Added to YB: 2025-12-29
Pitch date: 2025-12-26
ENW.V [bullish]
EnWave Corporation
-41.98%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries in Canada, the United States, and internationally.
Market Cap
CAD 29.7M
Pitch Price
CAD 0.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
518.88
P/E
-16.43
EV/Sales
2.11
Sector
Machinery
Category
growth
EnWave Corporation (CVE: ENW)
ENW.V: REV tech dries food faster (1-2h vs 15h freeze drying) w/ better quality. Revenue from machine sales ($2M large/$200k small) + growing royalty stream (18% of FY25 rev). Blue-chip customers: PepsiCo, Dole, Calbee across 25+ countries. Targeting breakeven 2026 selling 6 large + 4-6 small machines. TAM $8.6B by 2033. High-ROIC for customers, strong patents. Trading ~10x 2027 EBITDA; royalty biz could merit 20x multiple at scale.
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