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SNDL Inc.SNDLCompetitor analysis, valuation and peers

United States · USD·Consumer Staples›Agricultural Commodities/Milling
Momentum strong 79
Mkt cap
$344M
US dollars, full cap
Free float
97%
of shares outstanding
$/day
$1.80M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-9.5 pp
WACC 8.7%
Hurdle
-71 pp
Req g minus delivered
Next earnings
132 days
18 Mar 2027
Close · USD$1.42
1D+2.5%
1W+14.1%
1M+16.0%
3M+16.0%
6M-1.4%
YTD-14.8%
1Y-23.5%
ATR %4.3%
Beta0.76
52w lowhigh39.5% off high

What SNDL does

Employees: 2,751

SNDL at a glance

Size SNDL (SNDL) is a United States Consumer Staples company (Agricultural Commodities/Milling) with a market value of $344M, the 2995th largest of 3,117 United States companies the cockpit tracks. Shares closed at $1.42 on 6 Nov 2026.

Performance Over six months the shares fell 1.4%, against -12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue fell 2.5% over the last twelve months (peer median -0.1%); the operating margin is -1.1% (peer median 3.0%).

Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.4× (4th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +72%, so the hurdle is -71 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 9.5 points below its cost of capital (8.7% WACC).

Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026SNDL 99Peer median 87
Six months, rebased to 100: SNDL against the median of its 20 peers (local-currency closes).

SNDL financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$664M$677M$672M$673M$547M
Revenue growth—+1%0%+23%—
Gross profit$134M$148M$136M$102M$77.4M
EBITDA$29.6M$34.0M$15.1M-$23.8M-$9.71M
Net income-$42.4M-$11.3M-$69.2M-$126M-$257M
Free cash flow$29.6M$44.9M$99.3M-$18.1M-$13.3M
Capital expenditure$6.77M$9.17M$8.04M$5.88M$8.34M
Total debt$114M$124M$106M$127M$125M

Quarterly statements and history in the cockpit →

SNDL competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-10%0%+10%002069ACB600257VFFAFRI5JS002852002234ANDFKSCL20532938RAIKVCASK2060SHV2108600540WEEDSNDL6-month return →1-month return →
Up and to the right = strong over both horizons. SNDL is the large dot.

Fundamentals: revenue growth against valuation

0%+2,000%+4,000%0×50×002069ACB300175ANDFSNDLRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SNDL is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%6002575JS0028523001750022342053RAIKVSHV2108SNDLGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. SNDL is the large dot.

SNDL competitors and peer comparison

How SNDL compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SNDL against its 20 peers (data as of 6 Nov 2026)
MeasureSNDLPeer medianRank in peer set
1-month return+16.0%-5.8%3rd highest of 21
6-month return-1.4%-12.4%9th highest of 21
Distance from 52-week high-39.5%-28.2%4th lowest of 21
Revenue growth (TTM)-2.5%-0.1%10th lowest of 21
Operating margin-1.1%3.0%8th lowest of 20
EV / Sales0.5×1.4×4th cheapest of 20
Growth the price implies (Req g, 7 yrs)0.2%9.8%5th least demanding of 12
Growth delivered (Del g)+71.7%+4.0%highest of 12
Hurdle (Req g minus delivered)-71.5 pp+10.0 ppleast demanding of 12
ROIC minus cost of capital-9.5 pp-2.5 pp4th lowest of 19
Net debt / EBITDA0.5×1.6×6th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
SNDL SNDLUnited States$344M-1%-2%-1%0.5×0.2%+71.7%
Zoneco 002069.SZChina$343M-15%-16%4%3.0×n/an/a
Aurora Cannabis ACB.TOCanada$347M+57%-19%-57%1.2×n/an/a
Dahu Health Industry 600257.SSChina$350M-20%-4%11%3.1×9.8%-0.4%
Village Farms International VFFUnited States$352M+12%-24%16%1.4×n/an/a
Forafric Global AFRIUnited States$334M+22%-36%-1%n/an/an/a
Indofood Agri Resources 5JS.SISingapore$355M-24%+8%18%0.9×-18.0%+4.0%
Daodaoquan Grain & Oil 002852.SZChina$359M-20%+5%1%0.5×13.2%+3.3%
Lontrue 300175.SZChina$330M-25%+29%-7%6.1×9.9%-0.4%
Shandong Minhe Animal Husbandry Co,.Ltd 002234.SZChina$362M-20%+5%-4%1.6×30.3%+5.2%
Andfjord Salmon Group AS ANDF.OLNorway$321M-10%+5,368%-233%90.0×n/an/a
Kaveri Seed KSCL.NSIndia$373M-32%-3%18%2.5×n/an/a
Chubu Shiryo 2053.TJapan$375M+17%+6%3%0.2×-10.0%+3.2%
Okamura Foods 2938.TJapan$377M-3%+21%9%2.0×n/an/a
Raisio RAIKV.HEFinland$379M-17%0%11%1.2×-4.1%-0.8%
MGP Ingredients CASKUnited States$380M+3,438%-16%11%1.5×2.4%+6.3%
Feed One 2060.TJapan$310M+18%+5%3%0.2×-9.4%+6.3%
Select Harvests SHV.AXAustralia$390M+13%-6%-6%2.7×27.3%+16.3%
Nippon Beet Sugar Manufacturing 2108.TJapan$391M+24%0%1%0.8×40.4%+4.6%
Xinjiang Sayram Modern Agriculture 600540.SSChina$399M-18%-4%n/a1.1×n/an/a
Canopy Growth WEED.TOCanada$293M-41%+7%-25%1.2×n/an/a

Questions

Which companies are SNDL's closest peers?
The cockpit's peer set: Zoneco (002069.SZ), Aurora Cannabis (ACB.TO), Dahu Health Industry (600257.SS), Village Farms International (VFF), Forafric Global (AFRI), Indofood Agri Resources (5JS.SI), Daodaoquan Grain & Oil (002852.SZ), Lontrue (300175.SZ).
Is SNDL expensive compared with its peers?
On ev / sales it trades at 0.5× against a peer median of 1.4×, 4th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +72%, so the hurdle is -71 pp: the price already allows for a slowdown.
How has SNDL stock performed?
Over six months to 6 Nov 2026 the shares returned -1.4% against -12.4% for the median peer; over one year -23.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.