Conrad Industries (CNRD) AI Stock Analysis

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Conrad Industries

(Other OTC:CNRD)

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Rating:72Outperform

Price Target:$32.00▲(14.57% Upside)

Action:reiterated

Date:08/20/26

Conrad Industries achieves a solid overall score driven by an exceptionally attractive valuation (P/E of 7.57) and a pristine balance sheet featuring near-zero debt. The stock maintains a reliable long-term technical uptrend, although near-term momentum has moderated slightly. The primary risks offsetting these strong fundamentals are the company's historically volatile cash flows and recent top-line revenue contraction, which require continued monitoring.

Positive Factors

Conservative Balance SheetMinimal 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 RevenueA 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.

Conrad Industries (CNRD) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $140.15M
Dividend Yield: ―
Average Volume (3M): 2,642
Price to Earnings (P/E): 8.4
Beta (1Y): 0.71
Revenue Growth: -9.32%
EPS Growth: -2.87%
Country: US
Employees: 427
Sector: Industrials
Sector Strength: 63
Industry: Aerospace & Defense

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 type...

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 an...

Conrad Industries Financial Statement Overview

Summary

Conrad Industries boasts a fortress balance sheet with virtually zero debt and robust equity growth. While recent profitability marks a successful turnaround, a 7.2% decline in trailing revenue and historically volatile cash flows present ongoing moderate risks.

Income Statement

65Positive

Balance Sheet

92Very Positive

Cash Flow

52Neutral

Financial statement breakdown
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

Technical Analysis SentimentNeutral

Last Price27.93

Price Trends

50DMA28.66Negative

100DMA28.66Negative

200DMA27.02Positive

Market Momentum

MACD-0.46Positive

RSI47.97Neutral

STOCH28.21Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNRD, the sentiment is Neutral. The current price of 27.93 is below the 20-day moving average (MA) of 28.14, below the 50-day MA of 28.66, and above the 200-day MA of 27.02, indicating a neutral trend. The MACD of -0.46 indicates Positive momentum. The RSI at 47.97 is Neutral, neither overbought nor oversold. The STOCH value of 28.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CNRD.

Conrad Industries Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

CNRD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CNRD	72Outperform	$190.39M	8.41	16.27%	―	-9.32%	-2.87%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SPCE	45Neutral	$404.76M	-0.69	-78.26%	―	-33.77%	64.09%
EVEX	43Neutral	$616.84M	-2.59	-535.24%	―	―	1.94%
EVTL	40Underperform	$63.59M	2.23	-171.87%	―	―	―
MNTS	38Underperform	$41.40M	-0.09	-90.19%	―	323.98%	89.46%

* Industrials Sector Average

Performance Comparison

CNRD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CNRD	Conrad Industries	27.93	1.93	7.42%
SPCE	Virgin Galactic Holdings Inc	1.84	-1.74	-48.60%
MNTS	Momentus Inc.	1.80	-9.92	-84.64%
EVTL	Vertical Aerospace Ltd.	0.35	-3.59	-91.07%
EVEX	Eve Holding Inc.	1.66	-2.26	-57.65%
VWAV	Visionwave Holdings, Inc.	0.40	-221.69	-99.82%

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.

Date of analysis: Aug 20, 2026

Conrad Industries AI Stock Analysis