Added to YB: 2025-05-16
Pitch date: 2025-03-28
VLN.TO [bullish]
Velan Inc.
+16.79%
current return
Author Info
No bio for this author
Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products.
Market Cap
CAD 230.9M
Pitch Price
CAD 15.67
Price Target
28.00 (+53%)
Dividend
2.70%
EV/EBITDA
6.89
P/E
-4.89
EV/Sales
0.63
Sector
Machinery
Category
special_situation
Velan Inc. - $VLN.TO
VLN.TO: Industrial valve maker selling French unit for $200M, eliminating $150M asbestos liabilities, left with $67M net cash. Trading <5x EBITDA vs Flowserve's blocked 10x bid. New CEO, aging family owners (72% stake, 93% votes) signal likely sale. Strong nuclear/LNG positioning with valves in 90% of nuclear reactors globally.
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