Company Valuation: Velan Inc.

Data adjusted to current consolidation scope
Fiscal Period: February 2021 2022 2023 2024 2025 2026
Market Cap 1 132.6 164.6 202.1 82.07 224.4 253.3
Change - 24.13% 22.82% -59.4% 173.39% 12.88%
Enterprise Value (EV) 1 133 139 184.9 71.35 210.3 231.9
Change - 4.5% 33.07% -61.42% 194.77% 10.24%
P/E 46.2x -7.78x -3.64x -4.16x -2.97x 3.43x
PBR 0.45x 0.62x 1.01x 0.45x 2.29x 1.4x
PEG - 0x -0x 0.1x -0x -0x
Capitalization / Revenue 0.44x 0.4x 0.55x 0.24x 0.76x 0.85x
EV / Revenue 0.44x 0.34x 0.5x 0.21x 0.71x 0.78x
EV / EBITDA 22.8x 2.79x 5.97x 4.13x 8.4x 12.4x
EV / EBIT -29.1x 3.44x 8.29x 8.63x 11.6x 20.6x
EV / FCF -11x 7.6x 15x 13.9x 1.05x -2.56x
FCF Yield -9.05% 13.2% 6.66% 7.2% 95.3% -39%
Dividend per Share 2 - - - 0.02 0.02 0.1687
Rate of return - - - 0.53% 0.19% 1.44%
EPS 2 0.1328 -0.9794 -2.569 -0.9144 -3.498 3.424
Distribution rate - - - -2.19% -0.57% 4.93%
Net sales 1 302.1 411.2 370.4 346.8 295.2 296.4
EBITDA 1 5.836 49.85 31 17.3 25.03 18.7
EBIT 1 -4.566 40.34 22.3 8.27 18.15 11.25
Net income 1 2.867 -21.14 -55.45 -19.74 -75.5 73.91
Net Debt 1 0.41 -25.6 -17.2 -10.72 -14.04 -21.42
Reference price 2 6.14 7.62 9.36 3.80 10.39 11.73
Nbr of stocks (in thousands) 21,586 21,586 21,586 21,586 21,586 21,586
Announcement Date 5/19/21 5/18/22 5/17/23 5/17/24 5/22/25 5/14/26
1USD in Million2USD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 270M
28.71x5.13x18.74x0.91% 113B
30.65x4.8x18.3x1.74% 88.48B
31.23x3.54x20.45x0.67% 67.95B
41.57x6.5x28.65x1.85% 60.69B
30.53x6.17x18.06x-.--% 44.37B
22.85x1.96x14.14x2.06% 33.25B
23.49x4.49x15.49x2.54% 33.11B
23.06x4.24x16x0.1% 31.43B
22.3x3.23x13.91x1.05% 26.94B
Average 28.27x 4.45x 18.19x 1.21% 49.9B
Weighted average by Cap. 29.69x 4.70x 19.08x 1.2%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Velan Inc.

Historical PBR trend

Valuation ratios - PBR - Velan Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Velan Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Velan Inc.

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