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SNYB

ShinyBud TSXV:SNYB Stock Report

Last Price

CA$1.46

Market Cap

CA$15.5m

7D

7.8%

1Y

n/a

Updated

07 Aug, 2022

Data

Company Financials
SNYB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

SNYB Stock Overview

ShinyBud Corp. operates as a cannabis retailer in Canada.

ShinyBud Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ShinyBud
Historical stock prices
Current Share PriceCA$1.46
52 Week HighCA$6.25
52 Week LowCA$1.10
Beta0
1 Month Change-16.86%
3 Month Change-51.50%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-73.55%

Recent News & Updates

Shareholder Returns

SNYBCA Specialty RetailCA Market
7D7.8%2.3%-0.8%
1Yn/a-12.9%-2.0%

Return vs Industry: Insufficient data to determine how SNYB performed against the Canadian Specialty Retail industry.

Return vs Market: Insufficient data to determine how SNYB performed against the Canadian Market.

Price Volatility

Is SNYB's price volatile compared to industry and market?
SNYB volatility
SNYB Average Weekly Movementn/a
Specialty Retail Industry Average Movement6.4%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market4.4%

Stable Share Price: Insufficient data to determine SNYB's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SNYB's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021140Kevin Reedhttps://www.shinybud.com

ShinyBud Corp. operates as a cannabis retailer in Canada. The company’s retail chain that offers cannabis products and accessories to the legal adult-use recreational market in Ontario. It operates approximately 30 corporate stores and 12 licensed stores across Ontario.

ShinyBud Fundamentals Summary

How do ShinyBud's earnings and revenue compare to its market cap?
SNYB fundamental statistics
Market CapCA$15.51m
Earnings (TTM)-CA$7.91m
Revenue (TTM)CA$23.88m

0.6x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNYB income statement (TTM)
RevenueCA$23.88m
Cost of RevenueCA$15.04m
Gross ProfitCA$8.84m
Other ExpensesCA$16.75m
Earnings-CA$7.91m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.74
Gross Margin37.01%
Net Profit Margin-33.14%
Debt/Equity Ratio41.2%

How did SNYB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SNYB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNYB?

Other financial metrics that can be useful for relative valuation.

SNYB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA-12.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SNYB's PS Ratio compare to its peers?

SNYB PS Ratio vs Peers
The above table shows the PS ratio for SNYB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x
PESO PesoRama
1.7xn/aCA$17.3m
NOVC Nova Cannabis
0.2x18.2%CA$32.6m
LOTA Delota
0.2xn/aCA$5.1m
KO Kiaro Holdings
0.1xn/aCA$4.0m
SNYB ShinyBud
0.6xn/aCA$15.5m

Price-To-Sales vs Peers: SNYB is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does SNYB's PE Ratio compare vs other companies in the North American Specialty Retail Industry?

Price-To-Sales vs Industry: SNYB is expensive based on its Price-To-Sales Ratio (0.6x) compared to the Canadian Specialty Retail industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

What is SNYB'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.

SNYB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SNYB's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SNYB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SNYB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SNYB's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is ShinyBud forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.8%

Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ShinyBud has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of SNYB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • ShinyBud competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has ShinyBud performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-982.4%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: SNYB is currently unprofitable.

Growing Profit Margin: SNYB is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: SNYB is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (41.2%).


Return on Equity

High ROE: SNYB has a negative Return on Equity (-57.12%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is ShinyBud's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SNYB's short term assets (CA$5.2M) do not cover its short term liabilities (CA$7.3M).

Long Term Liabilities: SNYB's short term assets (CA$5.2M) do not cover its long term liabilities (CA$11.7M).


Debt to Equity History and Analysis

Debt Level: SNYB's net debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SNYB'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: SNYB has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SNYB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 100.6% each year


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Dividend

What is ShinyBud current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SNYB'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 SNYB has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.6yrs

Average management tenure


CEO

Kevin Reed (53 yo)

no data

Tenure

CA$69,807

Compensation

Mr. Kevin D. Reed serves as Chairman and Chief Executive Officer of ShinyBud Corp and is its Director since January 20, 2022. He served as the Chief Executive Officer of Equity Financial Trust Company unti...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD53.92K) is below average for companies of similar size in the Canadian market ($USD185.39K).

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Leadership Team

Experienced Management: SNYB's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: SNYB's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: SNYB only recently listed within the past 12 months.


Top Shareholders

Company Information

ShinyBud Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: ShinyBud Corp.
  • Ticker: SNYB
  • Exchange: TSXV
  • Founded: 2021
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: CA$15.507m
  • Shares outstanding: 10.66m
  • Website: https://www.shinybud.com

Number of Employees


Location

  • ShinyBud Corp.
  • 150 York Street
  • Sutie 1008
  • Toronto
  • Ontario
  • M5H 3S5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


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.