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  5. ZDC: Greetings 5i, much recent Q&A on Zedcor. [Zedcor Inc.]
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Q: Greetings 5i, much recent Q&A on Zedcor. How long will it take the company to grow into its current valuation? How strong is the balance sheet and profitability? Thank you.
Asked by Barbara on July 15, 2025
5i Research Answer:

ZDC is a $426M name, that trades at 101X forward earnings and 18X forward EV/EBITDA. Analyst estimate trends have been rising, and its forward earnings growth is expected to be low triple digits in the next couple of years. If its price stays flat and these growth rates materialize, its forward EV/EBITDA for next year could be around 11X and its forward P/E could be around 42X. With that being said, we think its price can quickly grow into its multiples if the estimated growth trends materialize, or even surpass estimates. 

It has a decent cash position of $20M, a net debt position of $7.2M, and very reasonable debt-to-equity levels. Its margins are good, with a 7% net profit margin, 13% EBITDA margin, and an 8% ROE. Its margins are expected to expand in the coming years.