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Covalon Technologies Ltd V.COV

Alternate Symbol(s):  CVALF

Covalon Technologies Ltd. is a patient-driven medical device company. Through a portfolio of patented technologies and solutions for advanced wound care, infection prevention, and medical device coatings, the Company offers gentler and more compassionate options for patients to heal with less infections, less pain, and better outcomes. Its solutions are designed for patients and made for care providers. It leverages its patented medical technology platforms and expertise in two ways: by developing products that are sold under Covalon’s name and by developing and commercializing medical products for other medical companies under development and license contracts. It provides a range of specialized medical devices, medical dressings and advanced medical technology designed for infection prevention, complex wound closure and perioperative care. Its perioperative care solutions provide antimicrobial protection of pre-operative skin, through postoperative incision care to scar prophylaxis.


TSXV:COV - Post by User

Bullboard Posts
Post by TheRock07on Aug 04, 2016 8:45am
141 Views
Post# 25109210

Current Fair Value

Current Fair ValueWith this new contract, the revenue run rate will be about $15 million per year, with net earnings in the $0.20 range.

With a solid balance sheet and very strong growth profile, peer multiples of 15 times net earnings would generate a fair value. Of about $3 per share.

This is very conservative as it does not include any revenues from the Medline distribution deal nor from the other distribution deals recently signed.

These will begin to generate additional revenues this quarter and could easily double the net earnings run rate ..
Bullboard Posts