Canopy Free Cash Flow vs Profit Margin Analysis

CGC Stock  USD 9.55  2.32  32.09%   
Trend analysis of Canopy Growth Corp balance sheet accounts such as Other Current Liab of 0.0, Total Current Liabilities of 2.6 M or Total Stockholder Equity of 20.6 M provides information on Canopy Growth's total assets, liabilities, and equity, which is the actual value of Canopy Growth Corp to its prevalent stockholders. By breaking down trends over time using Canopy Growth balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

About Canopy Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Canopy Growth Corp at a specified time, usually calculated after every quarter, six months, or one year. Canopy Growth Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Canopy Growth and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Canopy currently owns. An asset can also be divided into two categories, current and non-current.

Canopy Growth Balance Sheet Chart

Canopy Growth Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Canopy Growth Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At present, Canopy Growth's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Property Plant And Equipment Net is expected to grow to about 616.1 M, whereas Total Assets are forecasted to decline to about 24.7 M.

Total Assets

Total assets refers to the total amount of Canopy Growth assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Canopy Growth Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Canopy Growth balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Canopy Growth Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Canopy Growth Corp balance sheet. This account contains Canopy Growth investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Canopy Growth Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
Most indicators from Canopy Growth's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canopy Growth Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
As of March 28, 2024, Selling General Administrative is expected to decline to about 5.5 M. In addition to that, Tax Provision is expected to decline to about (4.5 M)
 2020 2021 2022 2024 (projected)
Cost Of Revenue479.7M713.4M507.0M694.7K
Research Development57.6M32.3M21.7M151.7K

Canopy Growth fundamental ratios Correlations

0.850.650.98-0.43-0.560.950.90.450.920.840.430.870.960.920.930.860.760.870.880.91-0.150.960.70.890.88
0.850.730.79-0.17-0.760.720.610.480.590.480.240.840.710.770.90.670.70.90.870.86-0.220.840.630.630.77
0.650.730.56-0.13-0.840.670.550.510.50.46-0.390.720.630.740.850.460.490.870.60.56-0.140.690.350.470.47
0.980.790.56-0.57-0.390.970.920.380.930.830.50.730.970.950.860.830.630.760.850.86-0.110.960.590.970.95
-0.43-0.17-0.13-0.57-0.3-0.59-0.480.33-0.56-0.47-0.35-0.01-0.56-0.61-0.22-0.520.2-0.07-0.18-0.12-0.06-0.54-0.12-0.71-0.64
-0.56-0.76-0.84-0.39-0.3-0.43-0.33-0.52-0.3-0.30.3-0.83-0.42-0.46-0.8-0.31-0.68-0.89-0.56-0.580.17-0.51-0.45-0.19-0.26
0.950.720.670.97-0.59-0.430.960.410.960.870.310.730.990.980.870.830.60.780.790.8-0.130.940.550.960.88
0.90.610.550.92-0.48-0.330.960.550.960.880.380.680.960.910.790.810.670.690.820.83-0.150.870.540.930.82
0.450.480.510.380.33-0.520.410.550.340.31-0.060.50.40.420.540.30.690.550.730.71-0.110.410.290.30.32
0.920.590.50.93-0.56-0.30.960.960.340.930.450.710.980.880.780.830.640.680.730.76-0.140.860.590.940.8
0.840.480.460.83-0.47-0.30.870.880.310.930.380.720.910.790.720.820.660.640.620.68-0.010.780.660.810.64
0.430.24-0.390.5-0.350.30.310.38-0.060.450.380.190.370.220.110.50.320.020.40.46-0.060.340.450.490.53
0.870.840.720.73-0.01-0.830.730.680.50.710.720.190.760.690.920.730.910.940.790.84-0.190.770.80.560.55
0.960.710.630.97-0.56-0.420.990.960.40.980.910.370.760.950.870.850.650.780.80.82-0.140.940.610.950.86
0.920.770.740.95-0.61-0.460.980.910.420.880.790.220.690.950.880.770.520.790.790.77-0.110.950.470.940.9
0.930.90.850.86-0.22-0.80.870.790.540.780.720.110.920.870.880.690.760.980.830.85-0.180.890.590.740.75
0.860.670.460.83-0.52-0.310.830.810.30.830.820.50.730.850.770.690.670.620.780.76-0.120.850.880.780.7
0.760.70.490.630.2-0.680.60.670.690.640.660.320.910.650.520.760.670.780.820.88-0.220.620.790.460.44
0.870.90.870.76-0.07-0.890.780.690.550.680.640.020.940.780.790.980.620.780.790.82-0.160.820.590.610.64
0.880.870.60.85-0.18-0.560.790.820.730.730.620.40.790.80.790.830.780.820.790.98-0.210.860.680.740.8
0.910.860.560.86-0.12-0.580.80.830.710.760.680.460.840.820.770.850.760.880.820.98-0.180.840.690.740.78
-0.15-0.22-0.14-0.11-0.060.17-0.13-0.15-0.11-0.14-0.01-0.06-0.19-0.14-0.11-0.18-0.12-0.22-0.16-0.21-0.180.03-0.16-0.1-0.17
0.960.840.690.96-0.54-0.510.940.870.410.860.780.340.770.940.950.890.850.620.820.860.840.030.620.90.89
0.70.630.350.59-0.12-0.450.550.540.290.590.660.450.80.610.470.590.880.790.590.680.69-0.160.620.440.4
0.890.630.470.97-0.71-0.190.960.930.30.940.810.490.560.950.940.740.780.460.610.740.74-0.10.90.440.94
0.880.770.470.95-0.64-0.260.880.820.320.80.640.530.550.860.90.750.70.440.640.80.78-0.170.890.40.94
Click cells to compare fundamentals

Canopy Growth Account Relationship Matchups

Canopy Growth fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.7B6.9B6.8B5.6B2.4B24.7M
Other Current Liab43.4M81.4M199.4M106.4M139.3M94.7M
Total Current Liabilities411.7M420.6M284.3M212.9M803.8M2.6M
Total Stockholder Equity7.0B4.9B3.5B3.6B758.4M20.6M
Net Debt(677.4M)428.3M725.0M629.9M724.4M760.6M
Retained Earnings(777.1M)(4.3B)(6.1B)(6.4B)(9.7B)(10.4M)
Cash2.5B1.3B1.2B776.0M677.0M5.5M
Cash And Short Term Investments2.0B2.3B1.4B782.6M900.0M895.3M
Common Stock Shares Outstanding348.0M371.7M391.3M463.7M533.3M559.9M
Short Term Investments842K2.0B673.3M1.1B595.7M105.6M
Liabilities And Stockholders Equity6.9B6.8B5.6B2.4B2.8B2.8B
Other Current Assets79.0M14.7M67.2M19.1M10.1M737.5K
Other Stockholder Equity2.0B2.6B2.4B2.5B(7.2B)1.7M
Total Liab1.5B1.7B3.2B2.0B1.7B4.1M
Total Current Assets5.1B2.6B2.8B1.7B1.1B9.8M
Accounts Payable188.9M123.4M67.3M64.3M76.2M2.3M
Net Receivables107.0M90.2M92.4M96.4M94.0M502.3K
Non Current Liabilities Total1.3B2.9B1.8B875.2M1.0B806.3M
Common Stock6.0B6.4B7.2B7.5B7.9B28.3M
Property Plant And Equipment Net1.5B1.1B942.8M499.5M574.4M616.1M
Non Current Assets Total4.3B4.0B3.9B1.4B1.6B2.1B
Non Currrent Assets Other(24.5M)(16.4M)(649K)19.4M17.5M16.6M
Intangible Assets519.6M476.4M308.2M252.7M188.7M54.6K
Net Tangible Assets4.7B2.5B1.3B1.5B24.9M23.6M
Long Term Debt842.3M449.0M1.6B1.5B750.0M1.5M
Good Will314.9M1.5B2.0B1.9B1.9B85.6M
Inventory262.1M391.1M368.0M204.4M148.9M3.0M
Long Term Investments226.6M475.8M315.1M708.3M341.7M568.3M
Short Long Term Debt103.7M16.4M9.8M9.3M556.9M1.8M
Accumulated Other Comprehensive Income173.6M1.7B220.9M(34.2M)(42.3M)(13.9M)
Short Term Debt103.7M56.7M9.8M9.3M556.9M1.8M
Property Plant Equipment1.1B1.5B1.1B942.8M18.0M17.1M
Short Long Term Debt Total625.8M1.6B1.5B1.3B1.5B1.6B
Property Plant And Equipment Gross1.5B1.1B1.2B499.5M574.4M712.7M
Current Deferred Revenue37.6M41.1M100.8M76.0M87.4M91.8M
Capital Lease Obligations40.4M136.2M139.2M109.3M125.7M132.0M

Canopy Growth Investors Sentiment

The influence of Canopy Growth's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canopy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canopy Growth's public news can be used to forecast risks associated with an investment in Canopy. The trend in average sentiment can be used to explain how an investor holding Canopy can time the market purely based on public headlines and social activities around Canopy Growth Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canopy Growth's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canopy Growth's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canopy Growth's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canopy Growth.

Canopy Growth Implied Volatility

    
  294.6  
Canopy Growth's implied volatility exposes the market's sentiment of Canopy Growth Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canopy Growth's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canopy Growth stock will not fluctuate a lot when Canopy Growth's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canopy Growth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canopy Growth's short interest history, or implied volatility extrapolated from Canopy Growth options trading.

Pair Trading with Canopy Growth

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canopy Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canopy Growth will appreciate offsetting losses from the drop in the long position's value.

Moving against Canopy Stock

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The ability to find closely correlated positions to Canopy Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canopy Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canopy Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canopy Growth Corp to buy it.
The correlation of Canopy Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canopy Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canopy Growth Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canopy Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Canopy Growth Corp information on this page should be used as a complementary analysis to other Canopy Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Canopy Stock analysis

When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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Is Canopy Growth's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canopy Growth. If investors know Canopy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(15.65)
Revenue Per Share
5.589
Quarterly Revenue Growth
(0.07)
Return On Assets
(0.09)
Return On Equity
(1.22)
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.