THC Global Group
Market Cap
AU$44.5m
Last Updated
2021/02/24 07:07 UTC
Data Sources
Company Financials
Executive Summary
THC Global Group Limited provides medicinal cannabis products to patients in Australia and internationally. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet and overvalued.
Share Price & News
How has THC Global Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: THC's weekly volatility (11%) has been stable over the past year.
Market Performance
7 Day Return
-8.0%
THC
-5.0%
AU Pharmaceuticals
-1.1%
AU Market
1 Year Return
-24.6%
THC
4.6%
AU Pharmaceuticals
4.4%
AU Market
Return vs Industry: THC underperformed the Australian Pharmaceuticals industry which returned 4.6% over the past year.
Return vs Market: THC underperformed the Australian Market which returned 4.4% over the past year.
Shareholder returns
| THC | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.0% | -5.0% | -1.1% |
| 30 Day | -2.1% | 5.2% | 0.5% |
| 90 Day | -8.0% | 21.9% | 4.3% |
| 1 Year | -24.6%-24.6% | 4.8%4.6% | 7.8%4.4% |
| 3 Year | -70.1%-70.1% | -41.3%-41.9% | 29.1%13.5% |
| 5 Year | n/a | -26.3%-30.3% | 71.0%37.9% |
Long-Term Price Volatility Vs. Market
How volatile is THC Global Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
Is THC Global Group (ASX:THC) Weighed On By Its Debt Load?9 months ago | Simply Wall St
Did THC Global Group Limited (ASX:THC) Insiders Sell Shares?10 months ago | Simply Wall St
Do Institutions Own THC Global Group Limited (ASX:THC) Shares?Valuation
Is THC Global Group undervalued compared to its fair value and its price relative to the market?
1.44x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate THC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate THC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: THC is unprofitable, so we can't compare its PE Ratio to the XO Pharmaceuticals industry average.
PE vs Market: THC is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate THC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: THC is good value based on its PB Ratio (1.4x) compared to the AU Pharmaceuticals industry average (3.7x).
Next Steps
Future Growth
How is THC Global Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
66.5%
Forecasted Pharmaceuticals & Biotech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as THC Global Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine THC Global Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- THC Global Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Pharmaceuticals & Biotech industry.
Past Performance
How has THC Global Group performed over the past 5 years?
-47.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THC is currently unprofitable.
Growing Profit Margin: THC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: THC is unprofitable, and losses have increased over the past 5 years at a rate of 47.6% per year.
Accelerating Growth: Unable to compare THC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: THC is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (-23.5%).
Return on Equity
High ROE: THC has a negative Return on Equity (-42.93%), as it is currently unprofitable.
Next Steps
Financial Health
How is THC Global Group's financial position?
Financial Position Analysis
Short Term Liabilities: THC's short term assets (A$12.7M) exceed its short term liabilities (A$2.1M).
Long Term Liabilities: THC's short term assets (A$12.7M) exceed its long term liabilities (A$8.8M).
Debt to Equity History and Analysis
Debt Level: THC's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if THC's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: THC has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: THC is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
Dividend
What is THC Global Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate THC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if THC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average management tenure
CEO
Jarrod White
0.42
Tenure
AU$197,983
Compensation
Mr. Jarrod Travers White, B.Bus, CA, CTA, is Chief Financial Officer and Joint Company Secretary at High Peak Royalties Limited and was it's Director until October 15, 2018. He serves as the Company Secret...
CEO Compensation Analysis
Compensation vs Market: Jarrod's total compensation ($USD156.66K) is below average for companies of similar size in the Australian market ($USD295.32K).
Compensation vs Earnings: Jarrod's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 0.42yr | AU$197.98k | no data | |
| Chief Operations Officer - Canada | no data | AU$68.02k | no data | |
| Group COO & Joint Company Secretary | 0.42yr | no data | no data | |
| Chief Agronomist and Regional Manager of the Americas | no data | no data | no data | |
| Chief Operating Officer of THC Pharma | 1.08yrs | no data | no data | |
| Chief Operating Officer of Tetra Health | 0.67yr | no data | no data | |
| Joint Company Secretary | 0.42yr | no data | no data |
0.4yrs
Average Tenure
Experienced Management: THC's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Non Executive Director | no data | no data | 0.11% A$ 48.8k | |
| Non-Executive Deputy Chairman | no data | AU$55.00k | 0.46% A$ 206.8k | |
| Non-Executive Chairman of the Board | 2.92yrs | AU$128.33k | 0.97% A$ 430.2k | |
| Non-Executive Director | 2.92yrs | AU$50.00k | 0.17% A$ 77.0k | |
| Non-Executive Director | 2.92yrs | AU$50.00k | no data |
2.9yrs
Average Tenure
Experienced Board: THC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.6%.
Top Shareholders
Company Information
THC Global Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: THC Global Group Limited
- Ticker: THC
- Exchange: ASX
- Founded: 2016
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: AU$44.522m
- Shares outstanding: 189.46m
- Website: https://thc.global
Location
- THC Global Group Limited
- Australia Square
- Suite 4102
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| THC | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2017 |
| THC | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2017 |
| 9TH | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2017 |
| HDRP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2017 |
Biography
THC Global Group Limited provides medicinal cannabis products to patients in Australia and internationally. The company operates through two segments, Manufacture and Distribution of Hydroponics Equipment,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 07:07 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.