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SNDL Valuation Multiples
Discover revenue and EBITDA valuation multiples for SNDL and similar public comparables like Marie Brizard Wine & Spirits, Verano Holdings, Cresco Labs, Viva Wine Group and more.
SNDL Overview
About SNDL
SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.
SNDL Financials
SNDL reported last 12-month revenue of $700M and EBITDA of $52M.
In the same LTM period, SNDL generated $193M in gross profit, $52M in EBITDA, and had net loss of ($12M).
Revenue (LTM)
SNDL P&L
In the most recent fiscal year, SNDL reported revenue of $695M and EBITDA of $52M.
SNDL expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $700M | XXX | $695M | XXX | XXX | XXX |
| Gross Profit | $193M | XXX | $188M | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $52M | XXX | $52M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 0% | XXX | 0% | XXX | XXX | XXX |
| Net Profit | ($12M) | XXX | ($11M) | XXX | XXX | XXX |
| Net Margin | (2%) | XXX | (2%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SNDL Stock Performance
SNDL has current market cap of $391M, and enterprise value of $329M.
Market Cap Evolution
SNDL's stock price is $1.51.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $329M | $391M | 0.0% | XXX | XXX | XXX | $-0.04 |
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Start Free TrialSNDL Valuation Multiples
SNDL trades at 0.5x EV/Revenue multiple, and 6.4x EV/EBITDA.
EV / Revenue (LTM)
SNDL Financial Valuation Multiples
As of April 19, 2026, SNDL has market cap of $391M and EV of $329M.
Equity research analysts estimate SNDL's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SNDL has a P/E ratio of (33.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $391M | XXX | $391M | XXX | XXX | XXX |
| EV (current) | $329M | XXX | $329M | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 6.4x | XXX | XXX | XXX |
| EV/EBIT | 103.4x | XXX | 4765.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | (33.9x) | XXX | (34.2x) | XXX | XXX | XXX |
| EV/FCF | 23.1x | XXX | 7.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SNDL Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
SNDL Margins & Growth Rates
SNDL's revenue in the last 12 month grew by 3%.
SNDL's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
SNDL's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SNDL's rule of X is 16% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
SNDL Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 19% | XXX | 20% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| SNDL | XXX | XXX | XXX | XXX | XXX | XXX |
| Marie Brizard Wine & Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
| Verano Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Viva Wine Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Marston's | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SNDL M&A Activity
SNDL acquired XXX companies to date.
Last acquisition by SNDL was on XXXXXXXX, XXXXX. SNDL acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SNDL
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSNDL Investment Activity
SNDL invested in XXX companies to date.
SNDL made its latest investment on XXXXXXXX, XXXXX. SNDL invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SNDL
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout SNDL
| When was SNDL founded? | SNDL was founded in 2006. |
| Where is SNDL headquartered? | SNDL is headquartered in Canada. |
| How many employees does SNDL have? | As of today, SNDL has over 2K employees. |
| Who is the CEO of SNDL? | SNDL's CEO is Zachary R. George. |
| Is SNDL publicly listed? | Yes, SNDL is a public company listed on Nasdaq. |
| What is the stock symbol of SNDL? | SNDL trades under SNDL ticker. |
| When did SNDL go public? | SNDL went public in 2019. |
| Who are competitors of SNDL? | SNDL main competitors are Marie Brizard Wine & Spirits, Verano Holdings, Cresco Labs, Viva Wine Group. |
| What is the current market cap of SNDL? | SNDL's current market cap is $391M. |
| What is the current revenue of SNDL? | SNDL's last 12 months revenue is $700M. |
| What is the current revenue growth of SNDL? | SNDL revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of SNDL? | Current revenue multiple of SNDL is 0.5x. |
| Is SNDL profitable? | Yes, SNDL is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SNDL? | SNDL's last 12 months EBITDA is $52M. |
| What is SNDL's EBITDA margin? | SNDL's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of SNDL? | Current EBITDA multiple of SNDL is 6.4x. |
| What is the current FCF of SNDL? | SNDL's last 12 months FCF is $14M. |
| What is SNDL's FCF margin? | SNDL's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of SNDL? | Current FCF multiple of SNDL is 23.1x. |
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