Discounted Cash Flow

Canopy Growth Corp.

CGC · Based on 10 years of SEC filings · Converted from CAD to USD

⚠ Cash flow predictability 49/100 (moderate) — FCF YoY std dev 55%, net income 76% (full history)

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $28.9m $-36.2k $-40.9m -0.1% $-0.06
2018 $56.4m (95.4%) $-1.1m (-2846.0%) $-1.1m (97.4%) -1.9% (-1407.8%) $-0.40 (-566.7%)
2019 $163.8m (190.4%) $-496.1m (-46433.5%) $-843.2m (-78988.0%) -302.8% (-15925.3%) $-2.57 (-542.5%)
2020 $288.6m (76.2%) $-956.3m (-92.8%) $-1.1b (-26.8%) -331.3% (-9.4%) $-3.80 (-47.9%)
2021 $395.7m (37.1%) $-1.3b (-32.1%) $-456.1m (57.3%) -319.2% (3.7%)
2022 $376.6m (-4.8%) $-218.7m (82.7%) $-421.6m (7.6%) -58.1% (81.8%)
2023 $291.6m (-22.6%) $-2.4b (-984.8%) $-410.2m (2.7%) -813.6% (-1301.0%) $-7.07
2024 $215.1m (-26.2%) $-475.7m (80.0%) $-206.6m (49.6%) -221.2% (72.8%) $-8.79 (-24.3%)
2025 $194.7m (-9.5%) $-432.9m (9.0%) $-127.8m (38.1%) -222.4% (-0.5%) $-5.56 (36.7%)
2026 $206.0m (5.8%) $-190.3m (56.0%) $-50.0m (60.8%) -92.4% (58.5%) $-0.88 (84.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.