Conrad Industries Inc (CNRD)
OTHER OTC:CNRD
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Conrad Industries
(OTC:CNRD)
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Rating:72Outperform
Price Target:
$30.00
▲(8.70% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by improved profitability and a strong, conservatively levered balance sheet, supported by a low P/E valuation. Offsetting these positives are volatile cash flows and only moderately favorable technical momentum (negative MACD despite prices above key moving averages).
Positive Factors
Conservative Balance Sheet
A very low debt load versus sizable equity gives Conrad durable financial flexibility to fund yard operations, absorb contract timing shocks, and pursue new awards without relying heavily on external financing. This reduces default risk and supports stable capital allocation over months.
Negative Factors
Volatile Operating Cash Flow
Material swings in operating cash flow reflect timing and working-capital volatility inherent to project billing. Persistent cash variability can strain liquidity for milestone-driven builds, force conservative bidding, and increase reliance on external funding or cash conservation measures over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A very low debt load versus sizable equity gives Conrad durable financial flexibility to fund yard operations, absorb contract timing shocks, and pursue new awards without relying heavily on external financing. This reduces default risk and supports stable capital allocation over months.
Read all positive factors
Conrad Industries (CNRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$139.33M
Dividend YieldN/A
Average Volume (3M)4.23K
Price to Earnings (P/E)5.9
Beta (1Y)1.06
Revenue Growth20.18%
EPS GrowthN/A
CountryUS
Employees492
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.94
Shares Outstanding5,113,000
10 Day Avg. Volume3,618
30 Day Avg. Volume4,230
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.30
Price to Sales (P/S)0.38
P/FCF Ratio17.72
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue0.30
Enterprise Value/Gross Profit2.49
Enterprise Value/Ebitda3.20
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. 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, aggreg...
How the Company Makes Money
Conrad Industries makes money by contracting to (1) build new vessels and (2) repair, overhaul, and maintain existing vessels and marine structures. Revenue is primarily recognized from customer contracts tied to specific projects—such as construc...
Conrad Industries Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 327.55M | 303.41M | 239.77M | 193.86M | 191.22M |
| Gross Profit | 41.36M | 34.26M | 4.14M | -15.84M | -5.60M |
| EBITDA | 27.90M | 22.85M | -31.02M | -17.31M | 12.22M |
| Net Income | 19.88M | 11.23M | -27.03M | -17.43M | 6.45M |
Balance Sheet | |||||
| Total Assets | 139.77M | 148.46M | 140.21M | 131.15M | 146.08M |
| Cash, Cash Equivalents and Short-Term Investments | 27.54M | 23.14M | 38.59M | 21.58M | 58.12M |
| Total Debt | 2.65M | 3.93M | 5.42M | 6.98M | 7.38M |
| Total Liabilities | 38.50M | 67.07M | 70.04M | 33.95M | 31.46M |
| Stockholders Equity | 101.27M | 81.39M | 70.17M | 97.20M | 114.63M |
Cash Flow | |||||
| Free Cash Flow | 5.89M | -13.83M | 18.39M | -35.07M | 16.72M |
| Operating Cash Flow | 10.44M | -11.14M | 20.15M | -32.76M | 18.68M |
| Investing Cash Flow | -4.54M | -2.69M | -1.76M | -2.28M | -1.26M |
| Financing Cash Flow | -1.50M | -1.63M | -1.38M | -1.50M | -1.50M |
Conrad Industries Technical Analysis
Positive
27.60
Price Trends
25.88
Positive
26.04
Positive
24.29
Positive
Market Momentum
-0.04
Negative
61.61
Neutral
46.30
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 27.6 is above the 20-day moving average (MA) of 25.36, above the 50-day MA of 25.88, and above the 200-day MA of 24.29, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 61.61 is Neutral, neither overbought nor oversold. The STOCH value of 46.30 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $139.33M | 5.86 | 17.03% | ― | 20.18% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | $940.42M | -5.44 | -225.72% | ― | ― | -33.69% | |
44 Neutral | $241.78M | -0.82 | -107.75% | ― | -82.36% | 56.88% | |
44 Neutral | $20.86M | -0.10 | ― | ― | -63.81% | 81.84% | |
44 Neutral | $253.77M | 1.54 | -174.08% | ― | ― | ― |
* Industrials Sector Average
CNRD
Conrad Industries
27.25
16.60
155.87%
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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.