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 04/05/2024
The Cultivation and Retail sector now trades at a median of 6.27x 2023 EBITDA and 1.14x 2023 Revenue. However, the spread in the metrics is immense. Twenty-five percent of the 36 companies trade at over 10.87x EBITDA and over 1.8x revenue. Valuations are up substantially from the 5.49x EV/EBITDA from a year ago. Interestingly, the market-to-book ratios have not rallied nearly as much, and at a current median of only .53x, the risk of write-offs is still considerable.
Week ended 04/05/2024
The Cultivation and Retail sector now trades at a median of 6.27x 2023 EBITDA and 1.14x 2023 Revenue. However, the spread in the metrics is immense. Twenty-five percent of the 36 companies trade at over 10.87x EBITDA and over 1.8x revenue. Valuations are up substantially from the 5.49x EV/EBITDA from a year ago. Interestingly, the market-to-book ratios have not rallied nearly as much, and at a current median of only .53x, the risk of write-offs is still considerable.
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