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 06/07/2024
Sector Valuation Report
- Is Ag Tech finally rebounding?
- Two key valuation metrics tell opposite stories about the sector:
- The median market to book for the sector has improved from .17x at year-end 2023 to .25x on 6/7/24.
- The median enterprise value to annualized revenue, however, has declined from 1.11x at year-end to .93x currently.
- Meanwhile, EV/ 2024 EBITDA has a somewhat meaningless median value of .86x, with values for the five rated companies varying to such an extent that there is no central tendency observable.
- Conclusion: we still cannot pronounce a turnaround in valuations even though we believe that S3 will produce a powerful boost to revenues.
Week ended 06/07/2024
Sector Valuation Report
- Is Ag Tech finally rebounding?
- Two key valuation metrics tell opposite stories about the sector:
- The median market to book for the sector has improved from .17x at year-end 2023 to .25x on 6/7/24.
- The median enterprise value to annualized revenue, however, has declined from 1.11x at year-end to .93x currently.
- Meanwhile, EV/ 2024 EBITDA has a somewhat meaningless median value of .86x, with values for the five rated companies varying to such an extent that there is no central tendency observable.
- Conclusion: we still cannot pronounce a turnaround in valuations even though we believe that S3 will produce a powerful boost to revenues.
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