| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
GRWG Stock Overview
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States.
Rewards
Risk Analysis
GrowGeneration Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$3.79 |
| 52 Week High | US$52.80 |
| 52 Week Low | US$3.42 |
| Beta | 2.98 |
| 1 Month Change | -24.05% |
| 3 Month Change | -58.94% |
| 1 Year Change | -92.27% |
| 3 Year Change | 19.18% |
| 5 Year Change | 99.47% |
| Change since IPO | 64.78% |
Recent News & Updates
GrowGeneration: Gearing Up For A Strong 2023
GrowGeneration stock has lost 83% of its share value in the previous 12 months. The company is expecting headwinds to halt its rapid growth in 2022 but is expecting to perform strongly in 2023. With the cannabis market on a strong expected growth trajectory, the Hydroponics industry and GrowGen will both heavily benefit in the long run. The company's accretive earnings, strong fundamentals, and positive industry outlook make me bullish on the stock.
Shareholder Returns
| GRWG | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | -9.3% | -7.9% | -2.5% |
| 1Y | -92.3% | -32.6% | -21.2% |
Return vs Industry: GRWG underperformed the US Specialty Retail industry which returned -33.3% over the past year.
Return vs Market: GRWG underperformed the US Market which returned -21.7% over the past year.
Price Volatility
| GRWG volatility | |
|---|---|
| GRWG Average Weekly Movement | 14.6% |
| Specialty Retail Industry Average Movement | 8.9% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GRWG is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: GRWG's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 660 | Darren Lampert | https://www.growgeneration.com |
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines.
GrowGeneration Fundamentals Summary
| GRWG fundamental statistics | |
|---|---|
| Market Cap | US$230.22m |
| Earnings (TTM) | US$1.46m |
| Revenue (TTM) | US$414.23m |
157.5x
P/E Ratio0.6x
P/S RatioIs GRWG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GRWG income statement (TTM) | |
|---|---|
| Revenue | US$414.23m |
| Cost of Revenue | US$299.23m |
| Gross Profit | US$115.00m |
| Other Expenses | US$113.54m |
| Earnings | US$1.46m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.024 |
| Gross Margin | 27.76% |
| Net Profit Margin | 0.35% |
| Debt/Equity Ratio | 0.04% |
How did GRWG perform over the long term?
See historical performance and comparisonValuation
Is GRWG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GRWG?
Other financial metrics that can be useful for relative valuation.
| What is GRWG's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$230.22m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 13.4x |
| PEG Ratio | 1.6x |
Price to Sales Ratio vs Peers
How does GRWG's PS Ratio compare to its peers?
| GRWG PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.9x | ||
LL LL Flooring Holdings | 0.3x | 4.5% | US$290.3m |
TTSH Tile Shop Holdings | 0.4x | 4.1% | US$167.8m |
FND Floor & Decor Holdings | 1.9x | 16.1% | US$6.9b |
ELA Envela | 1.2x | 13.0% | US$189.8m |
GRWG GrowGeneration | 0.6x | 16.0% | US$230.2m |
Price-To-Sales vs Peers: GRWG is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.9x).
Price to Earnings Ratio vs Industry
How does GRWG's PE Ratio compare vs other companies in the US Specialty Retail Industry?
Price-To-Sales vs Industry: GRWG is expensive based on its Price-To-Sales Ratio (0.6x) compared to the US Specialty Retail industry average (0.4x)
Price to Sales Ratio vs Fair Ratio
What is GRWG'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.6x |
| Fair PS Ratio | 0.4x |
Price-To-Sales vs Fair Ratio: GRWG is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of GRWG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GRWG ($3.79) is trading below our estimate of fair value ($4.09)
Significantly Below Fair Value: GRWG is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: GRWG is poor value based on its PEG Ratio (1.6x)
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Future Growth
How is GrowGeneration forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
101.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRWG's forecast earnings growth (101.2% per year) is above the savings rate (1.9%).
Earnings vs Market: GRWG's earnings (101.2% per year) are forecast to grow faster than the US market (13.6% per year).
High Growth Earnings: GRWG's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GRWG's revenue (16% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: GRWG's revenue (16% 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 GRWG's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has GrowGeneration performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
68.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRWG has a large one-off loss of $700.0K impacting its March 31 2022 financial results.
Growing Profit Margin: GRWG's current net profit margins (0.4%) are lower than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: GRWG has become profitable over the past 5 years, growing earnings by 68.5% per year.
Accelerating Growth: GRWG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GRWG had negative earnings growth (-89.2%) over the past year, making it difficult to compare to the Specialty Retail industry average (40.3%).
Return on Equity
High ROE: GRWG's Return on Equity (0.4%) is considered low.
Discover strong past performing companies
Financial Health
How is GrowGeneration's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GRWG's short term assets ($194.5M) exceed its short term liabilities ($36.6M).
Long Term Liabilities: GRWG's short term assets ($194.5M) exceed its long term liabilities ($40.6M).
Debt to Equity History and Analysis
Debt Level: GRWG has more cash than its total debt.
Reducing Debt: GRWG's debt to equity ratio has reduced from 3.5% to 0.04% over the past 5 years.
Debt Coverage: GRWG's debt is well covered by operating cash flow (1625.9%).
Interest Coverage: GRWG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Dividend
What is GrowGeneration current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GRWG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GRWG'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 GRWG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GRWG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GRWG has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Darren Lampert (61 yo)
8.25yrs
Tenure
US$2,040,132
Compensation
Mr. Darren Lampert co-founded GrowGeneration Pueblo, Corp., (a/k/a, EasyLife, Corp., GrowGeneration Corp.) in March 6, 2014 and has been its Chief Executive Officer since March 6, 2014. Mr. Lampert began h...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD2.04M) is about average for companies of similar size in the US market ($USD1.79M).
Compensation vs Earnings: Darren's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: GRWG's management team is seasoned and experienced (5.6 years average tenure).
Board Members
Experienced Board: GRWG's board of directors are considered experienced (6.3 years average tenure).
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 3.3%.
Top Shareholders
Company Information
GrowGeneration Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: GrowGeneration Corp.
- Ticker: GRWG
- Exchange: NasdaqCM
- Founded: 2008
- Industry: Home Improvement Retail
- Sector: Retail
- Implied Market Cap: US$230.220m
- Shares outstanding: 60.74m
- Website: https://www.growgeneration.com
Number of Employees
Location
- GrowGeneration Corp.
- 5619 DTC Parkway
- Suite 900
- Greenwood Village
- Colorado
- 80111
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.