TerrAscend Corp. logo TSNDF - TerrAscend Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $2.93 DETAILS
HIGH: $3.00
LOW: $2.85
MEDIAN: $2.92
CONSENSUS: $2.93
UPSIDE: 350.77%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Distressed or Transitioning 75% confidence

Primary model: Current FCF × Depressed Multiple

Valuation Signal Overvalued Mild
Trading 0.0% below fair value
Current Price $0.65
Bear Case $0.00 100.0% downside ($0.00 - $0.65) / $0.65 = -100.0% FCF continues to decline, 4x multiple
Fair Value $0.00 100.0% downside ($0.00 - $0.65) / $0.65 = -100.0% Current FCF stabilizes, 6x multiple
Bull Case $0.00 100.0% downside ($0.00 - $0.65) / $0.65 = -100.0% Credible recovery, multiple re-rates to 8x

Adjust Assumptions

6.0x

Key Value Driver

Whether the core business model is intact or structurally impaired

Implied Market Multiple 34.6x

Plain-Language Summary

Stock is 55% below 52-week high. Using current FCF at a 6x depressed multiple, base-case value is $0.00. Wide scenario range: $0.00–$0.00.

Warnings

Don't assume past cash flow levels will return — the company's troubles may have permanently reduced its ability to generate profits.
A stock can look cheap on paper and still lose half its value if the underlying business is permanently damaged.
The wide range between our best and worst cases is intentional — pretending to know a precise value for a troubled company would be misleading.
Debt per share ($0.59) is more than half the stock price. With this much debt on a struggling business, the paths to recovery for shareholders are narrow.

Key Risks

  • Bullish DCF projections are fundamentally unknowable for distressed companies
  • M&A speculation can floor the stock above intrinsic value temporarily
  • Management credibility is a key input — new CEO expands the bull case