TERRASCEND CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.28 CAD | +4.59% |
|
-0.44% | +3.64% |
| Apr. 24 | Terrascend Corp. Launches Legend Mini Pre-Roll Packs in New Jersey | CI |
| Mar. 14 | Transcript : TerrAscend Corp., 2023 Earnings Call, Mar 14, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 310 | 1,549 | 1,173 | 296.2 | 476.7 | 485.2 | - | - |
| Enterprise Value (EV) 1 | 365.5 | 1,705 | 1,279 | 475.4 | 476.7 | 652.1 | 685.2 | 485.2 |
| P/E ratio | -1.41 x | -12 x | 615 x | -0.85 x | -4.74 x | -37.9 x | 45.4 x | 8.33 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.12 x | 9.8 x | 5.57 x | 1.2 x | 1.5 x | 1.4 x | 1.26 x | 1.1 x |
| EV / Revenue | 6.03 x | 10.8 x | 6.08 x | 1.92 x | 1.5 x | 1.88 x | 1.78 x | 1.1 x |
| EV / EBITDA | -19.3 x | 35.6 x | 19.5 x | 12.2 x | 6.93 x | 8.63 x | 7.63 x | 4.33 x |
| EV / FCF | - | -80.6 x | -17.7 x | -7.23 x | - | 20.1 x | 27.4 x | 80.9 x |
| FCF Yield | - | -1.24% | -5.65% | -13.8% | - | 4.98% | 3.66% | 1.24% |
| Price to Book | 4.05 x | 169 x | 4.98 x | 0.98 x | - | 3.08 x | - | - |
| Nbr of stocks (in thousands) | 141,879 | 155,321 | 190,880 | 259,125 | 287,271 | 291,298 | - | - |
| Reference price 2 | 2.185 | 9.971 | 6.145 | 1.143 | 1.659 | 1.666 | 1.666 | 1.666 |
| Announcement Date | 4/23/20 | 3/23/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 60.59 | 158 | 210.4 | 247.8 | 317.3 | 347.2 | 385.6 | 440.2 |
| EBITDA 1 | -18.96 | 47.85 | 65.64 | 38.84 | 68.8 | 75.57 | 89.77 | 112 |
| EBIT 1 | -45.92 | 47.56 | 23.48 | -23.74 | 41.44 | 41.09 | 46.98 | 75.8 |
| Operating Margin | -75.78% | 30.11% | 11.16% | -9.58% | 13.06% | 11.84% | 12.18% | 17.22% |
| Earnings before Tax (EBT) 1 | - | -100.8 | 34.45 | -310.2 | -58.83 | 19.77 | 44.95 | 73.8 |
| Net income 1 | -154.1 | -123.6 | 3.111 | -329.9 | -95.54 | -13.59 | 16.28 | 54.2 |
| Net margin | -254.26% | -78.22% | 1.48% | -133.12% | -30.11% | -3.91% | 4.22% | 12.31% |
| EPS 2 | -1.549 | -0.8285 | 0.0100 | -1.350 | -0.3500 | -0.0440 | 0.0367 | 0.2000 |
| Free Cash Flow 1 | - | -21.16 | -72.28 | -65.75 | - | 32.48 | 25.05 | 6 |
| FCF margin | - | -13.39% | -34.35% | -26.53% | - | 9.36% | 6.5% | 1.36% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 42.98% | 27.9% | 5.35% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 153.88% | 11.07% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 4/23/20 | 3/23/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 49.14 | 49.2 | 49.66 | 64.8 | 67.02 | 66.34 | 69.4 | 72.12 | 89.24 | 85.55 | 81.4 | 85.26 | 88.49 | 90.79 |
| EBITDA 1 | 10.5 | 11.86 | 3.287 | 5.768 | 11.32 | 18.46 | 12.21 | 12.82 | 24.15 | 19.63 | 15.3 | 18.17 | 20.01 | 20.6 |
| EBIT 1 | 3.826 | 0.3 | -10.03 | -14 | -8.054 | 8.346 | 5.724 | 2.498 | 16.96 | 16.26 | 8.174 | 10.19 | 11.71 | 11.82 |
| Operating Margin | 7.79% | 0.61% | -20.2% | -21.61% | -12.02% | 12.58% | 8.25% | 3.46% | 19% | 19.01% | 10.04% | 11.95% | 13.23% | 13.02% |
| Earnings before Tax (EBT) 1 | 66.44 | -15.71 | -12.26 | 18.85 | -345 | 28.25 | -10.1 | -6.407 | 5.104 | -51.02 | 1.239 | 3.536 | 5.098 | 6.227 |
| Net income 1 | 60.37 | -17.31 | -16.36 | 13.22 | -313.2 | -13.56 | -22.77 | -15.62 | -10.6 | -44.14 | -8.895 | -7.661 | -6.63 | -5.738 |
| Net margin | 122.86% | -35.17% | -32.94% | 20.4% | -467.31% | -20.43% | -32.81% | -21.66% | -11.88% | -51.59% | -10.93% | -8.99% | -7.49% | -6.32% |
| EPS 2 | 0.3300 | -0.1000 | -0.0800 | 0.0500 | -1.230 | -0.0300 | -0.0900 | -0.0500 | -0.0400 | -0.1600 | -0.0275 | -0.0250 | -0.0225 | -0.0175 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/16/22 | 5/12/22 | 8/11/22 | 11/14/22 | 3/16/23 | 5/11/23 | 8/10/23 | 11/9/23 | 3/14/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 55.5 | 156 | 106 | 179 | - | 167 | 200 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -2.927 x | 3.259 x | 1.607 x | 4.615 x | - | 2.21 x | 2.228 x | - |
| Free Cash Flow 1 | - | -21.2 | -72.3 | -65.8 | - | 32.5 | 25.1 | 6 |
| ROE (net income / shareholders' equity) | - | - | - | -14.1% | - | -5.7% | 11.4% | - |
| ROA (Net income/ Total Assets) | - | - | 0.3% | -5.98% | - | -2.35% | 8.2% | - |
| Assets 1 | - | - | 1,024 | 5,521 | - | 578.2 | 198.5 | - |
| Book Value Per Share 2 | 0.5400 | 0.0600 | 1.230 | 1.170 | - | 0.5400 | - | - |
| Cash Flow per Share 2 | -0.3400 | 0.1800 | -0.1800 | -0.1100 | - | -0.0700 | - | - |
| Capex 1 | - | 47.5 | 40.5 | 39.6 | - | 14.7 | 6.7 | - |
| Capex / Sales | - | 30.04% | 19.23% | 15.99% | - | 4.25% | 1.74% | - |
| Announcement Date | 4/23/20 | 3/23/21 | 3/16/22 | 3/16/23 | 3/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
1.666
USD
Average target price
3.1
USD
Spread / Average Target
+86.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.64% | 485M | |
| +13.25% | 2.91B | |
| +14.12% | 1.69B | |
| +84.57% | 625M | |
| +29.11% | 159M | |
| -2.98% | 101M | |
| +52.81% | 56.96M |
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