OTCPK:GSRX

Stock Analysis Report

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Executive Summary

GSRX Industries Inc., through its subsidiaries, engages in acquiring, developing, and operating retail cannabis dispensaries.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has GSRX Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.9%

GSRX

-0.4%

US Consumer Retailing

1.0%

US Market


1 Year Return

-96.0%

GSRX

12.4%

US Consumer Retailing

4.1%

US Market

Return vs Industry: GSRX underperformed the US Consumer Retailing industry which returned 12.4% over the past year.

Return vs Market: GSRX underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

GSRXIndustryMarket
7 Day-1.9%-0.4%1.0%
30 Day67.9%-3.6%5.4%
90 Day22.1%1.1%-5.7%
1 Year-96.0%-96.0%14.4%12.4%6.5%4.1%
3 Year-96.9%-96.9%39.3%31.4%28.3%19.8%
5 Yearn/a54.4%38.5%52.2%35.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is GSRX Industries undervalued compared to its fair value and its price relative to the market?

0.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GSRX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GSRX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GSRX is unprofitable, so we can't compare its PE Ratio to the Consumer Retailing industry average.

PE vs Market: GSRX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSRX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSRX is good value based on its PB Ratio (0.3x) compared to the US Consumer Retailing industry average (1.4x).


Next Steps

Future Growth

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

7.4%

Forecasted Consumer Retailing 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 GSRX Industries 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

  • Take a look at our analysis of GSRX’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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access GSRX Industries's filings and announcements here.
  • Explore growth companies in the Consumer Retailing industry.

Past Performance

How has GSRX Industries performed over the past 5 years?

-30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSRX is currently unprofitable.

Growing Profit Margin: GSRX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GSRX is unprofitable, and losses have increased over the past 5 years at a rate of -30.2% per year.

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

Earnings vs Industry: GSRX is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (7.4%).


Return on Equity

High ROE: GSRX has a negative Return on Equity (-282.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is GSRX Industries's financial position?


Financial Position Analysis

Short Term Liabilities: GSRX's short term assets ($2.0M) exceed its short term liabilities ($1.3M).

Long Term Liabilities: GSRX's short term assets ($2.0M) do not cover its long term liabilities ($2.3M).


Debt to Equity History and Analysis

Debt Level: GSRX is debt free.

Reducing Debt: GSRX had no debt 5 years ago.


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

Forecast Cash Runway: GSRX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 46.4% each year


Next Steps

Dividend

What is GSRX Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if GSRX'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 GSRX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Troy Nihart

0.17

Tenure

Mr. Troy Nihart has been Chairman, President and Interim Chief Executive Officer of GSRX Industries Inc., since March 11, 2020. 


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Gingerich
CFO, Principal Accounting Officer & Secretary3yrsUS$3.12m0.46% $17.6k
Troy Nihart
Chairman0.17yrno datano data
Jeffrey Jump
Non-Executive Board Advisory Consultant & Member of Advisory Board1.92yrsno datano data

2.1yrs

Average Tenure

Experienced Management: GSRX's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Troy Nihart
Chairman0.17yrno datano data
Jeffrey Jump
Non-Executive Board Advisory Consultant & Member of Advisory Board1.92yrsno datano data
Amandeep Parmar
Director0.75yrno datano data
Steven Farkas
Director0.33yrUS$167.88k0.041% $1.6k
Juan Salas
Member of Advisory Board2.08yrsno datano data
Alexander Zhilenkov
Member of Advisory Boardno datano datano data
Luis Toledo-Bayouth
Member of Advisory Board2.08yrsno datano data
Jeffery Rogers
Director0.17yrno datano data
Shaun Dale
Director0.083yrno datano data
Troy Dooly
Director0.083yrno datano data

0.3yrs

Average Tenure

50yo

Average Age

Experienced Board: GSRX's board of directors are not considered experienced ( 0.3 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: Shareholders have been diluted in the past year, with total shares outstanding growing by 40%.


Top Shareholders

Company Information

GSRX Industries Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GSRX Industries Inc.
  • Ticker: GSRX
  • Exchange: OTCPK
  • Founded:
  • Industry: Drug Retail
  • Sector: Consumer Retailing
  • Market Cap: US$3.845m
  • Shares outstanding: 81.80m
  • Website: https://www.gsrxindustries.com

Location

  • GSRX Industries Inc.
  • Building No. 3
  • P.R. 606
  • Dorado
  • Puerto Rico
  • 646
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSRXOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2017

Biography

GSRX Industries Inc., through its subsidiaries, engages in acquiring, developing, and operating retail cannabis dispensaries. It also engages in the extraction, manufacture, distribution, and delivery of cannabis and cannabinoid products. As of July 16, 2019, the company operated five cannabis dispensaries under the Green Spirit RX name in Puerto Rico; a dispensary under The Green Room name in California; and five pre-qualified locations in Puerto Rico. It also owns and operates GetPureAndNatural.com, an e-commerce site, which offers a range of hemp extract products. The company was formerly known as Green Spirit Industries Inc. and changed its name to GSRX Industries Inc. in July 2018. GSRX Industries Inc. is headquartered in Dorado, Puerto Rico. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 04:17
End of Day Share Price2020/05/22 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.