ADF released a trading update following their first half ending on 30 June and ahead of interim results in mid-September. No new financials have been released, but management have guided that the first half continued to see strong demand and that they are trading in-line with our expectations for revenue and adj EBITDA. Valuations remain attractive with an FY23E P/E ratio of 10.8x and a normalised FCF yield of c15%.
05 Aug 2022
Cenkos: Facilities by ADF Plc - Growth story firmly intact
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Cenkos: Facilities by ADF Plc - Growth story firmly intact
Facilities by ADF PLC (ADF:LON) | 52.5 0 0.0% | Mkt Cap: 42.5m
- Published:
05 Aug 2022 -
Author:
Andrew Renton -
Pages:
6
ADF released a trading update following their first half ending on 30 June and ahead of interim results in mid-September. No new financials have been released, but management have guided that the first half continued to see strong demand and that they are trading in-line with our expectations for revenue and adj EBITDA. Valuations remain attractive with an FY23E P/E ratio of 10.8x and a normalised FCF yield of c15%.