High Tide Inc
XTSX:HITI

Watchlist Manager
High Tide Inc Logo
High Tide Inc
XTSX:HITI
Watchlist
Price: 3.71 CAD 0.27% Market Closed
Market Cap: 298.5m CAD
Have any thoughts about
High Tide Inc?
Write Note

Intrinsic Value

The intrinsic value of one HITI stock under the Base Case scenario is 5.33 CAD. Compared to the current market price of 3.71 CAD, High Tide Inc is Undervalued by 30%.

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

HITI Intrinsic Value
5.33 CAD
Undervaluation 30%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
High Tide Inc

Backtest Intrinsic Value
Dive into the past to invest in the future

Uncover deeper insights with the Valuation Backtest. Learn how current stock valuations stack up against historical averages to gauge true investment potential.

Start backtest now and learn if your stock is truly undervalued or overvalued!

Run Backtest
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.

Backtest Example
Register to View Results
Register to View Results

To access the results of this valuation backtest, please register an account with us. Registration is quick and gives you instant access to insights on 3 stocks per week for free.

Backtest Unavailable

The backtest for HITI cannot be conducted due to limitations such as insufficient data or other constraints. Please select a different stock or adjust your settings.

Backtest In Progress...
Backtest In Progress...
How do you feel about HITI?
Bearish
Neutral
Bullish
Discover Undervalued Stocks
Pharmaceuticals Industry

Fundamental Analysis

Risks & Rewards

 

 

 

 

View All Risks & Rewards
Company Quality
No Indicators Selected
Select Indicators

Select up to 3 indicators:

Insider Trading
0-3
Months
0-6
Months
0-12
Months
0-36
Months
No Periods Selected
Select Periods

Select up to 2 periods:

Notes
AI Assistant
AI Assistant
Ask me anything about High Tide Inc

Provide an overview of the primary business activities
of High Tide Inc.

What unique competitive advantages
does High Tide Inc hold over its rivals?

What risks and challenges
does High Tide Inc face in the near future?

Summarize the latest earnings call
of High Tide Inc.

Is it considered overvalued or undervalued
based on the latest financial data?

Show all valuation multiples
for High Tide Inc.

Provide P/S
for High Tide Inc.

Provide P/E
for High Tide Inc.

Provide P/OCF
for High Tide Inc.

Provide P/FCFE
for High Tide Inc.

Provide P/B
for High Tide Inc.

Provide EV/S
for High Tide Inc.

Provide EV/GP
for High Tide Inc.

Provide EV/EBITDA
for High Tide Inc.

Provide EV/EBIT
for High Tide Inc.

Provide EV/OCF
for High Tide Inc.

Provide EV/FCFF
for High Tide Inc.

Provide EV/IC
for High Tide Inc.

Show me price targets
for High Tide Inc made by professional analysts.

What are the Revenue projections
for High Tide Inc?

How accurate were the past Revenue estimates
for High Tide Inc?

What are the Net Income projections
for High Tide Inc?

How accurate were the past Net Income estimates
for High Tide Inc?

What are the EPS projections
for High Tide Inc?

How accurate were the past EPS estimates
for High Tide Inc?

What are the EBIT projections
for High Tide Inc?

How accurate were the past EBIT estimates
for High Tide Inc?

Compare the revenue forecasts
for High Tide Inc with those of its competitors based on recent analyst estimates.

Compare the intrinsic valuations
of High Tide Inc and its key competitors using the latest financial data.

Compare historical revenue growth rates
of High Tide Inc against its competitors.

Analyze the profit margins
(gross, operating, and net) of High Tide Inc compared to its peers.

Compare the P/E ratios
of High Tide Inc against its peers.

Discuss the investment returns and shareholder value creation
comparing High Tide Inc with its peers.

Analyze the financial leverage
of High Tide Inc compared to its main competitors.

Show all profitability ratios
for High Tide Inc.

Provide ROE
for High Tide Inc.

Provide ROA
for High Tide Inc.

Provide ROIC
for High Tide Inc.

Provide ROCE
for High Tide Inc.

Provide Gross Margin
for High Tide Inc.

Provide Operating Margin
for High Tide Inc.

Provide Net Margin
for High Tide Inc.

Provide FCF Margin
for High Tide Inc.

Show all solvency ratios
for High Tide Inc.

Provide D/E Ratio
for High Tide Inc.

Provide D/A Ratio
for High Tide Inc.

Provide Interest Coverage Ratio
for High Tide Inc.

Provide Altman Z-Score Ratio
for High Tide Inc.

Provide Quick Ratio
for High Tide Inc.

Provide Current Ratio
for High Tide Inc.

Provide Cash Ratio
for High Tide Inc.

What is the historical Revenue growth
over the last 5 years for High Tide Inc?

What is the historical Net Income growth
over the last 5 years for High Tide Inc?

What is the current Free Cash Flow
of High Tide Inc?

Discuss the annual earnings per share (EPS)
trend over the past five years for High Tide Inc.

Financials
Annual
Quarterly
TTM
Annual
Quarterly
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
68% Upside
Highest
Price Target
8.93 CAD
141% Upside
View Analyst Estimates
View Analyst Estimates
Want to learn more about Wall St estimates for HITI?

Click here to dive deeper.

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?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

HITI News

Other Videos

Profile

High Tide Inc Logo
High Tide Inc

Country

Canada

Industry

Pharmaceuticals

Market Cap

298.5m 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
Show More
Vice President of Human Resources
Ms. Sandy Sharma
Secretary & Treasurer
Mr. Shimshon Posen J.D.
Director of Corporate Governance
Krystal Dafoe
Show Less

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 5.33 CAD.

Is HITI stock undervalued or overvalued?

Compared to the current market price of 3.71 CAD, High Tide Inc is Undervalued by 30%.

Back to Top