Velan Inc
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and… Read more
Velan Inc (VLNSF) - Net Assets
Latest net assets as of November 2025: $185.96 Million USD
Based on the latest financial reports, Velan Inc (VLNSF) has net assets worth $185.96 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($341.96 Million) and total liabilities ($156.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $185.96 Million |
| % of Total Assets | 54.38% |
| Annual Growth Rate | 0.05% |
| 5-Year Change | -67.11% |
| 10-Year Change | -70.36% |
| Growth Volatility | 14.61 |
Velan Inc - Net Assets Trend (1997–2025)
This chart illustrates how Velan Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Velan Inc (1997–2025)
The table below shows the annual net assets of Velan Inc from 1997 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $98.74 Million | -46.12% |
| 2024-02-29 | $183.26 Million | -8.75% |
| 2023-02-28 | $200.84 Million | -24.36% |
| 2022-02-28 | $265.51 Million | -11.56% |
| 2021-02-28 | $300.22 Million | +5.39% |
| 2020-02-29 | $284.86 Million | -7.76% |
| 2019-02-28 | $308.83 Million | -3.97% |
| 2018-02-28 | $321.62 Million | -3.10% |
| 2017-02-28 | $331.91 Million | -0.36% |
| 2016-02-29 | $333.12 Million | -3.47% |
| 2015-02-28 | $345.09 Million | -3.91% |
| 2014-02-28 | $359.12 Million | +9.43% |
| 2013-02-28 | $328.17 Million | -2.21% |
| 2012-02-29 | $335.58 Million | -4.50% |
| 2011-02-28 | $351.38 Million | +5.42% |
| 2010-02-28 | $333.30 Million | +30.48% |
| 2009-02-28 | $255.44 Million | -9.90% |
| 2008-02-29 | $283.51 Million | +14.80% |
| 2007-02-28 | $246.96 Million | +12.31% |
| 2006-02-28 | $219.90 Million | +16.14% |
| 2005-02-28 | $189.34 Million | +3.57% |
| 2004-02-29 | $182.81 Million | -2.59% |
| 2003-02-28 | $187.66 Million | +13.35% |
| 2002-02-28 | $165.57 Million | +1.66% |
| 2001-02-28 | $162.86 Million | +5.87% |
| 2000-02-29 | $153.83 Million | +9.26% |
| 1999-02-28 | $140.79 Million | +22.44% |
| 1998-02-28 | $114.99 Million | +18.10% |
| 1997-02-28 | $97.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Velan Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 428.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $65.95 Million | 67.39% |
| Common Stock | $72.69 Million | 74.28% |
| Other Comprehensive Income | $-47.14 Million | -48.17% |
| Other Components | $6.36 Million | 6.49% |
| Total Equity | $97.86 Million | 100.00% |
Velan Inc Competitors by Market Cap
The table below lists competitors of Velan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Namyong Terminal PCL
BK:NYT
|
$50.46 Million |
|
Akenerji Elektrik Uretim AS
IS:AKENR
|
$50.47 Million |
|
SynAct Pharma AB
ST:SYNACT
|
$50.48 Million |
|
Kyungbangco.Ltd
KO:000050
|
$50.48 Million |
|
Minaurum Gold Inc
OTCQX:MMRGF
|
$50.45 Million |
|
First Hotel Co Ltd
TW:2706
|
$50.43 Million |
|
Wonbang Tech Co. Ltd.
KQ:053080
|
$50.42 Million |
|
Sir Royalty Income Fund
PINK:SIRZF
|
$50.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Velan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 182,177,000 to 97,861,000, a change of -84,316,000 (-46.3%).
- Net loss of 75,500,000 reduced equity.
- Dividend payments of 462,000 reduced retained earnings.
- Other comprehensive income decreased equity by 8,449,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-75.50 Million | -77.15% |
| Dividends Paid | $462.00K | -0.47% |
| Other Comprehensive Income | $-8.45 Million | -8.63% |
| Other Changes | $95.00K | +0.1% |
| Total Change | $- | -46.28% |
Book Value vs Market Value Analysis
This analysis compares Velan Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.54x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.07x to 2.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-02-28 | $3.74 | $11.50 | x |
| 1998-02-28 | $5.08 | $11.50 | x |
| 1999-02-28 | $6.21 | $11.50 | x |
| 2000-02-29 | $6.79 | $11.50 | x |
| 2001-02-28 | $7.20 | $11.50 | x |
| 2002-02-28 | $7.40 | $11.50 | x |
| 2003-02-28 | $8.35 | $11.50 | x |
| 2004-02-29 | $8.14 | $11.50 | x |
| 2005-02-28 | $8.40 | $11.50 | x |
| 2006-02-28 | $9.67 | $11.50 | x |
| 2007-02-28 | $10.75 | $11.50 | x |
| 2008-02-29 | $12.26 | $11.50 | x |
| 2010-02-28 | $14.74 | $11.50 | x |
| 2011-02-28 | $15.68 | $11.50 | x |
| 2012-02-29 | $14.74 | $11.50 | x |
| 2013-02-28 | $14.50 | $11.50 | x |
| 2014-02-28 | $16.05 | $11.50 | x |
| 2015-02-28 | $15.42 | $11.50 | x |
| 2016-02-29 | $14.98 | $11.50 | x |
| 2017-02-28 | $14.98 | $11.50 | x |
| 2018-02-28 | $14.60 | $11.50 | x |
| 2019-02-28 | $14.10 | $11.50 | x |
| 2020-02-29 | $13.01 | $11.50 | x |
| 2021-02-28 | $13.76 | $11.50 | x |
| 2022-02-28 | $12.27 | $11.50 | x |
| 2023-02-28 | $9.26 | $11.50 | x |
| 2024-02-29 | $8.44 | $11.50 | x |
| 2025-02-28 | $4.53 | $11.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Velan Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -77.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.58%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 5.13x
- Recent ROE (-77.15%) is below the historical average (0.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 21.54% | 11.64% | 1.17x | 1.59x | $11.23 Million |
| 1998 | 20.42% | 12.02% | 1.11x | 1.53x | $11.98 Million |
| 1999 | 18.88% | 12.71% | 1.05x | 1.41x | $12.51 Million |
| 2000 | 13.75% | 9.85% | 1.03x | 1.35x | $5.76 Million |
| 2001 | 12.52% | 9.75% | 1.02x | 1.26x | $4.11 Million |
| 2002 | 7.10% | 6.23% | 0.90x | 1.26x | $-4.80 Million |
| 2003 | 2.89% | 2.61% | 0.89x | 1.24x | $-13.27 Million |
| 2004 | -1.16% | -1.09% | 0.82x | 1.30x | $-20.26 Million |
| 2005 | 0.23% | 0.17% | 0.97x | 1.40x | $-18.32 Million |
| 2006 | 2.43% | 1.60% | 1.04x | 1.46x | $-16.35 Million |
| 2007 | 7.17% | 4.40% | 1.02x | 1.60x | $-6.78 Million |
| 2008 | 4.59% | 2.65% | 1.00x | 1.73x | $-14.81 Million |
| 2009 | 18.87% | 18.89% | 0.65x | 1.55x | $22.48 Million |
| 2010 | 10.26% | 7.62% | 0.91x | 1.48x | $860.62K |
| 2011 | 1.71% | 1.50% | 0.75x | 1.53x | $-28.89 Million |
| 2012 | 2.41% | 1.81% | 0.73x | 1.84x | $-24.84 Million |
| 2013 | 1.93% | 1.23% | 0.81x | 1.94x | $-25.78 Million |
| 2014 | 8.35% | 6.01% | 0.78x | 1.77x | $-5.81 Million |
| 2015 | 5.49% | 4.08% | 0.82x | 1.65x | $-15.28 Million |
| 2016 | 1.11% | 0.85% | 0.83x | 1.57x | $-29.12 Million |
| 2017 | 2.38% | 2.33% | 0.64x | 1.60x | $-24.80 Million |
| 2018 | -5.97% | -5.58% | 0.63x | 1.71x | $-50.48 Million |
| 2019 | -1.60% | -1.33% | 0.70x | 1.72x | $-35.36 Million |
| 2020 | -5.83% | -4.41% | 0.69x | 1.92x | $-44.51 Million |
| 2021 | 0.97% | 0.95% | 0.52x | 1.96x | $-26.84 Million |
| 2022 | -7.98% | -5.14% | 0.81x | 1.92x | $-47.62 Million |
| 2023 | -27.74% | -14.97% | 0.78x | 2.39x | $-75.44 Million |
| 2024 | -10.83% | -5.69% | 0.72x | 2.63x | $-37.95 Million |
| 2025 | -77.15% | -25.58% | 0.59x | 5.13x | $-85.29 Million |
Industry Comparison
This section compares Velan Inc's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Velan Inc (VLNSF) | $185.96 Million | 21.54% | 0.84x | $50.46 Million |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |