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Company Analysis

SNDL Inc. SNDL

A comprehensive view of key metrics, scores, and financial health for SNDL Inc.

Overview of SNDL Inc.

SNDL NCM
Consumer Defensive Beverages - Wineries & Distilleries Framework: General Corporate Small Cap
SNDL Inc. (SNDL), is a Small Cap company, in the Beverages - Wineries & Distilleries industry, last closed at $1.27, about 209.4% undervalued vs fair value, -27.8% 1Y return, ranked 129/246 in sector.
Metrics Rev Growth 2.8% ROE -1.4% Gross Margin 27.3%
USD 1.27
2.42%
(Delayed)
• Vol 90d: 40.9%
52-Week Range
Market Cap
$309.58M
Enterprise Value
$178.43M
Overall Score
View breakdown
Overall
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Fair
Valuation
Weak
Growth
Weak
Profitability
Weak
Health
Fair
Efficiency
Fair
Valuation
Weak
Completeness: 82%
Confidence: 90%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.sndl.com
HQ Calgary, AB
Employees 2,604
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$3
$4
$4
Current: $1.27 +209% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
CAD 946.4M
2.8%%
Gross Profit
CAD 258.6M
7.6%%
Operating Income
-CAD 6.3M
93.9%%
Net Income
-CAD 15.8M
83.4%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
-368.4%

Operating Cash Flow / Net Income

FCF / Net Income - not meaningful while net income is negative (a near-100% ratio here only reflects cash burn tracking accounting losses, not earnings quality)

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

CAD 54.6M
94.0% of FCF

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
3
Active Leaks
2/3
Improving
0
High Impact
1
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating SNDL Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
51
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Operating Leverage in Effect Operating leverage is evident (score 1.00), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 36.4th percentile with high volatility suggests weak pricing power or commoditized products.
  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.00), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 92% Coverage
Trade-Off Triangle Visualization A ternary plot showing SNDL's balance between Growth (36.8%), Profitability (24.6%), and Safety (38.6%). Growth 37% Safety 39% Profitability 25%

Click axes to expand details. Marker shows current allocation.

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Growth

64th percentile vs peers
64
Key Signals
Revenue CAGR 3Y 9.9% 71p EPS Growth YoY 83.0% 82p Rev Growth YoY 2.8% 46p
Strengths
  • EPS Growth YoY in top 20% of peers (83.0%, 82th percentile)
  • Growth above peer median with strong metric coverage (75%)
  • Net Debt/EBITDA in top 20% of peers (-5.25, 94th percentile)
  • Current Ratio in top 20% of peers (4.88, 89th percentile)
Risks

No significant risks identified for this axis.

Profitability

42th percentile vs peers
43
Key Signals
Strengths
Risks
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Safety

67th percentile vs peers
68
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for SNDL Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$3.93
- - -
+209.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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