Velan
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 318m | 352m | 372m | 302m | 411m | 370m | 347m |
% growth | - | 11 % | 6 % | (19 %) | 36 % | (10 %) | (6 %) |
EBITDA | (4.1m) | 7.1m | 17.1m | 11.8m | 54.4m | 35.0m | 19.9m |
% EBITDA margin | (1 %) | 2 % | 5 % | 4 % | 13 % | 9 % | 6 % |
Profit | (16.8m) | (4.7m) | (16.4m) | 2.9m | (21.1m) | (55.5m) | (19.7m) |
% profit margin | (5 %) | (1 %) | (4 %) | 1 % | (5 %) | (15 %) | (6 %) |
EV / revenue | 0.8x | 0.4x | 0.3x | 0.4x | 0.3x | 0.5x | 0.2x |
EV / EBITDA | -61.0x | 18.1x | 6.5x | 11.2x | 2.5x | 5.3x | 3.6x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
* | $500k | Post IPO Equity | |
* | $245m Valuation: $245m 0.6x EV/LTM Revenues 4.5x EV/LTM EBITDA | Acquisition | |
Total Funding | - |
Recent News about Velan
EditVelan Inc. is a global leader in the design and production of cast and forged severe service valves and steam traps, catering to a wide range of industrial applications. The company serves clients in sectors such as nuclear power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG cryogenics, and water and wastewater treatment. Velan's product portfolio includes bellows seal globe valves, high-performance cryogenic butterfly valves, triple offset valves, and high-capacity piston-operated steam traps, among others. The company operates on a business-to-business (B2B) model, primarily targeting large industrial clients who require reliable and high-performance valve solutions. Velan generates revenue through the sale of its specialized valves and steam traps, as well as through providing maintenance services, spare parts, and technical support. The company's commitment to quality and innovation is evident in its rigorous design, production, and testing processes, ensuring that its products meet the highest standards of performance and durability. Velan also engages in philanthropic activities through the Velan Foundation, contributing to various projects in Canada and overseas.
Keywords: severe service valves, steam traps, industrial applications, nuclear power, oil and gas, cryogenic butterfly valves, triple offset valves, high-capacity steam traps, B2B model, quality and innovation.