ADFJF (ADF Group) Intrinsic Value: DCF (Dividends Based): $8.96 (As of Aug. 04, 2026) — 1936% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ADFJF ADF Group Inc ADFJF
69 GF Score
Price $8.44
GF Value $7.21
Valuation Modestly Overvalued
! 5 Warning Signs
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What is ADF Group Intrinsic Value: DCF (Dividends Based)?

ADF Group ADFJF -25.70% 69 Intrinsic Value: DCF (Dividends Based) is $8.96 as of Aug. 04, 2026, which is 1936% above its 10-year median of 0.44. GuruFocus rates ADFJF with a GF Score™ of 69/100 and a GF Value™ of $7.21 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 437 Industrial Products companies, ADF Group ranks better than 51.72% on this metric.

As of today (2026-08-04), ADF Group's intrinsic value calculated from the Discounted Dividend model is $8.96.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

ADF Group's Predictability Rank is 2.5-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for ADF Group is 5.80%.

The historical rank and industry rank for ADF Group's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

ADFJF' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.31   Med: 0.44   Max: 1.48
Current: 0.94

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of ADF Group was 1.48. The lowest was 0.31. And the median was 0.44.

ADFJF's Price-to-DCF (Dividends Based) is ranked better than
51.72% of 437 companies
in the Industrial Products industry
Industry Median: 1.29 vs ADFJF: 0.94

ADF Group  (OTCPK:ADFJF) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


ADF Group Intrinsic Value: DCF (Dividends Based) Related Terms


ADF Group Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for ADF Group's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ADF Group Intrinsic Value: DCF (Dividends Based) Chart

ADF Group Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.17 3.58 0.00 15.36 7.78

ADF Group Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.05 10.12 8.91 7.78 9.10

ADFJF vs CRS, ATI, MLI: Intrinsic Value: DCF (Dividends Based) Comparison

For the Metal Fabrication subindustry, ADF Group's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ADF Group Price-to-DCF (Dividends Based) vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADF Group's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where ADF Group's Price-to-DCF (Dividends Based) falls into.


ADFJF
69GF Score
ADF Group Inc ADFJF
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ADF Group Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 10%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 3.42%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 5%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> ADF Group's average Dividend Growth Rate in the past 10 years was 4.70%, which is less than 5%. GuruFocus defaults => Growth Rate: 5%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = $0.7173.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

ADF Group's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.05)/(1+0.1) = 0.95454545454545
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.1) = 0.94545454545455

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=0.7173*12.485
=8.96

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (8.96 - 8.44) / 8.96
= 5.80 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of $8.96 mean?
ADF Group (ADFJF) has a Intrinsic Value: DCF (Dividends Based) of $8.96 as of Aug. 04, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on ADF Group and its competitors. This is 1936% above median its historical median of 0.44. Over the past decade, ADF Group's Intrinsic Value: DCF (Dividends Based) has ranged from 0.31 to 1.48. According to the industry distribution chart, ADF Group ranks #211 out of 437 companies in the Industrial Products industry, placing it in the top 48.3%.
Is ADF Group's Intrinsic Value: DCF (Dividends Based) too high?
ADF Group's current Intrinsic Value: DCF (Dividends Based) of $8.96 is 1936% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.48. The Industrial Products industry median Intrinsic Value: DCF (Dividends Based) is 1.29. ADF Group's value of $8.96 is 594.6% above this industry median. Based on the distribution chart, ADF Group ranks #211 out of 437 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ADF Group has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADF Group's Intrinsic Value: DCF (Dividends Based) compare to CRS and ATI?
According to the Industrial Products industry distribution chart, ADF Group ranks #211 out of 437 companies for Intrinsic Value: DCF (Dividends Based). This puts ADF Group in the upper half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 1.29. ADF Group's value of $8.96 is 594.6% above this benchmark. Historically, ADF Group's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.31 to 1.48 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 1.29, ADF Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for an Industrial Products company?
The median Intrinsic Value: DCF (Dividends Based) among Industrial Products companies is 1.29, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ADF Group's current Intrinsic Value: DCF (Dividends Based) of $8.96 is 594.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on ADF Group and its competitors. For the Industrial Products industry, the median Intrinsic Value: DCF (Dividends Based) is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADF Group's current Intrinsic Value: DCF (Dividends Based) is $8.96, which is 1936% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADF Group stock overvalued right now?
Based on GuruFocus' analysis, ADF Group (ADFJF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.21, compared to a current price of $8.44 — trading 17.1% above its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is $8.96, which is 1936% above median its 10-year median of 0.44 and 594.6% above the Industrial Products industry median of 1.29. ADF Group's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For ADF Group (ADFJF), the current Intrinsic Value: DCF (Dividends Based) is $8.96 as of Aug. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ADF Group (ADFJF) Overvalued in 2026?

Based on GuruFocus' analysis, ADF Group stock appears to be overvalued. The current stock price of $8.44 is trading 17.1% above its estimated GF Value™ of $7.21. GuruFocus considers ADF Group to be Modestly Overvalued.

Key valuation signals for ADFJF:

  • Intrinsic Value: DCF (Dividends Based): $8.96 (1936% above median its 10-year median of 0.44)
  • GF Value™: $7.21 vs. price of $8.44 (17.1% above fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 594.6% above the Industrial Products median (#211 of 437)

No single metric tells the full story. See the ADFJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ADF Group Business Description

Other Exchanges 4QM:GermanyDRX:Canada
Address 300 Henry-Bessemer Street, Terrebonne, QC, CAN, J6Y 1T3
ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures and energy. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators in the United States and Canada.
69GF Score

Get the complete analysis for ADFJF

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.44
Price
$7.21
GF Value