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Inner Spirit Holdings

Market Cap

CA$57.0m

Last Updated

2021/04/16 23:29 UTC

Data Sources

Company Financials +

Executive Summary

Inner Spirit Holdings Ltd., through its subsidiaries, operates and franchises a network of recreational cannabis stores under the Spiritleaf brand. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Inner Spirit Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ISH is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 17% a week.

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


Market Performance


7 Day Return

-2.0%

ISH

3.3%

CA Specialty Retail

0.6%

CA Market


1 Year Return

163.2%

ISH

120.3%

CA Specialty Retail

38.5%

CA Market

Return vs Industry: ISH exceeded the Canadian Specialty Retail industry which returned 122.3% over the past year.

Return vs Market: ISH exceeded the Canadian Market which returned 42.1% over the past year.


Shareholder returns

ISHIndustryMarket
7 Day-2.0%3.3%0.6%
30 Day-15.3%7.1%1.3%
90 Day31.6%19.0%8.7%
1 Year163.2%163.2%124.7%120.3%43.3%38.5%
3 Yearn/a39.7%31.2%32.0%19.2%
5 Yearn/a53.6%35.0%57.5%33.4%

Long-Term Price Volatility Vs. Market

How volatile is Inner Spirit Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Inner Spirit Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ISH (CA$0.25) is trading below our estimate of fair value (CA$1.25)

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


Price To Earnings Ratio

PE vs Industry: ISH is unprofitable, so we can't compare its PE Ratio to the CA Specialty Retail industry average.

PE vs Market: ISH 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 ISH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ISH is overvalued based on its PB Ratio (24.4x) compared to the CA Specialty Retail industry average (2.5x).


Future Growth

How is Inner Spirit Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

120.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: ISH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ISH's is expected to become profitable in the next 3 years.

Revenue vs Market: ISH's revenue (22.3% per year) is forecast to grow faster than the Canadian market (6.7% per year).

High Growth Revenue: ISH's revenue (22.3% 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 ISH's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Inner Spirit Holdings performed over the past 5 years?

70.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ISH is currently unprofitable.

Growing Profit Margin: ISH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ISH's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: ISH is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-11.9%).


Return on Equity

High ROE: ISH has a negative Return on Equity (-149.02%), as it is currently unprofitable.


Financial Health

How is Inner Spirit Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ISH's short term assets (CA$10.0M) exceed its short term liabilities (CA$5.6M).

Long Term Liabilities: ISH's short term assets (CA$10.0M) do not cover its long term liabilities (CA$24.1M).


Debt to Equity History and Analysis

Debt Level: ISH's debt to equity ratio (478.4%) is considered high.

Reducing Debt: Insufficient data to determine if ISH'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: Whilst unprofitable ISH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ISH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.9% per year.


Dividend

What is Inner Spirit Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ISH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if ISH'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 ISH's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Darren Bondar (45 yo)

4.08yrs

Tenure

CA$262,500

Compensation

Mr. Darren Bondar has been the President and Chief Executive Officer at Inner Spirit Holdings Ltd. since March 16, 2017 and has been its Director since August 31, 2017. He is a Founder of Inner Spirit Hold...


CEO Compensation Analysis

Compensation vs Market: Darren's total compensation ($USD209.15K) is above average for companies of similar size in the Canadian market ($USD156.29K).

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


Leadership Team

Experienced Management: ISH's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: ISH's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 27.8%.


Top Shareholders

Company Information

Inner Spirit Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inner Spirit Holdings Ltd.
  • Ticker: ISH
  • Exchange: CNSX
  • Founded: 2017
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: CA$56.966m
  • Shares outstanding: 285.16m
  • Website: https://www.innerspiritholdings.com

Number of Employees


Location

  • Inner Spirit Holdings Ltd.
  • 5740 - 2nd Street South West
  • Suite 102
  • Calgary
  • Alberta
  • T2H 1Y6
  • Canada

Listings


Biography

Inner Spirit Holdings Ltd., through its subsidiaries, operates and franchises a network of recreational cannabis stores under the Spiritleaf brand. It sells cannabis and accessories through its stores. As ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 23:29
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.