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Added to YB: 2025-03-19

Pitch date: 2025-03-17

VLN.TO [neutral]

Velan Inc.

+28.58%

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 14.23

Price Target

N/A

Dividend

2.70%

EV/EBITDA

6.89

P/E

-4.89

EV/Sales

0.63

Sector

Machinery

Category

value

Show full summary:
Monday Delight: 17/03/25 - Velan Inc.

VLN.TO (overview): Industrial valve maker for critical infra, 90% oil refinery use. Strong nuclear reactor brand. Recurring revenue from growing installed base. Resolved asbestos liabilities in 2025. Attractive valuation: P/B 1.8, EV/EBITDA 3.9, P/FCF 9.1. CAD 292.9M market cap, CAD 277.7M EV.

Read full article (1 min)