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Last C$18.46 CAD
Change Today +0.01 / 0.05%
Volume 1.3K
VLN On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

velan inc (VLN) Snapshot

Open
C$18.45
Previous Close
C$18.45
Day High
C$18.46
Day Low
C$18.44
52 Week High
04/29/15 - C$22.50
52 Week Low
08/19/14 - C$16.41
Market Cap
405.2M
Average Volume 10 Days
15.9K
EPS TTM
C$0.87
Shares Outstanding
6.4M
EX-Date
09/11/15
P/E TM
21.2x
Dividend
C$0.40
Dividend Yield
2.17%
Current Stock Chart for VELAN INC (VLN)

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velan inc (VLN) Details

Velan Inc. manufactures and sells industrial valves worldwide. It offers gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service. The company also provides quarter-turn valves, such as ball, metal-seated ball, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. In addition, it offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, ball, and cryogenic control valves; cast steel and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. Further, the company provides bimetallic steam and thermodynamic steam traps; and specialty valves and actuators for oil and gas, LNG, and petrochemical processes, as well as offers spare parts. It serves nuclear power, power, oil and gas refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater industries. Velan Inc. primarily sells its products through independent third party distributors and sales agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montréal, Canada. Velan Inc. is a subsidiary of Velan Holding Co. Ltd.

2,056 Employees
Last Reported Date: 07/15/15
Founded in 1950

velan inc (VLN) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$469.7K
Founder and Chairman Emeritus
Total Annual Compensation: C$338.2K
Chief Financial Officer
Total Annual Compensation: C$264.8K
Chief Operations Officer
Total Annual Compensation: C$271.9K
Executive Vice President
Total Annual Compensation: C$312.8K
Compensation as of Fiscal Year 2015.

velan inc (VLN) Key Developments

Velan Inc. Approves Appointment of Tom Velan as Director

Velan Inc. at its annual and special meeting of the shareholders held on July 9, 2015, approved the appointment of Tom Velan as Director.

Velan, Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended May 31, 2015

Velan, Inc. announced consolidated unaudited earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported sales of $103.2 million against $103.1 million a year ago. Net income attributable to multiple and subordinate voting shares was $3.1 million against $4 million a year ago. Basic and diluted per share was $0.14 against $0.18 per share a year ago. The $0.9 million decrease in net earnings is primarily attributable to a lower gross profit percentage partially offset by decreased administration costs.

Velan, Inc. Declares Quarterly Dividend, Payable on September 30, 2015

The Board of Velan, Inc. declared an eligible quarterly dividend of CAD 0.10 per share, payable on September 30, 2015, to all shareholders of record as at September 15, 2015.

 

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Industry Analysis

VLN

Industry Average

Valuation VLN Industry Range
Price/Earnings 17.6x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 5.1x
TEV/Sales NM Not Meaningful
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