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TRIP

Red Light Holland CNSX:TRIP Stock Report

Last Price

CA$0.075

Market Cap

CA$27.0m

7D

-6.3%

1Y

-76.9%

Updated

27 Jun, 2022

Data

Company Financials +
TRIP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

TRIP Stock Overview

Red Light Holland Corp. engages in the production, cultivation, and sale of magic truffles to the legal recreational market in the Netherlands.

Red Light Holland Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Red Light Holland
Historical stock prices
Current Share PriceCA$0.075
52 Week HighCA$0.34
52 Week LowCA$0.07
Beta1.25
1 Month Change-21.05%
3 Month Change-31.82%
1 Year Change-76.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO-57.14%

Recent News & Updates

Shareholder Returns

TRIPCA TobaccoCA Market
7D-6.3%5.5%0.1%
1Y-76.9%-64.9%-2.6%

Return vs Industry: TRIP underperformed the Canadian Tobacco industry which returned -65.5% over the past year.

Return vs Market: TRIP underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is TRIP's price volatile compared to industry and market?
TRIP volatility
TRIP Average Weekly Movement10.6%
Tobacco Industry Average Movement12.9%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: TRIP is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: TRIP's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aTodd Shapirohttps://www.redlighttruffles.com

Red Light Holland Corp. engages in the production, cultivation, and sale of magic truffles to the legal recreational market in the Netherlands. The company is also involved in the wholesale of truffles, cannabis seeds, and other cannabis products; sale of microdose pack, a non-synthetic truffle microdosing kit; and sale of a line of merchandises. It sells its products under the iMicrodose brand name through smart shops operators and an advanced e-commerce platform, iMicrodose.nl.

Red Light Holland Fundamentals Summary

How do Red Light Holland's earnings and revenue compare to its market cap?
TRIP fundamental statistics
Market CapCA$27.03m
Earnings (TTM)-CA$7.26m
Revenue (TTM)CA$1.80m

15.0x

P/S Ratio

-3.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIP income statement (TTM)
RevenueCA$1.80m
Cost of RevenueCA$1.30m
Gross ProfitCA$500.91k
Other ExpensesCA$7.76m
Earnings-CA$7.26m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.02
Gross Margin27.84%
Net Profit Margin-403.55%
Debt/Equity Ratio3.9%

How did TRIP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TRIP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRIP?

Other financial metrics that can be useful for relative valuation.

TRIP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA-0.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does TRIP's PS Ratio compare to its peers?

TRIP PS Ratio vs Peers
The above table shows the PS ratio for TRIP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average177.5x
PODA Poda Holdings
692.3xn/aCA$43.1m
IONC Ionic Brands
0.06xn/aCA$1.8m
MEAT Modern Plant Based Foods
11xn/aCA$30.0m
BEV BevCanna Enterprises
6.7xn/aCA$16.9m
TRIP Red Light Holland
15x57.4%CA$27.0m

Price-To-Sales vs Peers: TRIP is good value based on its Price-To-Sales Ratio (15x) compared to the peer average (177.5x).


Price to Earnings Ratio vs Industry

How does TRIP's PE Ratio compare vs other companies in the North American Tobacco Industry?

Price-To-Sales vs Industry: TRIP is expensive based on its Price-To-Sales Ratio (15x) compared to the North American Tobacco industry average (1.9x)


Price to Sales Ratio vs Fair Ratio

What is TRIP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRIP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15x
Fair PS Ratio4.4x

Price-To-Sales vs Fair Ratio: TRIP is expensive based on its Price-To-Sales Ratio (15x) compared to the estimated Fair Price-To-Sales Ratio (4.4x).


Share Price vs Fair Value

What is the Fair Price of TRIP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate TRIP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TRIP's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TRIP's PEG Ratio to determine if it is good value.


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Future Growth

How is Red Light Holland forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


57.4%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TRIP's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if TRIP's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if TRIP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TRIP's revenue (57.4% per year) is forecast to grow faster than the Canadian market (6.9% per year).

High Growth Revenue: TRIP's revenue (57.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TRIP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Red Light Holland performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-81.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRIP is currently unprofitable.

Growing Profit Margin: TRIP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TRIP is unprofitable, and losses have increased over the past 5 years at a rate of 81.5% per year.

Accelerating Growth: Unable to compare TRIP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TRIP is unprofitable, making it difficult to compare its past year earnings growth to the Tobacco industry (6.9%).


Return on Equity

High ROE: TRIP has a negative Return on Equity (-18.31%), as it is currently unprofitable.


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Financial Health

How is Red Light Holland's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TRIP's short term assets (CA$29.2M) exceed its short term liabilities (CA$2.1M).

Long Term Liabilities: TRIP's short term assets (CA$29.2M) exceed its long term liabilities (CA$1.9M).


Debt to Equity History and Analysis

Debt Level: TRIP has more cash than its total debt.

Reducing Debt: TRIP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: TRIP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: TRIP has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 73.4% each year


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Dividend

What is Red Light Holland current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TRIP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TRIP'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 TRIP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TRIP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TRIP has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Todd Shapiro (46 yo)

2.08yrs

Tenure

CA$226,280

Compensation

Mr. Todd Michael Shapiro served as Director at Datametrex AI Limited since May 25, 2020. He serves as Member of Advisory Board at The Hash Corporation since July 2021. He has a marketing entrepreneur and b...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD175.75K) is about average for companies of similar size in the Canadian market ($USD175.18K).

Compensation vs Earnings: Insufficient data to compare Todd's compensation with company performance.


Leadership Team

Experienced Management: TRIP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: TRIP's board of directors are not considered experienced ( 2 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 4%.


Top Shareholders

Company Information

Red Light Holland Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Red Light Holland Corp.
  • Ticker: TRIP
  • Exchange: CNSX
  • Founded: NaN
  • Industry: Tobacco
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: CA$27.026m
  • Shares outstanding: 360.35m
  • Website: https://www.redlighttruffles.com

Location

  • Red Light Holland Corp.
  • 1 Adelaide Street East
  • Suite 801
  • Toronto
  • Ontario
  • M5C 2V9
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.