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 01/26/2024
The Agriculture Technology sector valuation metrics continue to show year-over-year weakness. The median market-to-book ratio for the twenty companies in the sector is now 0.17x vs 0.67x last year. Similarly, the EV/ consensus 2023 revenue is 0.46x compared to the EV/ consensus 2022 revenue of 0.62x a year ago. We expect valuations in the sector to remain pressured until, better cash flow and increased availability of financing buoys ag tech’s customer base, the cultivators.
Week ended 01/26/2024
The Agriculture Technology sector valuation metrics continue to show year-over-year weakness. The median market-to-book ratio for the twenty companies in the sector is now 0.17x vs 0.67x last year. Similarly, the EV/ consensus 2023 revenue is 0.46x compared to the EV/ consensus 2022 revenue of 0.62x a year ago. We expect valuations in the sector to remain pressured until, better cash flow and increased availability of financing buoys ag tech’s customer base, the cultivators.
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