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 01/20/2023
Our sector trackers include ratios applicable to value companies with no analyst coverage and the more typical EV/ Revenues and EV/ EBITDA measures. For each valuation measure, we present the values for the lowest 25% of companies, the median, and the highest 25%. This gives investors a better understanding of the spread of values than a simple average, often presented but frequently seriously flawed by outliers. We find it striking that out of the 20 Agriculture Technology sector companies in the Viridian Value Tracker database, the median market/book value is only .67x. The group traded off even more significantly than cultivators in 2022 and has yet to recover. Eight of the 20 companies have analyst coverage and trade at a median enterprise value to 2022 revenue multiple of only .62x.
Week ended 01/20/2023
Our sector trackers include ratios applicable to value companies with no analyst coverage and the more typical EV/ Revenues and EV/ EBITDA measures. For each valuation measure, we present the values for the lowest 25% of companies, the median, and the highest 25%. This gives investors a better understanding of the spread of values than a simple average, often presented but frequently seriously flawed by outliers. We find it striking that out of the 20 Agriculture Technology sector companies in the Viridian Value Tracker database, the median market/book value is only .67x. The group traded off even more significantly than cultivators in 2022 and has yet to recover. Eight of the 20 companies have analyst coverage and trade at a median enterprise value to 2022 revenue multiple of only .62x.
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