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Cronos Group Inc Stock Research

CRON

1.94USD+0.05(+2.65%)Delayed

Market Summary

USD1.94+0.05
Delayed
2.65%

CRON Alerts

CRON Stock Price

CRON RSI Chart

CRON Valuation

Market Cap

738.3M

Price/Earnings (Trailing)

-4.38

Price/Sales (Trailing)

6.45

EV/EBITDA

0.2

Price/Free Cashflow

-7.99

CRON Price/Sales (Trailing)

CRON Profitability

EBT Margin

-117.56%

Return on Equity

-14.75%

Return on Assets

-13.91%

Free Cashflow Yield

-12.51%

CRON Fundamentals

CRON Revenue

Revenue (TTM)

114.5M

Revenue Y/Y

-4.72%

Revenue Q/Q

12.52%

CRON Earnings

Earnings (TTM)

-168.7M

Earnings Y/Y

40.97%

Earnings Q/Q

-113.25%

Price Action

52 Week Range

1.854.05
(Low)(High)

Last 30 days

-8.5%

Last 90 days

-23.6%

Trailing 12 Months

-50.1%

CRON Financial Health

Current Ratio

14.1

CRON Investor Care

Shares Dilution (1Y)

1.35%

Peers (Alternatives to Cronos Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
407.3B
94.9B
1.59% -10.18%
22.7
4.29
1.25% -14.07%
309.3B
28.5B
9.31% 21.06%
49.53
10.84
0.79% 11.88%
272.8B
59.3B
0.45% 33.58%
17.88
4.63
21.72% 11.27%
228.8B
100.3B
1.54% -19.24%
7.29
2.28
23.43% 42.74%
147.4B
46.2B
-0.07% -3.71%
23.29
3.19
-0.49% -9.54%
MID-CAP
4.8B
4.5B
-5.43% -6.05%
-34.34
1.08
7.56% -104.06%
3.3B
2.2M
-2.41% 177.53%
-10.65
1.5K
-80.71% -4.88%
SMALL-CAP
1.9B
667.2M
-7.69% 12.10%
31.78
2.89
15.09% 13.64%
1.6B
602.5M
-7.75% -62.41%
-2.73
2.62
18.18% -18.59%
850.7M
478.9M
-22.22% -76.91%
-0.27
1.78
-31.50% -634.70%
778.4M
285.2M
-1.06% -41.86%
3.53
2.73
-27.21% -40.28%
738.3M
114.5M
-8.49% -50.13%
-4.38
6.45
27.90% 57.40%
539.5M
29.8M
-33.91% -53.07%
-6.21
18.13
340.05% 4.35%
406.9M
51.5M
-13.18% 6.46%
-5.73
7.9
18.32% -984.05%
94.1M
2.3B
-43.99% -88.43%
-0.03
0.04
-22.53% -376.66%

Financials for Cronos Group

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.3%114,456,000115,938,000113,944,000104,238,00089,486,000
Gross Profit-15.4%11,969,00014,146,00012,259,000-7,645,000-17,534,000
Operating Expenses-49.7%136,807,000271,900,000295,423,000543,798,000543,060,000
  S&GA Expenses-18.0%22,282,00027,170,00032,068,00039,695,00044,937,000
  R&D Expenses-23.4%13,381,00017,467,00021,371,00022,268,00023,331,000
EBITDA40.5%-128,534,000-215,997,000-104,266,000-262,753,000-
EBITDA Margin39.7%-1.12-1.86-0.69-1.28-
Earnings Before Taxes39.4%-134,559,000-221,869,000-109,676,000-267,822,000-397,135,000
EBT Margin38.6%-1.18-1.91-0.73-1.30-
Interest ExpensesNaN%0.000.000.00--
Net Income24.5%-168,734,000-223,619,000-108,712,000-267,727,000-396,107,000
Net Income Margin23.6%-1.47-1.93-0.72-1.30-
Free Cahsflow11.2%-92,399,000-104,094,000-123,625,000-146,700,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.0%1,2131,2371,3321,3711,398
  Current Assets-0.3%9609631,0261,0631,080
    Cash Equivalents20.7%765633790862887
  Inventory10.2%38.0034.0040.0037.0033.00
  Net PPE0.0%61.0061.0066.0072.0074.00
  Goodwill2.1%1.001.001.001.001.00
Liabilities55.9%72.0046.0047.0050.0063.00
  Current Liabilities79.4%68.0038.0039.0040.0054.00
Shareholder's Equity-4.2%1,1441,1941,2851,3211,337
  Retained Earnings-13.8%491570607627659
  Additional Paid-In Capital11.4%43.0038.0035.0035.0032.00
Accumulated Depreciation-30.00----
Shares Outstanding0.6%381378378375375
Minority Interest-0.6%-2.92-2.90-3.11-3.23-2.97
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations11.5%-88.95-100-118-140-153
  Share Based Compensation-27.0%15.0021.0019.0019.0018.00
Cashflow From Investing97.7%-1.84-78.9637.00-19.08-28.90
Cashflow From Financing-13.4%-2.90-2.56-6.57-5.24-13.44

Risks for CRON

What is the probability of a big loss on CRON?

100%


Probability that Cronos Group stock will be more than 20% underwater in next one year

96.5%


Probability that Cronos Group stock will be more than 30% underwater in next one year.

82.3%


Probability that Cronos Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CRON drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cronos Group was unfortunately bought at previous high price.

Drawdowns

Returns for CRON

Cumulative Returns on CRON

-22.0%


5-Year Cumulative Returns

-30.1%


3-Year Cumulative Returns

What are the long-term rolling returns for CRON?

FIve years rolling returns for Cronos Group.

Annualized Returns

Which funds bought or sold CRON recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
ETF MANAGERS GROUP, LLC
sold off
-100
-26,126,000
-
-%
2023-03-17
American Portfolios Advisors
reduced
-0.5
-282
55,768
-%
2023-03-06
Rockefeller Capital Management L.P.
added
0.05
-1,000
9,000
-%
2023-03-06
OLD MISSION CAPITAL LLC
new
-
34,734
34,734
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
-465
6,535
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-19.49
-79,298
209,702
-%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-98.68
-12,848
152
-%
2023-02-24
NATIXIS
new
-
13,462
13,462
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-1.38
-452
2,548
-%
2023-02-17
Coppell Advisory Solutions Corp.
new
-
254
254
-%

1–10 of 39

Latest Funds Activity

Are funds buying CRON calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CRON
No. of Funds

Cronos Group News

MarketBeat

Short Interest in Cronos Group Inc. (NASDAQ:CRON) Increases By ....

MarketBeat,
5 hours ago

InvestorPlace

InvestorsObserver

InvestorsObserver

InvestorPlace

InvestorsObserver

Schedule 13G FIlings of Cronos Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Dec 19, 2022
altria group, inc.
41%
156,573,537
SC 13D/A
Feb 12, 2020
chesapeake partners management co inc/md
2.58%
8,873,890
SC 13G/A

CRON Fair Value

Cronos Group fair value in different scenarios

The table shows the Fair Value estimates for Cronos Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

1.13

-41.75%

1.15

-40.72%

1.29

-33.51%

1.62

-16.49%

1.78

-8.25%
Current Inflation

1.12

-42.27%

1.13

-41.75%

1.27

-34.54%

1.57

-19.07%

1.72

-11.34%
Very High Inflation

1.10

-43.30%

1.12

-42.27%

1.24

-36.08%

1.50

-22.68%

1.64

-15.46%

Historical Cronos Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Cronos Group

View All Filings
Date Filed Form Type Document
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 17, 2023
4
Insider Trading

Latest Insider Trading transactions for CRON

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Buggy Shannon
sold (taxes)
-10,262
1.99
-5,157
svp, global head of people
2023-03-15
Buggy Shannon
acquired
-
-
13,889
svp, global head of people
2023-03-15
Cortez Carlos S.
sold (taxes)
-8,111
1.99
-4,076
vp, controller
2023-03-15
JACOBSON JEFFREY DAVID
sold (taxes)
-45,519
2.72
-16,735
chief growth officer
2023-03-15
Cortez Carlos S.
acquired
-
-
13,750
vp, controller
2023-03-15
GORENSTEIN MICHAEL RYAN
acquired
-
-
31,361
see remarks below
2023-03-15
GORENSTEIN MICHAEL RYAN
sold (taxes)
-15,195
1.99
-7,636
see remarks below
2023-03-15
Shlimak Anna
sold (taxes)
-17,701
1.99
-8,895
see remarks
2023-03-15
Shlimak Anna
acquired
-
-
30,000
see remarks
2023-03-15
JACOBSON JEFFREY DAVID
acquired
-
-
31,767
chief growth officer

1–10 of 50

Michael R. Gorenstein
630
Cronos Group Inc. operates as a cannabinoid company. 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. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under adult-use brands, Spinach. It also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.

CRON Income Statement

2022-12-31
Consolidated Statements of Net Income (Loss) and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net revenue, before excise taxes$ 114,456,000$ 89,486,000$ 54,353,000
Excise taxes(22,552,000)(15,051,000)(7,634,000)
Net revenue91,904,00074,435,00046,719,000
Cost of sales79,935,00080,008,00046,497,000
Inventory write-down011,961,00026,055,000
Gross profit11,969,000(17,534,000)(25,833,000)
Operating expenses   
Sales and marketing22,282,00044,937,00034,386,000
Research and development13,381,00023,331,00020,366,000
General and administrative71,178,00096,482,00080,569,000
Restructuring costs5,333,00000
Share-based compensation15,115,00010,151,00015,361,000
Depreciation and amortization6,025,0004,484,0002,872,000
Impairment loss on goodwill and indefinite-lived intangible assets0236,056,00040,000,000
Impairment loss on long-lived assets3,493,000127,619,0000
Total operating expenses136,807,000543,060,000193,554,000
Operating loss(124,838,000)(560,594,000)(219,387,000)
Other income (expense)   
Interest income, net22,537,0009,071,00018,415,000
Gain on revaluation of derivative liabilities14,060,000151,360,000129,254,000
Share of income (loss) from equity method investments3,114,000(6,313,000)(4,510,000)
Gain (loss) on revaluation of financial instruments14,739,0008,611,000(9,000)
Impairment loss on other investments(61,392,000)00
Foreign currency transaction loss(2,286,000)00
Gain on disposal of investments004,789,000
Other, net(493,000)730,000(1,825,000)
Total other income (expense)(9,721,000)163,459,000146,114,000
Loss before income taxes(134,559,000)(397,135,000)(73,273,000)
Income tax expense (benefit)34,175,000(431,000)1,347,000
Loss from continuing operations(168,734,000)(396,704,000)(74,620,000)
Loss from discontinued operations0(500,000)(650,000)
Net loss(168,734,000)(397,204,000)(75,270,000)
Net loss attributable to non-controlling interest0(1,097,000)(2,133,000)
Net loss attributable to Cronos Group(168,734,000)(396,107,000)(73,137,000)
Comprehensive income (loss)   
Net loss(168,734,000)(397,204,000)(75,270,000)
Foreign exchange gain (loss) on translation(50,616,000)8,192,00014,951,000
Comprehensive loss(219,350,000)(389,012,000)(60,319,000)
Comprehensive income (loss) attributable to non-controlling interest46,000229,000(2,343,000)
Comprehensive loss attributable to Cronos Group$ (219,396,000)$ (389,241,000)$ (57,976,000)
Net loss from continuing operations per share   
Basic (in dollars per share)$ (0.45)$ (1.07)$ (0.21)
Diluted (in dollars per share)$ (0.45)$ (1.07)$ (0.21)

CRON Balance Sheet

2022-12-31
Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 764,644$ 886,973
Short-term investments113,077117,684
Accounts receivable, net23,11322,067
Other receivables5,7675,765
Current portion of loans receivable, net8,8905,460
Inventory, net37,55932,802
Prepaids and other current assets7,1068,967
Total current assets960,1561,079,718
Equity method investments, net18,75516,764
Other investments70,993118,392
Non-current portion of loans receivable, net72,34580,635
Property, plant and equipment, net60,55774,070
Right-of-use assets2,2738,882
Goodwill1,0331,098
Intangible assets, net26,70418,079
Other193100
Total assets1,213,0091,397,738
Current liabilities  
Accounts payable11,16311,113
Income taxes payable32,956105
Accrued liabilities22,26825,636
Current portion of lease obligation1,3302,711
Derivative liabilities1514,375
Current portion due to non-controlling interests384433
Total current liabilities68,11654,373
Non-current portion due to non-controlling interests1,3831,913
Non-current portion of lease obligation2,5467,095
Deferred income tax liability081
Total liabilities72,04563,462
Shareholders’ equity  
Share capital (authorized for issue as of December 31, 2022 and 2021: unlimited; shares outstanding as of December 31, 2022 and 2021: 380,575,403 and 374,952,693, respectively)611,318595,497
Additional paid-in capital42,68232,465
Retained earnings490,682659,416
Accumulated other comprehensive income (loss)(797)49,865
Total equity attributable to shareholders of Cronos Group1,143,8851,337,243
Non-controlling interests(2,921)(2,967)
Total shareholders’ equity1,140,9641,334,276
Total liabilities and shareholders’ equity$ 1,213,009$ 1,397,738