High Tide Inc
XTSX:HITI

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High Tide Inc Logo
High Tide Inc
XTSX:HITI
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Price: 3.7 CAD -0.27% Market Closed
Market Cap: 298.5m CAD
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Intrinsic Value

The intrinsic value of one HITI stock under the Base Case scenario is 5.74 CAD. Compared to the current market price of 3.7 CAD, High Tide Inc is Undervalued by 36%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

HITI Intrinsic Value
5.74 CAD
Undervaluation 36%
Intrinsic Value
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Base Case
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High Tide Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
High Tide Inc

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Financials
Annual
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TTM
Annual
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TTM

Balance Sheet Decomposition
High Tide Inc

Current Assets 75.7m
Cash & Short-Term Investments 36m
Receivables 2.6m
Other Current Assets 37.1m
Non-Current Assets 162.8m
PP&E 63.1m
Intangibles 97.3m
Other Non-Current Assets 2.3m
Current Liabilities 60.1m
Accounts Payable 8.5m
Accrued Liabilities 10.8m
Short-Term Debt 13.7m
Other Current Liabilities 27.1m
Non-Current Liabilities 33.3m
Long-Term Debt 30.2m
Other Non-Current Liabilities 3.1m
Efficiency

Earnings Waterfall
High Tide Inc

Revenue
511.1m CAD
Cost of Revenue
-371.4m CAD
Gross Profit
139.7m CAD
Operating Expenses
-127m CAD
Operating Income
12.7m CAD
Other Expenses
-43.1m CAD
Net Income
-30.4m CAD

Free Cash Flow Analysis
High Tide Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

High Tide achieved record quarterly revenue of $131.7 million, up 6% year-over-year, driven by a 12% market share. The company opened 11 new stores this quarter, contributing to its 183 total stores. Net income rose to $800,000 from $200,000 last quarter, and free cash flow was $3.1 million. Membership in the Cabana Club grew 41% year-over-year to 1.55 million. Same-store sales increased 5% sequentially. The company expects to reach the higher end of its 20-30 new stores guidance for the year and aims for continued strong performance in 2025.

What is Earnings Call?
Fundamental Scores

HITI Profitability Score
Profitability Due Diligence

High Tide Inc's profitability score is 40/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
ROE is Increasing
Positive Gross Profit
ROIC is Increasing
40/100
Profitability
Score

High Tide Inc's profitability score is 40/100. The higher the profitability score, the more profitable the company is.

HITI Solvency Score
Solvency Due Diligence

High Tide Inc's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Positive Net Debt
Short-Term Solvency
59/100
Solvency
Score

High Tide Inc's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

HITI Price Targets Summary
High Tide Inc

Wall Street analysts forecast HITI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HITI is 6.25 CAD with a low forecast of 4.55 CAD and a high forecast of 8.93 CAD.

Lowest
Price Target
4.55 CAD
23% Upside
Average
Price Target
6.25 CAD
69% Upside
Highest
Price Target
8.93 CAD
141% Upside
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Dividends

High Tide Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for HITI is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

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Dividend Yield
No dividends
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HITI News

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High Tide Inc Logo
High Tide Inc

Country

Canada

Industry

Pharmaceuticals

Market Cap

297.6m CAD

Dividend Yield

0%

Description

High Tide, Inc. engages in the manufacture and retail of cannabis smoking accessories and lifestyle products. The company is headquartered in Calgary, Alberta. The company went IPO on 2018-12-17. The firm operates as a retailer of recreational cannabis with approximately 110 locations across Ontario, Alberta, Manitoba and Saskatchewan. The firm is also a cannabis discount club retailer, featuring Canna Cabana, Meta Cannabis Co., and Meta Cannabis Supply Co. banners, with additional locations under development across the country. High Tide serves consumers through its established e-commerce platforms, including Grasscity.com, Smokecartel.com, Dailyhighclub.com, and Dankstop.com, and in the hemp-derived Cannabidiol (CBD) space through Nuleafnaturals.com, FABCBD.com, and BlessedCBD.co.uk, as well as its wholesale distribution division under Valiant Distribution, including the licensed entertainment product manufacturer Famous Brandz. The firm's brands also include Bud Room, a retail cannabis store located in Ottawa, Ontario.

Contact

ALBERTA
Calgary
#112, 11127 15Th Street Ne
+18557476420.0
hightideinc.com

IPO

2018-12-17

Employees

-

Officers

Founder, CEO, President & Executive Chairman
Mr. Harkirat Grover
Chief Operating Officer
Mr. Aman Sood
Chief Communications & Public Affairs Officer
Mr. Omar Yar Khan
Chief Marketing Officer
Mr. Andreas-Alexander Palalas
Chief Financial Officer
Mr. Mayank Mahajan C.A., CPA, M.B.A.
VP & Legal Counsel
Ms. Joy Lisa Avzar
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Vice President of Human Resources
Ms. Sandy Sharma
Secretary & Treasurer
Mr. Shimshon Posen J.D.
Director of Corporate Governance
Krystal Dafoe
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See Also

Discover More
What is the Intrinsic Value of one HITI stock?

The intrinsic value of one HITI stock under the Base Case scenario is 5.74 CAD.

Is HITI stock undervalued or overvalued?

Compared to the current market price of 3.7 CAD, High Tide Inc is Undervalued by 36%.

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