VERANO HOLDINGS CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.82 CAD | -1.02% |
|
-1.87% | +15.99% |
| May. 09 | Verano Holdings Corp. Accelerates Retail Expansion in Central Florida with the Opening of MUV Haines City | CI |
| May. 08 | Transcript : Verano Holdings Corp., Q1 2024 Earnings Call, May 08, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 3,998 | 1,121 | 1,526 | 1,718 | - | - |
| Enterprise Value (EV) 1 | 4,189 | 1,535 | 1,894 | 1,955 | 1,895 | 1,750 |
| P/E ratio | -19.2 x | -3.92 x | -13 x | -35.4 x | -39.9 x | 83.2 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 5.42 x | 1.27 x | 1.63 x | 1.85 x | 1.73 x | 1.63 x |
| EV / Revenue | 5.68 x | 1.74 x | 2.02 x | 2.11 x | 1.91 x | 1.66 x |
| EV / EBITDA | 13 x | 4.74 x | 6.21 x | 6.83 x | 5.92 x | 4.81 x |
| EV / FCF | 105 x | -61.8 x | 25.8 x | 22.9 x | 15.4 x | 11.8 x |
| FCF Yield | 0.95% | -1.62% | 3.87% | 4.37% | 6.51% | 8.46% |
| Price to Book | - | 0.8 x | 1.23 x | 1.45 x | - | - |
| Nbr of stocks (in thousands) | 316,153 | 353,366 | 344,072 | 344,163 | - | - |
| Reference price 2 | 12.65 | 3.171 | 4.435 | 4.992 | 4.992 | 4.992 |
| Announcement Date | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
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 | 928.5 | 993.6 | 1,056 |
| EBITDA 1 | - | 101.6 | 322.5 | 323.6 | 304.9 | 286.2 | 320.3 | 363.6 |
| EBIT 1 | - | 212.6 | 107.7 | 66.49 | 143.3 | 116.5 | 131.8 | 164 |
| Operating Margin | - | 93.02% | 14.59% | 7.56% | 15.27% | 12.54% | 13.27% | 15.53% |
| Earnings before Tax (EBT) 1 | - | 203.5 | 91.96 | -163.4 | 36.37 | 51.54 | 108.7 | 164 |
| Net income 1 | -18.43 | 124.1 | -14.68 | -269.2 | -112.7 | -48.46 | -34.2 | 15 |
| Net margin | -27.94% | 54.31% | -1.99% | -30.61% | -12.01% | -5.22% | -3.44% | 1.42% |
| EPS 2 | - | 7.740 | -0.6600 | -0.8100 | -0.3400 | -0.1409 | -0.1250 | 0.0600 |
| Free Cash Flow 1 | - | 16.97 | 39.93 | -24.83 | 73.38 | 85.38 | 123.3 | 148 |
| FCF margin | - | 7.42% | 5.41% | -2.82% | 7.82% | 9.2% | 12.41% | 14.02% |
| FCF Conversion (EBITDA) | - | 16.7% | 12.38% | - | 24.07% | 29.83% | 38.5% | 40.71% |
| FCF Conversion (Net income) | - | 13.67% | - | - | - | - | - | 986.67% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 1/4/21 | 4/8/21 | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
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 | 226.3 | 236.9 | 244.7 | 240.7 | 246 |
| EBITDA 1 | 83.65 | 80.82 | 75.53 | 82.12 | 78.71 | 70.64 | 71.51 | 89.35 | 73.38 | 66.55 | 68.95 | 73.75 | 76.14 | 77.8 | 80.38 |
| EBIT 1 | 44.76 | 19.68 | -2.148 | 37.08 | 22.3 | 33.94 | 30.53 | 40.29 | 31.9 | 22.67 | 28 | 31.28 | 34.33 | 34.4 | 38.1 |
| Operating Margin | 21.17% | 9.73% | -0.96% | 16.29% | 9.87% | 14.95% | 13.04% | 16.78% | 13.45% | 10.24% | 12.37% | 13.21% | 14.03% | 14.29% | 15.49% |
| 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 | 13.09 | 16.38 | 19.46 | 18.5 | 22.2 |
| Net income 1 | 27.23 | -7.001 | -9.847 | -42.99 | -216.1 | -9.237 | -13.06 | -17.84 | -72.58 | -4.822 | -17.56 | -15.17 | -12.45 | -13.4 | -10.8 |
| Net margin | 12.88% | -3.46% | -4.4% | -18.89% | -95.65% | -4.07% | -5.58% | -7.43% | -30.6% | -2.18% | -7.76% | -6.4% | -5.09% | -5.57% | -4.39% |
| EPS 2 | -0.0500 | -0.0200 | -0.0300 | -0.1300 | -0.6300 | -0.0300 | -0.0400 | -0.0500 | -0.2200 | - | -0.0448 | -0.0337 | -0.0320 | -0.0400 | -0.0300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/26/22 | 5/25/22 | 8/16/22 | 11/14/22 | 3/30/23 | 5/10/23 | 8/8/23 | 11/8/23 | 2/29/24 | 5/8/24 | - | - | - | - | - |
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 | 237 | 177 | 32 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3609 x | 0.5916 x | 1.279 x | 1.207 x | 0.8269 x | 0.5526 x | 0.088 x |
| Free Cash Flow 1 | - | 17 | 39.9 | -24.8 | 73.4 | 85.4 | 123 | 148 |
| ROE (net income / shareholders' equity) | - | 70.1% | -1.81% | - | -2.48% | -2.9% | 10.6% | - |
| ROA (Net income/ Total Assets) | - | 38% | -1.02% | - | -4.52% | - | 8.1% | - |
| Assets 1 | - | 326.7 | 1,438 | - | 2,492 | - | -422.2 | - |
| Book Value Per Share 2 | - | - | - | 3.950 | 3.620 | 3.440 | - | - |
| Cash Flow per Share 2 | - | - | 0.6500 | 0.2800 | 0.3200 | 0.5200 | 0.5200 | - |
| Capex 1 | - | 60.4 | 141 | 119 | 36.3 | 40.1 | 26.8 | 20 |
| Capex / Sales | - | 26.42% | 19.15% | 13.55% | 3.87% | 4.32% | 2.69% | 1.89% |
| Announcement Date | 1/4/21 | 4/8/21 | 4/26/22 | 3/30/23 | 2/29/24 | - | - | - |
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
4.992
USD
Average target price
9.186
USD
Spread / Average Target
+84.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +15.99% | 1.72B | |
| +17.55% | 3.03B | |
| +3.18% | 484M | |
| +45.54% | 180M | |
| -4.48% | 99.66M | |
| +0.97% | 97.37M | |
| +56.25% | 71.9M | |
| +44.94% | 54.13M |
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