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 10/18/2024
Weekly Sector Valuation Report – Psychedelics
- The Psychedelic sector companies frequently have little to no revenues, let alone cash flow. They are valued based on the perceived attractiveness of their clinical trial portfolio and are resistant to regular metrics.
- The market to book ratio is one of the few applicable tools at our disposal without deeper access to clinical trial data. The median of .96x tells us that the market generally believes the sector’s assets are fairly valued. The individual companies trade widely around that central number; however, with 25% of the companies are below .18x, and 25% are above 2.18x. Our credit analysis of the sector shows continual pressure on liquidity and the need to raise additional capital.
Week ended 10/18/2024
Weekly Sector Valuation Report – Psychedelics
- The Psychedelic sector companies frequently have little to no revenues, let alone cash flow. They are valued based on the perceived attractiveness of their clinical trial portfolio and are resistant to regular metrics.
- The market to book ratio is one of the few applicable tools at our disposal without deeper access to clinical trial data. The median of .96x tells us that the market generally believes the sector’s assets are fairly valued. The individual companies trade widely around that central number; however, with 25% of the companies are below .18x, and 25% are above 2.18x. Our credit analysis of the sector shows continual pressure on liquidity and the need to raise additional capital.
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