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 02/02/2024
The Cultivation and Retail sector continue to march upward in valuation stats. This week, the 40 analyst-covered companies had EV/ 2023 Revenues of 1.22x and EV/2023 EBITDA of 6.79x, up from 1.14x and 6.27x respectively last week and 1.20x and 5.36x, respectively, at the same time in 2023 based on still unreported 2022 data. These figures significantly understate the valuation gains of the tier-one MSOs because the sector grouping includes U.S. and Canadian companies of all sizes. The largest 6 MSOs are now trading at an aggregate of 10.91x next twelve month EBITDA compared to 6.35x a year ago. Our Valuation Gap analysis in each week’s Deal Tracker shows that the largest market cap companies have significantly outperformed the next tier over the last year.
Week ended 02/02/2024
The Cultivation and Retail sector continue to march upward in valuation stats. This week, the 40 analyst-covered companies had EV/ 2023 Revenues of 1.22x and EV/2023 EBITDA of 6.79x, up from 1.14x and 6.27x respectively last week and 1.20x and 5.36x, respectively, at the same time in 2023 based on still unreported 2022 data. These figures significantly understate the valuation gains of the tier-one MSOs because the sector grouping includes U.S. and Canadian companies of all sizes. The largest 6 MSOs are now trading at an aggregate of 10.91x next twelve month EBITDA compared to 6.35x a year ago. Our Valuation Gap analysis in each week’s Deal Tracker shows that the largest market cap companies have significantly outperformed the next tier over the last year.
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