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Cardiol Therapeutics Inc
TSX:CRDL

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Cardiol Therapeutics Inc
TSX:CRDL
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Price: 2.23 CAD 8.78% Market Closed
Market Cap: CA$249.4m

EV/EBIT

-6.6
Current
60%
More Expensive
vs 3-y average of -4.2

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-6.6
=
Enterprise Value
CA$188.6m
/
EBIT
CA$-34.3m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
-6.6
=
Enterprise Value
CA$188.6m
/
EBIT
CA$-34.3m

Valuation Scenarios

Cardiol Therapeutics Inc is trading above its industry average

If EV/EBIT returns to its Industry Average (11.3), the stock would be worth CA$-3.81 (271% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-318%
Maximum Upside
No Upside Scenarios
Average Downside
294%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple -6.6 CA$2.23
0%
Industry Average 11.3 CA$-3.81
-271%
Country Average 14.5 CA$-4.85
-318%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
CA$188.6m
/
Jan 2026
CA$-34.3m
=
-6.6
Current
CA$188.6m
/
Dec 2026
CA$-31.8m
=
-5.9
Forward
CA$188.6m
/
Dec 2027
CA$-16m
=
-11.8
Forward
CA$188.6m
/
Dec 2028
CA$18.4m
=
10.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CA
Cardiol Therapeutics Inc
TSX:CRDL
249.4m CAD -6.6 -7.4
US
Eli Lilly and Co
NYSE:LLY
870.6B USD 30.4 42.2
US
Johnson & Johnson
NYSE:JNJ
544.4B USD 21.2 25.9
CH
Roche Holding AG
SIX:ROG
248.4B CHF 13.1 19.6
UK
AstraZeneca PLC
LSE:AZN
225.4B GBP 22.8 29.2
CH
Novartis AG
SIX:NOVN
222.8B CHF 15.9 20
US
Merck & Co Inc
NYSE:MRK
279.4B USD 11.6 15.3
IE
Endo International PLC
LSE:0Y5F
244.4B USD 970 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 9.4 10.8
US
Pfizer Inc
NYSE:PFE
152.4B USD 10.1 19.6
US
Bristol-Myers Squibb Co
NYSE:BMY
118.4B USD 8.8 16.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Cardiol Therapeutics Inc
TSX:CRDL
Average EV/EBIT: 111.3
Negative Multiple: -6.6
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
30.4
22%
1.4
US
Johnson & Johnson
NYSE:JNJ
21.2
13%
1.6
CH
Roche Holding AG
SIX:ROG
13.1
6%
2.2
UK
AstraZeneca PLC
LSE:AZN
22.8
21%
1.1
CH
Novartis AG
SIX:NOVN
15.9
9%
1.8
US
Merck & Co Inc
NYSE:MRK
11.6
6%
1.9
IE
E
Endo International PLC
LSE:0Y5F
970
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
9.4
2%
4.7
US
Pfizer Inc
NYSE:PFE
10.1
-4%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
8.8
-7%
N/A
P/E Multiple
Earnings Growth PEG
CA
Cardiol Therapeutics Inc
TSX:CRDL
Average P/E: 22.2
Negative Multiple: -7.4
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
42.2
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
25.9
8%
3.2
CH
Roche Holding AG
SIX:ROG
19.6
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
29.2
25%
1.2
CH
Novartis AG
SIX:NOVN
20
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.3
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
10.8
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.6
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.8
16%
1

Market Distribution

Lower than 100% of companies in Canada
Percentile
0th
Based on 1 813 companies
0th percentile
-6.6
Low
0 — 10.6
Typical Range
10.6 — 20.6
High
20.6 —
Distribution Statistics
Canada
Min 0
30th Percentile 10.6
Median 14.5
70th Percentile 20.6
Max 3 794.4

Cardiol Therapeutics Inc
Glance View

Market Cap
249.4m CAD
Industry
Pharmaceuticals

Cardiol Therapeutics, Inc. is a clinical-stage life sciences company focused on developing anti-inflammatory therapies for cardiovascular disease (CVD). The company is headquartered in Oakville, Ontario and currently employs 11 full-time employees. The company went IPO on 2018-12-20. The firm's lead product, CardiolRx, is a pharmaceutically produced oral cannabidiol formulation that is in a Phase II/III study in hospitalized patients testing positive for COVID-19 with a prior history of, or risk factors for, cardiovascular disease. Cardiol has also received clearance from the Food and Drug Administration (FDA) for its investigational new drug (IND) application for a Phase II international trial that investigates the anti-inflammatory and anti- fibrotic properties of CardiolRx in patients with acute myocarditis, which is a common cause of sudden cardiac death in people under 35 years of age. In addition, Cardiol is developing a subcutaneous formulation of CardiolRx and other anti-inflammatory therapies for the treatment of chronic heart failure.

CRDL Intrinsic Value
0.17 CAD
Overvaluation 93%
Intrinsic Value
Price CA$2.23
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