NasdaqCM:GRWG

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Executive Summary

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States.


Snowflake Analysis

High growth potential with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.0%

GRWG

4.0%

US Specialty Retail

1.9%

US Market


1 Year Return

77.1%

GRWG

14.2%

US Specialty Retail

16.4%

US Market

Return vs Industry: GRWG exceeded the US Specialty Retail industry which returned 13.4% over the past year.

Return vs Market: GRWG exceeded the US Market which returned 16.3% over the past year.


Shareholder returns

GRWGIndustryMarket
7 Day7.0%4.0%1.9%
30 Day36.4%12.8%4.5%
90 Day79.9%25.4%17.6%
1 Year77.1%77.1%15.4%14.2%18.9%16.4%
3 Year375.3%375.3%63.6%56.5%44.1%34.8%
5 Yearn/a32.1%22.0%75.3%56.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GRWG ($9.03) is trading above our estimate of fair value ($0.06)

Significantly Below Fair Value: GRWG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GRWG is unprofitable, so we can't compare its PE Ratio to the US Specialty Retail industry average.

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


Price to Book Ratio

PB vs Industry: GRWG is overvalued based on its PB Ratio (6x) compared to the US Specialty Retail industry average (1.4x).


Next Steps

Future Growth

How is GrowGeneration forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

62.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRWG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: GRWG's revenue (33.3% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: GRWG's revenue (33.3% 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 GRWG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has GrowGeneration performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRWG is currently unprofitable.

Growing Profit Margin: GRWG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GRWG is unprofitable, and losses have increased over the past 5 years at a rate of 12.2% per year.

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

Earnings vs Industry: GRWG is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (-23.3%).


Return on Equity

High ROE: GRWG has a negative Return on Equity (-0.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is GrowGeneration's financial position?


Financial Position Analysis

Short Term Liabilities: GRWG's short term assets ($48.9M) exceed its short term liabilities ($17.3M).

Long Term Liabilities: GRWG's short term assets ($48.9M) exceed its long term liabilities ($5.7M).


Debt to Equity History and Analysis

Debt Level: GRWG's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: GRWG's debt to equity ratio has reduced from 2.7% to 0.5% over the past 5 years.


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: GRWG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GRWG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is GrowGeneration current dividend yield, its reliability and sustainability?


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.


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 GRWG'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?

2.2yrs

Average management tenure


CEO

Darren Lampert (59 yo)

6.42yrs

Tenure

US$2,942,215

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 ($USD2.94M) is above average for companies of similar size in the US market ($USD2.03M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Darren Lampert
Co-Founder6.42yrsUS$2.94m2.87%
$ 12.0m
Michael Salaman
Co-Founder6.42yrsUS$2.94m2.98%
$ 12.5m
Monty Lamirato
CFO & Secretary3.25yrsUS$968.35k0.22%
$ 939.0k
Tony Sullivan
Executive VP & COO0.75yrUS$1.51m0.086%
$ 361.2k
Joe Prinzivalli
Chief Technology Officer0.75yrUS$150.97kno data
Robert Nardelli
Senior Strategic Advisor to CEO & Board of Directors1.08yrsno datano data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: GRWG's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Darren Lampert
Co-Founder6.42yrsUS$2.94m2.87%
$ 12.0m
Michael Salaman
Co-Founder6.42yrsUS$2.94m2.98%
$ 12.5m
Paul Ciasullo
Independent Director0.25yrno data0.86%
$ 3.6m
Stephen Aiello
Independent Director6.25yrsUS$97.00k0.90%
$ 3.8m
Sean Stiefel
Independent Director2.58yrsUS$97.00kno data

6.3yrs

Average Tenure

59yo

Average Age

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.1%.


Top Shareholders

Company Information

GrowGeneration Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GrowGeneration Corp.
  • Ticker: GRWG
  • Exchange: NasdaqCM
  • Founded: 2008
  • Industry: Home Improvement Retail
  • Sector: Retail
  • Market Cap: US$418.539m
  • Shares outstanding: 46.35m
  • Website: https://www.growgeneration.com

Number of Employees


Location

  • GrowGeneration Corp.
  • 1000 West Mississippi Avenue
  • Denver
  • Colorado
  • 80223
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRWGNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 2016

Biography

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 horticultural, organic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:31
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.