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Nova Cannabis Past Earnings Performance
Past criteria checks 2/6
Nova Cannabis has been growing earnings at an average annual rate of 25.6%, while the Specialty Retail industry saw earnings growing at 21.3% annually. Revenues have been growing at an average rate of 30.4% per year. Nova Cannabis's return on equity is 5.3%, and it has net margins of 1.1%.
Key information
25.6%
Earnings growth rate
49.4%
EPS growth rate
| Specialty Retail Industry Growth | 18.2% |
| Revenue growth rate | 30.4% |
| Return on equity | 5.3% |
| Net Margin | 1.1% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Positive Sentiment Still Eludes Nova Cannabis Inc. (TSE:NOVC) Following 26% Share Price Slump
Apr 26
Sentiment Still Eluding Nova Cannabis Inc. (TSE:NOVC)
Feb 29Nova Cannabis (TSE:NOVC) Has A Somewhat Strained Balance Sheet
Jan 24Nova Cannabis Inc.'s (TSE:NOVC) Intrinsic Value Is Potentially 86% Above Its Share Price
Dec 20A Piece Of The Puzzle Missing From Nova Cannabis Inc.'s (TSE:NOVC) Share Price
Jul 14Revenue & Expenses Breakdown
How Nova Cannabis makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 269 | 3 | 44 | 0 |
| 31 Mar 24 | 263 | 3 | 41 | 0 |
| 31 Dec 23 | 259 | 3 | 39 | 0 |
| 30 Sep 23 | 253 | -2 | 39 | 0 |
| 30 Jun 23 | 244 | -6 | 40 | 0 |
| 31 Mar 23 | 237 | -8 | 38 | 0 |
| 31 Dec 22 | 226 | -11 | 36 | 0 |
| 30 Sep 22 | 213 | -12 | 34 | 0 |
| 30 Jun 22 | 192 | -16 | 31 | 0 |
| 31 Mar 22 | 166 | -22 | 31 | 0 |
| 31 Dec 21 | 134 | -21 | 27 | 0 |
| 30 Sep 21 | 104 | -19 | 24 | 0 |
| 30 Jun 21 | 81 | -11 | 20 | 0 |
| 31 Mar 21 | 66 | -4 | 16 | 0 |
| 31 Dec 20 | 63 | -2 | 15 | 0 |
| 30 Sep 20 | 59 | -3 | 14 | 0 |
| 31 Dec 19 | 41 | -9 | 12 | 0 |
| 31 Dec 18 | 10 | -11 | 11 | 0 |
Quality Earnings: NOVC has a large one-off loss of CA$3.2M impacting its last 12 months of financial results to 30th June, 2024.
Growing Profit Margin: NOVC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NOVC has become profitable over the past 5 years, growing earnings by 25.6% per year.
Accelerating Growth: NOVC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NOVC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-14.1%).
Return on Equity
High ROE: NOVC's Return on Equity (5.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/21 07:55 |
| End of Day Share Price | 2024/10/21 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Nova Cannabis Inc. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Ty Collin | Eight Capital |