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 10/27/2023
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. The 86 companies in the cultivation & retail sector trade at a median of 1.26x EV/annualized revenues. But the lowest 25% of the group trade at a median of .62x while the highest 25% traded at 2.47x. Thirty-five of the companies have sell-side analyst coverage. These companies have a 1st quartile EV/2023 EBITDA of 5.85x, a 1st quartile of 3.87x, and a third quartile of 9.65x. These values are down somewhat from last week but are still up from before the rescheduling announcement.
Week ended 10/27/2023
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. The 86 companies in the cultivation & retail sector trade at a median of 1.26x EV/annualized revenues. But the lowest 25% of the group trade at a median of .62x while the highest 25% traded at 2.47x. Thirty-five of the companies have sell-side analyst coverage. These companies have a 1st quartile EV/2023 EBITDA of 5.85x, a 1st quartile of 3.87x, and a third quartile of 9.65x. These values are down somewhat from last week but are still up from before the rescheduling announcement.
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