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Velan Inc.

Industrials CA VLN

14.7CAD
0.30(2.08%)

Last update at 2025-06-30T18:24:00Z

Day Range

14.5114.70
LowHigh

52 Week Range

5.6617.54
LowHigh

Fundamentals

  • Previous Close 14.40
  • Market Cap302.20M
  • Volume2700
  • P/E Ratio-
  • Dividend Yield0.86%
  • EBITDA25.03M
  • Revenue TTM295.20M
  • Revenue Per Share TTM13.68
  • Gross Profit TTM 84.92M
  • Diluted EPS TTM-4.29

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28
Type yearly yearly yearly yearly yearly
Date 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28
Income before tax -47.41400M 36.18M 1.38M -8.05800M -7.69500M
Minority interest 0.00600M -10.88600M 3.14M 3.68M 4.05M
Net income -55.45900M -10.25500M 2.20M -16.60100M -5.39400M
Selling general administrative 85.53M 92.14M 79.29M 83.68M 93.06M
Selling and marketing expenses - - - - -
Gross profit 112.47M 134.97M 80.54M 88.13M 85.59M
Reconciled depreciation 10.74M 11.65M 12.48M 12.98M 13.57M
Ebit 24.28M 38.58M -0.65200M 4.12M -6.13500M
Ebitda 35.02M 54.43M 11.83M 17.10M 7.44M
Depreciation and amortization 10.74M 15.85M 12.48M 12.98M 13.57M
Non operating income net other - - - - -
Operating income 24.28M 38.58M -0.65200M 4.12M -6.13500M
Other operating expenses 346.62M 368.85M 303.75M 368.73M 373.87M
Interest expense 2.02M 2.79M 1.90M 2.61M 1.56M
Tax provision 8.04M 46.43M -0.82200M 8.54M -2.30100M
Interest income 0.47M 0.39M 1.04M 1.39M 0.69M
Net interest income -1.55200M -2.40000M -0.86600M -1.38900M -0.69500M
Extraordinary items - - - - 0.00000M
Non recurring - - - - -
Other items - - - - -
Income tax expense 8.04M 46.43M -0.82200M 8.54M -2.30100M
Total revenue 370.43M 411.24M 302.06M 371.62M 366.87M
Total operating expenses 88.65M 92.58M 82.23M 85.24M 92.59M
Cost of revenue 257.96M 276.27M 221.52M 283.49M 281.27M
Total other income expense net -71.69500M -2.40000M 2.03M -12.17500M -1.56000M
Discontinued operations - - - - -
Net income from continuing ops -55.45900M -10.25500M 2.20M -16.60100M -5.39400M
Net income applicable to common shares -55.45300M -21.14100M 2.87M -16.39000M -4.88200M
Preferred stock and other adjustments - - - - -
Breakdown 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28
Type yearly yearly yearly yearly yearly
Date 2025-02-28 2024-02-29 2023-02-28 2022-02-28 2021-02-28
Total assets 501.97M 479.39M 477.86M 508.43M 580.83M
Intangible assets 5.89M 8.08M 7.87M 7.91M 7.82M
Earning assets - - - - -
Other current assets - 10.55M 7.67M 7.43M 8.87M
Total liab 403.23M 296.13M 277.02M 242.92M 280.61M
Total stockholder equity 97.86M 182.18M 199.89M 264.82M 297.08M
Deferred long term liab - - - - -
Other current liab 111.36M 57.66M 59.13M 69.01M 85.19M
Common stock - 72.69M 72.69M 72.69M 72.69M
Capital stock 72.69M 72.69M 72.69M 72.69M 72.69M
Retained earnings 65.95M 141.91M 162.14M 218.00M 239.14M
Other liab - - - 54.24M 42.29M
Good will 0.00000M 8.46M 8.28M 8.79M 9.49M
Other assets - - 5.39M 5.67M 40.02M
Cash 34.87M 36.45M 50.51M 54.02M 74.69M
Cash and equivalents - - 50.51M 54.02M 74.69M
Total current liabilities 374.29M 160.39M 136.96M 154.68M 207.56M
Current deferred revenue - 30.40M 28.20M 41.34M 62.08M
Net debt - 4.97M -9.60100M -9.99400M 9.37M
Short term debt - 26.04M 9.73M 10.02M 23.21M
Short long term debt 3.94M 1.61M 8.44M 8.66M 21.64M
Short long term debt total - 41.42M 40.91M 44.02M 84.05M
Other stockholder equity - 6.26M 6.26M 6.26M 6.26M
Property plant equipment - - 68.20M 73.91M 96.33M
Total current assets 418.90M 387.01M 388.11M 412.16M 427.17M
Long term investments - - - - -
Net tangible assets - - - 248.13M 279.76M
Short term investments 0.36M 5.27M 0.04M 8.73M 0.28M
Net receivables 53.72M 126.05M 127.25M 118.79M 139.17M
Long term debt 14.11M 4.35M 21.72M 22.93M 12.65M
Inventory 134.97M 208.70M 202.65M 223.20M 204.16M
Accounts payable 30.07M 46.29M 39.90M 34.31M 37.08M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - -38.69200M -41.20800M -32.12600M -21.00700M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.72M 0.73M 0.72M 0.90M 6.88M
Deferred long term asset charges - - - - -
Non current assets total 83.06M 92.38M 89.74M 96.27M 153.66M
Capital lease obligations 6.82M 35.47M 10.76M 12.43M 49.77M
Long term debt total - - 31.18M 34.00M 60.84M
Breakdown 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28
Type yearly yearly yearly yearly yearly
Date 2023-02-28 2022-02-28 2021-02-28 2020-02-29 2019-02-28
Investments 1.76M -8.70800M 0.34M -11.67900M -8.11500M
Change to liabilities - 8.48M 21.94M 8.93M 2.47M
Total cashflows from investing activities 1.76M -0.02600M 2.90M -11.67900M -8.11500M
Net borrowings - -22.67600M 33.58M -4.14200M 1.50M
Total cash from financing activities -2.62000M -23.51900M 33.10M -6.30500M -2.52800M
Change to operating activities - -11.54100M -10.43000M 4.93M -7.75900M
Net income -55.45900M -10.25500M 2.20M -16.60100M -5.39400M
Change in cash -3.21200M -9.48800M 31.94M -9.85600M -23.67700M
Begin period cash flow 53.47M 62.95M 31.01M 40.87M 64.54M
End period cash flow 50.25M 53.47M 62.95M 31.01M 40.87M
Total cash from operating activities 0.52M 17.87M -9.09500M 9.64M -9.58700M
Issuance of capital stock - - - - -
Depreciation 10.74M 11.65M 12.48M 12.98M 13.57M
Other cashflows from investing activities 8.35M -0.19600M -0.27400M 0.10M 0.40M
Dividends paid 0.50M 0.00000M 0.48M 1.96M 3.10M
Change to inventory 14.23M -28.02000M -26.13000M -7.36000M 5.14M
Change to account receivables -9.83700M 11.08M 8.44M -1.25100M -0.14000M
Sale purchase of stock - - 0.00000M -0.20000M 0.00000M
Other cashflows from financing activities 3.93M 7.03M 40.33M 1.12M 4.16M
Change to netincome - 44.13M -17.41200M -1.06600M -6.96900M
Capital expenditures 6.59M 8.62M 10.90M 12.08M 8.65M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -11.57200M -17.02900M -7.21200M 14.12M -11.31100M
Stock based compensation - - -9.75500M -0.00900M 0.02M
Other non cash items 56.84M -2.12900M -10.26700M 0.92M -0.88500M
Free cash flow -6.06700M 9.25M -20.00000M -2.44100M -18.23800M

Peer Comparison

Sector: Industrials Industry: Specialty Industrial Machinery

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VLN
Velan Inc.		 0.30 2.08% 14.70 - - 1.02 2.25 0.71 7.72
ATS
ATS CORP		 0.02 0.05% 43.43 - 22.22 1.66 2.46 2.24 33.78
SIS
Savaria Corporation		 -0.14 0.71% 19.50 27.74 18.59 1.56 2.31 1.83 11.61
BLDP
Ballard Power Systems Inc		 0.17 8.46% 2.18 - - 8.53 0.67 0.98 -6.214
PYR
PyroGenesis Canada Inc.		 0.005 1.12% 0.45 - 243.90 5.79 25.32 7.48 -5.9159

Reports Covered

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Profile

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. It also provides bimetallic steam traps, trap stations, and manifolds; engineering solutions; cable drive actuators; and other products. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. The company was founded in 1950 and is headquartered in Montreal, Canada. Velan Inc. is a subsidiary of Velan Holding Co. Ltd.

Velan Inc.

7007 Cote de Liesse, Montreal, QC, Canada, H4T 1G2

Key Executives

Name Title Year Born
Mr. Bruno Carbonaro CEO, Pres, Acting Exec. VP, GM of Project & Director 1967
Ms. Sabine Bruckert Exec. VP of HR, Gen. Counsel & Corp. Sec. NA
Mr. John D. Ball Exec. VP of Global Fin. NA
Mr. Duke Tran Exec. VP & GM of Severe Service NA
Mr. Paul Poirier Chief Operations Officer of North America NA
Mr. A. Karel Velan Founder and Chairman Emeritus NA
Mr. Rishi Sharma Chief Financial Officer NA
Mr. Shane Velan Chief Information Officer NA
Mr. Daniel Velan Vice-Pres of Marketing NA
Mr. Paul Dion Sr. Vice-Pres of Sales, Process Industries NA

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