | 140.21M | 131.15M | 146.08M |
| Cash, Cash Equivalents and Short-Term Investments | 47.60M | 27.54M | 23.14M | 38.59M | 21.58M | 58.12M |
| Total Debt | 1.73M | 2.65M | 3.93M | 5.42M | 6.98M | 7.38M |
| Total Liabilities | 43.71M | 38.50M | 67.07M | 70.04M | 33.95M | 31.46M |
| Stockholders Equity | 107.76M | 101.27M | 81.39M | 70.17M | 97.20M | 114.63M |
Cash Flow | ||||||
| Free Cash Flow | 2.95M | 5.89M | -13.83M | 18.39M | -35.07M | 16.72M |
| Operating Cash Flow | 8.56M | 10.44M | -11.14M | 20.15M | -32.76M | 18.68M |
| Investing Cash Flow | -5.59M | -4.54M | -2.69M | -1.76M | -2.28M | -1.26M |
| Financing Cash Flow | -1.50M | -1.50M | -1.63M | -1.38M | -1.50M | -1.50M |
Conrad Industries Technical Analysis
Positive
30.95
Price Trends
28.23
Positive
26.56
Positive
26.30
Positive
Market Momentum
0.17
Positive
55.09
Neutral
22.85
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 30.95 is above the 20-day moving average (MA) of 29.87, above the 50-day MA of 28.23, and above the 200-day MA of 26.30, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 22.85 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $145.98M | 9.04 | 19.54% | ― | -9.32% | -2.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $857.28M | -3.87 | -221.18% | ― | ― | 1.65% | |
49 Neutral | $450.24M | -0.86 | -88.50% | ― | -38.87% | 62.62% | |
42 Neutral | $132.78M | 4.60 | 7.80% | ― | ― | ― | |
38 Underperform | $92.91M | -0.12 | -90.48% | ― | 323.98% | 89.46% |
* Industrials Sector Average
CNRD
Conrad Industries
30.00
7.45
33.04%
SPCE
Virgin Galactic Holdings
2.89
-0.24
-7.67%
MNTS
Momentus
4.24
-20.57
-82.91%
EVTL
Vertical Aerospace
0.75
-4.38
-85.38%
EVEX
Eve Holding
2.40
-1.56
-39.39%
VWAV
VisionWave Holdings
1.02
-8.00
-88.69%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.