Green Thumb Industries Inc
GTII: XCNQ (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 58.00 | Xxz | Tjpxpxwdc |
Green Thumb Earnings: Another Strong Quarter, but Shares Remain Undervalued as Rescheduling Looms
No-moat Green Thumb reported another strong quarter. Second-quarter sales were roughly flat sequentially at $280 million and adjusted EBITDA margin expanded roughly 80 basis points from the first quarter to 34%. Margin is particularly impressive, reaching the highest it has ever achieved. Results were largely within our expectations, so we don’t expect to make a major change to our fair value estimates of $24 and CAD 33 per share.