ADM Endeavors, Inc. (OTCQB:ADMQ): Announces Goldman’s Favorable Report on ADMQ

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Fort Worth, Texas, United States:
 

ADM Endeavors, Inc. (OTCQB: ADMQ) announced today that Goldman Small Cap Research has put out a new report on ADMQ. The Goldman reports a belief ADMQ is undervalued and projected a six-month price target of $.22.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210629005028/en/

 

ADMQ (Photo: Business Wire)

ADMQ (Photo: Business Wire)

ADM Endeavors CEO Marc Johnson said, “It is a compliment when professionals see the same potential we see on a daily basis here at ADMQ. We will continue to work hard to increase sales and profit for the shareholders and the company.”

 

Goldman Research link: https://www.goldmanresearch.com/202106231323/Opportunity-Research/undervalued-adm-enjoys-major-growth-ahead.html

 

ADM ENDEAVORS, INC.
Undervalued ADM Enjoys Major Growth Ahead

 

Rob Goldman

June 24, 2021

[email protected]

   

ADM ENDEAVORS, INC. (OTCQB – ADMQ – $0.085)

Industry: Specialty Services

6 Mo. Price Target: $0.22

COMPANY SNAPSHOT

 

Since 2010, ADM Endeavors Inc.’s, wholly owned subsidiary, Just Right Products, Inc., operates a diverse vertically integrated business in the Dallas/Fort Worth area, which consists of a retail sales division, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms.

 

KEY STATISTICS

 

Price as of 6/23/21

$0.085

52 Week High – Low

$0.185 – $0.03

Est. Shares Outstanding

163.7M

Market Capitalization

$13.9M

Average Volume

140,394

Exchange

OTCQB

COMPANY INFORMATION

 

ADM Endeavors, Inc.
5941 Posey Lane
Haltom City TX 76117

 

Web: www.ADMEndeavors.com
Email: [email protected]
Phone : 817.840.6271

 

INVESTMENT HIGHLIGHTS

 

ADM Endeavors is a one-of-a-kind, pure play specialty products and services company that has enjoyed enviable, consistent top-line growth, and we believe it is poised for even higher growth rates going forward. The Company is set to enjoy a confluence of key events that serve as short and long-term drivers of product and vertical sales growth.

 

ADMQ is well known for its promotional products and specialty offerings such as school and business uniforms in the Dallas/Fort Worth metro area and now enjoys substantial sales due to online influencers. The Company is working with key Gamer/YouTuber influencers in the child/youth markets, a huge opportunity for ADMQ.

 

The Company has been extremely active in 1H21. ADMQ introduced a novel CBD line which could be a sleeper product this year and in 2022 and the Company boasts a series of wins in its core business.

 

ADMQ grew sales by 32% in 2020 despite the COVID-19 challenges and we believe the best is yet to come. Our model suggests sales could reach $6.5M in 2021 and $9M in 2022.

 

Our 6-month price target of $0.22 is a 159% leap from yesterday’s close and ADMQ could reach beyond the $0.30 mark in 12 months. Continued penetration of existing and new markets, along with new verticals could be enhanced via M&A, which we believe is in the cards, thereby driving the share value further.

 

COMPANY OVERVIEW

 

The View from 30,000 Feet

 

In our view, ADM Endeavors Inc. (OTC – ADMQ) is a successful, one-of-a-kind, undervalued emerging growth company whose shares offer substantial upside from a variety of channels, verticals, and initiatives. The pure play specialty products/services company is leveraging the long-standing success of its flagship wholly owned subsidiary, Just Right Products, Inc., (www.JustRightProducts.com,) which has consistently increased sales, and ended 2020 with sales topping $5.0M, a 32% rise.

 

This performance is even more impressive when taking into account that one of its primary revenue channels, school uniform sales, declined by about 50% from a year earlier. Going forward, the Company and its investors benefit from the confluence of a series of events that could transform ADMQ from a solid, growth company into a major force in is industry. These events include:

 

  • Reduced COVID-19 restrictions,
  • Return of typical school uniform sales channel performance
  • Continued core business wins
  • New verticals and business lines
  • Greater marketing reach via Gamer/YouTuber influencers
  • Potential M&A or entry into new geographic markets.

As a result, we forecast a jump in revenue from $5M in 2020 to $6.5M in 2021 and $9M in 2022. while our six-month price target is $0.22, a 159% jump from yesterday’s close, we believe these shares could vault past the $0.30 mark in the next 12 months. Our $0.22 target is based on 4x CY22E sales, a typical price/sales multiple for emerging growth companies enjoying a significant ramp-up phase.

 

The Core Businesses

 

Since 2010, ADMQ’s wholly owned subsidiary, Just Right Products, Inc., has operated a diverse vertical integrated business in the Dallas/Fort Worth area, which consists of a retail sales division, screen print production, embroidery production, digital services, import wholesale, government procurement and school/work wear uniforms. Just Right Products has maximized its work area by offering on site traditional brick and mortar retail within its manufacturing facility. This allows the most efficient use of labor with all employees cross trained for retail, sales, and production work.

 

The Retail Sales Division focuses on “Anything With A Logo” products. Ranging from products such as business cards to coffee cups, apparel like t-shirts and hoodies, to even more unique products like portable speakers and pillow, customers have tens of thousands of unique products from which to select. The Import Wholesale Department adds to this selection by sourcing products overseas for both retail and wholesale customers. The recently created Government Procurement Department assists Municipalities, Schools, Law Enforcement, Fire Protection, Parks & Recreation, Public Works, Public Safety, Zoning and other government entities in securing their apparel and promotional products.

 

And finally, the Uniform Division currently contracts with nearly a dozen local private and charter schools for all uniform needs while also working with various businesses for employee uniform apparel.

 

To meet its customer needs, Just Right Products has implemented state-of-the-art in-house production that is supplemented with factory direct international sourcing. The onsite Screen-Printing Production utilizes five screen printing machines to print garments, bags, masks, etc. and can produce more than 8,000 units per day. The on-site Embroidery Production also has equipment with over 50 heads of embroidery capacity, a major production advantage over smaller competitors. The Digital Services Department employs four digital artists to create brand new for customers or refine artwork submitted for orders. All departments work in tandem to ensure a high level of customer service and quality products, with the ability to scale and expand as needed. (More on that below.)

 

Just Right Products employs ten sales staff who serve more than 1000 customers each year. Plus, Sage, an online B2B platform, expands the Company’s product offering to an additional 45,000 wholesale customers. The Company’s unique integrated nature (design, production, marketing, sales, complementary offerings) make ADMQ stand out from the crowd. Moreover, its multi-subsidiary, multi-product, multi-vertical strategy has…

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