Added to YB: 2026-03-05
Pitch date: 2026-03-03
BYL.TO [neutral]
Baylin Technologies Inc.
Author Info
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Company Info
Baylin Technologies Inc., together with its subsidiaries, researches, designs, develops, manufactures, and sells passive and active radio frequency (RF) products, satellite communications products, and supporting services.
Market Cap
CAD 42.8M
Pitch Price
CAD 0.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
39.24
P/E
-6.00
EV/Sales
0.89
Sector
Electronic Equipment, Instruments and Components
Category
growth
CASH FLOW IS SET TO TRIPLE BUT THE STOCK IS FLAT
BYL.TO: Acquired Kaelus AB for $42M (4.5x EBITDA), tripling 2026 EBITDA to ~$27M vs $9M pre-deal. Complementary RF/antenna businesses w/ minimal overlap: Baylin in N.America (AT&T/Verizon), Kaelus in EU/Asia (T-Mobile only US customer). Post-acquisition EV/EBITDA ~4x. Risks: EU regulatory approval for Kaelus military segment, tariff uncertainty, potential overhang from 52M shares becoming free-trading in 9-24 months. Company stabilized after shedding Samsung-dependent mobile unit (50% rev at peak). Net debt ~$30M post-refinancing.
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