VERANO HOLDINGS CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.7 CAD | -4.01% |
|
-4.83% | +13.95% |
| 05-08 | Transcript : Verano Holdings Corp., Q1 2024 Earnings Call, May 08, 2024 | |
| 05-08 | Verano Holdings Corp. Provides Revenue Guidance for the Second Quarter 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,998 | 1,121 | 1,526 | 1,680 | - | - |
| Enterprise Value (EV) 1 | 4,189 | 1,535 | 1,894 | 1,971 | 1,854 | 1,680 |
| P/E ratio | -19.2 x | -3.92 x | -13 x | -45.4 x | -81.4 x | 69.7 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.42 x | 1.27 x | 1.63 x | 1.8 x | 1.7 x | 1.54 x |
| EV / Revenue | 5.68 x | 1.74 x | 2.02 x | 2.11 x | 1.87 x | 1.54 x |
| EV / EBITDA | 13 x | 4.74 x | 6.21 x | 6.94 x | 5.67 x | 4.62 x |
| EV / FCF | 105 x | -61.8 x | 25.8 x | 22.5 x | 13.5 x | 11.4 x |
| FCF Yield | 0.95% | -1.62% | 3.87% | 4.45% | 7.42% | 8.81% |
| Price to Book | - | 0.8 x | 1.23 x | 1.42 x | - | - |
| Nbr of stocks (in thousands) | 316,153 | 353,366 | 344,072 | 344,163 | - | - |
| Reference price 2 | 12.65 | 3.171 | 4.435 | 4.882 | 4.882 | 4.882 |
| Announcement Date | 22-04-26 | 23-03-30 | 24-02-29 | - | - | - |
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 | 932.6 | 990.2 | 1,090 |
| EBITDA 1 | - | 101.6 | 322.5 | 323.6 | 304.9 | 284.1 | 327.1 | 364 |
| EBIT 1 | - | 212.6 | 107.7 | 66.49 | 143.3 | 145.2 | - | - |
| Operating Margin | - | 93.02% | 14.59% | 7.56% | 15.27% | 15.57% | - | - |
| Earnings before Tax (EBT) 1 | - | 203.5 | 91.96 | -163.4 | 36.37 | 92.45 | - | - |
| Net income 1 | -18.43 | 124.1 | -14.68 | -269.2 | -112.7 | -30.77 | - | - |
| Net margin | -27.94% | 54.31% | -1.99% | -30.61% | -12.01% | -3.3% | - | - |
| EPS 2 | - | 7.740 | -0.6600 | -0.8100 | -0.3400 | -0.1075 | -0.0600 | 0.0700 |
| Free Cash Flow 1 | - | 16.97 | 39.93 | -24.83 | 73.38 | 87.65 | 137.5 | 148 |
| FCF margin | - | 7.42% | 5.41% | -2.82% | 7.82% | 9.4% | 13.89% | 13.58% |
| FCF Conversion (EBITDA) | - | 16.7% | 12.38% | - | 24.07% | 30.85% | 42.04% | 40.66% |
| FCF Conversion (Net income) | - | 13.67% | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 21-01-04 | 21-04-08 | 22-04-26 | 23-03-30 | 24-02-29 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 211.4 | 202.2 | 223.7 | 227.6 | 225.9 | 227.1 | 234.1 | 240.1 | 237.2 | 221.3 | 227.8 | 238.7 | 247.5 | 243.9 | 249.3 |
| EBITDA 1 | 83.65 | 80.82 | 75.53 | 82.12 | 78.71 | 70.64 | 71.51 | 89.35 | 73.38 | 66.55 | 69.68 | 73.86 | 73.92 | 78.05 | 81.7 |
| EBIT 1 | 44.76 | 19.68 | -2.148 | 37.08 | 22.3 | 33.94 | 30.53 | 40.29 | 31.9 | 22.67 | 33.85 | 41.45 | 43.35 | - | - |
| Operating Margin | 21.17% | 9.73% | -0.96% | 16.29% | 9.87% | 14.95% | 13.04% | 16.78% | 13.45% | 10.24% | 14.86% | 17.36% | 17.52% | - | - |
| Earnings before Tax (EBT) 1 | 45.75 | 36.12 | 1.256 | 26.39 | -216.6 | 19.08 | 14.62 | 27.03 | -24.36 | 6.655 | 21.05 | 28.65 | 30.55 | - | - |
| Net income 1 | 27.23 | -7.001 | -9.847 | -42.99 | -216.1 | -9.237 | -13.06 | -17.84 | -72.58 | -4.822 | -9.1 | -4.533 | -3.3 | - | - |
| Net margin | 12.88% | -3.46% | -4.4% | -18.89% | -95.65% | -4.07% | -5.58% | -7.43% | -30.6% | -2.18% | -3.99% | -1.9% | -1.33% | - | - |
| EPS 2 | -0.0500 | -0.0200 | -0.0300 | -0.1300 | -0.6300 | -0.0300 | -0.0400 | -0.0500 | -0.2200 | - | -0.0600 | -0.0500 | -0.0500 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 22-04-26 | 22-05-25 | 22-08-16 | 22-11-14 | 23-03-30 | 23-05-10 | 23-08-08 | 23-11-08 | 24-02-29 | 24-05-08 | - | - | - | - | - |
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 | 291 | 174 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3609 x | 0.5916 x | 1.279 x | 1.207 x | 1.023 x | 0.532 x | - |
| Free Cash Flow 1 | - | 17 | 39.9 | -24.8 | 73.4 | 87.7 | 138 | 148 |
| ROE (net income / shareholders' equity) | - | 70.1% | -1.81% | - | -2.48% | -2.9% | - | - |
| ROA (Net income/ Total Assets) | - | 38% | -1.02% | - | -4.52% | -3.9% | - | - |
| Assets 1 | - | 326.7 | 1,438 | - | 2,492 | 788.9 | - | - |
| Book Value Per Share 2 | - | - | - | 3.950 | 3.620 | 3.440 | - | - |
| Cash Flow per Share 2 | - | - | 0.6500 | 0.2800 | 0.3200 | 0.3000 | 0.5200 | - |
| Capex 1 | - | 60.4 | 141 | 119 | 36.3 | 39.5 | 26.8 | 20 |
| Capex / Sales | - | 26.42% | 19.15% | 13.55% | 3.87% | 4.23% | 2.7% | 1.84% |
| Announcement Date | 21-01-04 | 21-04-08 | 22-04-26 | 23-03-30 | 24-02-29 | - | - | - |
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
4.882
USD
Average target price
9.213
USD
Spread / Average Target
+88.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.95% | 1.68B | |
| +14.32% | 2.94B | |
| +98.52% | 673M | |
| +3.18% | 482M | |
| +5.60% | 110M | |
| +0.28% | 96.49M | |
| +44.94% | 53.89M |
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