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Adcore Inc (ADCO) Fair Value & Analysis

Technology · CA · Market cap C$9.7M

AI Adcore Inc ADCO · TO
PriceC$0.1500
Fair ValueC$0.2100
Upside+40.0%
Quality64/100
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Mixed Growth
Loss-making · -5.5% net margin
generates free cash flow
Ranks above peers (6/10)
Narrow moat 15/100
Evidence: Medium Range C$0.1800 – C$0.2300 Share as image

Fair value as of: Jul 13, 2026

From 13 valuation models · updated 28 days ago

Share price −9.1% over the past month.

A solid business, screening 40% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (C$0.1800). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

C$1.79 C$0.1200 Fair Value C$0.2100 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range C$0.1200 – C$1.79 · fair‑value band C$0.1800 – C$0.2300 · the C$0.1500 price screens below the C$0.2100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Adcore Inc (ADCO) currently trades at C$0.1500, while our model-based Fair Value estimate is C$0.2100, implying the stock looks roughly 40.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Adcore Inc generated revenue of C$25.2M at a net margin of -5.5%. Revenue grew 27.3% year over year. It earns a return on equity of -18.2%. The balance sheet holds a net cash position of C$7.0M. Fundamentals as of Jul 13, 2026

Our scenario range runs from C$0.1800 (bear case) to C$0.2300 (bull case); at C$0.1500, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at 40%, ADCO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$0.4100 C$0.5900 C$0.8700 72
Gordon GGM C$0.2100 C$0.3400 C$0.4500 70
Rev-Margin DCF C$0.4200 C$0.6500 C$1.12 67
All 13 models by family
DCF Models
FCF DCF C$0.4300 C$0.5600 C$0.9200 38
Owner Earnings C$0.1500 C$0.1700 C$0.2100 31
5Y Revenue Exit C$0.4000 C$0.5800 C$0.9700 39
5Y EBITDA Exit C$0.2800 C$0.3400 C$0.4700 41
10Y Revenue Exit C$0.4000 C$0.6900 C$0.8600 36
10Y EBITDA Exit C$0.3300 C$0.4700 C$0.6700 37
Dividend Discount
Gordon GGM C$0.2100 C$0.3400 C$0.4500 70
DDM Multi-Stage C$0.2100 C$0.3300 C$0.3700 61
Multiples
EV/EBITDA C$0.1900 C$0.2200 C$0.2400 54
EV/Revenue C$0.3600 C$0.4600 C$0.5600 43
Asset-Based
NCAV (Graham) C$0.0600 C$0.0800 C$0.1200 50
Growth DCF
Growth DCF C$0.4100 C$0.5900 C$0.8700 72
Rev-Margin DCF C$0.4200 C$0.6500 C$1.12 67

Widest divergence: Growth DCF (C$0.5900) versus Asset-Based (C$0.0800). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) C$25.2M
Revenue growth (YoY) +27.3%
Net margin -5.5%
Return on equity -18.2%
Free cash flow C$1.6M FY2025
Operating margin -7.9%
More key figures
EPS (TTM) C$-0.0300
EPS growth (YoY) +54,182%
Net cash C$7.0M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 18

Profitability 39
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Adcore Inc. operates as a media and marketing technology company worldwide. The company offers Feeditor for creating and editing feeds; Feeditor Plus+ for enterprise e-commerce businesses; Views, a search engine marketing solution; Views Cockpit, a platform for an overview of Microsoft Advertising account data; Semdoc, an account auditing tool; and …

Full company description

Adcore Inc. operates as a media and marketing technology company worldwide. The company offers Feeditor for creating and editing feeds; Feeditor Plus+ for enterprise e-commerce businesses; Views, a search engine marketing solution; Views Cockpit, a platform for an overview of Microsoft Advertising account data; Semdoc, an account auditing tool; and Effortless Feed, a marketing solution for Shopify and WooCommerce store owners. It also provides Alerter for monitoring of various digital assets such as the client's website, data feeds, and advertising accounts; Couponer for coupons for Google Ads, Microsoft Ads, and other channels; Media Blast for creation and management of advertising accounts; and Proposaly, a sales enablement platform. The company was founded in 2005 and is based in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Adcore Inc reported revenue of C$24.2M in FY2025 versus C$28.0M in FY2021, a compound −3.5%/yr. Reported net income was −C$985K in FY2025.

Growth Quality 39/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$24.2M
Latest YoY
+2.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.6%
Revenue −3.5%/yr
FY21 C$28.0M
FY22 C$19.7M
FY23 C$23.1M
FY24 C$23.7M
FY25 C$24.2M
Net income
FY21 −C$277K
FY22 −C$2.2M
FY23 −C$944K
FY24 −C$541K
FY25 −C$985K

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Cite: Fair Value Calculator (2026). "Adcore Inc Fair Value". https://www.fairvalue-calculator.com/stock/ADCO

Peer Group

Software - Application · 709 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Above median
Fair Value upside +40% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -5% · Below median
Operating margin (TTM) -8% · Below median
Revenue growth 27% · Top 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.93× · Cheaper than median
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 4.4× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 87 · sector 0
FUTURE 100 · sector 38
PAST 0 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Adcore Inc (ADCO) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of C$0.2100 versus a price of C$0.1500, about +40% (undervalued).
What is the fair value of ADCO?
Our model-based fair value for Adcore Inc is C$0.2100 (as of Jul 13, 2026), built from audited fundamentals. The current price is C$0.1500.
What is the quality score of ADCO?
Adcore Inc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Adcore Inc (ADCO)?
Adcore Inc reported trailing-twelve-month revenue of about C$25.2M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ADCO?
The net profit margin of Adcore Inc is about -5.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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