Average trading multiples for U.S.-focused operators were roughly flat versus last week because of a decline in estimates. Canada-focused operators still trade at a premium on sales compared to U.S. operators.
Investor Intelligence: Comp Tables
Comp tables as of March 30, 2020: Multiples expand as US estimates decline
These comp tables provide a benchmark for private investors to evaluate existing and future investments, a way for companies to judge their own valuations for current and future capital raises as well as a menu for public investors to peruse.
Comp tables as of March 23, 2020: Multiples bottom at reasonable valuations
Average trading multiples for U.S.-focused operators compressed this week, while Canada-focused operators still trade at a premium on sales compared to U.S. operators, despite a smaller market and lower margins.
Comp Tables as of March 16, 2020: Market swoon compresses multiples
These comp tables provide a benchmark for private investors to evaluate existing and future investments and a way for companies to judge their own valuations for current and future capital raises, as well as a menu for public investors to peruse.
Comp Tables as of March 9, 2020: Stocks drop 22% on average, compressing multiples further
Average trading multiples for U.S.-focused operators compressed this week, while Canada-focused operators still trade at a premium on sales compared to U.S. operators, despite a smaller market and lower margins.
Comp Tables as of March 2, 2020: Multiples continue to compress
These comp tables provide a benchmark for private investors to evaluate existing and future investments, a way for companies to judge their own valuations for current and future capital raises as well as a menu for public investors to peruse.
Comp Tables as of Feb. 24, 2020: Multiples compress
These comp tables provide a benchmark for private investors to evaluate existing and future investments, a way for companies to judge their own valuations for current and future capital raises as well as a menu for public investors to peruse.
Comp Tables as of Feb. 18, 2020: Multiples rise as estimates decline
These comp tables provide a benchmark for private investors to evaluate existing and future investments, a way for companies to judge their own valuations for current and future capital raises as well as a menu for public investors to peruse.
Comp tables as of Feb. 10: Estimates and multiples drop
Average trading multiples for U.S.-focused operators are 2.5X 2020 sales and 12.5X 2020 EBITDA, down from last week’s 2.6X and 13.4X, respectively. The big changes are that consensus revenue expectations dropped for Harvest Health & Recreation (-8% for 2020 and 13% for 2021) and Curaleaf (-2% for 2020 and -8% for 2021). Canada-focused operators still […]
Comp tables as of Feb 3: Multiples mostly flat
These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.
Comp tables as of Jan. 27: Multiple expansion reverses
These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.
Comp tables as of Jan. 20: Multiples continue to expand
These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.
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