TSXV:SPDR

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Spyder Cannabis

Executive Summary

Spyder Cannabis Inc. engages in the retail of various cannabis products in Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Spyder Cannabis's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPDR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

28.6%

SPDR

-1.2%

CA Specialty Retail

0.005%

CA Market


1 Year Return

-10.0%

SPDR

-18.8%

CA Specialty Retail

-5.8%

CA Market

Return vs Industry: SPDR exceeded the Canadian Specialty Retail industry which returned -19.6% over the past year.

Return vs Market: SPDR underperformed the Canadian Market which returned -6.3% over the past year.


Shareholder returns

SPDRIndustryMarket
7 Day28.6%-1.2%0.005%
30 Day-25.0%4.6%4.5%
90 Day80.0%22.6%9.7%
1 Year-10.0%-10.0%-16.4%-18.8%-2.5%-5.8%
3 Yearn/a-30.0%-35.6%8.5%-2.0%
5 Yearn/a-10.7%-22.6%29.1%9.4%

Price Volatility Vs. Market

How volatile is Spyder Cannabis's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Spyder Cannabis undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Spyder Cannabis is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Spyder Cannabis has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SPDR'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.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Spyder Cannabis regulatory filings.
  • Explore potentially undervalued companies in the Retail industry.

Future Growth

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

33.6%

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 Spyder Cannabis 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.


Next Steps

Past Performance

How has Spyder Cannabis performed over the past 5 years?

-251.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SPDR is currently unprofitable.

Growing Profit Margin: SPDR is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: SPDR is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (1.2%).


Return on Equity

High ROE: SPDR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Spyder Cannabis's financial position?


Financial Position Analysis

Short Term Liabilities: SPDR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SPDR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPDR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SPDR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: SPDR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SPDR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.6% each year


Next Steps

Dividend

What is Spyder Cannabis's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SPDR'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 SPDR'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?

CA$60k

CEO Compensation


CEO

Dan Pelchovitz

no data

Tenure

CA$60,000

Compensation

Daniel Pelchovitz, also known as Dan is President, Director and Chief Executive Officer at Spyder Cannabis Inc. (formerly, Anchor Capital Corporation).


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD178.97K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


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: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.2%.


Top Shareholders

Company Information

Spyder Cannabis Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spyder Cannabis Inc.
  • Ticker: SPDR
  • Exchange: TSXV
  • Founded: 2014
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: CA$1.945m
  • Shares outstanding: 43.22m
  • Website: https://corporate.spydercannabis.com

Number of Employees


Location

  • Spyder Cannabis Inc.
  • Unit 51, 7600 Weston Road
  • Woodbridge
  • Ontario
  • L4L 8B7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPDRTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2019

Biography

Spyder Cannabis Inc. engages in the retail of various cannabis products in Canada. The company offers electronic cigarettes, cannabis supplies, e-juices, and accessories. It sells its products through a ch ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 01:09
End of Day Share Price2020/07/31 00:00
Earnings2020/01/31
Annual Earnings2020/01/31


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.