AYR WELLNESS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.25 CAD | +3.83% |
|
+1.56% | +33.74% |
| Mar. 27 | Ayr Wellness Inc. Launches Kynd Premium Edibles in Florida and Nevada | CI |
| Mar. 27 | Ayr Wellness Inc. Announces Upsizing of Gainesville Cultivation Facility Mortgage | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 249.8 | 885.8 | 1,019 | 86.74 | 141.7 | 261.2 | - | - |
| Enterprise Value (EV) 2 | 299.5 | 949.2 | 1,247 | 663.9 | 726.9 | 705.3 | 848.4 | 261.2 |
| P/E ratio | -0.98 x | -3.78 x | -50.1 x | -0.33 x | -0.49 x | -4.83 x | -7.44 x | -16.2 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.32 x | 5.71 x | 2.85 x | 0.19 x | 0.31 x | 0.53 x | 0.48 x | 0.47 x |
| EV / Revenue | 3.98 x | 6.12 x | 3.49 x | 1.43 x | 1.57 x | 1.43 x | 1.54 x | 0.47 x |
| EV / EBITDA | 14.3 x | 16.9 x | 12.7 x | 7.65 x | 6.38 x | 5.69 x | 5.97 x | 1.9 x |
| EV / FCF | -27.6 x | 42.9 x | -9.76 x | -6.87 x | -69.1 x | 30.7 x | 19.7 x | 12.4 x |
| FCF Yield | -3.62% | 2.33% | -10.2% | -14.6% | -1.45% | 3.26% | 5.07% | 8.04% |
| Price to Book | - | 4.44 x | 0.85 x | - | 0.23 x | 0.67 x | 0.37 x | 0.39 x |
| Nbr of stocks (in thousands) | 26,502 | 37,297 | 67,326 | 71,718 | 77,286 | 110,036 | - | - |
| Reference price 3 | 12.25 | 30.25 | 19.14 | 1.640 | 2.430 | 3.250 | 3.250 | 3.250 |
| Announcement Date | 2/26/20 | 3/10/21 | 3/17/22 | 3/9/23 | 3/13/24 | - | - | - |
1CAD in Million2USD in Million3CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 75.2 | 155.1 | 357.6 | 465.6 | 463.6 | 491.6 | 549.8 | 561.2 |
| EBITDA 1 | 20.9 | 56.19 | 97.97 | 86.82 | 114 | 124.1 | 142.1 | 137.8 |
| EBIT 1 | -23.46 | 16.12 | -56.01 | -243 | -37.21 | 7.45 | 46.5 | 59.6 |
| Operating Margin | -31.19% | 10.39% | -15.66% | -52.19% | -8.03% | 1.52% | 8.46% | 10.62% |
| Earnings before Tax (EBT) 1 | -159.3 | -152 | 12.31 | -210.1 | -45.76 | 0.0615 | 11.7 | 30.7 |
| Net income 1 | -164.2 | -176.3 | -16.95 | -245.5 | -272.4 | -63.66 | 8.5 | 22.2 |
| Net margin | -218.34% | -113.68% | -4.74% | -52.72% | -58.76% | -12.95% | 1.55% | 3.96% |
| EPS 2 | -12.54 | -7.994 | -0.3822 | -4.935 | -4.969 | -0.6734 | -0.4370 | -0.2005 |
| Free Cash Flow 1 | -10.84 | 22.14 | -127.8 | -96.66 | -10.51 | 23 | 43 | 21 |
| FCF margin | -14.42% | 14.28% | -35.73% | -20.76% | -2.27% | 4.68% | 7.82% | 3.74% |
| FCF Conversion (EBITDA) | - | 39.41% | - | - | - | 18.54% | 30.26% | 15.23% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 505.88% | 94.59% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 3/10/21 | 3/17/22 | 3/9/23 | 3/13/24 | - | - | - |
1USD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 96.19 | 111.8 | 111.2 | 110.1 | 119.6 | 124.6 | 117.7 | 116.7 | 114.4 | 114.8 | 115.6 | 119.7 | 124.6 | 128.7 |
| EBITDA 1 | 26 | 26.14 | 19.5 | 19.64 | 21.67 | 26.01 | 26.34 | 29.45 | 28.43 | 29.76 | 28.66 | 30.29 | 31.93 | 32.91 |
| EBIT 1 | -8.9 | -13.86 | -21.13 | -24.8 | -20.68 | -176.2 | -21.68 | -4.539 | -1.451 | -9.544 | 2.2 | 3.5 | 4.5 | 5.4 |
| Operating Margin | -9.25% | -12.4% | -18.99% | -22.52% | -17.29% | -141.41% | -18.43% | -3.89% | -1.27% | -8.31% | 1.9% | 2.92% | 3.61% | 4.19% |
| Earnings before Tax (EBT) 1 | 6.627 | 33.41 | 2.114 | -30.56 | -26.84 | -154.8 | -1.205 | -18.32 | -5.727 | -20.51 | -8.333 | -7.033 | -5.667 | -5.1 |
| Net income 1 | -3.379 | 23.79 | -7.576 | -38.36 | -36.12 | -166.4 | -194.6 | -29.93 | -19.25 | -28.28 | -23.12 | -22.5 | -21.68 | -21.52 |
| Net margin | -3.51% | 21.28% | -6.81% | -34.83% | -30.19% | -133.53% | -165.39% | -25.64% | -16.82% | -24.62% | -20.01% | -18.8% | -17.4% | -16.72% |
| EPS 2 | -0.0758 | 0.4460 | -0.1412 | -0.7235 | -0.6997 | -3.309 | -3.752 | -0.5540 | -0.3415 | -0.4996 | -0.2812 | -0.2542 | -0.2440 | -0.2408 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/22/21 | 3/17/22 | 5/26/22 | 8/18/22 | 11/10/22 | 3/9/23 | 5/16/23 | 8/17/23 | 11/16/23 | 3/13/24 | - | - | - | - |
1USD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 49.7 | 63.4 | 228 | 577 | 585 | 444 | 587 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.379 x | 1.128 x | 2.328 x | 6.648 x | 5.135 x | 3.58 x | 4.132 x | - |
| Free Cash Flow 1 | -10.8 | 22.1 | -128 | -96.7 | -10.5 | 23 | 43 | 21 |
| ROE (net income / shareholders' equity) | - | -110% | -2.6% | - | -38.8% | -15.6% | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | -16.9% | -8.8% | - | - |
| Assets 1 | - | - | - | - | 1,614 | 723.4 | - | - |
| Book Value Per Share 2 | - | 6.820 | 22.50 | - | 10.40 | 4.820 | 8.810 | 8.340 |
| Cash Flow per Share 2 | 0.3000 | 1.650 | -0.6100 | -0.6700 | 0.4900 | -0.4000 | - | - |
| Capex 1 | 14.4 | 14.4 | 100 | 62.5 | 27.7 | 24 | 20 | 20 |
| Capex / Sales | 19.17% | 9.26% | 27.96% | 13.42% | 5.97% | 4.88% | 3.64% | 3.56% |
| Announcement Date | 2/26/20 | 3/10/21 | 3/17/22 | 3/9/23 | 3/13/24 | - | - | - |
1USD in Million2CAD
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
8
Last Close Price
3.25
CAD
Average target price
5.96
CAD
Spread / Average Target
+83.38%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +33.74% | 261M | |
| +31.96% | 272M | |
| +49.42% | 194M | |
| +44.98% | 131M | |
| -42.17% | 119M | |
| -28.57% | 121M | |
| +115.91% | 119M | |
| 0.00% | 86.82M | |
| +150.00% | 75.33M | |
| +1.20% | 55.24M |
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- Financials Ayr Wellness Inc.
