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Montreal-based maker of specialty engineered materials, including semiconductor compounds for solar panels and eco-friendly metal alloys.
Montreal-based maker of specialty engineered materials, including semiconductor compounds for solar panels and eco-friendly metal alloys.
Makes high-purity materials to customers' specifications, so each product has to be qualified before it is bought. Cadmium telluride for thin-film solar panels carries the business, with First Solar the long-standing anchor customer, while bismuth alloys and pharmaceutical materials spread the rest across other industries.
In one line: A small, niche specialty-materials supplier..
Moat: narrow (process know-how, customer qualification). Qualified supplier of high-purity specialty materials where switching requires requalification with customers.
Headquarters: Montreal, Canada · Founded: 1984 · Employees: 849
Size 5N Plus (VNP.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $2.15B, the 180th largest of 420 Canada companies the cockpit tracks. Shares closed at C$33.53 on 6 Nov 2026.
Performance Over six months the shares fell 10.1%, against -21.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 32.0% over the last twelve months (peer median +36.2%); the operating margin is 18.0% (peer median 4.9%).
Valuation It trades at 28.8× forward earnings against a peer median of 20.8× (7th most expensive of 18).
Capital Return on invested capital runs 8.4 points above its cost of capital (11.6% WACC).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$664M | C$546M | C$396M | C$327M | C$344M |
| Revenue growth | — | +38% | +21% | -5% | — |
| Gross profit | C$184M | C$162M | C$101M | C$71.3M | C$57.5M |
| EBITDA | C$145M | C$128M | C$69.7M | C$44.6M | C$33.3M |
| Net income | C$79.5M | C$70.7M | C$20.1M | C$20.8M | -C$29.9M |
| Free cash flow | -C$34.3M | C$66.0M | -C$37.9M | -C$121,470 | C$10.00M |
| Capital expenditure | C$40.4M | C$29.1M | C$29.0M | C$24.6M | C$22.2M |
| Total debt | C$152M | C$192M | C$218M | C$183M | C$205M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| 5N Plus VNP.TO | $2.15B | -10% | +32% | 18% | 28.8× | n/a |
| JX Advanced Metals 5016.T | $14.6B | -49% | +30% | 11% | 12.7× | 22.2% |
| CMOC 3993.HK | $40.0B | -39% | +39% | 20% | 6.7× | -8.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VNP.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | -17.1% | 2nd highest of 21 |
| 6-month return | -10.1% | -21.5% | 7th highest of 20 |
| Distance from 52-week high | -32.9% | -49.4% | 4th highest of 21 |
| Revenue growth (TTM) | +32.0% | +36.2% | 10th lowest of 21 |
| Operating margin | 18.0% | 4.9% | 8th highest of 21 |
| Forward P/E | 28.8× | 20.8× | 7th most expensive of 18 |
| ROIC minus cost of capital | +8.4 pp | -3.5 pp | 3rd highest of 20 |
| EV / EBITDA | 21.4× | 31.6× | 3rd cheapest of 7 |
| Net debt / EBITDA | 0.6× | -1.1× | 4th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 5N Plus VNP.TO | Canada | $2.15B | -10% | +32% | 18% | 28.8× | n/a | n/a |
| Altius Minerals ALS.TO | Canada | $2.16B | -2% | +68% | 17% | 47.6× | 57.7% | -4.5% |
| Centrus Energy LEU | United States | $2.14B | -50% | +8% | 2% | 34.5× | n/a | n/a |
| Guangdong Jia Yuan Technology Shares 688388.SS | China | $2.12B | -38% | +81% | 4% | 17.9× | n/a | n/a |
| Jiaxin International Resources Investment 3858.HK | Hong Kong | $2.08B | -56% | +2,782% | 65% | 6.1× | -6.4% | n/a |
| Anhui Jingcheng Copper Share 002171.SZ | China | $2.07B | -22% | +35% | 1% | 22.0× | n/a | n/a |
| Co-tech Development 8358.TWO | Taiwan | $2.24B | -30% | +31% | 23% | 19.9× | n/a | n/a |
| Ningbo Boway Alloy Material 601137.SS | China | $2.26B | -6% | +31% | 0% | 19.8× | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | China | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% | +20.9% |
| Lianyou Metals 7610.TW | Taiwan | $2.03B | +89% | +238% | 56% | 11.4× | n/a | n/a |
| CGN Mining 1164.HK | Hong Kong | $2.03B | -47% | +15% | 2% | 20.8× | 33.0% | +19.1% |
| Denison Mines DML.TO | Canada | $2.00B | -39% | -9% | -2,101% | n/a | n/a | n/a |
| Paladin Energy PDN.AX | Australia | $2.32B | -33% | +64% | 4% | 50.9× | n/a | n/a |
| Almonty Industries ALM | United States | $2.34B | -59% | +208% | 5% | 12.3× | n/a | n/a |
| Ningbo Jintian Copper (Group) 601609.SS | China | $2.36B | -11% | +25% | 1% | 15.3× | n/a | n/a |
| Beijing Zhong Ke San Huan High-Tech 000970.SZ | China | $1.87B | -16% | +11% | 3% | 65.8× | n/a | n/a |
| Jiangsu ToLand Alloy 300855.SZ | China | $1.83B | -21% | +75% | 28% | 26.5× | n/a | n/a |
| Jinhui Mining 603132.SS | China | $2.53B | -11% | +38% | 51% | n/a | n/a | n/a |
| Trekor Metals TKO.TO | Canada | $2.57B | -1% | +68% | 28% | 9.8× | n/a | n/a |
| Yantai Zhenghai Magnetic Material 300224.SZ | China | $1.79B | -1% | +16% | 5% | 29.9× | 20.1% | +29.2% |
| Changyu 603407.SS | China | $2.59B | n/a | +9% | 16% | n/a | 51.8% | +2.2% |