Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SNDL
STRONG SELLREMOVESNDL Inc. · Consumer Defensive · Canada · $374M · Avg Vol: $3M/d
SNDL operates in highly fragmented, structurally unprofitable cannabis and retail liquor markets, lacking the pricing power, high ROIC, and clear reinvestment runway required for our portfolio.
COMPANY DESCRIPTION
SNDL Inc. is a diversified Canadian company with operations spanning cannabis cultivation, production, and retail, alongside a significant liquor retail presence. The company also holds a substantial portfolio of cannabis investments through its SunStream Bancorp joint venture. SNDL distinguishes itself through its multi-pronged approach, integrating cannabis and traditional beverage alcohol assets to capture various consumer markets and investment opportunities.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 502.6M | 641.5M | 649.6M | 667.9M | 9.9% |
| EPS | -1.03 | -0.47 | -0.25 | -0.04 | — |
| Shares | 235.2M | 262.8M | 263.0M | 263.4M | +12.0% |
| Debt | 119.9M | 117.9M | 107.5M | 119.9M | 0.0% |
| Equity | 922.1M | 855.4M | 799.9M | 777.2M | -5.5% |
| Op CF | -4.7M | -11.7M | 38.8M | 50.0M | 29.1% |
| Inv CF | -162.4M | -17.5M | 12.5M | 12.3M | — |
| Fin CF | -29.5M | -30.4M | -34.8M | -38.5M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of SNDL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SNDL | SNDL Inc.(you) | $374M | 19 | STRONG SELL |
| CSW-A.TO | Corby Spirit and Wine Limited | $312M | 98 | STRONG BUY |
| ADW-A.TO | Andrew Peller Limited | $246M | 97 | STRONG BUY |
| HBFG.CN | Happy Belly Food Group Inc. | $177M | 12 | STRONG SELL |
| OGO.V | Organto Foods Inc. | $107M | 19 | STRONG SELL |
| PESO.V | PesoRama Inc. | $85M | 16 | STRONG SELL |
| BHST | BioHarvest Sciences Inc. Common Stock | $75M | 4 | STRONG SELL |
| KPT.TO | KP Tissue Inc. | $92M | 41 | HOLD |
| JWEL.TO | Jamieson Wellness Inc. | $1.1B | 49 | HOLD |
| PBH.TO | Premium Brands Holdings Corporation | $3.1B | 29 | SELL |
Peer medians: ROE 12.8% · P/E 18.3x · Gross margin 31.3%