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CDNL Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
78.966
Open
77.160
VWAP
75.78
Vol
698.11K
Mkt Cap
3.54B
Low
72.530
Amount
52.90M
EV/EBITDA(TTM)
--
Total Shares
46.62M
EV
4.11B
EV/OCF(TTM)
--
P/S(TTM)
--
Cardinal Infrastructure Group Inc. is an infrastructure services company. The Company provides a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Its operations leverage a large skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. It seeks to safely execute site work solutions within both the individual project's schedule and budget. The Company delivers its suite of comprehensive infrastructure services that support the planning, preparation, installation, and development of residential, commercial, industrial, municipal, and state infrastructure projects, primarily through in-house teams and equipment, significantly reducing the need for outsourcing or subcontractors, which enables project execution.
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Events Timeline

(ET)
2026-06-30
11:00:00
Cardinal Infrastructure Completes First Asphalt Processing Plant
select
2026-06-25 (ET)
2026-06-25
06:30:00
Deal Size Increased to 4M Shares
select
2026-06-22 (ET)
2026-06-22
17:00:00
Stifel, William Blair and Truist Securities Act as Book-Running Managers for Proposed Offering
select
2026-06-02 (ET)
2026-06-02
07:10:00
Cardinal Infrastructure Group Acquires Piedmont Pipe Construction
select
2026-04-09 (ET)
2026-04-09
16:40:00
Cardinal Infrastructure Group Awarded $24M Contract
select

News

PRnewswire
8.5
06-30PRnewswire
Cardinal Infrastructure Group Completes First Asphalt Plant Construction
  • Asphalt Production Capacity: Cardinal Infrastructure Group has completed the construction of its first asphalt processing plant near Raleigh, capable of producing 400 tons of hot mix asphalt per hour, significantly enhancing the company's production capacity and market competitiveness.
  • Vertical Integration Strategy: By owning asphalt production capabilities, Cardinal gains direct control over mix design, production scheduling, and material quality, thereby reducing reliance on third-party suppliers and ensuring timely project delivery.
  • Customer Advantage Enhancement: CEO Jeremy Spivey stated that owning asphalt production is a natural step in the company's vertical integration journey, which will provide customers with greater control over quality, delivery, and schedules, thereby enhancing customer satisfaction.
  • Market Expansion Potential: As one of the Southeast's fastest-growing infrastructure service providers, Cardinal is committed to delivering integrated civil and site development solutions through a self-performing model and skilled teams in high-growth markets, further solidifying its market position.
Newsfilter
8.5
06-30Newsfilter
Cardinal Infrastructure Group Completes First Asphalt Processing Plant
  • Production Capacity Boost: Cardinal Infrastructure Group has completed its first asphalt processing plant near Raleigh, capable of producing 400 tons of hot mix asphalt per hour, significantly enhancing the company's control over infrastructure delivery and reducing reliance on third-party suppliers.
  • Vertical Integration Strategy: Owning asphalt production marks a crucial step in Cardinal's vertical integration journey, which not only improves customers' control over quality, delivery, and schedules but also lays the groundwork for delivering integrated infrastructure projects across the Southeast.
  • Project Delivery Efficiency: The new plant enables Cardinal to better meet tight project timelines, enhancing project delivery efficiency and further solidifying the company's competitive advantage in rapidly growing markets.
  • Market Expansion Potential: As one of the Southeast's fastest-growing full-service infrastructure providers, Cardinal's self-performing model, supported by skilled labor and market-leading subsidiaries, ensures efficient turnkey project execution while strengthening long-term client relationships.
PRnewswire
8.5
06-26PRnewswire
Cardinal Infrastructure Group Completes Upsized Public Offering
  • Upsized Offering: Cardinal Infrastructure Group successfully closed its upsized public offering of 4 million shares of Class A common stock at $73 per share, reflecting strong market demand and generating approximately $336 million in gross proceeds, which will enhance its capital structure.
  • Underwriters' Full Exercise: The underwriters fully exercised their option to purchase an additional 600,000 shares, further increasing the financing scale, which will provide more funding support for the company's future projects and assist its market expansion strategy.
  • Registration Statement Effective: The registration statement for this offering was declared effective by the SEC on June 24, 2026, ensuring compliance and facilitating the public offering process, thereby boosting investor confidence.
  • Market Positioning and Growth Potential: As one of the Southeast's fastest-growing infrastructure service providers, Cardinal is expected to solidify its market position and drive long-term growth through this offering, leveraging its self-performing business model and skilled workforce.
Newsfilter
8.5
06-26Newsfilter
Cardinal Infrastructure Group Completes Upsized Public Offering
  • Upsized Offering: Cardinal Infrastructure Group successfully closed its public offering of 4 million shares of Class A common stock at $73 per share, indicating strong market demand and expected gross proceeds of approximately $336 million, which will enhance the company's capital strength for future expansions.
  • Additional Share Purchase: The underwriters fully exercised their option to purchase an additional 600,000 shares, further increasing the total fundraising amount, which not only reflects investor confidence in the company's prospects but also provides ample funding support for upcoming projects.
  • Regulatory Compliance: The registration statement for this offering was declared effective by the SEC on June 24, 2026, ensuring the legality and transparency of the offering process, which enhances investor trust and helps the company build a solid reputation for future capital market activities.
  • Market Positioning and Strategy: As one of the Southeast's fastest-growing infrastructure service providers, Cardinal leverages its self-performing model and market-leading subsidiaries to execute projects efficiently in high-growth markets, continuously driving its market share and competitiveness in the infrastructure sector.
seekingalpha
8.5
06-25seekingalpha
Cardinal Infrastructure Upsizes Public Offering to Raise $292M
  • Upsized Offering: Cardinal Infrastructure has announced an increase in its public offering of Class A common stock from an initially proposed 3.75 million shares to 4 million shares, aiming to raise approximately $292 million, reflecting strong market demand and enhancing the company's capital structure flexibility.
  • Pricing Details: The offering is priced at $73.00 per share before accounting for underwriting discounts, commissions, and other associated expenses, indicating investor confidence in the company's growth potential and possibly supporting future investments.
  • Underwriter Option: Cardinal has granted underwriters a 30-day option to purchase up to an additional 600,000 shares of Class A common stock at the public offering price, providing the company with further financing flexibility to respond quickly to favorable market conditions.
  • Transaction Timeline: The transaction is scheduled to finalize on June 26, 2026, subject to the satisfaction of standard customary closing conditions, ensuring a smooth execution of the deal and laying the groundwork for the company's future capital operations.
NASDAQ.COM
8.5
06-25NASDAQ.COM
Cardinal Infrastructure Group Prices Upsized Public Offering of 4 Million Shares
  • Upsized Offering: Cardinal Infrastructure Group announced the pricing of an upsized public offering of 4 million shares of Class A common stock at $73 per share, with gross proceeds expected to be approximately $292 million, indicating strong market demand and the company's robust financing capability.
  • Underwriter Selection: Stifel, William Blair, and Truist Securities are acting as book-running managers for the offering, highlighting the company's focus on professional expertise and market influence in ensuring a successful financing process.
  • Additional Purchase Option: The company has granted underwriters a 30-day option to purchase up to an additional 600,000 shares of Class A common stock, a strategy that may further enhance market demand and liquidity for the company's stock.
  • Positive Market Reaction: Cardinal's shares traded 0.67% higher at $82.49 on Nasdaq, reflecting investor confidence in the company's offering and optimism about future growth prospects.
Wall Street analysts forecast CDNL stock price to rise
2 Analyst Rating
Wall Street analysts forecast CDNL stock price to rise
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
28.00
Averages
28.00
High
28.00
Current: 0.000
sliders
Low
28.00
Averages
28.00
High
28.00
Oppenheimer
Brent Thielman
Outperform
maintain
$60 -> $80
AI Analysis
2026-06-15
Reason
Oppenheimer
Brent Thielman
Price Target
$60 -> $80
AI Analysis
2026-06-15
maintain
Outperform
Reason
Oppenheimer analyst Brent Thielman raised the firm's price target on Cardinal Infrastructure to $80 from $60 and keeps an Outperform rating on the shares. The firm is refreshing its views on Cardinal Infrastructure following recent announced M&A and management discussion. Oppenheimer modestly increases estimates for 2026 and bump 2027, which reflects its initial assumed direct and indirect benefits from the Piedmont Pipe acquisition and its sense of overall organic pursuit momentum this year. Potential new M&A catalysts remain this year.
Oppenheimer
Outperform
initiated
$60
2026-05-28
Reason
Oppenheimer
Price Target
$60
2026-05-28
initiated
Outperform
Reason
Oppenheimer initiated coverage of Cardinal Infrastructure with an Outperform rating and $60 price target. The company has an "attractive growth runway" as it leverages existing customer relationships into new markets and geographies, the analyst tells investors in a research note. The firm believes Cardinal's roll-up opportunities "should be significant" at multiples well below the company's current trading levels. Oppenheimer expects the company to sustain "top-tier" margins versus its peers.
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Valuation Metrics

The current forward P/E ratio for Cardinal Infrastructure Group Inc (CDNL.O) is 45.25, compared to its 5-year average forward P/E of 29.31. For a more detailed relative valuation and DCF analysis to assess Cardinal Infrastructure Group Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
29.31
Current PE
45.25
Overvalued PE
51.92
Undervalued PE
6.69

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
363.23
Current EV/EBITDA
16.55
Overvalued EV/EBITDA
673.53
Undervalued EV/EBITDA
52.93

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
1.31
Current PS
1.96
Overvalued PS
1.90
Undervalued PS
0.72

Financials

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Frequently Asked Questions

What is Cardinal Infrastructure Group Inc (CDNL) stock price today?

The current price of CDNL is 75.85 USD — it has decreased -5.29

What is Cardinal Infrastructure Group Inc (CDNL)'s business?

Cardinal Infrastructure Group Inc. is an infrastructure services company. The Company provides a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Its operations leverage a large skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. It seeks to safely execute site work solutions within both the individual project's schedule and budget. The Company delivers its suite of comprehensive infrastructure services that support the planning, preparation, installation, and development of residential, commercial, industrial, municipal, and state infrastructure projects, primarily through in-house teams and equipment, significantly reducing the need for outsourcing or subcontractors, which enables project execution.

What is the price predicton of CDNL Stock?

Wall Street analysts forecast CDNL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDNL is28.00 USD with a low forecast of 28.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Cardinal Infrastructure Group Inc (CDNL)'s revenue for the last quarter?

Cardinal Infrastructure Group Inc revenue for the last quarter amounts to 167.51M USD, increased 104.78

What is Cardinal Infrastructure Group Inc (CDNL)'s earnings per share (EPS) for the last quarter?

Cardinal Infrastructure Group Inc. EPS for the last quarter amounts to 0.08 USD, decreased -46.67

How many employees does Cardinal Infrastructure Group Inc (CDNL). have?

Cardinal Infrastructure Group Inc (CDNL) has 1480 emplpoyees as of July 08 2026.

What is Cardinal Infrastructure Group Inc (CDNL) market cap?

Today CDNL has the market capitalization of 3.54B USD.