Analyzing Greenlane (GNLN) and Its Peers

Greenlane (NASDAQ:GNLN) is one of 69 public companies in the “FOOD – MISC/DIVERSIFIED” industry, but how does it compare to its peers? We will compare Greenlane to similar companies based on the strength of its analyst recommendations, institutional ownership, risk, profitability, dividends, earnings and valuation.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Greenlane and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenlane	1	0	0	0	1.00
Greenlane Competitors	841	3678	3935	168	2.40

As a group, “FOOD – MISC/DIVERSIFIED” companies have a potential upside of 26.70%. Given Greenlane’s peers stronger consensus rating and higher possible upside, analysts clearly believe Greenlane has less favorable growth aspects than its peers.

Profitability

This table compares Greenlane and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenlane	-532.82%	-164.19%	-85.38%
Greenlane Competitors	-12.29%	-18.73%	0.28%

Insider and Institutional Ownership

14.0% of Greenlane shares are held by institutional investors. Comparatively, 54.9% of shares of all “FOOD – MISC/DIVERSIFIED” companies are held by institutional investors. 0.2% of Greenlane shares are held by insiders. Comparatively, 15.1% of shares of all “FOOD – MISC/DIVERSIFIED” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Earnings & Valuation

This table compares Greenlane and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Greenlane	$13.27 million	-$17.64 million	-0.01
Greenlane Competitors	$9.00 billion	$395.89 million	45.92

Greenlane’s peers have higher revenue and earnings than Greenlane. Greenlane is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Risk and Volatility

Greenlane has a beta of 1.75, suggesting that its share price is 75% more volatile than the S&P 500. Comparatively, Greenlane’s peers have a beta of 0.80, suggesting that their average share price is 20% less volatile than the S&P 500.

Summary

Greenlane peers beat Greenlane on 12 of the 13 factors compared.

Greenlane Company Profile

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise. It offers its products under the Groove, Eyce, DaVinci, Higher Standards, Pollen Gear, Marley Natural, and Keith Haring brands. The company also operates e-commerce websites, such as Vapor.com, Vaposhop.com, DaVinciVaporizer.com, PuffItUp.com, HigherStandards.com, EyceMolds.com, and MarleyNaturalShop.com. It serves customers through smoke shops, cannabis dispensaries, and specialty retailers. The company was founded in 2005 and is headquartered in Boca Raton, Florida.