Added to YB: 2025-05-16
Pitch date: 2025-03-28
VLN.TO [bullish]
Velan Inc.
+4.03%
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, 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 213.7M
Pitch Price
CAD 15.67
Price Target
28.00 (+72%)
Dividend
0.81%
EV/EBITDA
4.02
P/E
-4.45
EV/Sales
0.53
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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