CDNL - Cardinal Infrastructure Group Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$52.33
DETAILS
HIGH:
$70.00
LOW:
$35.00
MEDIAN:
$52.00
CONSENSUS:
$52.33
UPSIDE:
15.93%
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2024 Q4 | 2024 Q3 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 167.5 | 145.8 | 122.3 | 106.1 | 84.9 | 76.3 |
| Cost of Revenue | 133.3 | 114.6 | 96.5 | 83.5 | 67.6 | 62.4 |
| Gross Profit | 34.2 | 31.2 | 25.8 | 22.6 | 17.3 | 13.9 |
| Operating Expenses | ||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 10.1 | 13.4 | 5.1 | 3.0 | 4.1 | 2.3 |
| Other Expenses | 9.3 | 9.1 | 8.8 | 7.9 | 5.1 | 4.9 |
| Operating Expenses | 19.4 | 22.4 | 13.9 | 10.9 | 9.2 | 7.1 |
| Operating Income | ||||||
| Operating Income | 14.8 | 8.8 | 11.9 | 11.7 | 8.2 | 6.8 |
| Interest Expense | (2.2) | 3.0 | 1.2 | 1.6 | 1.3 | 1.2 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 24.0 | 17.4 | 21.0 | 19.6 | 13.0 | 11.5 |
| EBIT | 14.8 | 8.3 | 12.1 | 11.7 | 7.9 | 6.6 |
| Income Before Tax | 12.5 | 5.3 | 11.0 | 10.2 | 6.7 | 5.4 |
| Income Tax Expense | 1.1 | (0.3) | 1.6 | 0.7 | 1.4 | 0.2 |
| Net Income | 3.4 | 13.5 | (3.4) | 7.2 | (7.2) | 3.9 |
| Per Share Data | ||||||
| EPS (Basic) | 0.23 | 0.96 | -0.26 | 0.54 | -0.54 | 0.29 |
| EPS (Diluted) | 0.23 | 0.96 | -0.26 | 0.54 | -0.54 | 0.29 |
| Shares Outstanding | 15.1 | 14.0 | 13.2 | 13.2 | 13.2 | 13.2 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 339.1 | 44.0 | 97.1 | 80.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 212.6 | 181.9 | 116.2 | 101.7 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 3.4 | 0.5 | 0.4 | 2.2 |
| Total Current Assets | 555.1 | 228.1 | 215.7 | 185.6 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 170.9 | 146.0 | 93.8 | 77.2 |
| Goodwill | 133.2 | 128.6 | 23.5 | 11.0 |
| Intangible Assets | 101.9 | 109.0 | 15.5 | 1.1 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.6 | 0.4 | 0 | 0 |
| Total Non-Current Assets | 459.4 | 429.2 | 178.9 | 134.2 |
| Total Assets | 1,014.5 | 657.3 | 394.6 | 319.8 |
| Current Liabilities | ||||
| Account Payables | 112.0 | 94.7 | 60.6 | 56.2 |
| Short-Term Debt | 20.6 | 10.1 | 6.1 | 21.3 |
| Deferred Revenue | 0 | 9.7 | 10.8 | 15.8 |
| Other Current Liabilities | 21.9 | 0.0 | 0 | 0 |
| Total Current Liabilities | 154.5 | 131.9 | 91.6 | 115.3 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 186.1 | 185.9 | 113.2 | 59.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 59.5 | 55.2 | 39.4 | 38.2 |
| Total Non-Current Liabilities | 266.5 | 263.4 | 163.4 | 106.9 |
| Total Liabilities | 421.0 | 395.3 | 255.0 | 222.2 |
| Stockholders' Equity | ||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 9.0 | 4.3 | 0.9 | 41.6 |
| Accumulated Other Comprehensive Income | 0.0 | (0.2) | 0 | 0 |
| Total Stockholders' Equity | 245.1 | 70.4 | 58.5 | 39.5 |
| Total Liabilities & Equity | 1,014.5 | 657.3 | 394.6 | 319.8 |
| Debt Metrics | ||||
| Total Debt | 227.6 | 227.2 | 137.3 | 95.9 |
| Net Debt | (111.5) | 183.2 | 40.1 | 15.7 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2024 Q4 | 2024 Q3 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 11.1 | 11.5 | 4.9 | 10.1 | 9.5 | 6.4 | 5.2 |
| Depreciation & Amortization | 11.6 | 9.3 | 9.1 | 8.8 | 7.8 | 5.1 | 4.9 |
| Stock-Based Compensation | 0.3 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0 | (12.8) | (8.6) | (8.9) | (13.0) | (3.7) | 9.5 |
| Other Non-Cash Items | (22.0) | 0.1 | 6.2 | (0.0) | (0.0) | 0.5 | (0.4) |
| Operating Cash Flow | 0 | 9.3 | 11.6 | 10.0 | 4.2 | 8.3 | 19.1 |
| Investing Activities | |||||||
| Capital Expenditure | 0 | (9.3) | (12.1) | (9.1) | (12.2) | (2.0) | (1.4) |
| Acquisitions | 0 | (125.5) | (39.5) | (0.8) | (5.1) | (0.5) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0.1 | 1.5 | 0.1 | 0 | 0.0 | 0.3 |
| Investing Cash Flow | 0 | (134.8) | (50.1) | (9.8) | (17.4) | (2.5) | (1.2) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 76.9 | 39.5 | 2.5 | 12.5 | 0.8 | (4.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | (14.8) | (3.2) | (2.6) | (5.2) | (2.0) |
| Other Financing Activities | 0 | (4.6) | 92.6 | (0.4) | (0.3) | 0 | 0 |
| Financing Cash Flow | 0 | 72.3 | 117.3 | (1.1) | 9.6 | (4.5) | (6.1) |
| Cash Position | |||||||
| Net Change in Cash | 0 | (53.2) | 78.8 | (0.8) | (3.6) | 1.3 | 11.8 |
| Cash at Beginning | 0 | 97.1 | 18.4 | 19.2 | 22.8 | 19.6 | 7.7 |
| Cash at End | 0 | 44.0 | 97.1 | 18.4 | 19.2 | 20.9 | 19.6 |
| Free Cash Flow | 0 | (0.0) | (0.5) | 0.9 | (8.0) | 6.3 | 17.7 |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2024 Q4 | 2024 Q3 | |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 167.5 | 145.8 | 122.3 | 106.1 | 84.9 | 76.3 | |
| Gross Profit | 34.2 | 31.2 | 25.8 | 22.6 | 17.3 | 13.9 | |
| Operating Income | 14.8 | 8.8 | 11.9 | 11.7 | 8.2 | 6.8 | |
| Net Income | 3.4 | 13.5 | (3.4) | 7.2 | (7.2) | 3.9 | |
| EPS (Diluted) | 0.23 | 0.96 | -0.26 | 0.54 | -0.54 | 0.29 | |
| Balance Sheet | |||||||
| Cash & Equivalents | 339.1 | 44.0 | 97.1 | 80.2 | |||
| Total Assets | 1,014.5 | 657.3 | 394.6 | 319.8 | |||
| Total Debt | 227.6 | 227.2 | 137.3 | 95.9 | |||
| Stockholders' Equity | 245.1 | 70.4 | 58.5 | 39.5 | |||
| Cash Flow | |||||||
| Operating Cash Flow | 0 | 9.3 | 11.6 | 10.0 | 4.2 | 8.3 | 19.1 |
| Capital Expenditure | 0 | (9.3) | (12.1) | (9.1) | (12.2) | (2.0) | (1.4) |
| Free Cash Flow | 0 | (0.0) | (0.5) | 0.9 | (8.0) | 6.3 | 17.7 |