Company Valuation: SmartKem, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025
Market Cap 1 16.19 5.036 10.33 6.534
Change - -68.89% 105.12% -36.75%
Enterprise Value (EV) 1 12.4 -3.551 3.261 7.671
Change - -128.64% 191.85% 135.21%
P/E -1.51x -0.9x -0.48x -0.83x
PBR 2.75x 0.63x 1.58x -1.85x
PEG 0x 0x 0.09x 0x
Capitalization / Revenue 405x 187x 126x 9.37x
EV / Revenue 310x -132x 39.8x 11x
EV / EBITDA -1.31x 0.36x -0.32x -0.6x
EV / EBIT -1.28x 0.36x -0.31x -0.59x
EV / FCF -2.31x 0.85x -0.83x -2.67x
FCF Yield -43.2% 117% -120% -37.5%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -697 -316 -299.9 -64.5
Distribution rate - - - -
Net sales 1 0.04 0.027 0.082 0.697
EBITDA 1 -9.5 -9.759 -10.13 -12.8
EBIT 1 -9.698 -9.904 -10.39 -13.01
Net income 1 -11.5 -8.499 -10.33 -10.51
Net Debt 1 -3.79 -8.587 -7.069 1.137
Reference price 2 1,050.0010 285.0000 145.0000 53.2500
Nbr of stocks (in thousands) 15.4 17.7 71.2 123
Announcement Date 3/30/23 3/27/24 3/31/25 4/8/26
1USD in Million2USD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 115K
16.29x9.2x13.88x0.47% 3,932B
21.27x10.42x14.07x1.15% 1,852B
37.47x15.86x23.31x0.75% 1,656B
4.48x2.69x3x0.08% 881B
86.73x16.59x60.77x-.--% 876B
3.32x2.05x2.47x2.42% 663B
-28.99x5.58x15.73x-.--% 317B
33.53x12.58x22.9x1.9% 277B
Average 21.76x 9.37x 19.52x 0.85% 1,162B
Weighted average by Cap. 23.70x 10.07x 17.99x 0.71%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SmartKem, Inc.

Historical PBR trend

Valuation ratios - PBR - SmartKem, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SmartKem, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SmartKem, Inc.

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