(SNDL) SNDL - Overview

Sector: Consumer Defensive | Industry: Beverages - Wineries & Distilleries | Exchange: NASDAQ (USA) | Market Cap: 385m USD | Total Return: 10.1% in 12m

Cannabis, Wine, Beer, Spirits, Financial Services
Total Rating 33
Safety 85
Buy Signal -0.40
Beverages - Wineries & Distilleries
Industry Rotation: +8.7
Market Cap: 385M
Avg Turnover: 2.77M
Risk 3d forecast
Volatility52.5%
VaR 5th Pctl7.83%
VaR vs Median-9.86%
Reward TTM
Sharpe Ratio0.41
Rel. Str. IBD13.8
Rel. Str. Peer Group19.9
Character TTM
Beta0.940
Beta Downside1.100
Hurst Exponent0.478
Drawdowns 3y
Max DD54.34%
CAGR/Max DD0.00
CAGR/Mean DD0.01
EPS (Earnings per Share) EPS (Earnings per Share) of SNDL over the last years for every Quarter: "2021-06": -0.3, "2021-09": 0.05, "2021-12": -0.15, "2022-03": -0.2, "2022-06": -0.31, "2022-09": -0.41, "2022-12": null, "2023-03": -0.394, "2023-06": -0.093, "2023-09": -0.0624, "2023-12": -0.2313, "2024-03": -0.31, "2024-06": -0.016, "2024-09": -0.0534, "2024-12": -0.25, "2025-03": -0.06, "2025-06": 0.01, "2025-09": -0.05, "2025-12": 0.04, "2026-03": -0.04,
Last SUE: -0.11
Qual. Beats: 0
Revenue Revenue of SNDL over the last years for every Quarter: 2021-06: 9.151, 2021-09: 14.367, 2021-12: 22.719, 2022-03: 17.597, 2022-06: 223.695, 2022-09: 230.5, 2022-12: 240.405, 2023-03: 191.045, 2023-06: 231.916, 2023-09: 237.595, 2023-12: 248.45, 2024-03: 197.75, 2024-06: 228.127, 2024-09: 236.892, 2024-12: 257.679, 2025-03: 204.914, 2025-06: 244.769, 2025-09: 244.219, 2025-12: 252.499, 2026-03: 195.906,
Rev. CAGR: 2.12%
Rev. Trend: 92.9%
Last SUE: -0.46
Qual. Beats: 0

Warnings

Interest Coverage Ratio -0.9 is critical

Below Avwap Earnings

Tailwinds

Confidence

Description: SNDL SNDL

SNDL Inc. is a vertically integrated Canadian operator specializing in the production and distribution of cannabis and liquor. The company manages a multi-segment business model that includes liquor retail under banners such as Wine and Beyond, cannabis cultivation and processing, and a network of corporate and franchised cannabis retail stores. Its product portfolio spans multiple consumer brands, including Top Leaf, Palmetto, and Versus.

The company operates within a highly regulated Canadian framework where federal legalization has led to significant market fragmentation and price compression across the flower and derivative categories. To diversify revenue, SNDL utilizes an investment segment to provide financial services and capital to other industry participants. For a more granular look at these financial segments and historical performance, ValueRay offers additional data points.

Formerly known as Sundial Growers Inc., the firm rebranded in 2022 to reflect its expanded scope beyond cultivation. Headquartered in Edmonton, SNDL maintains an international presence while focusing on the adult-use and medical markets through proprietary processing and a diverse retail footprint.

Headlines to Watch Out For
  • Liquor retail revenue provides stable cash flow to offset volatile cannabis market cycles
  • Strategic investments in US cannabis operators depend on federal rescheduling and legalization
  • Retail store expansion and proprietary brand growth drive market share in Canada
  • Vertical integration across production and retail improves consolidated gross margins and efficiency
  • Cost reduction initiatives and facility closures aim to achieve sustained positive net income
Piotroski VR-10 (Strict) 4.0
Net Income: -11.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.27 > 1.0
NWC/Revenue: 35.50% < 20% (prev 35.53%; Δ -0.03% < -1%)
CFO/TA 0.05 > 3% & CFO 66.6m > Net Income -11.0m
Net Debt (-65.6m) to EBITDA (49.6m): -1.32 < 3
Current Ratio: 4.84 > 1.5 & < 3
Outstanding Shares: last quarter (260.2m) vs 12m ago 0.40% < -2%
Gross Margin: 27.18% > 18% (prev 26.58%; Δ 0.60% > 0.5%)
Asset Turnover: 71.39% > 50% (prev 70.69%; Δ 0.71% > 0%)
Interest Coverage Ratio: -0.87 > 6 (EBIT TTM -6.58m / Interest Expense TTM 7.52m)
Altman Z'' 3.48
A: 0.25 (Total Current Assets 419.5m - Total Current Liabilities 86.7m) / Total Assets 1.31b
B: -0.98 (Retained Earnings -1.28b / Total Assets 1.31b)
C: -0.01 (EBIT TTM -6.58m / Avg Total Assets 1.31b)
D: 4.79 (Book Value of Equity 1.09b / Total Liabilities 226.9m)
Altman-Z'' = 3.48 = A
Beneish M -3.01
DSRI: 1.06 (Receivables 31.9m/29.8m, Revenue 937.4m/927.6m)
GMI: 0.98 (GM 26.58% / 27.18%)
AQI: 0.98 (AQ_t 0.46 / AQ_t-1 0.47)
SGI: 1.01 (Revenue 937.4m / 927.6m)
TATA: -0.06 (NI -11.0m - CFO 66.6m) / TA 1.31b)
Beneish M = -3.01 (Cap -4..+1) = AA
What is the price of SNDL shares?

As of June 06, 2026, the stock is trading at USD 1.42 with a total of 2,254,584 shares traded.
Over the past week, the price has changed by -4.05%, over one month by -0.70%, over three months by -7.19% and over the past year by +10.08%.

Is SNDL a buy, sell or hold?

SNDL has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy SNDL.

  • StrongBuy: 2
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SNDL price?
Analysts Target Price 4.2 195.8%
SNDL (SNDL) - Fundamental Data Overview as of 01 June 2026
Market Cap USD = 385.2m (385.2m USD * 1.0 USD.USD)
Market Cap CAD = 535.7m (385.2m USD * 1.3906 USD.CAD)
P/E Forward = 212.766
P/S = 0.411
P/B = 0.4905
Revenue TTM = 937.4m CAD
EBIT TTM = -6.58m CAD
EBITDA TTM = 49.6m CAD
Long Term Debt = 133.3m CAD (estimated: total debt 168.3m - short term 35.0m)
Short Term Debt = 35.0m CAD (from shortTermDebt, last quarter)
Debt = 168.3m CAD (from shortLongTermDebtTotal, last quarter) (leases 168.4m already included)
Net Debt = -65.6m CAD (calculated: Debt 168.3m - CCE 233.9m)
Enterprise Value = 470.1m CAD (535.7m + Debt 168.3m - CCE 233.9m)
Interest Coverage Ratio = -0.87 (Ebit TTM -6.58m / Interest Expense TTM 7.52m)
EV/FCF = 8.91x (Enterprise Value 470.1m / FCF TTM 52.7m)
FCF Yield = 11.22% (FCF TTM 52.7m / Enterprise Value 470.1m)
FCF Margin = 5.63% (FCF TTM 52.7m / Revenue TTM 937.4m)
Net Margin = -1.17% (Net Income TTM -11.0m / Revenue TTM 937.4m)
Gross Margin = 27.18% ((Revenue TTM 937.4m - Cost of Revenue TTM 682.6m) / Revenue TTM)
Gross Margin QoQ = 26.96% (prev 27.81%)
Tobins Q-Ratio = 0.36 (Enterprise Value 470.1m / Total Assets 1.31b)
Interest Expense / Debt = 4.47% (Interest Expense 7.52m / Debt 168.3m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -5.19m (EBIT -6.58m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.84 (Total Current Assets 419.5m / Total Current Liabilities 86.7m)
Debt / Equity = 0.15 (Debt 168.3m / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = -1.32 (Net Debt -65.6m / EBITDA 49.6m)
Debt / FCF = -1.24 (Net Debt -65.6m / FCF TTM 52.7m)
Total Stockholder Equity = 1.09b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.84% (Net Income -11.0m / Total Assets 1.31b)
RoE = -1.00% (Net Income TTM -11.0m / Total Stockholder Equity 1.09b)
RoCE = -0.54% (EBIT -6.58m / Capital Employed (Equity 1.09b + L.T.Debt 133.3m))
 RoIC = -0.43% (negative operating profit) (NOPAT -5.19m / Invested Capital 1.22b)
 WACC = 7.91% (E(535.7m)/V(704.0m) * Re(9.29%) + D(168.3m)/V(704.0m) * Rd(4.47%) * (1-Tc(0.21)))
Discount Rate = 9.29% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.11 | Cagr: -0.44%
[DCF] Terminal Value 76.34% ; FCFF base≈51.3m ; Y1≈54.6m ; Y5≈65.0m
[DCF] Fair Price = 4.09 (EV 998.6m - Net Debt -65.6m = Equity 1.06b / Shares 260.3m; r=8.35% [WACC [floored]]; 5y FCF grow 7.20% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.11 | # QB: 0
Revenue Correlation: 92.93 | Revenue CAGR: 2.12% | SUE: -0.46 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.01 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=-0.02 | Chg30d=+66.67% | Revisions=N/A | GrowthEPS=+66.7% | GrowthRev=-2.6%
EPS next Year (2027-12-31): EPS=0.04 | Chg30d=N/A | Revisions=-20% | GrowthEPS=+325.0% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: -20%