Canopy Growth vs Planet 13 Which Is More Attractive?

Canopy Growth and Planet 13 are two prominent players in the rapidly growing cannabis industry. Canopy Growth, a Canadian-based company, is one of the largest producers of cannabis products globally. On the other hand, Planet 13, based in Nevada, is known for operating one of the largest cannabis dispensaries in the world. Both companies have been experiencing significant growth in the past few years as the legal cannabis market expands. Investors are closely watching to see how these two stocks will perform in the competitive industry.

Canopy Growth or Planet 13?

When comparing Canopy Growth and Planet 13, different investors may prioritize various metrics based on their investment strategies and goals. So, ask yourself what type of investor you are. This will guide you in determining which metrics are most important for your investment decision between Canopy Growth and Planet 13.

Dividend Investors:

Dividend investors look for stable and growing income streams, using dividend metrics to assess potential investments. A company's dividend yield essentially measures the size of its dividend relative to the total market value of the company. Canopy Growth has a dividend yield of -%, while Planet 13 has a dividend yield of -%. Beyond the yield itself, considering the growth and sustainability of these dividends is also crucial. Canopy Growth reports a 5-year dividend growth of 0.00% year and a payout ratio of 0.00%. On the other hand, Planet 13 reports a 5-year dividend growth of 0.00% year and a payout ratio of 0.00%.

Value Investors:

Value investors focus on financial metrics to determine a stock's intrinsic value compared to its market value. The Price-to-Earnings (P/E) Ratio links stock price to a company's earnings per share, with Canopy Growth P/E ratio at -0.68 and Planet 13's P/E ratio at -3.46. Another crucial valuation metric is the Price-to-Book (P/B) Ratio, which compares stock price with book value per share. Canopy Growth P/B ratio is 0.75 while Planet 13's P/B ratio is 0.83.

Growth Investors:

Growth investors prioritize metrics indicative of a company's expansion potential. Focusing on top-line growth, Canopy Growth has seen a 5-year revenue growth of 3.36%, while Planet 13's is 1.01%. Return on Equity (ROE) measures how effectively a company uses equity investment to generate earnings, with Canopy Growth's ROE at -108.18% and Planet 13's ROE at -27.29%.

Retail Investors:

Retail investors often consider stock affordability and company familiarity. For example, day low prices are $3.05 for Canopy Growth and $0.35 for Planet 13. Over the past year, Canopy Growth's prices ranged from $2.75 to $14.92, with a yearly change of 441.56%. Planet 13's prices fluctuated between $0.32 and $0.92, with a yearly change of 192.06%. Brand recognition also plays a role, as familiarity with a company can influence investment decisions.