NasdaqGM:GNLN

Stock Analysis Report

Executive Summary

Greenlane Holdings, Inc. distribute consumption accessories and vaporization products to wholesale and retail customers in the United States and Canada.


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

-17.2%

GNLN

-6.1%

US Retail Distributors

-7.4%

US Market


1 Year Return

n/a

GNLN

0.4%

US Retail Distributors

10.5%

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

GNLNIndustryMarket
7 Day-17.2%-6.1%-7.4%
30 Day-20.9%-7.3%-3.6%
90 Day-32.7%-9.4%-0.6%
1 Yearn/a2.1%0.4%12.8%10.5%
3 Yearn/a12.7%7.4%37.4%28.6%
5 Yearn/a37.6%26.3%61.3%43.6%

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

Valuation

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

36.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GNLN ($2.34) 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 (2.9x).


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.


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

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 ($USD365.28K) is below average for companies of similar size in the US market ($USD522.62K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Aaron LoCascio
Chairman of the Board & CEO1.8yrsUS$365.28k0.14% $137.6k
Adam Schoenfeld
President1.8yrsUS$367.22kno data
Jay Scheiner
Chief Operating Officer1.1yrsUS$1.51mno data
Sasha Kadey
Chief Marketing Officer1.1yrsUS$1.92mno data
Ethan Rudin
Chief Financial Officer1yrsno datano data
Douglas Fischer
General Counsel1.3yrsno datano 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

NamePositionTenureCompensationOwnership
Aaron LoCascio
Chairman of the Board & CEO1.8yrsUS$365.28k0.14% $137.6k
Adam Schoenfeld
President1.8yrsUS$367.22kno data
Jeff Uttz
Independent Director0.8yrsno datano data
Neil Closner
Independent Director0.8yrsno datano data
Richard Taney
Independent Director0.8yrsno data0.35% $347.1k

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$99.138m
  • Market Cap: US$21.595m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNLNNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDApr 2019
G67BST (Boerse-Stuttgart)YesClass A Common StockDEEURApr 2019
G67DB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 02:10
End of Day Share Price2020/02/25 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.