SNDL Inc. (SNDL) - Net Assets
Based on the latest financial reports, SNDL Inc. (SNDL) has net assets worth $1.10 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.32 Billion) and total liabilities ($218.77 Million). 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 SNDL Inc. asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.10 Billion |
| % of Total Assets | 83.4% |
| Annual Growth Rate | 77.46% |
| 5-Year Change | 320.24% |
| 10-Year Change | N/A |
| Growth Volatility | 156.08 |
SNDL Inc. - Net Assets Trend (2016–2024)
This chart illustrates how SNDL Inc.'s net assets have evolved over time, based on quarterly financial data. Check how tangible is SNDL Inc.'s equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for SNDL Inc. (2016–2024)
The table below shows the annual net assets of SNDL Inc. from 2016 to 2024. For live valuation and market cap data, see market cap of SNDL Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.13 Billion | -7.81% |
| 2023-12-31 | $1.23 Billion | -7.41% |
| 2022-12-31 | $1.33 Billion | -0.14% |
| 2021-12-31 | $1.33 Billion | +392.98% |
| 2020-12-31 | $269.69 Million | +21.92% |
| 2019-12-31 | $221.20 Million | +2896.89% |
| 2018-12-31 | $-7.91 Million | -157.69% |
| 2017-12-31 | $13.71 Million | +19.00% |
| 2016-12-31 | $11.52 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 132035002300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.35 Billion | 207.06% |
| Other Comprehensive Income | $52.77 Million | 4.66% |
| Other Components | $57.82 Million | 5.10% |
| Total Equity | $1.13 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 |
|---|---|
|
Satrec Initiative Co. Ltd
KQ:099320
|
$316.73 Million |
|
Liuzhou Chemical Industry Co Ltd
SHG:600423
|
$316.73 Million |
|
Ercros
MC:ECR
|
$316.83 Million |
|
DI Dong Il Corp
KO:001530
|
$316.84 Million |
|
Shunya International Brand Consulting Beijing Co Ltd Class A
SHE:300612
|
$316.61 Million |
|
RDC Semiconductor Co Ltd
TWO:3228
|
$316.55 Million |
|
FS Bancorp Inc
NASDAQ:FSBW
|
$316.45 Million |
|
NanJing Sanchao Advanced Materials Co Ltd
SHE:300554
|
$316.37 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 2023 to 2024, total equity changed from 1,212,069,000 to 1,133,356,000, a change of -78,713,000 (-6.5%).
- Net loss of 94,796,000 reduced equity.
- Share repurchases of 13,278,000 reduced equity.
- Other comprehensive income increased equity by 33,353,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-94.80 Million | -8.36% |
| Share Repurchases | $13.28 Million | -1.17% |
| Other Comprehensive Income | $33.35 Million | +2.94% |
| Other Changes | $-3.99 Million | -0.35% |
| Total Change | $- | -6.49% |
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: 0.29x
- 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 decreased from 0.89x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $1.37 | $1.23 | x |
| 2017-12-31 | $1.64 | $1.23 | x |
| 2018-12-31 | $0.00 | $1.23 | x |
| 2019-12-31 | $25.25 | $1.23 | x |
| 2020-12-31 | $12.43 | $1.23 | x |
| 2021-12-31 | $7.15 | $1.23 | x |
| 2022-12-31 | $5.68 | $1.23 | x |
| 2023-12-31 | $4.67 | $1.23 | x |
| 2024-12-31 | $4.29 | $1.23 | 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): -8.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.30%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.19x
- Recent ROE (-8.36%) is above the historical average (-42.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -13.41% | 0.00% | 0.00x | 1.10x | $-2.70 Million |
| 2017 | -94.78% | -134.66% | 0.37x | 1.88x | $-14.37 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.26 Million |
| 2019 | -125.40% | -427.09% | 0.12x | 2.36x | $-293.11 Million |
| 2020 | -85.85% | -382.89% | 0.21x | 1.09x | $-260.41 Million |
| 2021 | -17.08% | -404.40% | 0.04x | 1.07x | $-359.91 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 |
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: $187,281,362
- Average return on equity (ROE) among peers: 18.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SNDL Inc. (SNDL) | $1.10 Billion | -13.41% | 0.20x | $316.73 Million |
| Agencia Comercial Spirits Ltd Class A Ordinary Shares (AGCC) | $9.87 Million | 6.18% | 1.86x | $346.35 Million |
| AMASS Brands Inc. Common Stock (AMSS) | $-634.52K | 0.00% | 0.00x | $13.82 Million |
| Brown-Forman Corporation (BF-A) | $555.70 Million | 26.00% | 0.81x | $4.92 Billion |
| Brown-Forman Corporation (BF-B) | $463.70 Million | 27.71% | 1.66x | $8.34 Billion |
| Heritage Distilling Holding Company, Inc. Common Stock (CASK) | $791.77K | 89.73% | 34.36x | $125.83 Million |
| Epsium Enterprise Limited Ordinary Shares (EPSM) | $8.21 Million | 3.35% | 0.29x | $3.71 Million |
| Innovation Beverage Group Limited (IBG) | $3.69 Million | 0.86% | 0.76x | $1.50 Million |
| MGP Ingredients Inc (MGPI) | $644.26 Million | 14.17% | 0.62x | $378.13 Million |
| Splash Beverage Group Inc (SBEV) | $-59.65K | 0.00% | 0.00x | $561.46K |
About SNDL Inc.
SNDL Inc. engages in the production, distribution, and sale of cannabis products for the adult-use market in Canada. The company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. It 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 t… Read more