Added to YB: 2024-08-09
Pitch date: 2024-08-08
VLN.TO [bullish]
Velan Inc.
+180.78%
current return
Author Info
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Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
Market Cap
CAD 240.8M
Pitch Price
CAD 5.93
Price Target
13.00 (-22%)
Dividend
0.72%
Sector
Machinery
Category
turnaround
Velan, a turnaround play with potential for acquisition
VLN.TO: Leading industrial valve maker, strong in nuclear sector (2/3 global market). Turnaround play w/ acquisition potential. New CEO, improving backlog/sales. $13 PT. Risks: litigation, contract dependence. Upside: nuclear growth, emerging markets, renewables. 72% family-controlled, previous sale interest from 101 buyers.
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