Cronos Financials

CRON Stock  USD 2.08  0.01  0.48%   
Based on the key indicators related to Cronos' liquidity, profitability, solvency, and operating efficiency, Cronos Group may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Cronos' Total Liabilities is very stable compared to the past year. As of the 28th of November 2024, Property Plant And Equipment Net is likely to grow to about 83.2 M, while Total Assets are likely to drop about 809.1 M. Key indicators impacting Cronos' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.07380.0892
Significantly Down
Slightly volatile
Current Ratio23.6722.5442
Sufficiently Up
Slightly volatile
Investors should never underestimate Cronos' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cronos' cash flow, debt, and profitability to make informed and accurate decisions about investing in Cronos Group.

Net Income

(70.26 Million)

  
Understanding current and past Cronos Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cronos' financial statements are interrelated, with each one affecting the others. For example, an increase in Cronos' assets may result in an increase in income on the income statement.

Cronos Earnings Geography

Cronos Stock Summary

Cronos competes with OrganiGram Holdings, Aurora Cannabis, SNDL, Canopy Growth, and Tilray. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada. Cronos operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on NASDAQ Exchange. It employs 626 people.
Foreign Associate
  Canada
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINCA22717L1013
CUSIP22717L101 226903102
LocationOntario; Canada
Business Address111 Peter Street,
SectorPharmaceuticals
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.thecronosgroup.com
Phone416 504 0004
CurrencyUSD - US Dollar

Cronos Key Financial Ratios

Cronos Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.1B1.9B1.4B1.2B1.1B809.1M
Other Current Liab297.2M183.3M37.1M18.5M28.2M26.8M
Net Debt(1.2B)(1.1B)(877.2M)(760.8M)(666.7M)(633.4M)
Retained Earnings1.1B1.1B659.4M490.7M416.7M373.6M
Accounts Payable35.3M19.3M11.1M11.2M12.1M10.9M
Cash1.2B1.1B887.0M764.6M669.3M463.4M
Net Receivables16.5M26.0M33.3M31.3M35.7M37.5M
Other Current Assets9.4M12.3M9.0M13.6M5.6M6.5M
Total Liab341.4M217.5M63.5M72.0M44.0M79.6M
Total Current Assets1.6B1.4B1.1B960.2M933.3M599.3M
Other Liab1.8M2.2M2.0M1.4M1.6M1.5M
Net Tangible Assets1.5B1.5B1.3B1.1B1.3B683.3M
Other Assets64.4M116.7M80.7M72.5M(5.8M)(5.5M)
Good Will214.8M179.5M1.1M1.0M1.1M1.0M
Capital Surpluse11.3M23.2M34.6M32.5M37.3M39.2M
Inventory38.0M44.0M32.8M37.6M30.5M23.2M
Short Term Debt427K1.3M2.7M1.3M994K944.3K
Intangible Assets72.3M69.7M18.1M26.7M21.1M26.0M

Cronos Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense28.0M186K27K22.5M25.9M27.2M
Total Revenue23.8M46.7M74.4M91.9M87.2M91.6M
Gross Profit(17.9M)(25.8M)(17.5M)12.0M11.9M12.5M
Operating Income(121.5M)(179.3M)6.8M(116.0M)(81.4M)(77.3M)
Ebit(121.5M)(77.4M)(207.7M)(104.4M)(80.4M)(84.4M)
Ebitda(1.4B)(70.4M)(192.3M)(91.3M)(72.1M)(75.8M)
Income Before Tax1.2B(73.3M)(397.1M)(134.6M)(73.7M)(70.0M)
Net Income2.5B(74.6M)(396.7M)(168.7M)(74.0M)(70.3M)
Research Development12.2M20.4M23.3M13.4M5.8M9.2M
Cost Of Revenue41.6M72.6M92.0M79.9M75.3M40.5M
Income Tax Expense(1.3B)1.3M(431K)34.2M(3.2M)(3.4M)
Minority Interest(853K)(2.1M)(1.1M)282K326K342.3K
Tax Provision0.01.3M(431K)34.2M29.1M30.6M
Net Interest Income(4.2M)18.4M9.1M22.5M46.5M48.9M
Interest Income1.3B18.6M9.1M22.5M46.5M44.2M

Cronos Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash1.2B(121.7M)(191.1M)(122.3M)(95.4M)(90.6M)
Free Cash Flow(169.0M)(177.8M)(165.9M)(94.0M)(46.3M)(48.6M)
Other Non Cash Items4.6M(57.0M)(2.2M)30.9M38.4M40.3M
Capital Expenditures39.0M35.4M12.3M5.0M3.4M3.3M
Net Income1.2B(75.3M)(397.2M)(168.7M)(71.1M)(67.6M)
End Period Cash Flow1.2B1.1B887.0M764.6M665.9M463.1M
Change To Inventory29.4M(28.1M)11.6M(7.2M)7.4M7.8M
Investments(359.9M)50.8M(14.7M)(1.8M)17.1M17.9M
Net Borrowings1.9M11.6M(15.6M)(2.4M)(2.2M)(2.1M)
Depreciation3.9M7.0M15.4M13.1M8.1M5.6M
Change To Netincome(1.2B)(43.2M)229.1M46.0M41.4M43.5M

Cronos Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Cronos's current stock value. Our valuation model uses many indicators to compare Cronos value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cronos competition to find correlations between indicators driving Cronos's intrinsic value. More Info.
Cronos Group is number one stock in return on equity category among its peers. It is rated fifth in return on asset category among its peers . At this time, Cronos' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cronos' earnings, one of the primary drivers of an investment's value.

Cronos' Earnings Breakdown by Geography

Cronos Group Systematic Risk

Cronos' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cronos volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Cronos Group correlated with the market. If Beta is less than 0 Cronos generally moves in the opposite direction as compared to the market. If Cronos Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cronos Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cronos is generally in the same direction as the market. If Beta > 1 Cronos moves generally in the same direction as, but more than the movement of the benchmark.

Cronos Thematic Clasifications

Cronos Group is part of Cannabis investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Companies involved in production or distribution of medical cannabis. Equities that are involved in production and delivery of legal cannabis. This theme is designed for investors that are willing to accept higher levels of market risk inherited by cannabis production and distribution globally
CannabisView
This theme covers Companies involved in production or distribution of medical cannabis. Equities that are involved in production and delivery of legal cannabis. This theme is designed for investors that are willing to accept higher levels of market risk inherited by cannabis production and distribution globally. Get More Thematic Ideas
Today, most investors in Cronos Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cronos' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cronos growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.19

At this time, Cronos' Price Earnings To Growth Ratio is very stable compared to the past year.

Cronos November 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Cronos help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cronos Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cronos Group based on widely used predictive technical indicators. In general, we focus on analyzing Cronos Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cronos's daily price indicators and compare them against related drivers.
When determining whether Cronos Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cronos' 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 Cronos Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cronos Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Pharmaceuticals space 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 Cronos. If investors know Cronos 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 Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.144
Earnings Share
(0.12)
Revenue Per Share
0.267
Quarterly Revenue Growth
0.46
Return On Assets
(0.04)
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' 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 Cronos' market value can be influenced by many factors that don't directly affect Cronos' 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 Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' 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.