Decibel Cannabis Company Inc. engages in the cultivation, processing, production, and retail sale of cannabis products in Canada. More Details
High growth potential with worrying balance sheet.
Share Price & News
How has Decibel Cannabis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DB is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: DB's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
1 Year Return
Return vs Industry: DB exceeded the Canadian Pharmaceuticals industry which returned 32% over the past year.
Return vs Market: DB exceeded the Canadian Market which returned 27.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Decibel Cannabis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Decibel Cannabis 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 DB's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate DB's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: DB is unprofitable, so we can't compare its PE Ratio to the Canadian Pharmaceuticals industry average.
PE vs Market: DB 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 DB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DB is overvalued based on its PB Ratio (3x) compared to the CA Pharmaceuticals industry average (2.8x).
How is Decibel Cannabis forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: DB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DB's is expected to become profitable in the next 3 years.
Revenue vs Market: DB's revenue (37.9% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: DB's revenue (37.9% 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 DB's Return on Equity is forecast to be high in 3 years time
How has Decibel Cannabis performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DB is currently unprofitable.
Growing Profit Margin: DB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DB is unprofitable, and losses have increased over the past 5 years at a rate of 54.8% per year.
Accelerating Growth: Unable to compare DB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DB is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (12.1%).
Return on Equity
High ROE: DB has a negative Return on Equity (-8.86%), as it is currently unprofitable.
How is Decibel Cannabis's financial position?
Financial Position Analysis
Short Term Liabilities: DB's short term assets (CA$26.2M) exceed its short term liabilities (CA$18.1M).
Long Term Liabilities: DB's short term assets (CA$26.2M) do not cover its long term liabilities (CA$40.9M).
Debt to Equity History and Analysis
Debt Level: DB's debt to equity ratio (110.5%) is considered high.
Reducing Debt: Insufficient data to determine if DB'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: DB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: DB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 28.9% each year
What is Decibel Cannabis's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DB'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 DB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DB'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 DB'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
Paul Wilson (62 yo)
Mr. Paul Wilson is the Director at Decibel Cannabis Company Inc. (formerly known as Westleaf Inc.). since December 18, 2019 and serves as its Chief executive officer since June 23, 2021. Mr. Wilson was the...
Experienced Management: DB's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Decibel Cannabis Company Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Decibel Cannabis Company Inc.
- Ticker: DB
- Exchange: TSXV
- Founded: NaN
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: CA$108.407m
- Shares outstanding: 349.70m
- Website: https://www.decibelcc.com
Number of Employees
- Decibel Cannabis Company Inc.
- 140 - 4th Avenue SW
- Suite 1440
- T2P 3N3
Decibel Cannabis Company Inc. engages in the cultivation, processing, production, and retail sale of cannabis products in Canada. It offers cannabis flower, cannabis pre-rolls, and cannabis biomass to lice...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/29 02:01|
|End of Day Share Price||2021/07/28 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.