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 02/17/2023
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 101 companies in our Cultivation & Retail sector now trade at a median value of only .54x book value. The metrics are a bit more encouraging at .64x book value and when we focus on the 45 companies that are U.S. based whereas the 47 that are Canadian based have a median market to book of only .44x. Both sets of data suggest that the market believes the sectors assets are not worth the costs incurred to purchase or build them.
Week ended 02/17/2023
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 101 companies in our Cultivation & Retail sector now trade at a median value of only .54x book value. The metrics are a bit more encouraging at .64x book value and when we focus on the 45 companies that are U.S. based whereas the 47 that are Canadian based have a median market to book of only .44x. Both sets of data suggest that the market believes the sectors assets are not worth the costs incurred to purchase or build them.
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