Company Valuation: TerrAscend Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,172 296.8 478.6 186.1 219.7 203 - -
Change - -74.68% 61.26% -61.11% 18.04% -7.57% - -
Enterprise Value (EV) 1 1,277 476 652.6 349.3 436.9 360 354.5 203
Change - -62.74% 37.1% -46.47% 25.06% -17.58% -1.53% -42.73%
P/E 614x -0.85x -4.76x -2.28x -2.49x -9.38x -26.3x 65.7x
PBR 4.97x 0.98x 2x 1.06x 2.28x 3.46x 4.38x -
PEG - 0x 0.1x 0.1x -0.7x 0.1x 0.4x -0x
Capitalization / Revenue 5.57x 1.2x 1.51x 0.61x 0.84x 0.76x 0.71x 0.67x
EV / Revenue 6.07x 1.92x 2.06x 1.14x 1.68x 1.35x 1.24x 0.67x
EV / EBITDA 19.5x 12.3x 9.48x 5.76x 6.44x 5.22x 4.76x 2.49x
EV / EBIT 54.4x -20x 15.7x -20.4x 10.4x 7.91x 7.02x -
EV / FCF -17.7x -7.24x 33.1x 12.2x 17.3x 18.8x 17.8x -
FCF Yield -5.66% -13.8% 3.02% 8.18% 5.79% 5.32% 5.63% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.01 -1.35 -0.35 -0.28 -0.29 -0.07 -0.025 0.01
Distribution rate - - - - - - - -
Net sales 1 210.4 247.8 317.3 306.7 260.1 267 285.7 304.8
EBITDA 1 65.64 38.84 68.8 60.69 67.81 68.97 74.5 81.65
EBIT 1 23.48 -23.74 41.44 -17.11 42.02 45.5 50.5 -
Net income 1 3.111 -329.9 -95.54 -80.23 -86.23 -18.23 -3.633 10.3
Net Debt 1 105.5 179.2 174 163.2 217.2 157 151.5 -
Reference price 2 6.1399 1.1452 1.6659 0.6394 0.7220 0.6567 0.6567 0.6567
Nbr of stocks (in thousands) 190,880 259,125 287,271 291,054 304,244 309,176 - -
Announcement Date 3/16/22 3/16/23 3/14/24 3/6/25 3/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-6.08x2.08x5.98x - 2.13B
44.32x1.2x4.71x - 1.59B
22.64x0.44x5.8x - 228M
-9.38x1.35x5.22x - 203M
-2.74x1.19x6.49x - 127M
16.76x0.62x5.05x - 77.51M
Average 10.92x 1.15x 5.54x 726.66M
Weighted average by Cap. 14.18x 1.59x 5.47x

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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