Analyzing Canopy Growth (CGC) and Its Rivals

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Canopy Growth (NYSE: CGC) is one of 33 public companies in the “Medicinals & botanicals” industry, but how does it compare to its competitors? We will compare Canopy Growth to similar businesses based on the strength of its dividends, earnings, institutional ownership, analyst recommendations, risk, profitability and valuation.

Volatility & Risk

Canopy Growth has a beta of 2.36, indicating that its stock price is 136% more volatile than the S&P 500. Comparatively, Canopy Growth’s competitors have a beta of 2.57, indicating that their average stock price is 157% more volatile than the S&P 500.

Insider & Institutional Ownership

9.2% of Canopy Growth shares are held by institutional investors. Comparatively, 21.6% of shares of all “Medicinals & botanicals” companies are held by institutional investors. 0.3% of Canopy Growth shares are held by company insiders. Comparatively, 25.8% of shares of all “Medicinals & botanicals” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Canopy Growth and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canopy Growth 3 13 4 1 2.14
Canopy Growth Competitors 135 357 403 14 2.33

Canopy Growth presently has a consensus target price of $28.69, suggesting a potential upside of 100.32%. As a group, “Medicinals & botanicals” companies have a potential upside of 123.04%. Given Canopy Growth’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Canopy Growth has less favorable growth aspects than its competitors.

Valuation and Earnings

This table compares Canopy Growth and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Canopy Growth $297.34 million -$993.37 million 10.85
Canopy Growth Competitors $219.25 million -$99.48 million 2.15

Canopy Growth has higher revenue, but lower earnings than its competitors. Canopy Growth is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Canopy Growth and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Canopy Growth -439.18% -21.30% -15.22%
Canopy Growth Competitors -1,150.45% -258.05% -48.97%

Summary

Canopy Growth competitors beat Canopy Growth on 8 of the 13 factors compared.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; and partnership with Parent Action on Drugs. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

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