OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
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Valuation Tracker By Industry Sector
Valuation Tracker By Sector
The Viridian Value Tracker is the most comprehensive valuation product in the industry.
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- A broad set of 12 valuation measures assures applicability, regardless of whether the company has analyst coverage or revenues. The typically presented EV/ Projected Revenues and EV/ Projected EBITDA are available for less than 1/3 of the cannabis companies we track.
- Most valuation studies present only the average valuation measures, while the Tracker goes one step further and shows the distribution of values (the quartiles, median, and dispersion) for each measure. This gives users a more complete view of how companies in the cohort group are valued.
Week ended 08/09/2024
Weekly Sector Valuation Report – Software/Media
- Valuation metrics for public companies in the Software/Media sector have come down since the end of the second quarter.
- Median EV/Annualized Revenues is now 1.84x compared to 2.14x at the end of June.
- Similarly, median EV/2024 Revenues is now 1.09x compared to 1.15x.
- Only three of the fifteen companies have analyst estimates for 2024 EBITDA, and the median is now negative compared to 2.28x at the end of June.
- We believe the sector will be a logical gainer from loosened MSO purse strings post-rescheduling, but similar to MSO valuations, the market has not given these companies any credit for likely business uptick in 2025.
Week ended 08/09/2024
Weekly Sector Valuation Report – Software/Media
- Valuation metrics for public companies in the Software/Media sector have come down since the end of the second quarter.
- Median EV/Annualized Revenues is now 1.84x compared to 2.14x at the end of June.
- Similarly, median EV/2024 Revenues is now 1.09x compared to 1.15x.
- Only three of the fifteen companies have analyst estimates for 2024 EBITDA, and the median is now negative compared to 2.28x at the end of June.
- We believe the sector will be a logical gainer from loosened MSO purse strings post-rescheduling, but similar to MSO valuations, the market has not given these companies any credit for likely business uptick in 2025.
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