SNDL - SNDL Inc.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$3.95
DETAILS
HIGH:
$5.00
LOW:
$3.25
MEDIAN:
$3.60
CONSENSUS:
$3.95
UPSIDE:
172.41%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 946.4 | 920.4 | 909.0 | 712.2 | 56.1 | 60.9 | 63.6 | 9.7 | 0 |
| Cost of Revenue | 687.8 | 680.1 | 718.6 | 571.8 | 65.1 | 110.8 | 27.1 | 9.3 | 0 |
| Gross Profit | 258.6 | 240.3 | 190.4 | 140.4 | (9.0) | (49.9) | 36.5 | 0.4 | 0 |
| Operating Expenses | |||||||||
| R&D Expenses | 0.5 | 0.3 | 0.3 | 2.4 | 2.4 | 0.5 | 2.4 | 0.4 | 0 |
| SG&A Expenses | 210.6 | 219.3 | 230.2 | 158.3 | 55.4 | 46.3 | 85.7 | 9.0 | 1.4 |
| Other Expenses | 51.9 | 124.5 | 123.1 | 327.4 | 67.5 | 88.7 | 0.8 | 1.7 | 0.1 |
| Operating Expenses | 263.1 | 344.1 | 353.6 | 488.1 | 125.4 | 135.5 | 88.9 | 11.1 | 1.5 |
| Operating Income | |||||||||
| Operating Income | (4.4) | (103.8) | (163.2) | (347.8) | (134.4) | (185.4) | (52.4) | (12.9) | (1.5) |
| Interest Expense | 7.5 | 7.7 | 7.9 | 5.9 | 0.8 | 8.3 | 16.7 | 0 | 0 |
| Interest Income | 8.0 | 16.4 | 15.4 | 17.6 | 13.7 | 0.2 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 48.0 | (41.2) | (99.1) | (326.5) | (223.8) | (185.5) | (130.6) | (31.3) | (1.4) |
| EBIT | (8.3) | (97.9) | (164.1) | (373.9) | (233.9) | (197.1) | (136.9) | 0 | 0 |
| Income Before Tax | (15.8) | (105.6) | (172.0) | (379.8) | (234.7) | (206.3) | (146.3) | (13.0) | (1.5) |
| Income Tax Expense | 0 | (9.4) | 0 | (7.3) | (7.9) | 0 | (3.6) | 0 | (0.0) |
| Net Income | (15.8) | (94.8) | (172.7) | (335.1) | (227.0) | (233.2) | (271.5) | (13.0) | (1.5) |
| Per Share Data | |||||||||
| EPS (Basic) | -0.06 | -0.38 | -0.65 | -1.50 | -1.24 | -9.50 | -31.78 | -8.50 | -0.18 |
| EPS (Diluted) | -0.06 | -0.38 | -0.65 | -1.50 | -1.24 | -9.50 | -31.78 | -8.50 | -0.18 |
| Shares Outstanding | 258.1 | 264.2 | 259.4 | 229.9 | 186.0 | 21.9 | 8.6 | 8.4 | 8.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 272.6 | 218.4 | 195.0 | 279.6 | 558.3 | 60.4 | 45.3 | 7.7 | 3.7 |
| Short-Term Investments | 0.6 | 30.5 | 6.6 | 32.2 | 90.8 | 0 | 0 | 0 | 0 |
| Net Receivables | 30.4 | 28.1 | 27.1 | 22.6 | 10.9 | 15.9 | 27.6 | 0.3 | 0.1 |
| Inventory | 130.1 | 129.1 | 129.5 | 131.3 | 33.9 | 29.1 | 74.3 | 0.4 | 0 |
| Other Current Assets | 16.3 | 38.9 | 26.3 | 25.7 | 30.0 | 8.3 | 15.8 | 0.1 | 0.3 |
| Total Current Assets | 450.1 | 461.8 | 406.9 | 501.5 | 728.2 | 118.4 | 172.6 | 8.9 | 4.2 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 290.5 | 261.2 | 282.6 | 277.6 | 63.2 | 116.9 | 282.0 | 16.3 | 8.0 |
| Goodwill | 124.4 | 124.2 | 119.3 | 67.3 | 72.5 | 0 | 11.4 | 0 | 0 |
| Intangible Assets | 58.6 | 61.3 | 73.1 | 74.9 | 50.1 | 5.1 | 44.0 | 0.5 | 0.5 |
| Long-Term Investments | 409.2 | 436.9 | 586.4 | 629.6 | 505.9 | 51.9 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.5 | 3.7 | 4.8 | 8.6 | 7.7 | 2.6 | 0 | 0 | 0 |
| Total Non-Current Assets | 887.2 | 887.4 | 1,066.2 | 1,057.9 | 699.5 | 176.5 | 337.4 | 16.8 | 8.5 |
| Total Assets | 1,337.3 | 1,349.2 | 1,473.2 | 1,559.3 | 1,427.7 | 294.9 | 510.0 | 25.8 | 12.7 |
| Current Liabilities | |||||||||
| Account Payables | 28.0 | 27.1 | 22.0 | 9.8 | 4.2 | 4.8 | 20.2 | 0 | 0 |
| Short-Term Debt | 35.5 | 0 | 0 | 0 | 0 | 0 | 177.9 | 7.0 | 7 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 28.8 | 0.0 | 4.4 | 11.0 | 21.7 | 0.4 | 32.5 | 4.9 | (5.9) |
| Total Current Liabilities | 92.3 | 90.6 | 103.1 | 89.4 | 65.9 | 24.1 | 269.2 | 11.9 | 1.1 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 16.2 | 0.1 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 0 | 0 |
| Other Non-Current Liabilities | 8.0 | 7.3 | 4.2 | 2.7 | 4.5 | 0 | (16.2) | 0 | (0.1) |
| Total Non-Current Liabilities | 142.7 | 125.3 | 140.7 | 142.3 | 32.3 | 1.0 | 19.6 | 0.1 | 0.0 |
| Total Liabilities | 235.0 | 215.9 | 243.8 | 231.7 | 98.1 | 25.2 | 288.8 | 12.0 | 1.1 |
| Stockholders' Equity | |||||||||
| Common Stock | 2,312.7 | 2,346.7 | 2,375.9 | 2,292.8 | 2,035.7 | 762.0 | 509.7 | 25.8 | 15.1 |
| Retained Earnings | (1,303.8) | (1,324.0) | (1,260.9) | (1,092.0) | (785.1) | (558.1) | (360.3) | (16.6) | (3.6) |
| Accumulated Other Comprehensive Income | 39.2 | 52.8 | 19.4 | 32.2 | 7.6 | 0 | 6.9 | (0.5) | (0.1) |
| Total Stockholders' Equity | 1,102.3 | 1,133.4 | 1,212.1 | 1,306.5 | 1,329.3 | 271.7 | 216.5 | 13.7 | 11.5 |
| Total Liabilities & Equity | 1,337.3 | 1,349.2 | 1,473.2 | 1,559.3 | 1,427.7 | 294.9 | 510.0 | 25.8 | 12.7 |
| Debt Metrics | |||||||||
| Total Debt | 170.1 | 152.3 | 167.0 | 169.8 | 33.5 | 1.4 | 211.1 | 7.1 | 0.0 |
| Net Debt | (102.5) | (66.1) | (28.0) | (109.8) | (524.8) | (58.9) | 165.8 | (0.5) | (3.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (15.8) | (96.2) | (176.6) | (372.4) | (230.2) | (206.3) | (142.7) | (13.0) | (1.5) |
| Depreciation & Amortization | 56.3 | 56.7 | 64.9 | 47.3 | 9.6 | 11.6 | 6.3 | 0.4 | 0.1 |
| Stock-Based Compensation | 13.9 | 20.0 | 15.4 | 9.7 | 12.3 | 8.6 | 38.7 | 4.6 | 0 |
| Change in Working Capital | 1.4 | (7.4) | (32.9) | (22.1) | (1.5) | (5.3) | (41.6) | 0.9 | (0.2) |
| Other Non-Cash Items | 15.1 | 91.2 | 112.4 | 338.1 | 56.6 | 133.9 | 30.2 | (0.4) | 0.2 |
| Operating Cash Flow | 70.9 | 54.9 | (16.6) | (6.7) | (155.4) | (57.5) | (112.7) | (5.2) | (1.4) |
| Investing Activities | |||||||||
| Capital Expenditure | (12.8) | (11.0) | (7.9) | (10.9) | (3.8) | (3.2) | (110.3) | (7.6) | (4.8) |
| Acquisitions | (3) | (39.5) | (21.4) | (147.8) | (478.3) | 0 | (77.0) | 0 | 0 |
| Purchases of Investments | (16.4) | 0 | (0.7) | (75.6) | (24.2) | (51.9) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 45.6 | 0 | 0 | 0 | 10.7 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 4.1 | 65.9 | 5.2 | 4.1 | (0.6) | (16.0) | (25.9) | (2.1) | 0.9 |
| Investing Cash Flow | 17.5 | 17.8 | (24.8) | (230.2) | (496.3) | (70.9) | (213.1) | (9.7) | (3.9) |
| Financing Activities | |||||||||
| Net Debt Issuance | (39.2) | (37.0) | (41.0) | (37.7) | (10.4) | (66.8) | 185.1 | 0 | 6.9 |
| Stock Repurchased | (15.3) | (13.3) | (1.5) | (13.4) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0.1 | 0.9 | (0.5) | 9.3 | 97.7 | 27.7 | (4.0) | 18.9 | (7.7) |
| Financing Cash Flow | (54.5) | (49.4) | (43.1) | (41.8) | 1,149.6 | 142.7 | 358.3 | 18.9 | 8.7 |
| Cash Position | |||||||||
| Net Change in Cash | 33.9 | 23.3 | (84.5) | (278.7) | 497.9 | 15.0 | 31.2 | 4.0 | 3.4 |
| Cash at Beginning | 218.4 | 195.0 | 279.6 | 558.3 | 60.4 | 45.3 | 14.1 | 3.7 | 0.3 |
| Cash at End | 252.2 | 218.4 | 195.0 | 279.6 | 558.3 | 60.4 | 45.3 | 7.7 | 3.7 |
| Free Cash Flow | 58.1 | 43.9 | (24.6) | (17.6) | (159.2) | (60.7) | (223.0) | (12.8) | (6.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 946.4 | 920.4 | 909.0 | 712.2 | 56.1 | 60.9 | 63.6 | 9.7 | 0 |
| Gross Profit | 258.6 | 240.3 | 190.4 | 140.4 | (9.0) | (49.9) | 36.5 | 0.4 | 0 |
| Operating Income | (4.4) | (103.8) | (163.2) | (347.8) | (134.4) | (185.4) | (52.4) | (12.9) | (1.5) |
| Net Income | (15.8) | (94.8) | (172.7) | (335.1) | (227.0) | (233.2) | (271.5) | (13.0) | (1.5) |
| EPS (Diluted) | -0.06 | -0.38 | -0.65 | -1.50 | -1.24 | -9.50 | -31.78 | -8.50 | -0.18 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 272.6 | 218.4 | 195.0 | 279.6 | 558.3 | 60.4 | 45.3 | 7.7 | 3.7 |
| Total Assets | 1,337.3 | 1,349.2 | 1,473.2 | 1,559.3 | 1,427.7 | 294.9 | 510.0 | 25.8 | 12.7 |
| Total Debt | 170.1 | 152.3 | 167.0 | 169.8 | 33.5 | 1.4 | 211.1 | 7.1 | 0.0 |
| Stockholders' Equity | 1,102.3 | 1,133.4 | 1,212.1 | 1,306.5 | 1,329.3 | 271.7 | 216.5 | 13.7 | 11.5 |
| Cash Flow | |||||||||
| Operating Cash Flow | 70.9 | 54.9 | (16.6) | (6.7) | (155.4) | (57.5) | (112.7) | (5.2) | (1.4) |
| Capital Expenditure | (12.8) | (11.0) | (7.9) | (10.9) | (3.8) | (3.2) | (110.3) | (7.6) | (4.8) |
| Free Cash Flow | 58.1 | 43.9 | (24.6) | (17.6) | (159.2) | (60.7) | (223.0) | (12.8) | (6.2) |