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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

Show full summary:
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.

Read full article (6 min)