VERANO HOLDINGS CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.71 CAD | +4.68% |
|
-3.59% | +14.12% |
| Apr. 02 | Pot producers climb as recreational cannabis to go on Florida ballot | RE |
| Mar. 15 | Cannabis Stocks Gain Following Rumors of Imminent Rescheduling | DJ |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,998 | 1,121 | 1,526 | 1,687 | - | - |
| Enterprise Value (EV) 1 | 4,189 | 1,535 | 1,894 | 1,909 | 1,890 | 1,687 |
| P/E ratio | -19.2 x | -3.92 x | -13 x | -25.4 x | -27.3 x | 89.1 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.42 x | 1.27 x | 1.63 x | 1.81 x | 1.7 x | 1.55 x |
| EV / Revenue | 5.68 x | 1.74 x | 2.02 x | 2.05 x | 1.91 x | 1.55 x |
| EV / EBITDA | 13 x | 4.74 x | 6.21 x | 6.38 x | 5.84 x | 4.35 x |
| EV / FCF | 105 x | -61.8 x | 25.8 x | 22.5 x | 17.6 x | 11.6 x |
| FCF Yield | 0.95% | -1.62% | 3.87% | 4.44% | 5.67% | 8.6% |
| Price to Book | - | 0.8 x | 1.23 x | 1.42 x | 1.35 x | 1.33 x |
| Nbr of stocks (in thousands) | 316,153 | 353,366 | 344,072 | 344,163 | - | - |
| Reference price 2 | 12.65 | 3.171 | 4.435 | 4.902 | 4.902 | 4.902 |
| Announcement Date | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 65.97 | 228.5 | 737.8 | 879.4 | 938.5 | 932.3 | 990.3 | 1,090 |
| EBITDA 1 | - | 101.6 | 322.5 | 323.6 | 304.9 | 298.9 | 324 | 388 |
| EBIT 1 | - | 212.6 | 107.7 | 66.49 | 143.3 | 96.25 | -10.45 | - |
| Operating Margin | - | 93.02% | 14.59% | 7.56% | 15.27% | 10.32% | -1.06% | - |
| Earnings before Tax (EBT) 1 | - | 203.5 | 91.96 | -163.4 | 36.37 | 25.18 | -69.29 | - |
| Net income 1 | -18.43 | 124.1 | -14.68 | -269.2 | -112.7 | -84.03 | -226.3 | - |
| Net margin | -27.94% | 54.31% | -1.99% | -30.61% | -12.01% | -9.01% | -22.85% | - |
| EPS 2 | - | 7.740 | -0.6600 | -0.8100 | -0.3400 | -0.1930 | -0.1798 | 0.0550 |
| Free Cash Flow 1 | - | 16.97 | 39.93 | -24.83 | 73.38 | 84.81 | 107.3 | 145 |
| FCF margin | - | 7.42% | 5.41% | -2.82% | 7.82% | 9.1% | 10.83% | 13.31% |
| FCF Conversion (EBITDA) | - | 16.7% | 12.38% | - | 24.07% | 28.37% | 33.11% | 37.37% |
| FCF Conversion (Net income) | - | 13.67% | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 1/4/21 | 4/8/21 | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 206.8 | 211.4 | 202.2 | 223.7 | 227.6 | 225.9 | 227.1 | 234.1 | 240.1 | 237.2 | 217.2 | 228.9 | 239.8 | 249.3 | 243.4 |
| EBITDA 1 | 110.7 | 83.65 | 80.82 | 75.53 | 82.12 | 78.71 | 70.64 | 71.51 | 89.35 | 73.38 | 66.41 | 73.46 | 78.7 | 80.88 | 77.5 |
| EBIT 1 | 186.5 | 44.76 | 19.68 | -2.148 | 37.08 | 22.3 | 33.94 | 30.53 | 40.29 | 31.9 | 10.57 | 17.62 | 24.54 | 26.93 | - |
| Operating Margin | 90.18% | 21.17% | 9.73% | -0.96% | 16.29% | 9.87% | 14.95% | 13.04% | 16.78% | 13.45% | 4.87% | 7.7% | 10.23% | 10.8% | - |
| Earnings before Tax (EBT) 1 | - | 45.75 | 36.12 | 1.256 | 26.39 | -216.6 | 19.08 | 14.62 | 27.03 | -24.36 | -3.565 | 4.188 | 11.11 | 13.49 | - |
| Net income 1 | - | 27.23 | -7.001 | -9.847 | -42.99 | -216.1 | -9.237 | -13.06 | -17.84 | -72.58 | -26.73 | -22.31 | -18.25 | -16.97 | - |
| Net margin | - | 12.88% | -3.46% | -4.4% | -18.89% | -95.65% | -4.07% | -5.58% | -7.43% | -30.6% | -12.31% | -9.75% | -7.61% | -6.81% | - |
| EPS 2 | - | -0.0500 | -0.0200 | -0.0300 | -0.1300 | -0.6300 | -0.0300 | -0.0400 | -0.0500 | -0.2200 | -0.0657 | -0.0498 | -0.0420 | -0.0403 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 4/26/22 | 5/25/22 | 8/16/22 | 11/14/22 | 3/30/23 | 5/10/23 | 8/8/23 | 11/8/23 | 2/29/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 36.7 | 191 | 414 | 368 | 222 | 204 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3609 x | 0.5916 x | 1.279 x | 1.207 x | 0.7417 x | 0.6282 x | - |
| Free Cash Flow 1 | - | 17 | 39.9 | -24.8 | 73.4 | 84.8 | 107 | 145 |
| ROE (net income / shareholders' equity) | - | 70.1% | -1.81% | - | -2.48% | 3.1% | 10.9% | - |
| ROA (Net income/ Total Assets) | - | 38% | -1.02% | - | -4.52% | 1.75% | 8.3% | - |
| Assets 1 | - | 326.7 | 1,438 | - | 2,492 | -4,802 | -2,726 | - |
| Book Value Per Share 2 | - | - | - | 3.950 | 3.620 | 3.440 | 3.640 | 3.680 |
| Cash Flow per Share 2 | - | - | 0.6500 | 0.2800 | 0.3200 | 0.2800 | 0.5300 | - |
| Capex 1 | - | 60.4 | 141 | 119 | 36.3 | 37.9 | 24 | 20 |
| Capex / Sales | - | 26.42% | 19.15% | 13.55% | 3.87% | 4.07% | 2.42% | 1.84% |
| Announcement Date | 1/4/21 | 4/8/21 | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
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
12
Last Close Price
4.902
USD
Average target price
9.287
USD
Spread / Average Target
+89.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.12% | 1.69B | |
| +13.25% | 2.91B | |
| +84.57% | 625M | |
| +3.64% | 485M | |
| +29.11% | 159M | |
| -2.98% | 101M | |
| +52.81% | 56.96M |
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- Financials Verano Holdings Corp.
