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 09/20/2024
Weekly Sector Valuation Report – Infused Products and Extracts
- The median market-to-book ratio of the 19 Infused product and extract sector companies in the Viridian Value Tracker database is only .44x. Moreover, the median market-to-tangible book value of -.18x tells us that over half of the companies have negative tangible net worth.
- Despite this lack of tangible asset value, the sector now trades at 2.06x EV/ annualized revenues, up from only 1.08x at the beginning of the year.
- Only 2 of the companies have analyst coverage, making forward multiple comparisons virtually impossible.
Week ended 09/20/2024
Weekly Sector Valuation Report – Infused Products and Extracts
- The median market-to-book ratio of the 19 Infused product and extract sector companies in the Viridian Value Tracker database is only .44x. Moreover, the median market-to-tangible book value of -.18x tells us that over half of the companies have negative tangible net worth.
- Despite this lack of tangible asset value, the sector now trades at 2.06x EV/ annualized revenues, up from only 1.08x at the beginning of the year.
- Only 2 of the companies have analyst coverage, making forward multiple comparisons virtually impossible.
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