Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
AHL.AX
STRONG BUYREMOVEAdrad Holdings Limited · Industrials · Australia · $83M · Avg Vol: $42K/d
Adrad Holdings is an Australian manufacturer of radiators and heat exchangers. It is a micro-cap industrial business lacking the scale, moat, and structural macro alignment required for our concentrated portfolio.
COMPANY DESCRIPTION
Adrad Holdings Limited designs, manufactures, and imports industrial cooling solutions and heat exchangers, alongside distributing automotive aftermarket parts. The company holds a dominant market position in Australia's heavy transport, mining, and power generation cooling sectors, supported by proprietary design capabilities. It is a vertically integrated industrial manufacturer with a highly diversified customer base across critical infrastructure sectors.
FINANCIAL SUMMARY (USD)
| Year | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|
| Revenue | 98.8M | 100.0M | 107.3M | 4.2% |
| EPS | 0.06 | 0.05 | 0.05 | -9.4% |
| Shares | 80.7M | 81.3M | 81.3M | +0.8% |
| Debt | 34.2M | 34.2M | 29.0M | -8.0% |
| Equity | 81.8M | 84.6M | 88.4M | 3.9% |
| Op CF | — | — | — | — |
| Inv CF | -2.7M | -3.7M | -2.8M | — |
| Fin CF | 5.3M | -5.3M | -5.3M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of AHL.AX are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| AHL.AX | Adrad Holdings Limited(you) | $83M | 94 | STRONG BUY |
| IPG.AX | IPD Group Limited | $445M | 94 | STRONG BUY |
| EDE.AX | Eden Innovations Ltd | $60M | 13 | STRONG SELL |
| FWD.AX | Fleetwood Limited | $90M | 91 | STRONG BUY |
| BOL.AX | Boom Logistics Limited | $56M | 93 | STRONG BUY |
| CLX.AX | CTI Logistics Limited | $125M | 96 | STRONG BUY |
| EVZ.AX | EVZ Limited | $60M | 89 | STRONG BUY |
| KOV.AX | Korvest Ltd | $178M | 98 | STRONG BUY |
| LAU.AX | Lindsay Australia Limited | $151M | 85 | STRONG BUY |
| SND.AX | Saunders International Limited | $105M | 77 | BUY |
Peer medians: ROE 9.4% · P/E 23.7x · Gross margin 34.7%