Intrinsic value of Canopy Growth Corporation - WEED

Previous Close

$12.93

  Intrinsic Value

$0.55

stock screener

  Rating & Target

str. sell

-96%

Previous close

$12.93

 
Intrinsic value

$0.55

 
Up/down potential

-96%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of WEED stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  207.69
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  40
  64
  99
  148
  215
  303
  416
  559
  733
  944
  1,192
  1,480
  1,810
  2,181
  2,596
  3,052
  3,550
  4,089
  4,669
  5,288
  5,945
  6,640
  7,372
  8,139
  8,943
  9,783
  10,658
  11,570
  12,518
  13,504
  14,529
Variable operating expenses, $m
 
  64
  86
  116
  158
  213
  283
  372
  481
  612
  766
  922
  1,127
  1,358
  1,616
  1,900
  2,210
  2,546
  2,906
  3,292
  3,701
  4,133
  4,589
  5,067
  5,567
  6,090
  6,635
  7,202
  7,793
  8,406
  9,045
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  56
  64
  86
  116
  158
  213
  283
  372
  481
  612
  766
  922
  1,127
  1,358
  1,616
  1,900
  2,210
  2,546
  2,906
  3,292
  3,701
  4,133
  4,589
  5,067
  5,567
  6,090
  6,635
  7,202
  7,793
  8,406
  9,045
Operating income, $m
  -16
  0
  13
  32
  57
  90
  133
  187
  253
  332
  426
  559
  683
  824
  980
  1,152
  1,340
  1,544
  1,763
  1,996
  2,244
  2,507
  2,783
  3,073
  3,376
  3,693
  4,023
  4,368
  4,726
  5,098
  5,485
EBITDA, $m
  -10
  33
  51
  76
  111
  157
  215
  289
  379
  488
  616
  765
  936
  1,128
  1,342
  1,578
  1,836
  2,115
  2,414
  2,734
  3,074
  3,433
  3,812
  4,209
  4,624
  5,059
  5,511
  5,983
  6,473
  6,983
  7,513
Interest expense (income), $m
  0
  0
  2
  3
  6
  10
  14
  21
  28
  38
  49
  62
  78
  95
  115
  138
  162
  189
  218
  249
  282
  318
  355
  394
  436
  479
  524
  571
  620
  671
  724
Earnings before tax, $m
  -17
  0
  12
  28
  51
  80
  119
  166
  225
  295
  377
  497
  605
  728
  864
  1,014
  1,178
  1,355
  1,545
  1,747
  1,962
  2,189
  2,428
  2,678
  2,940
  3,214
  3,499
  3,796
  4,105
  4,427
  4,761
Tax expense, $m
  0
  0
  3
  8
  14
  22
  32
  45
  61
  80
  102
  134
  163
  197
  233
  274
  318
  366
  417
  472
  530
  591
  655
  723
  794
  868
  945
  1,025
  1,108
  1,195
  1,285
Net income, $m
  -17
  0
  8
  21
  37
  59
  87
  121
  164
  215
  275
  363
  442
  531
  631
  741
  860
  989
  1,127
  1,275
  1,432
  1,598
  1,772
  1,955
  2,146
  2,346
  2,554
  2,771
  2,997
  3,231
  3,475

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  102
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  678
  928
  1,433
  2,143
  3,110
  4,387
  6,031
  8,096
  10,630
  13,679
  17,277
  21,454
  26,230
  31,616
  37,617
  44,230
  51,451
  59,267
  67,666
  76,636
  86,161
  96,231
  106,833
  117,961
  129,610
  141,776
  154,463
  167,675
  181,422
  195,715
  210,571
Adjusted assets (=assets-cash), $m
  576
  928
  1,433
  2,143
  3,110
  4,387
  6,031
  8,096
  10,630
  13,679
  17,277
  21,454
  26,230
  31,616
  37,617
  44,230
  51,451
  59,267
  67,666
  76,636
  86,161
  96,231
  106,833
  117,961
  129,610
  141,776
  154,463
  167,675
  181,422
  195,715
  210,571
Revenue / Adjusted assets
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
  0.069
Average production assets, $m
  168
  268
  414
  619
  899
  1,268
  1,743
  2,339
  3,072
  3,953
  4,993
  6,200
  7,580
  9,136
  10,870
  12,781
  14,868
  17,126
  19,554
  22,146
  24,898
  27,808
  30,872
  34,088
  37,454
  40,969
  44,636
  48,453
  52,426
  56,556
  60,849
Working capital, $m
  160
  32
  49
  74
  107
  151
  208
  279
  367
  472
  596
  740
  905
  1,091
  1,298
  1,526
  1,775
  2,045
  2,334
  2,644
  2,973
  3,320
  3,686
  4,070
  4,472
  4,891
  5,329
  5,785
  6,259
  6,752
  7,265
Total debt, $m
  10
  45
  99
  174
  277
  412
  586
  805
  1,074
  1,397
  1,778
  2,221
  2,727
  3,298
  3,934
  4,635
  5,401
  6,229
  7,120
  8,070
  9,080
  10,147
  11,271
  12,451
  13,686
  14,975
  16,320
  17,721
  19,178
  20,693
  22,267
Total liabilities, $m
  63
  98
  152
  227
  330
  465
  639
  858
  1,127
  1,450
  1,831
  2,274
  2,780
  3,351
  3,987
  4,688
  5,454
  6,282
  7,173
  8,123
  9,133
  10,200
  11,324
  12,504
  13,739
  15,028
  16,373
  17,774
  19,231
  20,746
  22,320
Total equity, $m
  615
  829
  1,281
  1,916
  2,780
  3,922
  5,392
  7,238
  9,503
  12,229
  15,446
  19,180
  23,450
  28,265
  33,629
  39,542
  45,997
  52,985
  60,494
  68,512
  77,028
  86,030
  95,509
  105,457
  115,871
  126,748
  138,090
  149,902
  162,191
  174,969
  188,250
Total liabilities and equity, $m
  678
  927
  1,433
  2,143
  3,110
  4,387
  6,031
  8,096
  10,630
  13,679
  17,277
  21,454
  26,230
  31,616
  37,616
  44,230
  51,451
  59,267
  67,667
  76,635
  86,161
  96,230
  106,833
  117,961
  129,610
  141,776
  154,463
  167,676
  181,422
  195,715
  210,570
Debt-to-equity ratio
  0.016
  0.050
  0.080
  0.090
  0.100
  0.110
  0.110
  0.110
  0.110
  0.110
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
  0.120
Adjusted equity ratio
  0.891
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894
  0.894

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -17
  0
  8
  21
  37
  59
  87
  121
  164
  215
  275
  363
  442
  531
  631
  741
  860
  989
  1,127
  1,275
  1,432
  1,598
  1,772
  1,955
  2,146
  2,346
  2,554
  2,771
  2,997
  3,231
  3,475
Depreciation, amort., depletion, $m
  6
  33
  38
  45
  54
  66
  82
  102
  126
  156
  191
  207
  253
  305
  362
  426
  496
  571
  652
  738
  830
  927
  1,029
  1,136
  1,248
  1,366
  1,488
  1,615
  1,748
  1,885
  2,028
Funds from operations, $m
  4
  33
  46
  65
  91
  125
  169
  223
  290
  371
  466
  569
  695
  836
  993
  1,167
  1,355
  1,560
  1,779
  2,013
  2,262
  2,525
  2,801
  3,091
  3,395
  3,712
  4,042
  4,386
  4,744
  5,117
  5,504
Change in working capital, $m
  31
  12
  17
  24
  33
  44
  57
  71
  87
  105
  124
  144
  165
  186
  207
  228
  249
  270
  290
  309
  329
  347
  366
  384
  402
  420
  438
  456
  474
  493
  513
Cash from operations, $m
  -27
  21
  29
  41
  58
  81
  112
  152
  203
  266
  342
  425
  530
  650
  786
  938
  1,106
  1,290
  1,490
  1,704
  1,933
  2,177
  2,435
  2,707
  2,993
  3,292
  3,605
  3,931
  4,270
  4,624
  4,991
Maintenance CAPEX, $m
  0
  -6
  -9
  -14
  -21
  -30
  -42
  -58
  -78
  -102
  -132
  -166
  -207
  -253
  -305
  -362
  -426
  -496
  -571
  -652
  -738
  -830
  -927
  -1,029
  -1,136
  -1,248
  -1,366
  -1,488
  -1,615
  -1,748
  -1,885
New CAPEX, $m
  -30
  -101
  -146
  -205
  -279
  -369
  -475
  -597
  -732
  -881
  -1,040
  -1,207
  -1,380
  -1,556
  -1,734
  -1,911
  -2,086
  -2,259
  -2,427
  -2,592
  -2,753
  -2,910
  -3,064
  -3,216
  -3,366
  -3,516
  -3,666
  -3,818
  -3,972
  -4,130
  -4,293
Cash from investing activities, $m
  -19
  -107
  -155
  -219
  -300
  -399
  -517
  -655
  -810
  -983
  -1,172
  -1,373
  -1,587
  -1,809
  -2,039
  -2,273
  -2,512
  -2,755
  -2,998
  -3,244
  -3,491
  -3,740
  -3,991
  -4,245
  -4,502
  -4,764
  -5,032
  -5,306
  -5,587
  -5,878
  -6,178
Free cash flow, $m
  -46
  -85
  -126
  -178
  -242
  -318
  -405
  -502
  -607
  -718
  -830
  -948
  -1,057
  -1,159
  -1,252
  -1,335
  -1,406
  -1,464
  -1,509
  -1,540
  -1,557
  -1,562
  -1,555
  -1,537
  -1,509
  -1,472
  -1,427
  -1,375
  -1,317
  -1,254
  -1,187
Issuance/(repayment) of debt, $m
  3
  37
  54
  75
  102
  135
  174
  219
  269
  323
  381
  443
  506
  571
  636
  701
  765
  829
  890
  951
  1,010
  1,067
  1,124
  1,180
  1,235
  1,290
  1,345
  1,400
  1,457
  1,515
  1,575
Issuance/(repurchase) of shares, $m
  137
  314
  443
  614
  827
  1,083
  1,383
  1,724
  2,102
  2,510
  2,942
  3,372
  3,827
  4,284
  4,734
  5,172
  5,595
  5,999
  6,382
  6,743
  7,084
  7,404
  7,707
  7,993
  8,267
  8,531
  8,788
  9,040
  9,292
  9,547
  9,806
Cash from financing (excl. dividends), $m  
  132
  351
  497
  689
  929
  1,218
  1,557
  1,943
  2,371
  2,833
  3,323
  3,815
  4,333
  4,855
  5,370
  5,873
  6,360
  6,828
  7,272
  7,694
  8,094
  8,471
  8,831
  9,173
  9,502
  9,821
  10,133
  10,440
  10,749
  11,062
  11,381
Total cash flow (excl. dividends), $m
  86
  266
  371
  511
  687
  901
  1,152
  1,441
  1,763
  2,116
  2,493
  2,866
  3,277
  3,696
  4,117
  4,538
  4,954
  5,363
  5,763
  6,154
  6,536
  6,909
  7,275
  7,636
  7,993
  8,348
  8,705
  9,066
  9,432
  9,807
  10,194
Retained Cash Flow (-), $m
  -491
  -314
  -452
  -635
  -864
  -1,142
  -1,470
  -1,846
  -2,266
  -2,725
  -3,217
  -3,734
  -4,269
  -4,815
  -5,365
  -5,913
  -6,455
  -6,988
  -7,509
  -8,019
  -8,516
  -9,002
  -9,479
  -9,948
  -10,414
  -10,877
  -11,342
  -11,812
  -12,289
  -12,778
  -13,281
Prev. year cash balance distribution, $m
 
  100
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  52
  -81
  -123
  -177
  -241
  -318
  -405
  -503
  -609
  -724
  -868
  -993
  -1,119
  -1,247
  -1,375
  -1,501
  -1,625
  -1,746
  -1,864
  -1,980
  -2,093
  -2,204
  -2,313
  -2,421
  -2,529
  -2,637
  -2,746
  -2,857
  -2,971
  -3,088
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  50
  -74
  -107
  -146
  -187
  -231
  -274
  -314
  -350
  -379
  -412
  -424
  -426
  -419
  -404
  -381
  -353
  -321
  -287
  -252
  -216
  -183
  -152
  -123
  -98
  -77
  -59
  -44
  -32
  -23
Current shareholders' claim on cash, %
  100
  85.5
  74.4
  65.6
  58.6
  52.9
  48.1
  44.2
  40.9
  38.1
  35.7
  33.6
  31.9
  30.3
  29.0
  27.8
  26.7
  25.8
  25.0
  24.2
  23.5
  22.9
  22.4
  21.9
  21.4
  21.0
  20.6
  20.2
  19.9
  19.5
  19.2

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a diversified cannabis company. The Company, through its subsidiaries Tweed Inc. (Tweed), Bedrocan Canada Inc. (Bedrocan) and Tweed Farms Inc. (Tweed Farms), is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed's commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed's built-out production capacity is over 10 climate controlled indoor growing rooms. Bedrocan is a medical-grade cannabis. Bedrocan's over 52,000 square feet production facility in Toronto, Ontario is licensed, and includes over 30 vegetative and growing rooms, and over three dispensing rooms.

FINANCIAL RATIOS  of  Canopy Growth Corporation (WEED)

Valuation Ratios
P/E Ratio -123.4
Price to Sales 52.4
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow -77.7
Price to Free Cash Flow -36.8
Growth Rates
Sales Growth Rate 207.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 150%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio 51
Current Ratio 1.1
LT Debt to Equity 1.3%
Total Debt to Equity 1.6%
Interest Coverage 0
Management Effectiveness
Return On Assets -4.1%
Ret/ On Assets - 3 Yr. Avg. -15%
Return On Total Capital -4.5%
Ret/ On T. Cap. - 3 Yr. Avg. -16.7%
Return On Equity -4.6%
Return On Equity - 3 Yr. Avg. -17.4%
Asset Turnover 0.1
Profitability Ratios
Gross Margin -55%
Gross Margin - 3 Yr. Avg. -169.6%
EBITDA Margin -27.5%
EBITDA Margin - 3 Yr. Avg. -145.1%
Operating Margin -40%
Oper. Margin - 3 Yr. Avg. -171%
Pre-Tax Margin -42.5%
Pre-Tax Margin - 3 Yr. Avg. -171.9%
Net Profit Margin -42.5%
Net Profit Margin - 3 Yr. Avg. -174.4%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. -11.1%
Payout Ratio 0%

WEED stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WEED stock intrinsic value calculation we used $40 million for the last fiscal year's total revenue generated by Canopy Growth Corporation. The default revenue input number comes from 2017 income statement of Canopy Growth Corporation. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WEED stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for WEED is calculated based on our internal credit rating of Canopy Growth Corporation, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Canopy Growth Corporation.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WEED stock the variable cost ratio is equal to 122.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WEED stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Canopy Growth Corporation.

Corporate tax rate of 27% is the nominal tax rate for Canopy Growth Corporation. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WEED stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WEED are equal to 418.8%.

Life of production assets of 49.8 years is the average useful life of capital assets used in Canopy Growth Corporation operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WEED is equal to 50%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $615 million for Canopy Growth Corporation - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 170.814 million for Canopy Growth Corporation is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Canopy Growth Corporation at the current share price and the inputted number of shares is $2.2 billion.

RELATED COMPANIES Price Int.Val. Rating
Financial statements of WEED
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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