Canopy Growth Corp
TSX:WEED

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Canopy Growth Corp
TSX:WEED
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Price: 2.69 CAD 8.47% Market Closed
Market Cap: 565.2m CAD

Relative Value

The Relative Value of one WEED stock under the Base Case scenario is 3.71 CAD. Compared to the current market price of 2.69 CAD, Canopy Growth Corp is Undervalued by 28%.

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
3.71 CAD
Undervaluation 28%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
93
vs Industry
70
Median 3Y
5.7
Median 5Y
14.9
Industry
2.4
Forward
1.9
vs History
vs Industry
Median 3Y
-2
Median 5Y
-3.3
Industry
20.9
Forward
-0.6
vs History
vs Industry
Median 3Y
-7.8
Median 5Y
-14.8
Industry
15.9
vs History
vs Industry
Median 3Y
-2.8
Median 5Y
-2.8
Industry
23.7
vs History
93
vs Industry
75
Median 3Y
2.6
Median 5Y
4.1
Industry
2
vs History
93
vs Industry
50
Median 3Y
7
Median 5Y
14.8
Industry
2.6
Forward
3
vs History
26
vs Industry
31
Median 3Y
-26.8
Median 5Y
-33.8
Industry
5
vs History
vs Industry
Median 3Y
-10.6
Median 5Y
-18.4
Industry
12.4
Forward
-47
vs History
vs Industry
Median 3Y
-8.7
Median 5Y
-14.5
Industry
15.9
Forward
-6.4
vs History
vs Industry
Median 3Y
-7.9
Median 5Y
-13.3
Industry
14.2
vs History
vs Industry
Median 3Y
-7.7
Median 5Y
-12.6
Industry
17.6
vs History
93
vs Industry
71
Median 3Y
1.7
Median 5Y
3.1
Industry
1.8

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
546.3m CAD 2 -1.2 -10.8 -7
US
Eli Lilly and Co
NYSE:LLY
677.8B USD 13.8 61.4 32.9 36.2
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
367.1B USD 4.1 16.9 12.3 16.2
DK
Novo Nordisk A/S
CSE:NOVO B
2T DKK 6.8 19.6 12.9 14.7
CH
Roche Holding AG
SIX:ROG
206.2B CHF 3.4 24.9 9.4 11
CH
Novartis AG
SIX:NOVN
182.2B CHF 4.1 17.1 10.2 13.6
UK
AstraZeneca PLC
LSE:AZN
160.9B GBP 3.9 27.8 130.6 196.9
US
Merck & Co Inc
NYSE:MRK
195.9B USD 3.1 11.3 8.4 10.2
IE
Endo International PLC
LSE:0Y5F
163.5B USD 70.5 -56 261.3 655.3
FR
Sanofi SA
PAR:SAN
117.1B EUR 1.3 9.2 5.1 6
P/E Multiple
Earnings Growth PEG
CA
Canopy Growth Corp
TSX:WEED
Average P/E: 23.5
Negative Multiple: -1.2
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
61.4
50%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
Negative Multiple: -15 783.5 N/A N/A
US
Johnson & Johnson
NYSE:JNJ
16.9
27%
0.6
DK
Novo Nordisk A/S
CSE:NOVO B
19.6
18%
1.1
CH
Roche Holding AG
SIX:ROG
24.9
32%
0.8
CH
Novartis AG
SIX:NOVN
17.1
17%
1
UK
AstraZeneca PLC
LSE:AZN
27.8
36%
0.8
US
Merck & Co Inc
NYSE:MRK
11.3
17%
0.7
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -56 N/A N/A
FR
Sanofi SA
PAR:SAN
9.2
28%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Canopy Growth Corp
TSX:WEED
Average EV/EBITDA: 432.9
Negative Multiple: -10.8
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
32.9
31%
1.1
UK
Dechra Pharmaceuticals PLC
LSE:DPH
3 846.3
36%
106.8
US
Johnson & Johnson
NYSE:JNJ
12.3
8%
1.5
DK
Novo Nordisk A/S
CSE:NOVO B
12.9
14%
0.9
CH
Roche Holding AG
SIX:ROG
9.4
6%
1.6
CH
Novartis AG
SIX:NOVN
10.2
5%
2
UK
AstraZeneca PLC
LSE:AZN
130.6
9%
14.5
US
Merck & Co Inc
NYSE:MRK
8.4
9%
0.9
IE
E
Endo International PLC
LSE:0Y5F
261.3
N/A N/A
FR
Sanofi SA
PAR:SAN
5.1
8%
0.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Canopy Growth Corp
TSX:WEED
Average EV/EBIT: 1 866.2
Negative Multiple: -7
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
36.2
33%
1.1
UK
Dechra Pharmaceuticals PLC
LSE:DPH
17 702.3
98%
180.6
US
Johnson & Johnson
NYSE:JNJ
16.2
13%
1.2
DK
Novo Nordisk A/S
CSE:NOVO B
14.7
14%
1.1
CH
Roche Holding AG
SIX:ROG
11
6%
1.8
CH
Novartis AG
SIX:NOVN
13.6
10%
1.4
UK
AstraZeneca PLC
LSE:AZN
196.9
21%
9.4
US
Merck & Co Inc
NYSE:MRK
10.2
12%
0.9
IE
E
Endo International PLC
LSE:0Y5F
655.3
N/A N/A
FR
Sanofi SA
PAR:SAN
6
14%
0.4