Stock NOVC NOVA CANNABIS INC.
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Financials Nova Cannabis Inc.

Equities

NOVC

CA66980W1041

Drug Retailers

Market Closed - Toronto S.E.
Other stock markets
 17:16:38 27/06/2024 BST 		5-day change 1st Jan Change
1.24 CAD +5.98% Intraday chart for Nova Cannabis Inc. 0.00% +39.33%
06-20 Transcript : Nova Cannabis Inc. - Shareholder/Analyst Call
05-09 Nova Cannabis Brief: SNDL Inc. and Nova Completed Assignment of SNDL's Rights to Own or Operate Four Dutch Love Stores to Nova Upon the Terms Announced on April 1, 2024 MT

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 160.4 70.87 50.91 72.64 - -
Enterprise Value (EV) 1 160.4 70.87 50.91 72.64 72.64 72.64
P/E ratio -7.21 x - - - - -
Yield - - - - - -
Capitalization / Revenue - 0.31 x 0.2 x 0.26 x 0.23 x 0.2 x
EV / Revenue - 0.31 x 0.2 x 0.26 x 0.23 x 0.2 x
EV / EBITDA - 11.1 x 2.33 x 3.26 x 2.23 x -
EV / FCF - -8.36 x - 16.9 x 7.31 x -
FCF Yield - -12% - 5.92% 13.7% -
Price to Book - - - - - -
Nbr of stocks (in thousands) 57,093 57,155 57,206 62,082 - -
Reference price 2 2.810 1.240 0.8900 1.240 1.240 1.240
Announcement Date 21/03/22 29/03/23 26/03/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 63.31 - 226.4 259.3 277.2 322 370
EBITDA 1 - - 6.412 21.83 22.26 32.56 -
EBIT 1 - - -7.542 - 12.7 22 -
Operating Margin - - -3.33% - 4.58% 6.83% -
Earnings before Tax (EBT) - - - - - - -
Net income -2.073 -20.61 - - - - -
Net margin -3.27% - - - - - -
EPS - -0.3900 - - - - -
Free Cash Flow 1 - - -8.473 - 4.3 9.934 -
FCF margin - - -3.74% - 1.55% 3.09% -
FCF Conversion (EBITDA) - - - - 19.32% 30.51% -
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 13/04/21 21/03/22 29/03/23 26/03/24 - - -
1CAD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 47.6 49.83 56.3 58.91 61.38 - 67.4 64.26 67.8 70.75 74.37 72.8 79.6
EBITDA 1 0.012 -0.174 2.104 2.279 2.203 - 6.391 4.481 5.066 5.918 6.781 - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - -1.37 - - 2.097 - - - - - - -
Net margin - - -2.43% - - - - - - - - - -
EPS 2 - - -0.0200 - - 0.0400 - - 0.0200 0.0300 0.0400 - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 21/03/22 09/05/22 12/08/22 08/11/22 29/03/23 08/11/23 26/03/24 08/05/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - - -8.47 - 4.3 9.93 -
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 - - 8.41 - 5.9 7.2 -
Capex / Sales - - 3.71% - 2.13% 2.24% -
Announcement Date 13/04/21 21/03/22 29/03/23 26/03/24 - - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.24 CAD
Average target price
3.625 CAD
Spread / Average Target
+192.34%
Consensus

Quarterly earnings - Rate of surprise

Company calendar

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Cannabis Product Retailers
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