Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Virginia and West Virginia, and Pennsylvania. It offers cannabis products under the E… Read more
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) - Net Assets
Latest net assets as of June 2024: CA$1.22 Billion CAD
Based on the latest financial reports, Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) has net assets worth CA$1.22 Billion CAD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.24 Billion) and total liabilities (CA$1.02 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.22 Billion |
| % of Total Assets | 54.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.95 |
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Net Assets Trend (2020–2023)
This chart illustrates how Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (2020–2023)
The table below shows the annual net assets of Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$1.24 Billion | -7.56% |
| 2022-12-31 | CA$1.34 Billion | -9.47% |
| 2021-12-31 | CA$1.48 Billion | +684537.30% |
| 2020-12-31 | CA$-216.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'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 44018144117.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$1.68 Billion | 135.62% |
| Total Equity | CA$1.24 Billion | 100.00% |
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) Competitors by Market Cap
The table below lists competitors of Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MCLON JEWELLERY Co.Ltd.
SHE:300945
|
$303.73 Million |
|
Liuzhou Iron & Steel Co Ltd
SHG:601003
|
$303.74 Million |
|
FREY EO 250
F:943
|
$303.76 Million |
|
Shandong Yabo Technology Co Ltd
SHE:002323
|
$303.78 Million |
|
ATEX Resources Inc
PINK:ECRTF
|
$303.71 Million |
|
PT Bank Sinarmas Tbk
F:08S
|
$303.68 Million |
|
Shanghai Yongmaotai Automotive Technology Co. Ltd.
SHG:605208
|
$303.63 Million |
|
ERMENEGILDO ZEG.DL -0001
F:JN0
|
$303.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,341,550,000 to 1,240,080,000, a change of -101,470,000 (-7.6%).
- Net loss of 117,348,000 reduced equity.
- Other factors increased equity by 15,878,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-117.35 Million | -9.46% |
| Other Changes | CA$15.88 Million | +1.28% |
| Total Change | CA$- | -7.56% |
Book Value vs Market Value Analysis
This analysis compares Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'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: 0.40x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.00 | CA$1.45 | x |
| 2021-12-31 | CA$5.04 | CA$1.45 | x |
| 2022-12-31 | CA$4.11 | CA$1.45 | x |
| 2023-12-31 | CA$3.60 | CA$1.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) 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): -9.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.50%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.87x
- Recent ROE (-9.46%) is below the historical average (-8.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 16.80% | 14510.39x | 0.00x | CA$38.42 Million |
| 2021 | -3.88% | -7.79% | 0.29x | 1.72x | CA$-205.56 Million |
| 2022 | -20.06% | -30.61% | 0.37x | 1.79x | CA$-403.32 Million |
| 2023 | -9.46% | -12.50% | 0.40x | 1.87x | CA$-241.36 Million |
Industry Comparison
This section compares Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $157,119,530
- Average return on equity (ROE) among peers: -337.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) | CA$1.22 Billion | 0.00% | 0.83x | $303.72 Million |
| Amotiv Limited (AOV) | $1.03 Billion | 2.34% | 0.02x | $227.52 Million |
| Cannabist Company Holdings Inc (CBST) | $-986.97K | 0.00% | 0.00x | $11.81 Million |
| DRI Healthcare Trust (DHT-U) | $372.34 Million | 3.11% | 0.70x | $450.44 Million |
| GenixPharmaceucticals Corporation (GENX) | $4.01 Million | -41.17% | 0.19x | $451.93K |
| Simply Solventless Concentrates Ltd. (HASH) | $1.78 Million | -130.46% | 0.98x | $2.81 Million |
| The Hempshire Group Corp. (HMPG) | $-835.46K | 0.00% | 0.00x | $515.15K |
| LSL Pharma Group Inc. (LSL) | $7.48 Million | 1.18% | 2.18x | $24.09 Million |
| Good Shroom Co Inc (MUSH) | $242.01K | -170.37% | 3.22x | $2.78 Million |
| Navasota Resources Inc. (NAV) | $3.47K | -2698.16% | 31.31x | $132.92K |