HIGH TIDE INC (HITI.CA) Stock Fundamental Analysis

Canada • TSX Venture Exchange • TSX-V:HITI • CA42981E4013

3.04 CAD

-0.25 (-7.6%)

Last: Jan 30, 2026, 07:00 PM

Fundamental Rating

Taking everything into account, HITI scores 4 out of 10 in our fundamental rating. HITI was compared to 34 industry peers in the Pharmaceuticals industry. The financial health of HITI is average, but there are quite some concerns on its profitability. While showing a medium growth rate, HITI is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

HITI had negative earnings in the past year.
In the past year HITI had a positive cash flow from operations.
HITI had negative earnings in each of the past 5 years.
In multiple years HITI reported negative operating cash flow during the last 5 years.

1.2 Ratios

HITI's Return On Assets of -3.76% is fine compared to the rest of the industry. HITI outperforms 64.71% of its industry peers.
Looking at the Return On Equity, with a value of -6.93%, HITI is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
HITI's Return On Invested Capital of 4.61% is fine compared to the rest of the industry. HITI outperforms 76.47% of its industry peers.

		Industry Rank	Sector Rank
ROA	-3.76%
ROE	-6.93%
ROIC	4.61%

ROA(3y)-14.91%

ROA(5y)-13.84%

ROE(3y)-26.27%

ROE(5y)-34.31%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

HITI has a Operating Margin of 2.30%. This is in the better half of the industry: HITI outperforms 70.59% of its industry peers.
Looking at the Gross Margin, with a value of 25.83%, HITI is doing worse than 64.71% of the companies in the same industry.
HITI's Gross Margin has declined in the last couple of years.

		Industry Rank	Sector Rank
OM	2.3%
PM (TTM)	N/A
GM	25.83%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-8.25%

GM growth 5Y-5.48%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HITI is destroying value.
HITI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

HITI has an Altman-Z score of 2.89. This is not the best score and indicates that HITI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.89, HITI belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
The Debt to FCF ratio of HITI is 4.08, which is a neutral value as it means it would take HITI, 4.08 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.08, HITI belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
HITI has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
HITI has a Debt to Equity ratio of 0.43. This is comparable to the rest of the industry: HITI outperforms 44.12% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.43
Debt/FCF	4.08
Altman-Z	2.89

ROIC/WACC0.56

WACC8.28%

2.3 Liquidity

A Current Ratio of 1.85 indicates that HITI should not have too much problems paying its short term obligations.
HITI has a Current ratio (1.85) which is in line with its industry peers.
A Quick Ratio of 1.29 indicates that HITI should not have too much problems paying its short term obligations.
HITI has a Quick ratio (1.29) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Current Ratio	1.85
Quick Ratio	1.29

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 26.18% over the past year.
The Revenue has been growing slightly by 7.10% in the past year.
Measured over the past years, HITI shows a very strong growth in Revenue. The Revenue has been growing by 75.59% on average per year.

EPS 1Y (TTM)26.18%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%119.28%

Revenue 1Y (TTM)7.1%

Revenue growth 3Y42.34%

Revenue growth 5Y75.59%

Sales Q2Q%14.82%

3.2 Future

Based on estimates for the next years, HITI will show a very strong growth in Earnings Per Share. The EPS will grow by 74.44% on average per year.
Based on estimates for the next years, HITI will show a quite strong growth in Revenue. The Revenue will grow by 14.75% on average per year.

EPS Next Y3.81%

EPS Next 2Y102.88%

EPS Next 3Y96.71%

EPS Next 5Y74.44%

Revenue Next Year13.63%

Revenue Next 2Y21.39%

Revenue Next 3Y17.79%

Revenue Next 5Y14.75%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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4. Valuation

4.1 Price/Earnings Ratio

HITI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
HITI is valuated rather expensively with a Price/Forward Earnings ratio of 22.80.
67.65% of the companies in the same industry are more expensive than HITI, based on the Price/Forward Earnings ratio.
HITI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.57.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	22.8

4.2 Price Multiples

70.59% of the companies in the same industry are more expensive than HITI, based on the Enterprise Value to EBITDA ratio.
70.59% of the companies in the same industry are more expensive than HITI, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	13.46
EV/EBITDA	8.37

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HITI does not grow enough to justify the current Price/Earnings ratio.
HITI's earnings are expected to grow with 96.71% in the coming years. This may justify a more expensive valuation.