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VIBE

Vibe Growth CNSX:VIBE Stock Report

Last Price

CA$0.14

Market Cap

CA$16.3m

7D

-14.7%

1Y

-83.7%

Updated

30 Jun, 2022

Data

Company Financials +
VIBE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

VIBE Stock Overview

Vibe Growth Corporation engages in the cultivation, production, retail, and distribution of cannabis for recreation and medicinal use in the United States, Canada, and internationally.

Vibe Growth Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vibe Growth
Historical stock prices
Current Share PriceCA$0.14
52 Week HighCA$0.89
52 Week LowCA$0.14
Beta1.55
1 Month Change-23.68%
3 Month Change-50.00%
1 Year Change-83.71%
3 Year Change-70.71%
5 Year Changen/a
Change since IPO-82.94%

Recent News & Updates

Shareholder Returns

VIBECA PharmaceuticalsCA Market
7D-14.7%-4.3%0.3%
1Y-83.7%-72.5%-3.7%

Return vs Industry: VIBE underperformed the Canadian Pharmaceuticals industry which returned -71.4% over the past year.

Return vs Market: VIBE underperformed the Canadian Market which returned -2.9% over the past year.

Price Volatility

Is VIBE's price volatile compared to industry and market?
VIBE volatility
VIBE Average Weekly Movement13.0%
Pharmaceuticals Industry Average Movement11.9%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.4%

Stable Share Price: VIBE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: VIBE's weekly volatility (13%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aMark Waldronhttps://www.vibebycalifornia.com

Vibe Growth Corporation engages in the cultivation, production, retail, and distribution of cannabis for recreation and medicinal use in the United States, Canada, and internationally. It operates seven dispensaries and a cannabis greenhouse cultivation, as well as sells its products online under the Vibe By California brand. The company was formerly known as Vibe Bioscience Ltd.

Vibe Growth Fundamentals Summary

How do Vibe Growth's earnings and revenue compare to its market cap?
VIBE fundamental statistics
Market CapUS$12.61m
Earnings (TTM)-US$5.36m
Revenue (TTM)US$27.42m

0.5x

P/S Ratio

-2.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VIBE income statement (TTM)
RevenueUS$27.42m
Cost of RevenueUS$19.47m
Gross ProfitUS$7.95m
Other ExpensesUS$13.30m
Earnings-US$5.36m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.048
Gross Margin28.99%
Net Profit Margin-19.54%
Debt/Equity Ratio6.8%

How did VIBE perform over the long term?

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

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 VIBE?

Other financial metrics that can be useful for relative valuation.

VIBE 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/Revenue0.3x
Enterprise Value/EBITDA-8x
PEG Ration/a

Price to Sales Ratio vs Peers

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

VIBE PS Ratio vs Peers
The above table shows the PS ratio for VIBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
GRIN Grown Rogue International
1xn/aCA$15.4m
VIVO VIVO Cannabis
0.7xn/aCA$18.5m
CLC Christina Lake Cannabis
3.5xn/aCA$18.2m
SLNG SLANG Worldwide
0.4xn/aCA$13.2m
VIBE Vibe Growth
0.5x19.5%CA$16.3m

Price-To-Sales vs Peers: VIBE is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does VIBE's PE Ratio compare vs other companies in the CA Pharmaceuticals Industry?

Price-To-Sales vs Industry: VIBE is good value based on its Price-To-Sales Ratio (0.5x) compared to the Canadian Pharmaceuticals industry average (1.9x)


Price to Sales Ratio vs Fair Ratio

What is VIBE'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.

VIBE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: VIBE is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Vibe Growth forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: VIBE's revenue (19.5% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: VIBE's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Vibe Growth 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


40.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VIBE is currently unprofitable.

Growing Profit Margin: VIBE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VIBE is unprofitable, but has reduced losses over the past 5 years at a rate of 40.2% per year.

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

Earnings vs Industry: VIBE is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (118.1%).


Return on Equity

High ROE: VIBE has a negative Return on Equity (-26.01%), as it is currently unprofitable.


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Financial Health

How is Vibe Growth's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: VIBE's short term assets ($11.6M) exceed its short term liabilities ($8.9M).

Long Term Liabilities: VIBE's short term assets ($11.6M) exceed its long term liabilities ($2.8M).


Debt to Equity History and Analysis

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

Reducing Debt: Insufficient data to determine if VIBE'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: VIBE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VIBE has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 63.3% each year.


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Dividend

What is Vibe Growth 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 VIBE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if VIBE'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 VIBE has not reported any payouts.


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Management

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

2.8yrs

Average management tenure


CEO

Mark Waldron (53 yo)

4yrs

Tenure

US$232,903

Compensation

Mr. Mark William Waldron has been the Chief Executive Officer of Vibe Growth Corporation (formerly known as Vibe Bioscience Ltd.) since June 2018 and has been its Director since March 25, 2019. Mr. Waldron...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD232.90K) is above average for companies of similar size in the Canadian market ($USD174.83K).

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


Leadership Team

Experienced Management: VIBE's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: VIBE's board of directors are not considered experienced ( 2.6 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: VIBE 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 9%.


Top Shareholders

Company Information

Vibe Growth Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Vibe Growth Corporation
  • Ticker: VIBE
  • Exchange: CNSX
  • Founded: 2011
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Implied Market Cap: CA$16.261m
  • Shares outstanding: 112.14m
  • Website: https://www.vibebycalifornia.com

Location

  • Vibe Growth Corporation
  • 997 Seymour Street
  • Suite 250
  • Vancouver
  • British Columbia
  • V6B 3M1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.