SNDL INC. Net Assets
SNDL INC. net assets. Based on the latest financial reports, SNDL INC. (VY4) has net assets worth €1.09 Billion EUR (≈ $1.27 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.31 Billion ≈ $1.54 Billion USD) and total liabilities (€227.09 Million ≈ $265.50 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore VY4 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.09 Billion |
| % of Total Assets | 82.73% |
| Annual Growth Rate | 30.66% |
| 5-Year Change | -16.96% |
| 10-Year Change | N/A |
| Growth Volatility | 146.03 |
Net Assets of SNDL INC. (2019–2025)
Net assets of SNDL INC. from 2019 to 2025. This chart illustrates how SNDL INC.'s net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of SNDL INC. to measure how much of total assets are equity-financed.
Annual Net Assets for SNDL INC. (2019–2025)
The table below shows the annual net assets of SNDL INC. from 2019 to 2025. For live market cap and overall valuation, see SNDL INC. (VY4) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.10 Billion ≈ $1.29 Billion |
-2.84% |
| 2024-12-31 | €1.13 Billion ≈ $1.33 Billion |
-7.81% |
| 2023-12-31 | €1.23 Billion ≈ $1.44 Billion |
-7.41% |
| 2022-12-31 | €1.33 Billion ≈ $1.55 Billion |
+0.11% |
| 2021-12-31 | €1.33 Billion ≈ $1.55 Billion |
+391.72% |
| 2020-12-31 | €269.69 Million ≈ $315.30 Million |
+21.92% |
| 2019-12-31 | €221.20 Million ≈ $258.60 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SNDL INC.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 94210300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
SNDL INC. Net Assets Breakdown (December 2025)
SNDL INC. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €2.40 Billion | 218.28% |
| Total Equity | €1.10 Billion | 100.00% |
SNDL INC. Competitors by Market Cap
The table below lists competitors of SNDL INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inmobiliaria del Sur SA
MC:ISUR
|
$308.29 Million |
|
Molinos Rio de la Plata SA
BA:MOLI
|
$308.42 Million |
|
Orion Engineered Carbons SA
F:0OE
|
$308.53 Million |
|
Shenzhen Liantronics
SHE:300269
|
$308.55 Million |
|
Jiangsu Jingxue Insulation
SHE:301010
|
$308.17 Million |
|
Sunny Friend Environmental Technology Co Ltd
TW:8341
|
$308.00 Million |
|
Shaanxi Broadcast & TV Network Intermediary Group Co Ltd
SHG:600831
|
$307.94 Million |
|
Agenus Inc
NASDAQ:AGEN
|
$307.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SNDL INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,133,356,000 to 1,101,196,000, a change of -32,160,000 (-2.8%).
- Net loss of 15,774,000 reduced equity.
- Share repurchases of 15,348,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-15.77 Million | -1.43% |
| Share Repurchases | €15.35 Million | -1.39% |
| Other Changes | €-1.04 Million | -0.09% |
| Total Change | €- | -2.84% |
Book Value vs Market Value Analysis
This analysis compares SNDL INC.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.27x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.06x to 0.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | €20.20 | €1.14 | x |
| 2020-12-31 | €2.89 | €1.14 | x |
| 2021-12-31 | €6.44 | €1.14 | x |
| 2022-12-31 | €5.55 | €1.14 | x |
| 2023-12-31 | €4.61 | €1.14 | x |
| 2024-12-31 | €4.31 | €1.14 | x |
| 2025-12-31 | €4.18 | €1.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SNDL INC. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.67%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.21x
- Recent ROE (-1.43%) is above the historical average (-40.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -125.40% | -357.85% | 0.15x | 2.36x | €-293.11 Million |
| 2020 | -90.36% | -393.45% | 0.21x | 1.11x | €-266.21 Million |
| 2021 | -17.38% | -410.46% | 0.04x | 1.07x | €-362.97 Million |
| 2022 | -25.65% | -47.05% | 0.46x | 1.19x | €-465.76 Million |
| 2023 | -14.25% | -18.99% | 0.62x | 1.22x | €-293.87 Million |
| 2024 | -8.36% | -10.30% | 0.68x | 1.19x | €-208.13 Million |
| 2025 | -1.43% | -1.67% | 0.71x | 1.21x | €-125.89 Million |
Industry Comparison
This section compares SNDL INC.'s net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.
Industry Context
- Industry: Beverages - Wineries & Distilleries
- Average net assets among peers: $26,454,351,392
- Average return on equity (ROE) among peers: -74.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SNDL INC. (VY4) | €1.09 Billion | -125.40% | 0.21x | $308.20 Million |
| CHAPEL DOWN GRP PLC LS-05 (1U6) | $32.25 Million | 2.43% | 0.44x | $83.02 Million |
| ANDREW PELLER LTD A (ANJ) | $243.78 Million | 4.56% | 1.23x | $139.73 Million |
| Berentzen Gruppe AG (BEZ) | $165.60 Million | 0.00% | 1.97x | $34.19 Million |
| Hawesko Holding AG (HAW) | $65.57 Million | 7.73% | 1.58x | $134.30 Million |
| PERNOD RIC. SA SP.ADR 1/5 (PER0) | $16.71 Billion | 13.53% | 1.25x | $18.69 Billion |
| REMY UNSP.ADR 1/10/EO 16 (RMC0) | $1.76 Billion | 16.74% | 0.82x | $2.07 Billion |
| Schloss Wachenheim AG (SWA) | $252.72 Million | 3.75% | 0.86x | $108.11 Million |
| Thai Beverage Public Company Limited (T6W) | $241.52 Billion | 11.36% | 1.05x | $7.05 Billion |
| Treasury Wine Estates Limited (T7W) | $3.79 Billion | 6.95% | 0.76x | $2.18 Billion |
| ARCTIC BLUE BEVERAGES AB (U5L) | $2.27 Million | -807.43% | 4.66x | $723.07K |
About SNDL INC.
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 l… Read more