Added to YB: 2025-03-21
Pitch date: 2025-03-20
VLN.TO [bullish]
Velan Inc.
-8.97%
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 220.3M
Pitch Price
CAD 15.82
Price Target
N/A
Dividend
0.78%
Sector
Machinery
Category
special_situation
Velan Inc. TSX:VLN – All polished up and ready for sale
VLN.TO: Valve maker trading ~$300M post-French div sale & asbestos liability removal. Strong position in refining, LNG, nuclear. Best year since 2022. Family (72% owner) likely wants full sale. Remaining biz could be worth more to strategic buyer. Pro-forma $66.6M net cash, 30%+ margins.
Read full article (32 min)