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 02/21/2025
Sector Valuation – Software/Media
- The fifteen software/media companies in the Viridian Value Tracker database are now trading at medians of 1.36x LTM revenue and 1.51x annualized last quarter revenue, implying a weak third quarter.
- Only five of the companies have sell-side analyst coverage, and consensus estimates for EV/2025 revenues are .72x.
- We expected that more significant cash flows from S3 would improve software sector business as discretionary software upgrades would begin to creep back in. Alas, capital is as tight as ever, and the MSOs, who are the sector’s customers, are keeping capex pared to the bone.
Week ended 02/21/2025
Sector Valuation – Software/Media
- The fifteen software/media companies in the Viridian Value Tracker database are now trading at medians of 1.36x LTM revenue and 1.51x annualized last quarter revenue, implying a weak third quarter.
- Only five of the companies have sell-side analyst coverage, and consensus estimates for EV/2025 revenues are .72x.
- We expected that more significant cash flows from S3 would improve software sector business as discretionary software upgrades would begin to creep back in. Alas, capital is as tight as ever, and the MSOs, who are the sector’s customers, are keeping capex pared to the bone.
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