Company Valuation: Canopy Growth Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,424 3,737 1,215 1,062 210.4 628.4 - -
Change - -75.77% -67.49% -12.56% -80.2% 198.69% - -
Enterprise Value (EV) 1 14,708 3,866 1,739 1,456 210.4 500.4 501.4 480.4
Change - -73.71% -55.01% -16.28% -85.55% 137.84% 0.2% -4.19%
P/E ratio -8.61x -12.3x -0.34x -1.33x -0.24x -3.4x -5.74x -7.5x
PBR - - - - - - - -
PEG - 0.1x -0x 0x 0x 0x 0.1x 0.3x
Capitalization / Revenue 28.2x 7.18x 3.02x 3.09x 0.78x 2.18x 1.72x 1.62x
EV / Revenue 26.9x 7.43x 4.32x 4.23x 0.78x 1.74x 1.37x 1.24x
EV / EBITDA -43.2x -9.31x -4.97x -24.7x -8.95x -29.1x 61.4x 17.8x
EV / EBIT -13x -5.42x -0.61x -6.37x -1.8x -5.88x -10.1x -14.2x
EV / FCF -23.3x -6.64x -3.07x -5.1x -1.19x -5.66x -8.1x -7.23x
FCF Yield -4.28% -15.1% -32.6% -19.6% -83.9% -17.7% -12.3% -13.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -46.9 -7.7 -70.7 -8.79 -5.56 -0.485 -0.2875 -0.22
Distribution rate - - - - - - - -
Net sales 1 546.6 520.3 402.9 343.9 269 287.9 366.1 386.8
EBITDA 1 -340.3 -415.4 -349.7 -58.92 -23.5 -17.22 8.172 26.94
EBIT 1 -1,134 -713.3 -2,848 -228.7 -117.1 -85.13 -49.68 -33.78
Net income 1 -1,745 -302.2 -3,278 -657.3 -598.1 -142.7 -125.8 -131.3
Net Debt 1 -716.3 129.3 524.3 393.8 - -128 -127 -148
Reference price 2 403.600 94.800 23.700 11.660 1.330 1.650 1.650 1.650
Nbr of stocks (in thousands) 38,216 39,417 51,264 91,115 158,174 380,819 - -
Announcement Date 6/1/21 5/27/22 6/22/23 5/30/24 5/30/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-3.4x1.74x-29.06x - 460M
17.36x2.11x13.73x5.11% 14.39B
28.41x1.57x10.45x1.45% 5.58B
17.5x3.62x11.45x5.71% 5.09B
22.96x - - 1.57% 4.05B
27.78x - - - 4.04B
15.69x2.11x9.39x2.86% 3.1B
Average 18.04x 2.23x 3.19x 3.34% 5.24B
Weighted average by Cap. 20.42x 2.26x 11.53x 3.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Canopy Growth Corporation