Velan Inc. (TSX:VLN)

Velan Statistics

Total Valuation

Velan has a market cap or net worth of CAD 335.66 million. The enterprise value is 334.91 million.

Market Cap	335.66M
Enterprise Value	334.91M

Important Dates

The last earnings date was Thursday, May 14, 2026.

Earnings Date	May 14, 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)	-0.86%
Owned by Insiders (%)	7.56%
Owned by Institutions (%)	8.31%
Float	4.39M

Valuation Ratios

The trailing PE ratio is 16.08.

PE Ratio	16.08
Forward PE	n/a
PS Ratio	0.83
PB Ratio	1.35
P/TBV Ratio	1.39
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.14, with an EV/FCF ratio of -1.48.

EV / Earnings	3.32
EV / Sales	0.83
EV / EBITDA	12.14
EV / EBIT	21.83
EV / FCF	-1.48

Financial Position

The company has a current ratio of 2.13, with a Debt / Equity ratio of 0.20.

Current Ratio	2.13
Quick Ratio	1.03
Debt / Equity	0.20
Debt / EBITDA	1.76
Debt / FCF	-0.22
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 10.72% and return on invested capital (ROIC) is 6.50%.

Return on Equity (ROE)	10.72%
Return on Assets (ROA)	1.66%
Return on Invested Capital (ROIC)	6.50%
Return on Capital Employed (ROCE)	5.30%
Weighted Average Cost of Capital (WACC)	4.41%
Revenue Per Employee	315,042
Profits Per Employee	78,556
Employee Count	1,283
Asset Turnover	0.70
Inventory Turnover	1.53

Taxes

Income Tax	-20.53M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +3.67% in the last 52 weeks. The beta is 0.15, so Velan's price volatility has been lower than the market average.

Beta (5Y)	0.15
52-Week Price Change	+3.67%
50-Day Moving Average	15.64
200-Day Moving Average	16.13
Relative Strength Index (RSI)	50.19
Average Volume (20 Days)	3,029

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 404.20 million and earned 100.79 million in profits. Earnings per share was 4.67.

Revenue	404.20M
Gross Profit	110.58M
Operating Income	15.34M
Pretax Income	9,546
Net Income	100.79M
EBITDA	27.59M
EBIT	15.34M
Earnings Per Share (EPS)	4.67

Balance Sheet

The company has 77.81 million in cash and 48.61 million in debt, with a net cash position of 29.20 million or 1.35 per share.

Cash & Cash Equivalents	77.81M
Total Debt	48.61M
Net Cash	29.20M
Net Cash Per Share	1.35
Equity (Book Value)	248.33M
Book Value Per Share	11.50
Working Capital	205.86M

Cash Flow

In the last 12 months, operating cash flow was -218.37 million and capital expenditures -7.55 million, giving a free cash flow of -225.92 million.

Operating Cash Flow	-218.37M
Capital Expenditures	-7.55M
Depreciation & Amortization	12.44M
Net Borrowing	-304,509
Free Cash Flow	-225.92M
FCF Per Share	-10.47

Margins

Gross margin is 27.36%, with operating and profit margins of 3.79% and 24.94%.

Gross Margin	27.36%
Operating Margin	3.79%
Pretax Margin	0.00%
Profit Margin	24.94%
EBITDA Margin	6.83%
EBIT Margin	3.79%
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of 0.53, which amounts to a dividend yield of 3.41%.

Dividend Per Share	0.53
Dividend Yield	3.41%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	1
Payout Ratio	11.22%
Buyback Yield	n/a
Shareholder Yield	3.41%
Earnings Yield	30.03%
FCF Yield	-67.31%

Fair Value

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

Lynch Fair Value
Lynch Upside
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

Altman Z-Score	n/a
Piotroski F-Score	2