Added to YB: 2025-01-21
Pitch date: 2025-01-21
VLN.TO [neutral]
Velan Inc.
+10.51%
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; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products.
Market Cap
CAD 230.9M
Pitch Price
CAD 16.56
Price Target
N/A
Dividend
2.70%
EV/EBITDA
6.89
P/E
-4.89
EV/Sales
0.63
Sector
Machinery
Category
turnaround
Velan Inc. ($VLN.TO) FINS Review
VLN.TO (3 stars - watchlist): Industrial valve maker. Q3 rev +17.5% to $73.4M, GM 38.6% vs 13.1% YoY. YTD rev +19.5%, GM 30.7%. $81.3M restructuring costs from asbestos litigation. Strategic initiatives pending. At $18, trades 0.75x rev, 11x normalized earnings. Watchlist-worthy due to execution risk and historical volatility.
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