OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
Quick
Links
Past Charts
Valuation Tracker By Industry Sector
Valuation Tracker By Sector
The Viridian Value Tracker is the most comprehensive valuation product in the industry.
-
- 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 03/08/2024
We keep looking for signs of improvement in the Agriculture Technology sector but the numbers do not show a turn yet. The median market to book for the 19 companies is only .14x compared to .58x a year ago. The five analyst-ranked companies in the sector have a median EV/ 2023 rev of .31x compared to .46x for the same period last year. Still, investors should allocate some funds to the rebounding names in the sector, such as Scotts Miracle-Gro and Hydrofarm Holdings, as analysts expect significant EBITDA gains for 2024.
Week ended 03/08/2024
We keep looking for signs of improvement in the Agriculture Technology sector but the numbers do not show a turn yet. The median market to book for the 19 companies is only .14x compared to .58x a year ago. The five analyst-ranked companies in the sector have a median EV/ 2023 rev of .31x compared to .46x for the same period last year. Still, investors should allocate some funds to the rebounding names in the sector, such as Scotts Miracle-Gro and Hydrofarm Holdings, as analysts expect significant EBITDA gains for 2024.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
