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ADCORE INC (ADCO.CA) Stock Fundamental Analysis

Canada - TSX:ADCO - CA00654B1040 - Common Stock

0.24 CAD
-0.01 (-2.04%)
Last: 10/20/2025, 7:00:00 PM
Fundamental Rating

3

ADCO gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 62 industry peers in the Software industry. While ADCO seems to be doing ok healthwise, there are quite some concerns on its profitability. ADCO has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

ADCO had negative earnings in the past year.
In the past year ADCO had a positive cash flow from operations.
ADCO had negative earnings in 4 of the past 5 years.
In multiple years ADCO reported negative operating cash flow during the last 5 years.
ADCO.CA Yearly Net Income VS EBIT VS OCF VS FCFADCO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M

1.2 Ratios

Looking at the Return On Assets, with a value of -1.38%, ADCO is in line with its industry, outperforming 56.45% of the companies in the same industry.
With a Return On Equity value of -2.31%, ADCO perfoms like the industry average, outperforming 59.68% of the companies in the same industry.
Industry RankSector Rank
ROA -1.38%
ROE -2.31%
ROIC N/A
ROA(3y)-8.42%
ROA(5y)-4.36%
ROE(3y)-13.38%
ROE(5y)-6.6%
ROIC(3y)N/A
ROIC(5y)N/A
ADCO.CA Yearly ROA, ROE, ROICADCO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

Looking at the Gross Margin, with a value of 41.95%, ADCO is in line with its industry, outperforming 50.00% of the companies in the same industry.
ADCO's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for ADCO so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 41.95%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.32%
GM growth 5Y-8.37%
ADCO.CA Yearly Profit, Operating, Gross MarginsADCO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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6

2. Health

2.1 Basic Checks

ADCO does not have a ROIC to compare to the WACC, probably because it is not profitable.
ADCO has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ADCO has been increased compared to 5 years ago.
The debt/assets ratio for ADCO is higher compared to a year ago.
ADCO.CA Yearly Shares OutstandingADCO.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
ADCO.CA Yearly Total Debt VS Total AssetsADCO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

2.2 Solvency

ADCO has an Altman-Z score of 3.01. This indicates that ADCO is financially healthy and has little risk of bankruptcy at the moment.
ADCO's Altman-Z score of 3.01 is in line compared to the rest of the industry. ADCO outperforms 50.00% of its industry peers.
The Debt to FCF ratio of ADCO is 0.42, which is an excellent value as it means it would take ADCO, only 0.42 years of fcf income to pay off all of its debts.
ADCO has a better Debt to FCF ratio (0.42) than 87.10% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that ADCO is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.05, ADCO is doing good in the industry, outperforming 64.52% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.42
Altman-Z 3.01
ROIC/WACCN/A
WACC10.2%
ADCO.CA Yearly LT Debt VS Equity VS FCFADCO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 5M 10M

2.3 Liquidity

A Current Ratio of 1.92 indicates that ADCO should not have too much problems paying its short term obligations.
ADCO has a Current ratio of 1.92. This is in the better half of the industry: ADCO outperforms 64.52% of its industry peers.
ADCO has a Quick Ratio of 1.92. This is a normal value and indicates that ADCO is financially healthy and should not expect problems in meeting its short term obligations.
ADCO has a better Quick ratio (1.92) than 64.52% of its industry peers.
Industry RankSector Rank
Current Ratio 1.92
Quick Ratio 1.92
ADCO.CA Yearly Current Assets VS Current LiabilitesADCO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5M 10M

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3

3. Growth

3.1 Past

ADCO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 100.00%, which is quite impressive.
The Revenue has been growing slightly by 3.12% in the past year.
ADCO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.97% yearly.
EPS 1Y (TTM)100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)3.12%
Revenue growth 3Y-5.37%
Revenue growth 5Y15.97%
Sales Q2Q%-2.48%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ADCO.CA Yearly Revenue VS EstimatesADCO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
ADCO.CA Yearly EPS VS EstimatesADCO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 -0 -0 -0.01 -0.01

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2

4. Valuation

4.1 Price/Earnings Ratio

Industry RankSector Rank
PE N/A
Fwd PE N/A
ADCO.CA Price Earnings VS Forward Price EarningsADCO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ADCO is valued cheaper than 91.94% of the companies in the same industry.
93.55% of the companies in the same industry are more expensive than ADCO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.91
EV/EBITDA 4.94
ADCO.CA Per share dataADCO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.1 0.2 0.3 0.4 0.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

ADCO does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ADCORE INC

TSX:ADCO (10/20/2025, 7:00:00 PM)

0.24

-0.01 (-2.04%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-13 2025-08-13/bmo
Earnings (Next)11-13 2025-11-13
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners68.82%
Ins Owner ChangeN/A
Market Cap14.57M
Analysts0
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.44
P/FCF 7.91
P/OCF 4.53
P/B 1.3
P/tB 2.06
EV/EBITDA 4.94
EPS(TTM)0
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.03
FCFY12.64%
OCF(TTM)0.05
OCFY22.07%
SpS0.54
BVpS0.18
TBVpS0.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.38%
ROE -2.31%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 41.95%
FCFM 5.6%
ROA(3y)-8.42%
ROA(5y)-4.36%
ROE(3y)-13.38%
ROE(5y)-6.6%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.32%
GM growth 5Y-8.37%
F-Score4
Asset Turnover1.75
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.42
Debt/EBITDA 0.46
Cap/Depr 83.66%
Cap/Sales 4.18%
Interest Coverage N/A
Cash Conversion 261.9%
Profit Quality N/A
Current Ratio 1.92
Quick Ratio 1.92
Altman-Z 3.01
F-Score4
WACC10.2%
ROIC/WACCN/A
Cap/Depr(3y)121.06%
Cap/Depr(5y)126.07%
Cap/Sales(3y)4.9%
Cap/Sales(5y)4.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.12%
Revenue growth 3Y-5.37%
Revenue growth 5Y15.97%
Sales Q2Q%-2.48%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y52.42%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y172.03%
FCF growth 3YN/A
FCF growth 5Y-9.35%
OCF growth 1Y422.39%
OCF growth 3YN/A
OCF growth 5Y-4.29%