Professional
Added to YB: 2024-07-29
Pitch date: 2024-07-28
PNG.V [bullish]
Kraken Robotics Inc.
+423.93%
current return
Author Info
Deep Sail Capital's strategy puts more emphasis on business models and growth potential than solely on valuations. They seek to understand in depth the industry dynamics of the companies we are invested in. The fund has three core investment focuses: quality, microcaps, and special situations. Follow on Twitter/X.
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 unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.
Market Cap
CAD 1.7B
Pitch Price
CAD 1.17
Price Target
5.74 (-6%)
Dividend
N/A
EV/EBITDA
76.61
P/E
92.26
EV/Sales
16.00
Sector
Electronic Equipment, Instruments and Components
Category
growth
Deep Sail Capital Partners Portfolio Holding: Kraken Robotics Inc.
PNG.V: Kraken Robotics, leader in marine tech w/ unique SEAPOWER batteries (6000m depth). $5.74 2026 PT (400% upside). Anduril partnership potential $600M/yr revenue. 2024 guidance $90-100M. Base case: 40 Dive-LD/yr, 5 Ghost Shark by 2026. Downside: 82% upside w/o Anduril. 13.9x 2024 EBITDA. Acquisition target.
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