Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
SNDL.CN
STRONG SELLREMOVESNDL Inc. · Consumer Defensive · Canada · $373M · Avg Vol: $21K/d
SNDL is a Canadian cannabis and liquor retailer. The Canadian cannabis market remains structurally broken with oversupply, high taxation, and lack of profitability, while the retail business lacks a durable moat.
COMPANY DESCRIPTION
SNDL Inc. is a diversified Canadian company operating a multi-segment business across cannabis retail, cannabis cultivation, and liquor retail. The company's competitive moat is its massive, debt-free balance sheet and its position as the largest private-sector liquor and cannabis retailer in Canada. SNDL operates as a vertically integrated consolidator, leveraging its strong capital position to acquire distressed assets and drive operational efficiencies.
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.CN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| SNDL.CN | SNDL Inc.(you) | $373M | 17 | 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%