OTCPK:PLNH.F

Stock Analysis Report

Executive Summary

Planet 13 Holdings Inc., a cannabis company, cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States.


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has Planet 13 Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLNH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

21.2%

PLNH.F

-4.1%

US Pharmaceuticals

-7.4%

US Market


1 Year Return

27.6%

PLNH.F

2.0%

US Pharmaceuticals

10.5%

US Market

Return vs Industry: PLNH.F exceeded the US Pharmaceuticals industry which returned 3.7% over the past year.

Return vs Market: PLNH.F exceeded the US Market which returned 14% over the past year.


Shareholder returns

PLNH.FIndustryMarket
7 Day21.2%-4.1%-7.4%
30 Day5.2%-5.0%-3.6%
90 Day18.7%0.6%-0.6%
1 Year27.6%27.6%4.6%2.0%12.8%10.5%
3 Yearn/a20.1%11.5%37.4%28.6%
5 Yearn/a23.7%10.1%61.3%43.6%

Price Volatility Vs. Market

How volatile is Planet 13 Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Planet 13 Holdings undervalued compared to its fair value and its price relative to the market?

5.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: PLNH.F is unprofitable, so we can't compare its PE Ratio to the Pharmaceuticals industry average.

PE vs Market: PLNH.F 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 PLNH.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLNH.F is overvalued based on its PB Ratio (5.8x) compared to the US Pharmaceuticals industry average (2.9x).


Next Steps

Future Growth

How is Planet 13 Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

118.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLNH.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: PLNH.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PLNH.F's is expected to become profitable in the next 3 years.

Revenue vs Market: PLNH.F's revenue (36.4% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: PLNH.F's revenue (36.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PLNH.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Planet 13 Holdings performed over the past 5 years?

14.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: PLNH.F is currently unprofitable.

Growing Profit Margin: PLNH.F is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: PLNH.F is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (2.4%).


Return on Equity

High ROE: PLNH.F has a negative Return on Equity (-17.86%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Planet 13 Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PLNH.F's short term assets ($28.9M) exceed its short term liabilities ($15.2M).

Long Term Liabilities: PLNH.F's short term assets ($28.9M) exceed its long term liabilities ($10.8M).


Debt to Equity History and Analysis

Debt Level: PLNH.F's debt to equity ratio (2.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PLNH.F's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: PLNH.F has a high level of physical assets or inventory.

Debt Coverage by Assets: PLNH.F's debt is covered by short term assets (assets are 33.2x debt).


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: PLNH.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PLNH.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -84.2% each year


Next Steps

Dividend

What is Planet 13 Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PLNH.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PLNH.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PLNH.F'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 PLNH.F'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?

1.7yrs

Average management tenure


CEO

Bob Groesbeck (58yo)

2.1yrs

Tenure

US$778,215

Compensation

Mr. Robert Allen Groesbeck, also known as Bob, serves as Co-Chief Executive Officer at Planet 13 Holdings Incorporation since 2018 and also serves as its Co-Chairman of the Board since June 2018. Mr. Groes ...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD778.22K) is below average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Groesbeck
Co-CEO & Co-Chairman2.1yrsUS$778.22k27.76% $67.1m
Larry Scheffler
Co-CEO & Co-Chairman0yrsUS$919.59k28.03% $67.7m
Christopher Wren
Founder & VP of Operations0yrsUS$491.58k3.37% $8.1m
Dennis Logan
Chief Financial Officer1.7yrsUS$285.42k0.29% $696.0k
William Vargas
Vice President of Finance1.7yrsUS$310.74k0.12% $289.2k
Leighton Koehler
General Counsel1.7yrsno data0.077% $186.5k
David Farris
Vice President of Sales & Marketing0yrsno data0.035% $84.4k

1.7yrs

Average Tenure

Experienced Management: PLNH.F's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.


Top Shareholders

Company Information

Planet 13 Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Planet 13 Holdings Inc.
  • Ticker: PLNH.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: CA$320.762m
  • Listing Market Cap: CA$241.667m
  • Shares outstanding: 138.86m
  • Website: https://www.planet13holdings.com

Location

  • Planet 13 Holdings Inc.
  • 2548 West Desert Inn Road
  • Las Vegas
  • Nevada
  • 89109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLTHCNSX (Canadian National Stock Exchange)YesCommon Voting SharesCACADJun 2018
PLNH.FOTCPK (Pink Sheets LLC)YesCommon Voting SharesUSUSDJun 2018

Biography

Planet 13 Holdings Inc., a cannabis company, cultivates, produces, and distributes medical and recreational cannabis in Nevada, the United States. It also operates dispensaries that provide recreational cannabis, cannabis extracts, and infused products. In addition, the company sells its products online. It operates under the Medizin, Planet 13, HaHa Gummies, Dreamland Chocolates, TRENDI, and Leaf & Vine names. The company is headquartered in Las Vegas, Nevada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:52
End of Day Share Price2020/02/24 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.