Conrad Industries (CNRD) AI Stock Analysis

• Market Cap: $144.44M
• Dividend Yield: N/A
• Average Volume (3M): 4.23K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 1.03
• Revenue Growth: 20.18%
• EPS Growth: N/A
• Country: US
• Employees: 492
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 1.09
• Shares Outstanding: 5,113,000
• 10 Day Avg. Volume: 3,618
• 30 Day Avg. Volume: 4,230
• 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: 0.70
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 2.46
• Enterprise Value/Ebitda: 3.68
• 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: 72 Outperform
• Price Target: $28.00 ▲(1.45% Upside)
• Action: Upgraded Date: 12/11/25
• Date: Action: Upgraded 12/11/25

Conrad Industries' strong financial performance and attractive valuation are the primary drivers of its score. The technical analysis presents mixed signals, with the stock showing both bullish and bearish indicators. The lack of earnings call data and corporate events does not impact the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and demand for Conrad's marine fabrication services, supporting long-term business stability.

Balance Sheet Health

A low debt-to-equity ratio reflects conservative financial management, providing flexibility for future investments and resilience against economic downturns.

Profitability Improvements

Enhanced profitability margins suggest efficient operations and cost management, which can support sustainable growth and shareholder value.

Negative Factors

Cash Flow Challenges

Declining free cash flow growth may hinder Conrad's ability to fund operations and investments, posing risks to financial flexibility and growth potential.

Historical Profitability Volatility

Volatility in profitability can lead to unpredictable earnings, affecting investor confidence and the company's ability to plan long-term strategies.

Cash Generation Ability

Moderate cash generation relative to net income may limit Conrad's ability to reinvest in business growth and manage financial obligations effectively.

Conrad Industries Business Overview & Revenue Model

Company Description

Conrad Industries, Inc. engages in the construction, conversion, and repair of various steel and aluminum marine vessels in the United States. The company builds harbor tugs; specialty barges, such as crane, deck, ABS class, dry bulk cargo, aggregate, and well stim barges; inland tank, LPG inland tank, LPG pressure, LPG tank, and DS tank barges; and offshore support vessels, including liftboats, crew boats, offshore supply vessels, and offshore tugs, as well as other support equipment, such as deck and crane barges. It also builds inland pushboats comprising inland towboats, inland river push boats, and towboats; and ferries, which consist of passenger, and passenger and vehicle ferries. In addition, the company offers repairs and conversions, including electrical, mechanical, propulsion, and hull repairs to large-scale conversions of ships and barges; and engages in the fabrication of modular components for offshore floating production, storage, and offloading vessels, as well as drilling rigs. The company was founded in 1948 and is headquartered in Morgan City, Louisiana.

How the Company Makes Money

Conrad Industries generates revenue primarily through its shipbuilding and repair services. The company earns money by constructing custom vessels tailored to client specifications, which includes a significant portion of its income from contracts with government and commercial entities. Additionally, revenue is bolstered through maintenance and repair contracts for existing vessels, ensuring a steady stream of income from ongoing maritime operations. The company may also engage in partnerships with other marine service providers to enhance its service offerings, contributing to its earnings through collaborative projects and shared resources.

Conrad Industries Financial Statement Overview

Summary

Conrad Industries demonstrates solid financial health with strong revenue growth and profitability improvements. The balance sheet is robust, with low leverage and high return on equity. However, recent challenges in cash flow growth highlight the need for careful cash management.

Income Statement

Conrad Industries has shown a positive trend in revenue growth, with a TTM revenue growth rate of 2.97%. The company has improved its profitability margins over the years, with a TTM gross profit margin of 11.37% and a net profit margin of 4.28%. The EBIT and EBITDA margins have also improved, indicating better operational efficiency. However, historical volatility in profitability, as seen in previous years, poses a risk.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.04 in the TTM period, reflecting conservative leverage. The return on equity is robust at 16.87%, indicating efficient use of equity capital. The equity ratio is healthy, suggesting financial stability. However, the company should monitor its debt levels to maintain this strength.

Cash Flow

Conrad Industries has experienced a significant decline in free cash flow growth, with a TTM decrease of 78.94%. The operating cash flow to net income ratio is 0.26, showing moderate cash generation relative to net income. The free cash flow to net income ratio is strong at 0.85, indicating good cash conversion. Despite recent challenges, the company has shown resilience in cash flow management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Dec 2021	Mar 2021
Income Statement
Total Revenue	333.38M	303.41M	239.77M	193.86M	191.22M	158.66M
Gross Profit	41.17M	34.26M	4.14M	-15.84M	-5.60M	669.00K
EBITDA	27.50M	22.85M	-31.02M	-17.31M	12.22M	1.41M
Net Income	15.15M	11.23M	-27.03M	-17.43M	6.45M	-4.04M
Balance Sheet
Total Assets	155.18M	148.46M	140.21M	131.15M	146.08M	155.86M
Cash, Cash Equivalents and Short-Term Investments	43.06M	23.14M	38.59M	21.58M	58.12M	42.20M
Total Debt	3.07M	3.93M	5.42M	6.98M	7.38M	16.97M
Total Liabilities	58.62M	67.07M	70.04M	33.95M	31.46M	47.69M
Stockholders Equity	96.56M	81.39M	70.17M	97.20M	114.63M	108.18M
Cash Flow
Free Cash Flow	7.11M	-13.83M	18.39M	-35.07M	16.72M	5.85M
Operating Cash Flow	11.57M	-11.14M	20.15M	-32.76M	18.68M	8.62M
Investing Cash Flow	-4.45M	-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: 27.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 27.6 is above the 20-day moving average (MA) of 25.99, above the 50-day MA of 26.46, and above the 200-day MA of 22.69, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 69.29 is Neutral, neither overbought nor oversold. The STOCH value of 87.31 is Negative, 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	72 Outperform	$144.44M	9.32	17.03%	―	20.18%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EVEX	49 Neutral	$1.04B	-4.60	-115.63%	―	―	-33.69%
SPCE	48 Neutral	$186.48M	-0.35	-98.87%	―	-82.36%	56.88%
EVTL	45 Neutral	$411.85M	-0.45	―	―	―	―
MNTS	41 Neutral	$6.73M	-0.03	―	―	-63.81%	81.84%