Added to YB: 2026-03-19
Pitch date: 2026-03-17
PNG.V [bullish]
Kraken Robotics Inc.
-31.76%
current return
Author Info
No bio for this author
Company Info
Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for military and commercial applications.
Market Cap
CAD 2.5B
Pitch Price
CAD 10.20
Price Target
20.10 (+182%)
Dividend
N/A
EV/EBITDA
112.86
P/E
-3.6K
EV/Sales
22.86
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Kraken Robotics: Becoming a One-Stop Subsea Shop
PNG.V: Acquired Covelya Group for 9.7x 2025E adj EBITDA ($63M midpoint), scaling combined rev 2.15x to $365M (Kraken $103M + Covelya $262M). Deal accretive on rev, EBITDA, CFPS, EPS; low-mid double-digit EPS accretion in 2027E after $10M synergies. 0.8x pro forma net leverage. If market re-rates to pre-deal 18x NTM P/S, implies ~100%+ upside from current $3B mkt cap to $6.57B target despite 18-22% dilution.
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