Greenlane Holdings
Market Cap
US$91.5m
Last Updated
2020/02/27 03:10 UTC
Data Sources
Company Financials +
Executive Summary
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Greenlane Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GNLN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-12.9%
GNLN
-8.0%
US Retail Distributors
-7.6%
US Market
1 Year Return
n/a
GNLN
-0.7%
US Retail Distributors
10.2%
US Market
Return vs Industry: Insufficient data to determine how GNLN performed against the US Retail Distributors industry.
Return vs Market: Insufficient data to determine how GNLN performed against the US Market.
Shareholder returns
| GNLN | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.9% | -8.0% | -7.6% |
| 30 Day | -20.2% | -7.0% | -4.5% |
| 90 Day | -36.0% | -9.7% | -0.6% |
| 1 Year | n/a | 1.0%-0.7% | 12.5%10.2% |
| 3 Year | n/a | 12.3%7.0% | 37.1%28.3% |
| 5 Year | n/a | 36.5%25.8% | 60.8%43.2% |
Price Volatility Vs. Market
How volatile is Greenlane Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
What Kind Of Shareholders Own Greenlane Holdings, Inc. (NASDAQ:GNLN)?1 month ago | Simply Wall St
Calculating The Fair Value Of Greenlane Holdings, Inc. (NASDAQ:GNLN)3 months ago | Simply Wall St
Is Greenlane Holdings (NASDAQ:GNLN) Using Debt In A Risky Way?Valuation
Is Greenlane Holdings undervalued compared to its fair value and its price relative to the market?
35.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNLN ($2.16) is trading below our estimate of fair value ($3.4)
Significantly Below Fair Value: GNLN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GNLN is unprofitable, so we can't compare its PE Ratio to the Retail Distributors industry average.
PE vs Market: GNLN 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 GNLN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GNLN is good value based on its PB Ratio (0.9x) compared to the US Retail Distributors industry average (2.8x).
Next Steps
Future Growth
How is Greenlane Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
89.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNLN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: GNLN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: GNLN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: GNLN's revenue (8.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: GNLN's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GNLN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Greenlane Holdings performed over the past 5 years?
-487.9%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: GNLN is currently unprofitable.
Growing Profit Margin: GNLN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if GNLN's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare GNLN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GNLN is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (-18.5%).
Return on Equity
High ROE: GNLN has a negative Return on Equity (-31.11%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Greenlane Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: GNLN's short term assets ($122.2M) exceed its short term liabilities ($22.2M).
Long Term Liabilities: GNLN's short term assets ($122.2M) exceed its long term liabilities ($12.4M).
Debt to Equity History and Analysis
Debt Level: GNLN's debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GNLN's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: GNLN has a high level of physical assets or inventory.
Debt Coverage by Assets: GNLN's debt is covered by short term assets (assets are 14.8x 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: GNLN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GNLN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Greenlane Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate GNLN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GNLN'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 GNLN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GNLN'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 GNLN'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?
1.2yrs
Average management tenure
CEO
Aaron LoCascio (33yo)
1.8yrs
Tenure
US$365,277
Compensation
Mr. Aaron LoCascio is Co-Founder of Greenlane Holdings, Inc. and has served as its Chief Executive Officer and Chairman of the Board of Directors since May 2018. He has served as the Chief Executive Office ...
CEO Compensation Analysis
Compensation vs Market: Aaron's total compensation ($USD365.28K) is below average for companies of similar size in the US market ($USD524.26K).
Compensation vs Earnings: Aaron's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 1.8yrs | US$365.28k | 0.14% $127.0k | |
| President | 1.8yrs | US$367.22k | no data | |
| Chief Operating Officer | 1.1yrs | US$1.51m | no data | |
| Chief Marketing Officer | 1.1yrs | US$1.92m | no data | |
| Chief Financial Officer | 1yrs | no data | no data | |
| General Counsel | 1.3yrs | no data | no data |
1.2yrs
Average Tenure
35yo
Average Age
Experienced Management: GNLN's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 1.8yrs | US$365.28k | 0.14% $127.0k | |
| President | 1.8yrs | US$367.22k | no data | |
| Independent Director | 0.8yrs | no data | no data | |
| Independent Director | 0.8yrs | no data | no data | |
| Independent Director | 0.8yrs | no data | 0.35% $320.4k |
0.8yrs
Average Tenure
44yo
Average Age
Experienced Board: GNLN's board of directors are not considered experienced ( 0.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: GNLN only recently listed within the past 12 months.
Top Shareholders
Company Information
Greenlane Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Greenlane Holdings, Inc.
- Ticker: GNLN
- Exchange: NasdaqGM
- Founded: 2005
- Industry: Distributors
- Sector: Retail
- Implied Market Cap: US$91.512m
- Market Cap: US$21.695m
- Shares outstanding: 42.37m
- Website: https://www.gnln.com
Number of Employees
Location
- Greenlane Holdings, Inc.
- 1095 Broken Sound Parkway
- Suite 300
- Boca Raton
- Florida
- 33487
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GNLN | NasdaqGM (Nasdaq Global Market) | Yes | Class A Common Stock | US | USD | Apr 2019 |
| G67 | BST (Boerse-Stuttgart) | Yes | Class A Common Stock | DE | EUR | Apr 2019 |
| G67 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Apr 2019 |
Biography
Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada. The company offers vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers, and customized lines of specialty packaging. It also operates e-commerce Websites, such as VaporNation.com and VapeWorld.com. The company was founded in 2005 and is headquartered in Boca Raton, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 03:10 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.