Company Valuation: TerrAscend Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,172 296.8 478.6 186.1 219.7 182.9 - -
Change - -74.68% 61.26% -61.11% 18.04% -16.75% - -
Enterprise Value (EV) 1 1,277 476 652.6 349.3 436.9 347.4 333.9 182.9
Change - -62.74% 37.1% -46.47% 25.06% -20.48% -3.89% -45.23%
P/E 614x -0.85x -4.76x -2.28x -2.49x -7.38x -9.85x -
PBR 4.97x 0.98x 2x 1.06x 2.28x 3.69x 9.85x -
PEG - 0x 0.1x 0.1x -0.7x 0.1x 0.4x -
Capitalization / Revenue 5.57x 1.2x 1.51x 0.61x 0.84x 0.69x 0.65x 0.63x
EV / Revenue 6.07x 1.92x 2.06x 1.14x 1.68x 1.31x 1.19x 0.63x
EV / EBITDA 19.5x 12.3x 9.48x 5.76x 6.44x 5.01x 4.58x 2.23x
EV / EBIT 54.4x -20x 15.7x -20.4x 10.4x 8.08x 7.18x -
EV / FCF -17.7x -7.24x 33.1x 12.2x 17.3x 19x 14.4x -
FCF Yield -5.66% -13.8% 3.02% 8.18% 5.79% 5.25% 6.93% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.01 -1.35 -0.35 -0.28 -0.29 -0.08 -0.06 -
Distribution rate - - - - - - - -
Net sales 1 210.4 247.8 317.3 306.7 260.1 265.1 281 289.7
EBITDA 1 65.64 38.84 68.8 60.69 67.81 69.3 72.93 82.1
EBIT 1 23.48 -23.74 41.44 -17.11 42.02 43 46.5 -
Net income 1 3.111 -329.9 -95.54 -80.23 -86.23 -20.1 -15.4 -
Net Debt 1 105.5 179.2 174 163.2 217.2 164.5 151 -
Reference price 2 6.1399 1.1452 1.6659 0.6394 0.7220 0.5908 0.5908 0.5908
Nbr of stocks (in thousands) 190,880 259,125 287,271 291,054 304,244 309,561 - -
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.($)
53.73x1.43x5.34x - 1.56B
99.75x0.41x5.38x - 198M
Average 76.74x 0.92x 5.36x 880.66M
Weighted average by Cap. 58.90x 1.31x 5.34x

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA