Canopy Growth Corp
TSX:WEED

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Canopy Growth Corp
TSX:WEED
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Price: 2.31 CAD 24.19% Market Closed
Market Cap: 485.4m CAD

Relative Value

The Relative Value of one WEED stock under the Base Case scenario is 4.25 CAD. Compared to the current market price of 2.31 CAD, Canopy Growth Corp is Undervalued by 46%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

WEED Relative Value
Base Case
4.25 CAD
Undervaluation 46%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
95
vs Industry
70
Median 3Y
6
Median 5Y
16
Industry
2.5
Forward
1.6
vs History
vs Industry
Median 3Y
-2
Median 5Y
-3.3
Industry
21.5
Forward
-3.9
vs History
vs Industry
Median 3Y
-7.6
Median 5Y
-13.9
Industry
16.6
vs History
vs Industry
Median 3Y
-3
Median 5Y
-3
Industry
24.9
vs History
93
vs Industry
75
Median 3Y
2.9
Median 5Y
4.6
Industry
2.1
vs History
95
vs Industry
50
Median 3Y
6.8
Median 5Y
16.3
Industry
2.7
Forward
2.2
vs History
30
vs Industry
31
Median 3Y
-23.1
Median 5Y
-35.2
Industry
5.2
vs History
vs Industry
Median 3Y
-13.7
Median 5Y
-20.1
Industry
12.8
Forward
157.2
vs History
vs Industry
Median 3Y
-9.7
Median 5Y
-15.2
Industry
16.3
Forward
-9.2
vs History
vs Industry
Median 3Y
-8.8
Median 5Y
-14
Industry
14.9
vs History
vs Industry
Median 3Y
-8.6
Median 5Y
-13.5
Industry
17.9
vs History
93
vs Industry
71
Median 3Y
1.8
Median 5Y
3.4
Industry
1.9

Multiples Across Competitors

WEED Competitors Multiples
Canopy Growth Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Canopy Growth Corp
TSX:WEED
485.4m CAD 1.8 -0.8 -16.3 -7.9
US
Eli Lilly and Co
NYSE:LLY
729.6B USD 14.9 65.7 35.3 38.6
UK
Dechra Pharmaceuticals PLC
LSE:DPH
440.4B GBP 578.3 -15 783.5 3 846.3 17 702.3
US
Johnson & Johnson
NYSE:JNJ
372.9B USD 4.2 17.1 12.5 16.4
DK
Novo Nordisk A/S
CSE:NOVO B
2.2T DKK 7.2 20.8 14.4 16.5
CH
Roche Holding AG
SIX:ROG
213.3B CHF 3.5 25.8 9.7 11.3
CH
Novartis AG
SIX:NOVN
190.2B CHF 4.3 18 10.6 14.2
UK
AstraZeneca PLC
LSE:AZN
167.2B GBP 4.1 29.1 131.1 197.7
US
Merck & Co Inc
NYSE:MRK
198.7B USD 3.1 11.4 8.5 10.3
IE
Endo International PLC
LSE:0Y5F
163.5B USD 70.5 -56 261.3 655.3
US
Pfizer Inc
NYSE:PFE
132.7B USD 2.1 16.8 7.3 10.3
P/E Multiple
Earnings Growth PEG
CA
Canopy Growth Corp
TSX:WEED
Average P/E: 25.6
Negative Multiple: -0.8
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
65.7
50%
1.3
UK
Dechra Pharmaceuticals PLC
LSE:DPH
Negative Multiple: -15 783.5 N/A N/A
US
Johnson & Johnson
NYSE:JNJ
17.1
27%
0.6
DK
Novo Nordisk A/S
CSE:NOVO B
20.8
18%
1.2
CH
Roche Holding AG
SIX:ROG
25.8
32%
0.8
CH
Novartis AG
SIX:NOVN
18
17%
1.1
UK
AstraZeneca PLC
LSE:AZN
29.1
36%
0.8
US
Merck & Co Inc
NYSE:MRK
11.4
17%
0.7
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -56 N/A N/A
US
Pfizer Inc
NYSE:PFE
16.8
31%
0.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Canopy Growth Corp
TSX:WEED
Average EV/EBITDA: 433.7
Negative Multiple: -16.3
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
35.3
30%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
3 846.3
36%
106.8
US
Johnson & Johnson
NYSE:JNJ
12.5
7%
1.8
DK
Novo Nordisk A/S
CSE:NOVO B
14.4
13%
1.1
CH
Roche Holding AG
SIX:ROG
9.7
5%
1.9
CH
Novartis AG
SIX:NOVN
10.6
5%
2.1
UK
AstraZeneca PLC
LSE:AZN
131.1
10%
13.1
US
Merck & Co Inc
NYSE:MRK
8.5
8%
1.1
IE
E
Endo International PLC
LSE:0Y5F
261.3
N/A N/A
US
Pfizer Inc
NYSE:PFE
7.3
2%
3.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Canopy Growth Corp
TSX:WEED
Average EV/EBIT: 1 867.3
Negative Multiple: -7.9
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
38.6
32%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
17 702.3
98%
180.6
US
Johnson & Johnson
NYSE:JNJ
16.4
13%
1.3
DK
Novo Nordisk A/S
CSE:NOVO B
16.5
14%
1.2
CH
Roche Holding AG
SIX:ROG
11.3
6%
1.9
CH
Novartis AG
SIX:NOVN
14.2
10%
1.4
UK
AstraZeneca PLC
LSE:AZN
197.7
23%
8.6
US
Merck & Co Inc
NYSE:MRK
10.3
11%
0.9
IE
E
Endo International PLC
LSE:0Y5F
655.3
N/A N/A
US
Pfizer Inc
NYSE:PFE
10.3
10%
1