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Covalon Technologies Ltd. (COV.V)

CAD2.05 +0.00 (+0.00%)
CA TSXV Healthcare Biotechnology
Address 1660 Tech Avenue L4W 5S7
Mississauga, ON, CA
CEO Brent Ashton
IPO 2007-10-25
ISIN CA22282D3022

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Also trades on Other OTC · CVALF (USD) Toronto Stock Exchange Ventures · COV.V (CAD)
Description

Covalon Technologies Ltd., a Canadian company based in Mississauga, innovates, develops, manufactures, and commercializes medical technologies and products globally. Its operations span major international markets, including North America, Europe, the Middle East, Asia, and Latin America, with licensing agreements in place. The company leverages three distinct proprietary technology platforms. Firstly, its collagen matrix platform underpins a family of products aimed at treating a variety of chronic and infected wounds, such as diabetic, pressure, and venous ulcers, as well as donor and graft sites, traumatic injuries healing by secondary intention, dehisced surgical wounds, and first- and second-degree burns. Secondly, an antimicrobial silicone adhesive platform is incorporated into pre- and post-surgical and vascular access products; these are specifically engineered to provide broad-spectrum antimicrobial protection by eliminating bacteria or yeast on contact. Thirdly, a unique medical coating platform employs a proprietary photo-polymerization process to generate active grafting sites, enabling the initiation and growth of new polymer chains directly on existing medical devices. Covalon's product portfolio, branded under "Covalon," encompasses advanced wound care dressings, surgical and peri-operative solutions, and infection management tools. These offerings reach a diverse clientele, including hospitals, specialized wound and burn centers, acute and long-term care facilities, home health care agencies, and physicians' offices, via a combination of direct sales and extensive third-party distribution networks.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD2.05 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
10.5K
Beta
0.01
Float Shares
14.59M
Free Float %
52.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+6.16% +8.74% +14.87% +17.89% +19.15% +28.74% -15.47% +4.67% +50.34% +88.24% -53.33%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.05
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.89
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    +5.3% Q1'26: +15.0% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    -32.9% Q1'26: +155.8% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    +3.5% Q1'26: -15.2% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    +6.3% Q1'26: +10.5% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    +13.2% Q1'26: +27.8% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +15.0% Q1'26: -0.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    0.75× Q1'26: 0.38× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.02) × ERP
WACC = 97% × Ke + 3% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
1 Rev. Ana.
1 EPS Ana.
Sep 2027
1 Rev. Ana.
1 EPS Ana.
Sep 2028
1 Rev. Ana.
1 EPS Ana.
Sep 2029
1 Rev. Ana.
1 EPS Ana.
Sep 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
19.56M
est: 50.00M (-60.9%)
18.15M
est: 68.90M (-73.7%)
26.60M
est: 73.70M (-63.9%)
31.17M
est: 32.12M (-3.0%)
32.82M
est: 36.00M (-8.8%)
35.18M
35.18M – 35.18M
-2.3% YoY
39.90M
39.90M – 39.90M
+13.4% YoY
42.88M
42.88M – 42.88M
+7.5% YoY
45.79M
45.79M – 45.79M
+6.8% YoY
48.94M
48.94M – 48.94M
+6.9% YoY
EBITDA
1.54M
est: -6.58M (+123.4%)
-8.11M
est: -9.07M (+10.6%)
-3.56M
est: -9.70M (+63.3%)
3.14M
est: -1.99M (+257.8%)
3.01M
est: -2.23M (+235.2%)
-2.18M
-2.18M – -2.18M
+2.3% YoY
-2.47M
-2.47M – -2.47M
-13.4% YoY
-2.65M
-2.65M – -2.65M
-7.5% YoY
-2.84M
-2.84M – -2.84M
-6.8% YoY
-3.03M
-3.03M – -3.03M
-6.9% YoY
EBIT
838.3K
est: -8.49M (+109.9%)
-9.14M
est: -11.69M (+21.8%)
-4.53M
est: -12.51M (+63.8%)
2.15M
est: -3.21M (+167.0%)
2.06M
est: -3.60M (+157.2%)
-3.51M
-3.51M – -3.51M
+2.3% YoY
-3.99M
-3.99M – -3.99M
-13.4% YoY
-4.28M
-4.28M – -4.28M
-7.5% YoY
-4.57M
-4.57M – -4.57M
-6.8% YoY
-4.89M
-4.89M – -4.89M
-6.9% YoY
Net Income
23.48M
est: 558.0K (+4,107.5%)
-9.66M
est: 8.37M (-215.5%)
-4.46M
est: 10.60M (-142.1%)
2.67M
est: 3.63M (-26.4%)
2.06M
est: 279.0K (+637.7%)
2.51M
2.51M – 2.51M
+800.0% YoY
3.35M
3.35M – 3.35M
+33.3% YoY
4.18M
4.18M – 4.18M
+25.0% YoY
5.02M
5.02M – 5.02M
+20.0% YoY
5.86M
5.86M – 5.86M
+16.7% YoY
SGA
6.72M
est: 27.32M (-75.4%)
13.48M
est: 37.65M (-64.2%)
15.57M
est: 40.28M (-61.3%)
13.21M
est: 15.89M (-16.9%)
12.42M
est: 17.81M (-30.3%)
17.41M
17.41M – 17.41M
-2.3% YoY
19.75M
19.75M – 19.75M
+13.4% YoY
21.22M
21.22M – 21.22M
+7.5% YoY
22.66M
22.66M – 22.66M
+6.8% YoY
24.22M
24.22M – 24.22M
+6.9% YoY
EPS
0.08
est: 0.02 (+313.0%)
-0.38
est: 0.30 (-226.7%)
-0.18
est: 0.38 (-147.4%)
0.11
est: 0.13 (-15.4%)
0.08
est: 0.01 (+651.0%)
0.09
0.09 – 0.09
+800.0% YoY
0.12
0.12 – 0.12
+33.3% YoY
0.15
0.15 – 0.15
+25.0% YoY
0.18
0.18 – 0.18
+20.0% YoY
0.21
0.21 – 0.21
+16.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-25 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-22 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-21 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-20 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-19 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-15 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-14 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-13 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-12 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-11 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-08 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-07 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-06 B- 3/5 1/5 3/5 4/5 3/5 1/5 3/5
2026-05-05 B- 2/5 1/5 2/5 4/5 3/5 1/5 3/5
2026-05-04 B- 2/5 1/5 2/5 4/5 3/5 1/5 3/5
2026-05-01 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-30 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-29 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-28 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-27 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-24 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-23 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-22 C+ 2/5 1/5 2/5 4/5 2/5 1/5 3/5
2026-04-21 B- 2/5 1/5 2/5 5/5 2/5 1/5 3/5
2026-04-20 B- 2/5 1/5 2/5 5/5 2/5 1/5 3/5
2026-04-17 B- 2/5 1/5 2/5 5/5 2/5 1/5 3/5
2026-04-16 B- 2/5 1/5 2/5 5/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.61M
OE per share TTM
0.17
Owner's Yield
7.44%
Maintenance CapEx ratio
6.58%
Maint CapEx / Avg PPE
8.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
19.6K
Shares Outstanding
27.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Brent Ashton Chief Executive Officer & Director 735.6K male
Gerry Arambula President of Covalon Technologies AG Ltd. 634.8K
Hamed Abbasian Vice President of Business Development 413.0K male
Kimberley Crooks COO & Director 366.7K female
Katie Martinovich Chief Financial Officer 253.6K female
Valerio DiTizio Co-Founder, Chief Scientific Officer & Vice President 216.0K
Greg Leszczynski Vice President of Human Resources male
Saleha Assadzada Executive Assistant to the Chief Executive Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits