NOVC Stock Overview
Nova Cannabis Inc. engages in the operation of retail cannabis stores with a focus on the recreational-use cannabis market in Canada.
Nova Cannabis Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.73|
|52 Week High||CA$4.42|
|52 Week Low||CA$0.65|
|1 Month Change||-34.82%|
|3 Month Change||-67.12%|
|1 Year Change||-74.83%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-75.91%|
Recent News & Updates
|NOVC||CA Specialty Retail||CA Market|
Return vs Industry: NOVC underperformed the Canadian Specialty Retail industry which returned -23.2% over the past year.
Return vs Market: NOVC underperformed the Canadian Market which returned -5% over the past year.
|NOVC Average Weekly Movement||14.8%|
|Specialty Retail Industry Average Movement||6.2%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||17.5%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: NOVC is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: NOVC's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
Nova Cannabis Inc. engages in the operation of retail cannabis stores with a focus on the recreational-use cannabis market in Canada. As of March 31, 2022, the company operated 78 cannabis stores in Alberta, Ontario, and Saskatchewan. The company is headquartered in Edmonton, Canada.
Nova Cannabis Fundamentals Summary
|NOVC fundamental statistics|
Is NOVC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOVC income statement (TTM)|
|Cost of Revenue||CA$136.34m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.38|
|Net Profit Margin||-13.22%|
How did NOVC perform over the long term?See historical performance and comparison
Is NOVC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NOVC?
Other financial metrics that can be useful for relative valuation.
|What is NOVC's n/a Ratio?|
Price to Sales Ratio vs Peers
How does NOVC's PS Ratio compare to its peers?
|NOVC PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
IDG Indigo Books & Music
FAF Fire & Flower Holdings
NOVC Nova Cannabis
Price-To-Sales vs Peers: NOVC is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does NOVC's PE Ratio compare vs other companies in the North American Specialty Retail Industry?
Price-To-Sales vs Industry: NOVC is good value based on its Price-To-Sales Ratio (0.3x) compared to the Canadian Specialty Retail industry average (0.6x)
Price to Sales Ratio vs Fair Ratio
What is NOVC'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.
|Current PS Ratio||0.3x|
|Fair PS Ratio||3.1x|
Price-To-Sales vs Fair Ratio: NOVC is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).
Share Price vs Fair Value
What is the Fair Price of NOVC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate NOVC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate NOVC's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NOVC's PEG Ratio to determine if it is good value.
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How is Nova Cannabis forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if NOVC's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if NOVC's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if NOVC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NOVC's revenue (57.1% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: NOVC's revenue (57.1% 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 NOVC's Return on Equity is forecast to be high in 3 years time
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How has Nova Cannabis performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOVC is currently unprofitable.
Growing Profit Margin: NOVC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NOVC is unprofitable, and losses have increased over the past 5 years at a rate of 32.2% per year.
Accelerating Growth: Unable to compare NOVC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NOVC is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (47.3%).
Return on Equity
High ROE: NOVC has a negative Return on Equity (-39.69%), as it is currently unprofitable.
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How is Nova Cannabis's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NOVC's short term assets (CA$19.4M) exceed its short term liabilities (CA$15.2M).
Long Term Liabilities: NOVC's short term assets (CA$19.4M) do not cover its long term liabilities (CA$46.3M).
Debt to Equity History and Analysis
Debt Level: NOVC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NOVC'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: NOVC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOVC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 93.7% each year
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What is Nova Cannabis's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOVC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOVC'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 NOVC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOVC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NOVC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Marcie Kiziak (42 yo)
Ms. Marcie Catherine Kiziak served as Chief Operating Officer at Nova Cannabis Inc. since March 22, 2021 until March 2022 and serves as its President and Chief Executive Officer since March 31, 2022. She a...
CEO Compensation Analysis
Compensation vs Market: Marcie's total compensation ($USD324.04K) is above average for companies of similar size in the Canadian market ($USD191.19K).
Compensation vs Earnings: Insufficient data to compare Marcie's compensation with company performance.
Experienced Board: NOVC's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NOVC 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.
Nova Cannabis Inc.'s employee growth, exchange listings and data sources
- Name: Nova Cannabis Inc.
- Ticker: NOVC
- Exchange: TSX
- Founded: NaN
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: CA$41.723m
- Shares outstanding: 57.15m
- Website: https://www.novacannabis.ca
Number of Employees
- Nova Cannabis Inc.
- 17220 Stony Plain Road
- Suite 101
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/04 00:00|
|End of Day Share Price||2022/07/04 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.