Curaleaf Holdings, Inc.

TSX:CURA Stock Report

Market Cap: CA$1.6b

Curaleaf Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CURA (CA$2.19) is trading below our estimate of fair value (CA$42.31)

Significantly Below Fair Value: CURA is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As CURA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CURA. This is calculated by dividing CURA's market cap by their current revenue.
What is CURA's PS Ratio?
PS Ratio0.8x
SalesUS$1.36b
Market CapUS$1.14b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CURA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
TRUL Trulieve Cannabis
0.8x3.6%CA$1.3b
GTII Green Thumb Industries
1.6x9.5%CA$2.7b
CRON Cronos Group
6.8x8.7%CA$1.1b
VRNO Verano Holdings
0.5x3.0%CA$617.0m
CURA Curaleaf Holdings
0.8x11.6%CA$1.6b

Price-To-Sales vs Peers: CURA is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does CURA's PS Ratio compare vs other companies in the CA Pharmaceuticals Industry?

28 CompaniesPrice / SalesEstimated GrowthMarket Cap
AYR.A Ayr Wellness
0.1x4.0%US$44.85m
IAN iAnthus Capital Holdings
0.1xn/aUS$23.14m
TIUM.U Cansortium
0.2xn/aUS$21.05m
CWEB Charlotte's Web Holdings
0.2x3.2%US$13.13m
CURA 0.8xIndustry Avg. 0.8xNo. of Companies28PS012345+
28 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CURA is expensive based on its Price-To-Sales Ratio (0.8x) compared to the Canadian Pharmaceuticals industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is CURA'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.

CURA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: CURA is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CURA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.19
CA$7.66
+250.0%
51.6%CA$16.86CA$3.83n/a7
Dec ’25CA$2.69
CA$7.81
+190.4%
47.9%CA$16.58CA$3.77n/a7
Nov ’25CA$4.10
CA$9.74
+137.5%
32.6%CA$16.96CA$7.05n/a7
Oct ’25CA$3.99
CA$9.60
+140.6%
30.1%CA$16.56CA$6.91n/a8
Sep ’25CA$3.91
CA$11.38
+191.2%
46.8%CA$23.84CA$7.00n/a9
Aug ’25CA$5.25
CA$11.76
+123.9%
44.7%CA$24.03CA$7.60n/a9
Jul ’25CA$5.25
CA$11.63
+121.5%
44.4%CA$23.69CA$7.50n/a9
Jun ’25CA$6.30
CA$11.64
+84.7%
44.4%CA$23.73CA$7.51n/a9
May ’25CA$7.76
CA$11.19
+44.2%
47.7%CA$23.70CA$6.64n/a9
Apr ’25CA$7.40
CA$10.58
+43.0%
39.1%CA$18.15CA$6.57n/a9
Mar ’25CA$6.62
CA$9.94
+50.2%
45.4%CA$18.08CA$4.92n/a9
Feb ’25CA$7.44
CA$9.63
+29.4%
47.2%CA$17.89CA$4.86n/a9
Jan ’25CA$5.51
CA$9.38
+70.3%
49.0%CA$17.86CA$4.86n/a9
Dec ’24CA$4.85
CA$9.54
+96.7%
49.5%CA$18.26CA$4.97CA$2.699
Nov ’24CA$3.81
CA$10.43
+173.6%
56.0%CA$23.55CA$5.17CA$4.109
Oct ’24CA$6.10
CA$10.29
+68.8%
55.2%CA$23.08CA$5.07CA$3.999
Sep ’24CA$5.21
CA$9.52
+82.7%
60.8%CA$22.96CA$3.03CA$3.9110
Aug ’24CA$4.84
CA$10.41
+115.0%
62.6%CA$26.57CA$3.54CA$5.2510
Jul ’24CA$4.09
CA$10.79
+163.9%
60.2%CA$26.30CA$4.87CA$5.259
Jun ’24CA$3.72
CA$10.21
+174.3%
64.3%CA$27.15CA$5.03CA$6.308
May ’24CA$3.52
CA$13.19
+274.8%
57.1%CA$34.47CA$8.11CA$7.7610
Apr ’24CA$3.79
CA$12.77
+236.8%
54.5%CA$34.47CA$7.99CA$7.4012
Mar ’24CA$5.09
CA$12.99
+155.2%
53.0%CA$34.60CA$8.12CA$6.6212
Feb ’24CA$5.30
CA$13.98
+163.8%
52.2%CA$33.73CA$8.50CA$7.4413
Jan ’24CA$5.83
CA$14.07
+141.4%
51.1%CA$33.62CA$8.41CA$5.5113
Dec ’23CA$9.41
CA$14.07
+49.5%
51.1%CA$33.62CA$8.41CA$4.8513

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 03:36
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Curaleaf Holdings, Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GreyAlliance Global Partners
Kenric TygheATB Capital Markets
Frederico Yokota Choucair GomesATB Capital Markets