OTCMVRNOF
Market cap446mUSD
Dec 24, Last price
1.28USD
1D
2.40%
1Q
-61.79%
IPO
-92.99%
Name
Verano Holdings Corp
Chart & Performance
P/E
—
P/S
0.49
EPS
—
Div Yield, %
0.00%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
938m
+6.71%
Net income
-117m
L-56.36%
CFO
110m
+16.28%
Earnings
Feb 26, 2025
Profile
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. The company offers artisanal cannabis products under the Encore, Avexia, MUV, and Verano brands for medical and adult-use markets. As of May 10, 2022, it operated 96 retail dispensaries, and 13 cultivation and processing facilities. The company is headquartered in Chicago, Illinois.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 938,452 6.71% | 879,412 19.19% | 737,850 153.74% | ||
Cost of revenue | 463,246 | 457,516 | 591,468 | ||
Unusual Expense (Income) | |||||
NOPBT | 475,206 | 421,896 | 146,382 | ||
NOPBT Margin | 50.64% | 47.97% | 19.84% | ||
Operating Taxes | 145,146 | 105,470 | 104,127 | ||
Tax Rate | 30.54% | 25.00% | 71.13% | ||
NOPAT | 330,060 | 316,426 | 42,255 | ||
Net income | (117,348) -56.36% | (268,873) 2,109.85% | (12,167) | ||
Dividends | |||||
Dividend yield | |||||
Proceeds from repurchase of equity | |||||
BB yield | |||||
| Debt | |||||
Debt current | 61,755 | 33,353 | 20,334 | ||
Long-term debt | 578,181 | 551,135 | 396,341 | ||
Deferred revenue | 255 | 1,183 | |||
Other long-term liabilities | 3,228 | 5,739 | |||
Net debt | 465,076 | 492,660 | 309,929 | ||
| Cash flow | |||||
Cash from operating activities | 109,710 | 94,347 | 181,197 | ||
CAPEX | (36,330) | (119,174) | (149,639) | ||
Cash from investing activities | (47,400) | (207,851) | (454,157) | ||
Cash from financing activities | 27,604 | 99,245 | 355,676 | ||
FCF | 187,556 | 84,725 | (295,943) | ||
| Balance | |||||
Cash | 174,760 | 84,851 | 99,118 | ||
Long term investments | 100 | 6,977 | 7,628 | ||
Excess cash | 127,937 | 47,857 | 69,854 | ||
Stockholders' equity | 1,240,080 | 1,341,550 | 1,478,735 | ||
Invested Capital | 1,658,160 | 1,545,666 | 1,609,514 | ||
ROIC | 20.60% | 20.06% | 5.25% | ||
ROCE | 24.14% | 23.57% | 7.54% | ||
| EV | |||||
Common stock shares outstanding | 342,774 | 331,409 | 290,443 | ||
Price | 4.48 43.59% | 3.12 -75.24% | 12.60 | ||
Market cap | 1,535,629 48.51% | 1,033,997 -71.75% | 3,659,587 | ||
EV | 2,000,705 | 1,526,657 | 3,972,467 | ||
EBITDA | 626,832 | 572,221 | 242,626 | ||
EV/EBITDA | 3.19 | 2.67 | 16.37 | ||
Interest | 59,793 | 49,431 | 24,270 | ||
Interest/NOPBT | 12.58% | 11.72% | 16.58% | ||