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Decibel Cannabis TSXV:DB Stock Report

Last Price

CA$0.065

Market Cap

CA$40.4m

7D

0%

1Y

-45.8%

Updated

12 May, 2025

Data

Company Financials +

Decibel Cannabis Company Inc.

TSXV:DB Stock Report

Market Cap: CA$40.4m

DB Stock Overview

An integrated cannabis company, engages in the cannabis cultivation in Canada. More details

DB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 92.3% below our estimate of its fair value

Earnings are forecast to grow 17.77% per year

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Shareholders have been substantially diluted in the past year

Interest payments are not well covered by earnings

Does not have a meaningful market cap (CA$40M)


Community vs My Fair Value

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Decibel Cannabis Company Inc. Competitors

Grey Wolf Animal Health

TSXV:WOLF

CA$30.8m

MTL Cannabis

CNSX:MTLC

CA$37.4m

Simply Solventless Concentrates

TSXV:HASH

CA$46.5m

Medexus Pharmaceuticals

TSX:MDP

CA$94.2m

Price History & Performance

Summary of share price highs, lows and changes for Decibel Cannabis
Historical stock prices
Current Share PriceCA$0.065
52 Week HighCA$0.13
52 Week LowCA$0.035
Beta0.64
1 Month Change18.18%
3 Month Change-18.75%
1 Year Change-45.83%
3 Year Change-18.75%
5 Year Change-13.33%
Change since IPO-63.89%

Recent News & Updates

Concerns Surrounding Decibel Cannabis' (CVE:DB) Performance

Apr 30
Concerns Surrounding Decibel Cannabis' (CVE:DB) Performance

Market Cool On Decibel Cannabis Company Inc.'s (CVE:DB) Revenues Pushing Shares 27% Lower

Apr 12
Market Cool On Decibel Cannabis Company Inc.'s (CVE:DB) Revenues Pushing Shares 27% Lower

Take Care Before Diving Into The Deep End On Decibel Cannabis Company Inc. (CVE:DB)

Feb 26
Take Care Before Diving Into The Deep End On Decibel Cannabis Company Inc. (CVE:DB)

Recent updates

Concerns Surrounding Decibel Cannabis' (CVE:DB) Performance

Apr 30
Concerns Surrounding Decibel Cannabis' (CVE:DB) Performance

Market Cool On Decibel Cannabis Company Inc.'s (CVE:DB) Revenues Pushing Shares 27% Lower

Apr 12
Market Cool On Decibel Cannabis Company Inc.'s (CVE:DB) Revenues Pushing Shares 27% Lower

Take Care Before Diving Into The Deep End On Decibel Cannabis Company Inc. (CVE:DB)

Feb 26
Take Care Before Diving Into The Deep End On Decibel Cannabis Company Inc. (CVE:DB)

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

Shareholder Returns

DBCA PharmaceuticalsCA Market
7D0%-5.4%2.3%
1Y-45.8%-60.9%12.1%

Return vs Industry: DB exceeded the Canadian Pharmaceuticals industry which returned -61% over the past year.

Return vs Market: DB underperformed the Canadian Market which returned 11.4% over the past year.

Price Volatility

Is DB's price volatile compared to industry and market?
DB volatility
DB Average Weekly Movement11.4%
Pharmaceuticals Industry Average Movement12.9%
Market Average Movement9.7%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market4.1%

Stable Share Price: DB has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: DB's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBenjamin Szewww.decibelcc.com

Decibel Cannabis Company Inc., an integrated cannabis company, engages in the cannabis cultivation in Canada. It is involved in the extraction, processing, and manufacturing of vape cartridges and glass tube packaging for pre-rolls. The company also engages in the business-to-business cannabis product sales in the provinces of Saskatchewan and Alberta; and e-commerce end-user customers in the province of Saskatchewan.

Decibel Cannabis Company Inc. Fundamentals Summary

How do Decibel Cannabis's earnings and revenue compare to its market cap?
DB fundamental statistics
Market capCA$40.38m
Earnings (TTM)CA$13.59m
Revenue (TTM)CA$92.54m

2.8x

P/E Ratio

0.4x

P/S 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$92.54m
Cost of RevenueCA$54.96m
Gross ProfitCA$37.58m
Other ExpensesCA$23.98m
EarningsCA$13.59m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.024
Gross Margin40.61%
Net Profit Margin14.69%
Debt/Equity Ratio59.1%

How did DB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/12 04:26
End of Day Share Price 2025/05/12 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

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