VELAN INC (VLN.CA) Fundamental Analysis & Valuation

TSX:VLN • CA9229321083

15.88 CAD
+0.13 (+0.83%)
Last: Mar 9, 2026, 07:00 PM
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This VLN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

VLN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 22 industry peers in the Machinery industry. VLN has an average financial health and profitability rating. VLN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. VLN.CA Profitability Analysis

1.1 Basic Checks

  • VLN had positive earnings in the past year.
  • VLN had a negative operating cash flow in the past year.
  • In the past 5 years VLN reported 4 times negative net income.
  • Of the past 5 years VLN 4 years had a positive operating cash flow.
VLN.CA Yearly Net Income VS EBIT VS OCF VS FCFVLN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M -40M -60M

1.2 Ratios

  • With an excellent Return On Assets value of 19.05%, VLN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • VLN has a better Return On Equity (35.16%) than 100.00% of its industry peers.
  • The Return On Invested Capital of VLN (3.11%) is better than 63.64% of its industry peers.
Industry RankSector Rank
ROA 19.05%
ROE 35.16%
ROIC 3.11%
ROA(3y)-10.25%
ROA(5y)-6.88%
ROE(3y)-38.58%
ROE(5y)-24.55%
ROIC(3y)N/A
ROIC(5y)N/A
VLN.CA Yearly ROA, ROE, ROICVLN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60

1.3 Margins

  • With an excellent Profit Margin value of 22.17%, VLN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • VLN has a better Operating Margin (3.51%) than 63.64% of its industry peers.
  • VLN's Operating Margin has improved in the last couple of years.
  • The Gross Margin of VLN (28.27%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of VLN has grown nicely.
Industry RankSector Rank
OM 3.51%
PM (TTM) 22.17%
GM 28.27%
OM growth 3Y-14.43%
OM growth 5Y51.1%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.03%
GM growth 5Y3.94%
VLN.CA Yearly Profit, Operating, Gross MarginsVLN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20 30

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5

2. VLN.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VLN is destroying value.
  • VLN has about the same amout of shares outstanding than it did 1 year ago.
  • VLN has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, VLN has an improved debt to assets ratio.
VLN.CA Yearly Shares OutstandingVLN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
VLN.CA Yearly Total Debt VS Total AssetsVLN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

2.2 Solvency

  • VLN has an Altman-Z score of 3.04. This indicates that VLN is financially healthy and has little risk of bankruptcy at the moment.
  • VLN's Altman-Z score of 3.04 is amongst the best of the industry. VLN outperforms 86.36% of its industry peers.
  • VLN has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • VLN has a Debt to Equity ratio of 0.18. This is in the better half of the industry: VLN outperforms 77.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 3.04
ROIC/WACC0.37
WACC8.32%
VLN.CA Yearly LT Debt VS Equity VS FCFVLN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 2.34 indicates that VLN has no problem at all paying its short term obligations.
  • VLN's Current ratio of 2.34 is fine compared to the rest of the industry. VLN outperforms 77.27% of its industry peers.
  • A Quick Ratio of 1.05 indicates that VLN should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.05, VLN is in line with its industry, outperforming 45.45% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.34
Quick Ratio 1.05
VLN.CA Yearly Current Assets VS Current LiabilitesVLN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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1

3. VLN.CA Growth Analysis

3.1 Past

  • VLN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 199.05%, which is quite impressive.
  • The Revenue for VLN has decreased by -27.66% in the past year. This is quite bad
  • The Revenue has been decreasing by -4.50% on average over the past years.
EPS 1Y (TTM)199.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%104.84%
Revenue 1Y (TTM)-27.66%
Revenue growth 3Y-10.46%
Revenue growth 5Y-4.5%
Sales Q2Q%-2.38%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
VLN.CA Yearly Revenue VS EstimatesVLN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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4

4. VLN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • VLN is valuated cheaply with a Price/Earnings ratio of 3.86.
  • 95.45% of the companies in the same industry are more expensive than VLN, based on the Price/Earnings ratio.
  • VLN is valuated cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.86
Fwd PE N/A
VLN.CA Price Earnings VS Forward Price EarningsVLN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • VLN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VLN is cheaper than 81.82% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 12.3
VLN.CA Per share dataVLN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10

4.3 Compensation for Growth

  • VLN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. VLN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.59%, VLN is a good candidate for dividend investing.
  • VLN's Dividend Yield is rather good when compared to the industry average which is at 0.75. VLN pays more dividend than 100.00% of the companies in the same industry.
  • VLN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.59%

5.2 History

  • The dividend of VLN decreases each year by -25.09%.
  • VLN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-25.09%
Div Incr Years0
Div Non Decr Years0
VLN.CA Yearly Dividends per shareVLN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2022 2023 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • VLN pays out 13.40% of its income as dividend. This is a sustainable payout ratio.
DP13.4%
EPS Next 2YN/A
EPS Next 3YN/A
VLN.CA Yearly Income VS Free CF VS DividendVLN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20M -40M -60M
VLN.CA Dividend Payout.VLN.CA Dividend Payout, showing the Payout Ratio.VLN.CA Dividend Payout.PayoutRetained Earnings

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VLN.CA Fundamentals: All Metrics, Ratios and Statistics

VELAN INC

TSX:VLN (3/9/2026, 7:00:00 PM)

15.88

+0.13 (+0.83%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)01-15
Earnings (Next)05-19
Inst Owners17.72%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap342.85M
Revenue(TTM)294.70M
Net Income(TTM)65.34M
Analysts0
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.59%
Yearly Dividend0.03
Dividend Growth(5Y)-25.09%
DP13.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 3.86
Fwd PE N/A
P/S 0.86
P/FCF N/A
P/OCF N/A
P/B 1.36
P/tB 1.41
EV/EBITDA 12.3
EPS(TTM)4.11
EY25.88%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-11.6
FCFYN/A
OCF(TTM)-11.19
OCFYN/A
SpS18.52
BVpS11.68
TBVpS11.28
PEG (NY)N/A
PEG (5Y)N/A
Graham Number32.86
Profitability
Industry RankSector Rank
ROA 19.05%
ROE 35.16%
ROCE 4.64%
ROIC 3.11%
ROICexc 3.68%
ROICexgc 3.8%
OM 3.51%
PM (TTM) 22.17%
GM 28.27%
FCFM N/A
ROA(3y)-10.25%
ROA(5y)-6.88%
ROE(3y)-38.58%
ROE(5y)-24.55%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y11.55%
ROICexgc growth 5Y80.85%
ROICexc growth 3Y11.36%
ROICexc growth 5Y80.71%
OM growth 3Y-14.43%
OM growth 5Y51.1%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.03%
GM growth 5Y3.94%
F-Score4
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Debt/EBITDA 1.76
Cap/Depr 70.29%
Cap/Sales 2.17%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.34
Quick Ratio 1.05
Altman-Z 3.04
F-Score4
WACC8.32%
ROIC/WACC0.37
Cap/Depr(3y)90.27%
Cap/Depr(5y)86.44%
Cap/Sales(3y)2.87%
Cap/Sales(5y)2.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)199.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%104.84%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-27.66%
Revenue growth 3Y-10.46%
Revenue growth 5Y-4.5%
Sales Q2Q%-2.38%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-57.26%
EBIT growth 3Y-23.38%
EBIT growth 5Y44.31%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4282.02%
FCF growth 3Y19.67%
FCF growth 5YN/A
OCF growth 1Y-5770.04%
OCF growth 3Y14.08%
OCF growth 5Y22.44%

VELAN INC / VLN.CA FAQ

Can you provide the ChartMill fundamental rating for VELAN INC?

ChartMill assigns a fundamental rating of 4 / 10 to VLN.CA.


What is the valuation status for VLN stock?

ChartMill assigns a valuation rating of 4 / 10 to VELAN INC (VLN.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for VELAN INC?

VELAN INC (VLN.CA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for VLN stock?

The Price/Earnings (PE) ratio for VELAN INC (VLN.CA) is 3.86 and the Price/Book (PB) ratio is 1.36.


Is the dividend of VELAN INC sustainable?

The dividend rating of VELAN INC (VLN.CA) is 6 / 10 and the dividend payout ratio is 13.4%.