Velan Inc. (TSX:VLN)

Velan Statistics

Total Valuation

Velan has a market cap or net worth of CAD 344.94 million. The enterprise value is 344.17 million.

Market Cap	344.94M
Enterprise Value	344.17M

Important Dates

The next estimated earnings date is Thursday, May 21, 2026.

Earnings Date	May 21, 2026
Ex-Dividend Date	Nov 13, 2025

Share Statistics

Velan has 21.59 million shares outstanding.

Current Share Class	6.02M
Shares Outstanding	21.59M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	7.56%
Owned by Institutions (%)	7.37%
Float	4.39M

Valuation Ratios

The trailing PE ratio is 79.47.

PE Ratio	79.47
Forward PE	n/a
PS Ratio	0.84
PB Ratio	1.32
P/TBV Ratio	1.38
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.37, with an EV/FCF ratio of -1.35.

EV / Earnings	3.77
EV / Sales	0.84
EV / EBITDA	12.37
EV / EBIT	22.34
EV / FCF	-1.35

Financial Position

The company has a current ratio of 2.34, with a Debt / Equity ratio of 0.21.

Current Ratio	2.34
Quick Ratio	1.04
Debt / Equity	0.21
Debt / EBITDA	1.99
Debt / FCF	-0.22
Interest Coverage	82.29

Financial Efficiency

Return on equity (ROE) is 1.93% and return on invested capital (ROIC) is 6.36%.

Return on Equity (ROE)	1.93%
Return on Assets (ROA)	1.62%
Return on Invested Capital (ROIC)	6.36%
Return on Capital Employed (ROCE)	4.94%
Weighted Average Cost of Capital (WACC)	4.78%
Revenue Per Employee	320,897
Profits Per Employee	71,151
Employee Count	1,283
Asset Turnover	0.69
Inventory Turnover	1.37

Taxes

Income Tax	-25.20M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +5.90% in the last 52 weeks. The beta is 0.23, so Velan's price volatility has been lower than the market average.

Beta (5Y)	0.23
52-Week Price Change	+5.90%
50-Day Moving Average	16.87
200-Day Moving Average	15.96
Relative Strength Index (RSI)	53.70
Average Volume (20 Days)	9,299

Short Selling Information

The latest short interest is 22, so 0.00% of the outstanding shares have been sold short.

Short Interest	22
Short Previous Month	57
Short % of Shares Out	0.00%
Short % of Float	0.00%
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Velan had revenue of CAD 411.71 million and earned 91.29 million in profits. Earnings per share was 4.23.

Revenue	411.71M
Gross Profit	116.39M
Operating Income	15.41M
Pretax Income	-21.12M
Net Income	91.29M
EBITDA	25.14M
EBIT	15.41M
Earnings Per Share (EPS)	4.23

Balance Sheet

The company has 57.09 million in cash and 55.28 million in debt, with a net cash position of 1.81 million or 0.08 per share.

Cash & Cash Equivalents	57.09M
Total Debt	55.28M
Net Cash	1.81M
Net Cash Per Share	0.08
Equity (Book Value)	260.64M
Book Value Per Share	12.03
Working Capital	224.07M

Cash Flow

In the last 12 months, operating cash flow was -248.03 million and capital expenditures -6.38 million, giving a free cash flow of -254.41 million.

Operating Cash Flow	-248.03M
Capital Expenditures	-6.38M
Free Cash Flow	-254.41M
FCF Per Share	-11.79

Margins

Gross margin is 28.27%, with operating and profit margins of 3.74% and 22.17%.

Gross Margin	28.27%
Operating Margin	3.74%
Pretax Margin	-5.13%
Profit Margin	22.17%
EBITDA Margin	6.11%
EBIT Margin	3.74%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.40, which amounts to a dividend yield of 2.55%.

Dividend Per Share	0.40
Dividend Yield	2.55%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	1
Payout Ratio	13.40%
Buyback Yield	n/a
Shareholder Yield	2.55%
Earnings Yield	26.46%
FCF Yield	-73.75%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Velan has an Altman Z-Score of 2.97 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.97
Piotroski F-Score	5