Added to YB: 2026-10-06
Pitch date: 2026-09-29
PNG.V [neutral]
Kraken Robotics Inc.
-4.56%
current return
Author Info
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Company Info
Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for military and commercial applications.
Market Cap
CAD 1.7B
Pitch Price
CAD 4.17
Price Target
5.56 (+40%)
Dividend
N/A
EV/EBITDA
99.35
P/E
-183.66
EV/Sales
14.90
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Kraken Robotics: Is a 50%+ Drawdown a Buying Opportunity?
PNG.V (monitor): Covelya broadens Kraken’s undersea offering from sonar and batteries into navigation, communications and positioning, but integration and cash conversion remain unproven. At C$4.57, using 371.4 million shares and illustrative C$28 million net debt, EV is roughly 24.6x midpoint 2026 adjusted EBITDA guidance; a probability-weighted C$5.56 value offers 22% upside but ignores future dilution and net-debt changes. A 2% starter would be considered only after credible combined results and a stock-price base.
Read full article (9 min)