Added to YB: 2026-10-13
Pitch date: 2026-10-09
PNG.V [neutral]
Kraken Robotics Inc.
-11.56%
current return
Author Info
Oakridge Capital Research provides systematic equity research powered by data, code & discipline. Sign up for the newsletter.
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 4.50
Price Target
9.07 (+128%)
Dividend
N/A
EV/EBITDA
99.35
P/E
-183.66
EV/Sales
14.90
Sector
Electronic Equipment, Instruments and Components
Category
N/A
Kraken Robotics: A Great Future Tale Is Not Necessarily a Great Investment
PNG.V (pass): Kraken Robotics is a credible subsea-systems franchise, but at C$4.72 it still trades around 16x trailing sales and 25x the midpoint of 2026 adjusted EBITDA guidance despite a 56% drawdown. The C$615M Covelya deal nearly doubled revenue guidance, yet Q2 produced a C$7.5M net loss and first-half operations consumed C$16M; with no dividend, the valuation depends on integration, second-half execution and converting forecasts into cash.
Read full article (4 min)