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
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.
7 Day Return
1 Year Return
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.
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
2 weeks ago | Simply Wall StThe Chief Financial Officer of Planet 13 Holdings Inc. (CSE:PLTH), Dennis Logan, Just Sold 33% Of Their Holding
1 month ago | Simply Wall StAre Insiders Selling Planet 13 Holdings Inc. (CSE:PLTH) Stock?
Is Planet 13 Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is Planet 13 Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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
How has Planet 13 Holdings performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Groesbeck (59 yo)
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.
|Co-CEO & Co-Chairman||2.5yrs||US$1.15m||20.98% |
|Co-CEO & Co-Chairman||no data||US$1.16m||21.33% |
|Founder & VP of Operations||no data||US$747.96k||2.57% |
|Chief Financial Officer||2.58yrs||US$545.62k||0.054% |
|General Counsel||2.58yrs||US$363.85k||0.058% |
|Vice President of Finance||2.58yrs||US$397.87k||0.095% |
|Vice President of Sales & Marketing||no data||no data||0.027% |
Experienced Management: PLTH's management team is considered experienced (2.6 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.5%.
Planet 13 Holdings Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Planet 13 Holdings Inc.
- 2548 West Desert Inn Road
- Suite 100
- Las Vegas
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLTH||CNSX (Canadian National Stock Exchange)||Yes||Common Voting Shares||CA||CAD||Jun 2018|
|PLNH.F||OTCPK (Pink Sheets LLC)||Yes||Common Voting Shares||US||USD||Jun 2018|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/22 23:12|
|End of Day Share Price||2021/01/22 00:00|
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.