2G·

New position opened: Kraken Robotics 📈

Have $PNG (-0,38%) into my portfolio today. Exciting company in the field of underwater technology with growth potential.

I am curious to see how the value will develop in the medium to long term - the position will continue to be monitored.

13.04

Kraken Robotics

Acquistato x50 a 5,40 €

270,00 €

40 Commenti

Klein-Anleger@Klein-Anleger

Welcome to the submarine... We will have a lot of fun with the company in the years to come!

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Erzwo@FYBSTRD

@Klein-Anleger Warum?

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Klein-Anleger@Klein-Anleger

@FYBSTRD https://getqu.in/MN4ZFl/ Please contact us if you have any questions...

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Tenbagger2024 @Klein-Anleger

### **Final opponent check:

Kraken Robotics vs. Exail Technologies**
We're taking off the kid gloves. Here is the ultimate comparison between the Canadian aggressor **Kraken Robotics (PNG.V)** and the French defense bulwark **Exail Technologies (EXA.PA)**. We analyze fact-based on the basis of data from **April 13, 2026**.

#### **1st Financial Check & Multiples**
| Key figure | Kraken Robotics (KRK) | Exail Technologies (EXA) | Analysis: Sharp-Shooter |

| **Share price** | **~6.10 CAD** | **~123.30 €** | Kraken is visually "cheap", Exail is a heavyweight. |

** **Market capitalization** | **~2.58 bn CAD** | **~2.10 bn €** | Kraken is massively inflated by the Covelya takeover. |

** **KGV (Forward)** | **~137x** | **~32x (adj. for 2026)** | Kraken is a "hope bubble"; Exail is fairly valued for quality. |

| **Net Debt / EBITDA** | **~3.4x (estimate)** | **~1.2x** | **Security:** Exail is solid, Kraken is highly leveraged. |

| **ROIC** | **~6.1%** | **~15.5%** | Exail creates real value; Kraken burns capital for expansion. |

#### **2. Margin Staircase (The Naked Truth)**

* **Exail Technologies:**
* **EBITDA margin:** Rising to **~25%** (Guidance 2026).
* **FCF margin:** **~18.4%**. You print money with every system sold.
** **Status:** **GOLD STANDARD PASSED**.

* **Kraken Robotics:**
** **EBITDA margin:** **~12 %** (post-merger print).
** **FCF margin:** **NEGATIVE** to stagnating. The interest burden of the $150m credit line for Covelya and the integration costs eat up every cent.
* **Status:**
**FAILED**.

#### **3rd Piotroski F-Score**

* **Exactly:** **8 out of 9.** A paragon of balance discipline.

* **Kraken:** **3 out of 9.** Massive red flags: declining liquidity, exploding debt and brutal dilution from the recent capital increase.

#### **4th Dividend & Shareholder Check**

* **Exactly:** Consistent re-investment focus. No dividend, but massive value growth per share without dilution.

* **Kraken:** **Hostile to shareholders** **The 615 million takeover was financed on the backs of existing shareholders. Your share was mercilessly diluted in March 2026.

#### **5th regions & Moat**

* **Exail (The Moat):** **System integrator.** They build the complete autonomous ships for navies (Belgium, Netherlands, Singapore). A change of supplier would take decades. This is **monopoly-like protection**.

* **Kraken (The niche):** **Component supplier.** They have great sensors (SAS), but they are interchangeable if a system integrator like Exail or Thales develops their own solution or buys in.

#### **6. Risks & "dirt on the ground "**

** **Kraken:** **The takeover trauma** The integration of Covelya is a "suicide mission". If the synergies do not take effect within 12 months, the house of cards will collapse under the burden of debt.

* The only risk is that they won't be able to deliver fast enough because of all the orders (>€1.1 billion backlog). A luxury problem.

#### **7. DCF analysis (fair value)**

* **Exact (EUR):** Fair value at **~€145.00**. Currently at €123.30 a clear **buy**.

** **Kraken (CAD):** Fair value (based on cash flows, not hope) at **~3.80 CAD**. At 6.10 CAD the share is **massively overheated**.

### **Final Fitting Score**

* **Exail Technologies: 9.5 / 10.** An elite company that does exactly what we want it to do: Dominate and generate cash.

** **Kraken Robotics: 2.0 / 10.** A speculative vehicle that pays debt with hope.

### **The ultimate verdict**

**Exail Technologies** is the rightful heir to the throne for the "Maritime Robotics" segment in your fortress. It delivers the **15% FCF margin** we demand and has the financial stability of a battleship.

**Kraken Robotics** will be shredded in the **REIẞWOLF**. We do not reward companies that bleed their shareholders for risky acquisitions while the balance sheet burns. The current price of CAD 6.10 is an exit opportunity, not an entry signal.🤷🏼‍♂️😂

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Klein-Anleger@Klein-Anleger

@Get_Rich_or_Die_Tryin https://de.marketscreener.com/kurs/aktie/KRAKEN-ROBOTICS-INC-47302425/finanzen/ Growth of over 50% per year is the end of the line for me - I don't need boomer value stocks. I need growth 🚀😂
And your prompt seems a bit subjective from the start 🤫😅

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger they have to deliver at a P/E ratio > 100. I'll keep my fingers crossed that things continue like this. But a lot stands and falls with the successful integration of the massive acquisition. Btw: if you take a look at the share price performance, $EXA is anything but value, my little one.😘

And thanks for the really uncharming "Boomer", I haven't been around that long after all.🤣

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger and 20% growth with a rock-solid capital base are much better for me at my advanced age😉.

https://de.marketscreener.com/kurs/aktie/EXAIL-TECHNOLOGIES-5158/finanzen/

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Klein-Anleger@Klein-Anleger

@Get_Rich_or_Die_Tryin to a P/E ratio 2026 of over 85 a growth of 20%? 😅

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Klein-Anleger@Klein-Anleger

@Get_Rich_or_Die_Tryin I didn't mean any harm, I also have Exail on my watchlist 😊
But I decided to get $PNG putz because the driveway is growing much more aggressively. With the low capital investment I have, I just need this risk and this opportunity 🚀😛

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Klein-Anleger@Klein-Anleger

@Get_Rich_or_Die_Tryin PNG's growth (due to the takeover + dilution) is at least 213% and next year's sales growth will be a meager 75%😉 Profit growth this year is also over 200% and next year over 80% 🤫📈

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger My prompt is ruthless when it comes to financial conditions. It's just based on my portfolio structure.😉 With Mr. Prompt, you would certainly have better cards for the risk side of the barbell.😊

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger forecast😉 It will not be set in stone until the annual financial statements are available.🤷🏼‍♂️

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger I know that and I also wanted to add that I understand your approach 100%. It's just that it's no longer mine.

I made a lot of gains with high-growth stocks last year, but then also realized that with "increasing" age, I'm now sleeping less well with vola to that extent.

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Klein-Anleger and dilution effects should really be excluded in order to get a realistic picture of the impact of the takeover. What would it look like without them? Without dilution and without the takeover? I would actually be interested to see the comparison 🤔

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Visualizza tutti 22 ulteriori risposte

Erzwo@FYBSTRD

Bastelbude

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Klein-Anleger@Klein-Anleger

@FYBSTRD explain?

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Erzwo@FYBSTRD

@Klein-Anleger Hype share, like Oatly or Beyond Meat back then. In my opinion, there is no moat big enough that it cannot be overcome by the "big players". Speculative value from Canada

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Klein-Anleger@Klein-Anleger

@FYBSTRD when every tinkering shop has a turnover in the three-digit million range and profit growth of over 200% - then I buy tinkering shops too 🤷📈

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