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Added to YB: 2026-01-19

Pitch date: 2026-01-16

VLN.TO [neutral]

Velan Inc.

+5.44%

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 213.7M

Pitch Price

CAD 14.71

Price Target

N/A

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. TSX:VLN (family shares) were all polished up and ready for sale..

VLN.TO (exited position): Family sold 72% control to Birch Hill at C$13.10/share (52-week low) despite improving nuclear/LNG fundamentals & recent Ontario nuclear & SMR contracts. Misaligned incentives post-deal - mgmt/board now favor PE buyer over minorities. Risk of future take-under at Birch Hill's timing.

Read full article (2 min)