One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Ayr Wellness Inc.
AYRWF · PNK · Healthcare · Drug Manufacturers - Specialty & Generic
Current price
$0.00
52-week range
$0.00 - $0.10
Market cap
$432.06K
Balance sheet
Distressed
-0.49x Concerning
Net debt $596.68M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 0.0% last year.
- Risk Net debt grew 78.0% over 3 years.
- Risk Return on equity was -68.0% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from -13.1% to -18.5% over 3 years.
What this company does
Ayr Wellness Inc.
Ayr Wellness sells cannabis products and operates cannabis stores across the United States, making its money from selling these products and through its retail locations. This is important because it shows how the company earns its income and where its business is focused within the cannabis industry.
How the company got here
Ayr Wellness Inc., originally known as Ayr Strategies Inc., was founded in 2017 and is headquartered in Miami, Florida. The company's journey began with a focus on the burgeoning cannabis industry, aiming to establish a significant presence in the United States. A key turning point was its name change to Ayr Wellness Inc. in February 2021, signaling a refined focus on health and wellness aspects within the cannabis market. This rebranding aimed to better reflect its evolving business model and product offerings as it expanded its operations.
What it actually does
Ayr Wellness Inc. is involved in the entire lifecycle of cannabis products, from growing the plants to selling the final goods. They cultivate cannabis, manufacture various products like edibles and vapes, and sell these items directly to consumers. The company also holds licenses to operate in both the adult-use and medicinal cannabis markets across different states in the U.S. Their operations encompass everything needed to bring cannabis products from the farm to the customer's hands.
Cannabis Cultivation and Manufacturing
This segment of Ayr Wellness focuses on the agricultural and production side of the cannabis business. They grow cannabis plants in controlled environments and then process these plants into various forms, such as flower, concentrates, edibles, and other branded products. This involves significant investment in facilities and technology to ensure quality and consistency. The output from these operations forms the basis for many of the company's retail offerings and wholesale products.
Cannabis Retail Operations
Ayr Wellness operates a chain of retail stores under the AYR and The Dispensary brand names. These stores are where consumers can purchase cannabis products directly. The company manages the customer experience within these dispensaries, ensuring compliance with state regulations and offering a range of products. This direct-to-consumer channel is crucial for capturing a larger share of the retail value and building brand loyalty.
Branded Consumer Packaged Goods
Within its branded portfolio, Ayr Wellness offers consumer-packaged goods under names like kynd, HAZE, and Later Days, alongside other established local brands. This involves developing, marketing, and selling specific cannabis products that consumers recognize and trust. The success of these brands relies on product innovation, effective marketing, and understanding consumer preferences in a competitive market. These branded goods are sold both through their own retail stores and potentially through other licensed dispensaries.
What management is betting on now
Ayr Wellness's current strategy appears to be centered on expanding its operational footprint and strengthening its brand portfolio within the U.S. cannabis market. Management is likely focused on optimizing its cultivation and manufacturing processes to improve efficiency and product quality. They are also probably investing in their retail presence and brand development to capture more market share and drive revenue growth. The company's success hinges on navigating the complex regulatory landscape while meeting evolving consumer demand for diverse cannabis products.
Price history
How the share price has moved
—
Loading price history…
Is it cheap or expensive?
Fair value — vs current price $0.00
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $596.7M. Interest coverage -0.5x.
Net debt
$596.68M
Interest coverage
-0.49x
Ayr Wellness Inc. is healthier than 0 of 1 peers on balance-sheet leverage.
Distressed
Worse cushion
Baseline
Better cushion
AYRWF
BASELINE
Ayr Wellness Inc.
Total debt $634.32M Interest coverage -0.49x This is the baseline the peer rows are being compared against.
What you should know
The case for and against AYRWF
1 Reward
3 Risks
Rewards
-
Revenue grew 0.0% last year.
Risks
-
Net debt grew 78.0% over 3 years.
-
Return on equity was -68.0% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from -13.1% to -18.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-0.00x
P/B
0.00x
P/S
0.00x
EV/EBITDA
28.69x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
35.1%
Operating margin
-18.5%
Net margin
-68.5%
ROE
-68.0%
ROA
-2.6%
Health
Liquidity and balance-sheet strength
Debt / equity
2.05x
Current ratio
0.49x
Quick ratio
0.14x
Total debt
$634.32M
Total cash
$37.64M
Growth
How the business has been compounding
Revenue TTM
$452.90M
Revenue 5Y CAGR
9.0%
EPS TTM
-2.67
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$9.63M
Free CF TTM
$-15.14M
FCF margin
-3.3%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
—