CNSX:PLTH

Stock Analysis Report

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Executive Summary

Planet 13 Holdings Inc., a cannabis company, cultivates, produces, distributes, and markets cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.

Share Price & News

How has Planet 13 Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLTH is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PLTH's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

PLTH

1.0%

CA Pharmaceuticals

-0.2%

CA Market


1 Year Return

221.8%

PLTH

56.7%

CA Pharmaceuticals

1.4%

CA Market

Return vs Industry: PLTH exceeded the Canadian Pharmaceuticals industry which returned 56.7% over the past year.

Return vs Market: PLTH exceeded the Canadian Market which returned 1.4% over the past year.


Shareholder returns

PLTHIndustryMarket
7 Day-2.2%1.0%-0.2%
30 Day-8.5%29.6%2.8%
90 Day50.0%73.6%12.4%
1 Year221.8%221.8%56.7%56.7%5.0%1.4%
3 Yearn/a-51.2%-51.9%13.4%2.7%
5 Yearn/a401.7%398.3%59.7%35.2%

Long-Term Price Volatility Vs. Market

How volatile is Planet 13 Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Planet 13 Holdings undervalued compared to its fair value and its price relative to the market?

10.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PLTH's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PLTH's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PLTH is unprofitable, so we can't compare its PE Ratio to the CA Pharmaceuticals industry average.

PE vs Market: PLTH is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PLTH is overvalued based on its PB Ratio (11x) compared to the CA Pharmaceuticals industry average (2.8x).


Next Steps

Future Growth

How is Planet 13 Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

210.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLTH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: PLTH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PLTH's is expected to become profitable in the next 3 years.

Revenue vs Market: PLTH's revenue (50.5% per year) is forecast to grow faster than the Canadian market (8% per year).

High Growth Revenue: PLTH's revenue (50.5% 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 PLTH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Planet 13 Holdings performed over the past 5 years?

-28.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLTH is currently unprofitable.

Growing Profit Margin: PLTH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLTH is unprofitable, and losses have increased over the past 5 years at a rate of 28.5% per year.

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

Earnings vs Industry: PLTH is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (-61.1%).


Return on Equity

High ROE: PLTH has a negative Return on Equity (-8.83%), as it is currently unprofitable.


Next Steps

Financial Health

How is Planet 13 Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PLTH's short term assets ($68.1M) exceed its short term liabilities ($18.4M).

Long Term Liabilities: PLTH's short term assets ($68.1M) exceed its long term liabilities ($20.9M).


Debt to Equity History and Analysis

Debt Level: PLTH's debt to equity ratio (1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PLTH'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: PLTH has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: PLTH has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 24.8% each year


Next Steps

Dividend

What is Planet 13 Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PLTH'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 PLTH's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Bob Groesbeck (59 yo)

2.5yrs

Tenure

US$1,154,370

Compensation

Mr. Robert Allen Groesbeck, also known as Bob, serves as Co-Chief Executive Officer at Planet 13 Holdings Incorporation since June 11, 2018 and also serves as its Co-Chairman of the Board since June 2018. ...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD1.15M) is about average for companies of similar size in the Canadian market ($USD1.18M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Groesbeck
Co-CEO & Co-Chairman2.5yrsUS$1.15m20.98%
$ 276.0m
Larry Scheffler
Co-CEO & Co-Chairmanno dataUS$1.16m21.33%
$ 280.7m
Christopher Wren
Founder & VP of Operationsno dataUS$747.96k2.57%
$ 33.8m
Dennis Logan
Chief Financial Officer2.58yrsUS$545.62k0.054%
$ 715.1k
Leighton Koehler
General Counsel2.58yrsUS$363.85k0.058%
$ 767.2k
William Vargas
Vice President of Finance2.58yrsUS$397.87k0.095%
$ 1.2m
David Farris
Vice President of Sales & Marketingno datano data0.027%
$ 357.6k

2.6yrs

Average Tenure

Experienced Management: PLTH's management team is considered experienced (2.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PLTH insiders have only sold shares 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 33.5%.


Top Shareholders

Company Information

Planet 13 Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Planet 13 Holdings Inc.
  • Ticker: PLTH
  • Exchange: CNSX
  • Founded: 2002
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: CA$1.316b
  • Shares outstanding: 183.77m
  • Website: https://www.planet13holdings.com

Number of Employees


Location

  • Planet 13 Holdings Inc.
  • 2548 West Desert Inn Road
  • Suite 100
  • Las Vegas
  • Nevada
  • 89109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLTHCNSX (Canadian National Stock Exchange)YesCommon Voting SharesCACADJun 2018
PLNH.FOTCPK (Pink Sheets LLC)YesCommon Voting SharesUSUSDJun 2018

Biography

Planet 13 Holdings Inc., a cannabis company, cultivates, produces, distributes, and markets cannabis and cannabis-infused products for medical and retail cannabis markets in Nevada, the United States. It a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 23:12
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.