1{2 "org": "Nordvale Capital Partners — Deal Portal (Industrials)",3 "user": {4 "username": "associate.industrials",5 "password": "nvc-2026-lci"6 },7 "documents": [8 {9 "id": "doc-fs",10 "title": "LCI — Audited financial statements FY2021–FY2025",11 "path": "financial_statements.xlsx",12 "category": "Financials"13 },14 {15 "id": "doc-ar",16 "title": "LCI — Annual Report 2025, MD&A excerpt and notes",17 "path": "annual_report_excerpt_2025.pdf",18 "category": "Financials"19 },20 {21 "id": "doc-mkt",22 "title": "Market data and comparables (as at 2025-12-31)",23 "path": "market_data.xlsx",24 "category": "Market data"25 },26 {27 "id": "doc-memo",28 "title": "VP memorandum — base-case assumptions",29 "path": "assignment_memo.docx",30 "category": "Instructions"31 },32 {33 "id": "doc-broker",34 "title": "Laurentian Securities — LCI initiation note",35 "path": "broker_note.pdf",36 "category": "Research"37 }38 ],39 "records": {40 "comparables": [41 {42 "company": "Boreal Advanced Materials Corp.",43 "ticker": "BAM",44 "levered_beta": 1.07,45 "debt_to_equity": 0.3,46 "ev_ebitda_ltm": 8.6,47 "pe_ltm": 16.0,48 "market_cap_cad_m": 148049 },50 {51 "company": "Cascadia Panel Systems Inc.",52 "ticker": "CPS",53 "levered_beta": 1.49,54 "debt_to_equity": 0.55,55 "ev_ebitda_ltm": 7.4,56 "pe_ltm": 13.5,57 "market_cap_cad_m": 62058 },59 {60 "company": "Huronia Fibre Technologies Ltd.",61 "ticker": "HFT",62 "levered_beta": 0.89,63 "debt_to_equity": 0.15,64 "ev_ebitda_ltm": 9.3,65 "pe_ltm": 18.2,66 "market_cap_cad_m": 221067 },68 {69 "company": "Saguenay Structural Composites Inc.",70 "ticker": "SSC",71 "levered_beta": 9.8,72 "debt_to_equity": 0.4,73 "ev_ebitda_ltm": 8.1,74 "pe_ltm": 14.8,75 "market_cap_cad_m": 54076 },77 {78 "company": "Atlantic Lightweight Industries Inc.",79 "ticker": "ALI",80 "levered_beta": 1.63,81 "debt_to_equity": 0.65,82 "ev_ebitda_ltm": 7.0,83 "pe_ltm": 12.6,84 "market_cap_cad_m": 41085 },86 {87 "company": "Prairie Thermoset Corp.",88 "ticker": "PTC",89 "levered_beta": 0.96,90 "debt_to_equity": 0.22,91 "ev_ebitda_ltm": 8.9,92 "pe_ltm": 17.1,93 "market_cap_cad_m": 115094 }95 ]96 },97 "forms": [98 {99 "id": "valuation_summary",100 "title": "Valuation summary — LCI base case",101 "fields": [102 {103 "name": "wacc_pct",104 "type": "number",105 "label": "WACC (%)"106 },107 {108 "name": "enterprise_value_m",109 "type": "number",110 "label": "Enterprise value (CAD millions)"111 },112 {113 "name": "value_per_share",114 "type": "number",115 "label": "Value per share (CAD)"116 },117 {118 "name": "recommendation",119 "type": "select",120 "label": "Recommendation",121 "options": [122 "BUY",123 "HOLD",124 "SELL"125 ]126 }127 ]128 }129 ]130}