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Decibel Cannabis TSXV:DB Stock Report

Last Price

CA$0.075

Market Cap

CA$43.3m

7D

7.1%

1Y

-44.4%

Updated

20 Dec, 2024

Data

Company Financials +

Decibel Cannabis Company Inc.

TSXV:DB Stock Report

Market Cap: CA$43.3m

DB Stock Overview

An integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. More details

DB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 81.6% below our estimate of its fair value

Earnings are forecast to grow 212.51% per year

Earnings have grown 36.5% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Does not have a meaningful market cap (CA$43M)

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the Canadian market


My Notes

Capture your thoughts, links and company narrative

Decibel Cannabis Company Inc. Competitors

Grey Wolf Animal Health

TSXV:WOLF

CA$38.3m

Greenway Greenhouse Cannabis

CNSX:GWAY

CA$52.6m

MediPharm Labs

TSX:LABS

CA$26.7m

Cansortium

CNSX:TIUM.U

US$21.1m

Price History & Performance

Summary of share price highs, lows and changes for Decibel Cannabis
Historical stock prices
Current Share PriceCA$0.075
52 Week HighCA$0.15
52 Week LowCA$0.035
Beta1
1 Month Change15.38%
3 Month Change7.14%
1 Year Change-44.44%
3 Year Change-48.28%
5 Year Change-61.54%
Change since IPO-58.33%

Recent News & Updates

Recent updates

Investors Don't See Light At End Of Decibel Cannabis Company Inc.'s (CVE:DB) Tunnel And Push Stock Down 29%

Oct 13
Investors Don't See Light At End Of Decibel Cannabis Company Inc.'s (CVE:DB) Tunnel And Push Stock Down 29%

Decibel Cannabis Company Inc. (CVE:DB) Stock's 33% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Aug 15
Decibel Cannabis Company Inc. (CVE:DB) Stock's 33% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt

Jul 27
Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt

Decibel Cannabis Company Inc. (CVE:DB) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Jun 02
Decibel Cannabis Company Inc. (CVE:DB) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Sentiment Still Eluding Decibel Cannabis Company Inc. (CVE:DB)

Mar 06
Sentiment Still Eluding Decibel Cannabis Company Inc. (CVE:DB)

Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load

Jan 10
Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load

We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt

Sep 28
We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt

Cautious Investors Not Rewarding Decibel Cannabis Company Inc.'s (CVE:DB) Performance Completely

Jul 15
Cautious Investors Not Rewarding Decibel Cannabis Company Inc.'s (CVE:DB) Performance Completely

Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?

May 17
Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?

Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?

Nov 11
Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?

Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky

Jul 22
Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky

Does Decibel Cannabis (CVE:DB) Have A Healthy Balance Sheet?

Nov 24
Does Decibel Cannabis (CVE:DB) Have A Healthy Balance Sheet?

Here's Why Decibel Cannabis (CVE:DB) Has A Meaningful Debt Burden

Aug 21
Here's Why Decibel Cannabis (CVE:DB) Has A Meaningful Debt Burden

Would Decibel Cannabis (CVE:DB) Be Better Off With Less Debt?

Apr 16
Would Decibel Cannabis (CVE:DB) Be Better Off With Less Debt?

Shareholder Returns

DBCA PharmaceuticalsCA Market
7D7.1%-0.5%-2.6%
1Y-44.4%-26.9%15.2%

Return vs Industry: DB underperformed the Canadian Pharmaceuticals industry which returned -24.4% over the past year.

Return vs Market: DB underperformed the Canadian Market which returned 15% over the past year.

Price Volatility

Is DB's price volatile compared to industry and market?
DB volatility
DB Average Weekly Movement16.6%
Pharmaceuticals Industry Average Movement12.0%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

Stable Share Price: DB's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: DB's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBenjamin Szewww.decibelcc.com

Decibel Cannabis Company Inc., an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.

Decibel Cannabis Company Inc. Fundamentals Summary

How do Decibel Cannabis's earnings and revenue compare to its market cap?
DB fundamental statistics
Market capCA$43.26m
Earnings (TTM)-CA$1.28m
Revenue (TTM)CA$102.17m

0.4x

P/S Ratio

-33.8x

P/E Ratio

Is DB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DB income statement (TTM)
RevenueCA$102.17m
Cost of RevenueCA$59.49m
Gross ProfitCA$42.68m
Other ExpensesCA$43.96m
Earnings-CA$1.28m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.0022
Gross Margin41.77%
Net Profit Margin-1.25%
Debt/Equity Ratio91.5%

How did DB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 02:32
End of Day Share Price 2024/12/20 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

Decibel Cannabis Company Inc. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Frederico Yokota Choucair GomesATB Capital Markets
Kimberly Thompson-HedlinCanaccord Genuity
Jenny WangEight Capital