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 04/26/2024
Interestingly, the psychedelics sector had lower market-to-book ratios across all quartiles on 5/1/24 compared to 4/19/24. On an EV/revenue basis, the five companies with 2024 revenue estimates had a median EV/ 2024 revenue of 4.45x, unchanged from last week. On the one hand, we wouldn’t think rescheduling cannabis would have much impact on psychedelics, but we also wouldn’t have thought valuations would actually be down. Could this represent sector rotation into cannabis now that the road ahead is a bit clearer?
Week ended 04/26/2024
Interestingly, the psychedelics sector had lower market-to-book ratios across all quartiles on 5/1/24 compared to 4/19/24. On an EV/revenue basis, the five companies with 2024 revenue estimates had a median EV/ 2024 revenue of 4.45x, unchanged from last week. On the one hand, we wouldn’t think rescheduling cannabis would have much impact on psychedelics, but we also wouldn’t have thought valuations would actually be down. Could this represent sector rotation into cannabis now that the road ahead is a bit clearer?
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