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High Tide Inc
XTSX:HITI

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High Tide Inc
XTSX:HITI
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Price: 3.33 CAD 0.6% Market Closed
Market Cap: CA$292.7m

EV/GP

2.1
Current
16%
More Expensive
vs 3-y average of 1.8

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.1
=
Enterprise Value
CA$332.3m
/
Gross Profit
CA$164.1m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.1
=
Enterprise Value
CA$332.3m
/
Gross Profit
CA$164.1m

Valuation Scenarios

High Tide Inc is trading above its 3-year average

If EV/GP returns to its 3-Year Average (1.8), the stock would be worth CA$2.88 (14% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-14%
Maximum Upside
+219%
Average Upside
63%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 2.1 CA$3.33
0%
3-Year Average 1.8 CA$2.88
-14%
5-Year Average 1.9 CA$3.12
-6%
Industry Average 3.2 CA$5.06
+52%
Country Average 6.6 CA$10.63
+219%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
CA
High Tide Inc
XTSX:HITI
292.5m CAD 2.1 -6.3
US
Eli Lilly and Co
NYSE:LLY
908.9B USD 15.8 36
US
Johnson & Johnson
NYSE:JNJ
547.1B USD 8.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 6.3 20.1
UK
AstraZeneca PLC
LSE:AZN
209.6B GBP 6.2 27.4
CH
Novartis AG
SIX:NOVN
221.1B CHF 7.4 20.7
US
Merck & Co Inc
NYSE:MRK
277.6B USD 6 31.1
IE
Endo International PLC
LSE:0Y5F
244.4B USD 160.7 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 5.3 12.1
US
Pfizer Inc
NYSE:PFE
149.7B USD 4.2 19.3
US
Bristol-Myers Squibb Co
NYSE:BMY
118.9B USD 530.2 4 516.9
P/E Multiple
Earnings Growth PEG
CA
High Tide Inc
XTSX:HITI
Average P/E: 523.3
Negative Multiple: -6.3
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
36
32%
1.1
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
27.4
25%
1.1
CH
Novartis AG
SIX:NOVN
20.7
14%
1.5
US
Merck & Co Inc
NYSE:MRK
31.1
14%
2.2
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
12.1
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.3
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
4 516.9
648%
7

Market Distribution

Lower than 91% of companies in Canada
Percentile
9th
Based on 1 947 companies
9th percentile
2.1
Low
0.1 — 3.8
Typical Range
3.8 — 10.6
High
10.6 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 3.8
Median 6.6
70th Percentile 10.6
Max 259 067.6

High Tide Inc
Glance View

Market Cap
292.7m CAD
Industry
Pharmaceuticals

High Tide, Inc. engages in the manufacture and retail of cannabis smoking accessories and lifestyle products. The company is headquartered in Calgary, Alberta. The company went IPO on 2018-12-17. The firm operates as a retailer of recreational cannabis with approximately 110 locations across Ontario, Alberta, Manitoba and Saskatchewan. The firm is also a cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide serves consumers through its established e-commerce platforms, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com, and in the hemp-derived Cannabidiol (CBD) space through Nuleafnaturals.com, FABCBD.com, and BlessedCBD.co.uk, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. The firm's brands also include Bud Room, a retail cannabis store located in Ottawa, Ontario.

HITI Intrinsic Value
6.23 CAD
Undervaluation 47%
Intrinsic Value
Price CA$3.33
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