Tilray Brands, Inc.

XTRA:2HQ Stock Report

Market Cap: €833.5m

Tilray Brands Valuation

Is 2HQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2HQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€15.30
Fair Value
94.2% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: 2HQ (€0.89) is trading below our estimate of fair value (€15.3)

Significantly Below Fair Value: 2HQ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2HQ?

Key metric: As 2HQ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2HQ. This is calculated by dividing 2HQ's market cap by their current revenue.
What is 2HQ's PS Ratio?
PS Ratio1.1x
SalesUS$829.22m
Market CapUS$874.64m

Price to Sales Ratio vs Peers

How does 2HQ's PS Ratio compare to its peers?

The above table shows the PS ratio for 2HQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.2x
DMP Dermapharm Holding
1.8x3.8%€2.1b
PSG PharmaSGP Holding
2.8x7.3%€316.5m
APPH Apontis Pharma
2.2x15.3%€90.8m
HIGH Cantourage Group
29.9x28.0%€58.6m
2HQ Tilray Brands
1.1x6.6%€874.6m

Price-To-Sales vs Peers: 2HQ is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (9.2x).

Price to Sales Ratio vs Industry

How does 2HQ's PS Ratio compare vs other companies in the European Pharmaceuticals Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
2HQ 1.1xIndustry Avg. 3.5xNo. of Companies22PS03.67.210.814.418+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2HQ is good value based on its Price-To-Sales Ratio (1.1x) compared to the European Pharmaceuticals industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is 2HQ'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.

2HQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: 2HQ is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).

Analyst Price Targets

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

The above table shows the analyst 2HQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.89
€1.76
+96.6%
24.4%€2.89€1.20n/a14
Feb ’26€1.04
€1.77
+69.8%
24.4%€2.91€1.21n/a14
Jan ’26€1.37
€2.08
+52.1%
27.5%€3.81€1.62n/a13
Dec ’25€1.29
€2.09
+61.5%
26.6%€3.80€1.66n/a13
Nov ’25€1.53
€2.02
+32.1%
26.2%€3.66€1.60n/a13
Oct ’25€1.56
€2.09
+33.7%
23.8%€3.61€1.72n/a14
Sep ’25€1.52
€2.20
+45.1%
24.7%€3.70€1.76n/a14
Aug ’25€1.90
€2.20
+15.6%
24.7%€3.70€1.76n/a14
Jul ’25€1.57
€2.22
+41.0%
22.8%€3.74€1.78n/a17
Jun ’25€1.67
€2.21
+32.6%
22.8%€3.73€1.77n/a17
May ’25€1.69
€2.21
+31.0%
22.8%€3.73€1.77n/a17
Apr ’25€2.39
€2.41
+0.6%
26.7%€3.96€1.86n/a16
Mar ’25€1.62
€2.41
+48.3%
26.7%€3.96€1.86n/a16
Feb ’25€1.74
€2.36
+36.0%
27.4%€3.93€1.76€1.0417
Jan ’25€2.26
€2.43
+7.3%
24.6%€3.89€1.74€1.3717
Dec ’24€1.69
€2.50
+48.3%
23.4%€3.88€1.74€1.2917
Nov ’24€1.68
€2.58
+54.2%
24.1%€4.01€1.79€1.5316
Oct ’24€2.22
€2.78
+25.2%
33.2%€5.20€1.80€1.5616
Sep ’24€2.69
€2.57
-4.4%
35.8%€5.02€1.73€1.5216
Aug ’24€2.19
€2.58
+18.1%
41.2%€5.92€1.73€1.9016
Jul ’24€1.40
€3.02
+115.5%
37.5%€5.93€1.82€1.5716
Jun ’24€1.61
€3.20
+98.7%
32.4%€5.92€2.05€1.6715
May ’24€2.20
€3.20
+45.6%
32.4%€5.92€2.05€1.6915
Apr ’24€2.37
€4.10
+73.0%
41.7%€8.48€2.64€2.3916
Mar ’24€2.61
€4.10
+57.2%
41.7%€8.48€2.64€1.6216
Feb ’24€2.91
€4.13
+42.2%
43.1%€8.19€2.55€1.7415
Analyst Price Target
Consensus Narrative from 14 Analysts
€1.75
Fair Value
48.8% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 11:37
End of Day Share Price 2025/02/14 00:00
Earnings2024/11/30
Annual Earnings2024/05/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Tilray Brands, Inc. is covered by 31 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GreyAlliance Global Partners
Frederico Yokota Choucair GomesATB Capital Markets
Gaurav JainBarclays