Company Valuation: TerrAscend Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,172 296.8 478.6 186.1 219.7 179.6 - -
Change - -74.68% 61.26% -61.11% 18.04% -18.22% - -
Enterprise Value (EV) 1 1,277 476 652.6 349.3 436.9 336.6 331.1 179.6
Change - -62.74% 37.1% -46.47% 25.06% -22.94% -1.63% -45.75%
P/E 614x -0.85x -4.76x -2.28x -2.49x -8.3x -23.2x 58.1x
PBR 4.97x 0.98x 2x 1.06x 2.28x 3.06x 3.87x -
PEG - 0x 0.1x 0.1x -0.7x 0.1x 0.4x -0x
Capitalization / Revenue 5.57x 1.2x 1.51x 0.61x 0.84x 0.67x 0.63x 0.59x
EV / Revenue 6.07x 1.92x 2.06x 1.14x 1.68x 1.26x 1.16x 0.59x
EV / EBITDA 19.5x 12.3x 9.48x 5.76x 6.44x 4.88x 4.44x 2.2x
EV / EBIT 54.4x -20x 15.7x -20.4x 10.4x 7.4x 6.56x -
EV / FCF -17.7x -7.24x 33.1x 12.2x 17.3x 17.6x 16.6x -
FCF Yield -5.66% -13.8% 3.02% 8.18% 5.79% 5.69% 6.02% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.01 -1.35 -0.35 -0.28 -0.29 -0.07 -0.025 0.01
Distribution rate - - - - - - - -
Net sales 1 210.4 247.8 317.3 306.7 260.1 267 285.7 304.8
EBITDA 1 65.64 38.84 68.8 60.69 67.81 68.97 74.5 81.65
EBIT 1 23.48 -23.74 41.44 -17.11 42.02 45.5 50.5 -
Net income 1 3.111 -329.9 -95.54 -80.23 -86.23 -18.23 -3.633 10.3
Net Debt 1 105.5 179.2 174 163.2 217.2 157 151.5 -
Reference price 2 6.1399 1.1452 1.6659 0.6394 0.7220 0.5810 0.5810 0.5810
Nbr of stocks (in thousands) 190,880 259,125 287,271 291,054 304,244 309,176 - -
Announcement Date 3/16/22 A 3/16/23 A 3/14/24 A 3/6/25 A 3/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-8.31x1.26x4.89x - 180M
45.17x1.19x4.68x - 1.57B
73.38x0.4x5.18x - 205M
19.32x0.6x5.85x - 84.34M
Average 32.39x 0.86x 5.15x 508.81M
Weighted average by Cap. 42.21x 1.09x 4.80x

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation TerrAscend Corp.