SNDL Inc.
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
▼ -78.5% over 5Y.
today you would have $206.49▼ -79.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $1.66 | $1.79 | $1.64 | $2.09 | |
| P/S | 0.5x | 0.5x | 0.5x | 0.5x | 0.7x |
| P/B | 0.4x | 0.4x | 0.4x | 0.4x | 0.4x |
| EPS | -$0.06 | -$0.36 | -$0.67 | -$1.46 | |
| Profit margin | -14.65% | -1.67% |
Seven formulas applied to what the company reported. None of them predicts a price — each answers what the stock would be worth if its assumption held. The assumption is printed next to every number, because it is the assumption that produces the result.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 10.4x operating profit, less net debt. Sees the business before its financing, so debt does not distort the comparison. Banks have no EBITDA — interest is their revenue, not a cost.
Companies of similar size in Consumer Defensive, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AGCCAgencia Comercial Spirits Ltd. | $14.85 | 371.3x | 29.9x | — | 10.36% | $338.38M |
| LWAYLifeway Foods, Inc. | $23.52 | 34.1x | 4.2x | — | 13.32% | $355.31M |
| SUJASUJA Life Inc | $9.37 | — | 1.9x | — | — | $361.92M |
| VFFVillage Farms International, Inc. | $2.98 |
SNDL Inc. engages in the production, distribution, and sale of cannabis products for the adult-use market in Canada and internationally. It operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. The company engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sale of wines, beers, and spirits through liquor stores under the Wine and Beyond, Ace Liquor, and Liquor Depot retail banners; and private sale of adult-use cannabis products and accessories through its corporate-owned, controlled, and franchised retail cannabis stores. It also produces and distributes flower, pre-rolls, and vapes, as well as offers financial services; and provision of proprietary cannabis processing services. It offers its products under the Top Leaf, Contraband, Palmetto, Bon Jak, La Logue, Versus, Grasslands, Pearls by Grön, No Future, and Bhang Chocolate brands. The company was formerly known as Sundial Growers Inc. and changed its name to SNDL Inc. in July 2022. SNDL Inc. was incorporated in 2006 and is headquartered in Edmonton, Canada.
Company description provided by Yahoo Finance.
| -10.30% |
| -18.99% |
| -47.05% |
| ROE | -11.30% | -1.43% | -8.36% | -14.25% | -25.65% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Not the average of the seven numbers above. Four of the seven start from the same earnings per share — Graham, Lynch, sector multiples and its own history — so averaging all seven would let one input count four times and drown out the others. Instead each family produces one number, and the fair price is the average of the families that answered. A family with two working formulas contributes their average, not two votes.
2 methods answered, across 2 families.
Every formula reads the same reported statements and they can be wrong together. The margin is room for that.
+126.7% from the average.
These are models, not forecasts, and not investment advice. Change one assumption and the number changes with it — that is a property of valuation, not a defect of this page.
| 16.6x |
| 1.2x |
| — |
| 7.53% |
| $364.41M |
| ALCOAlico Inc | $40.42 | 192.5x | 2.9x | 0.49% | 0.68% | $299.86M |
| AFRIForafric Global PLC | $10.77 | — | — | — | -202.21% | $290.4M |