PLNH Stock Financial Analysis - Planet 13 Holdings Inc. (OTCPK) Stock

Overview

Planet 13 Holdings Inc. is based in the United States and operates primarily within the cannabis industry. The company focuses on cultivating, producing, and distributing cannabis and cannabis-infused products. One of its key projects includes the operation of the "Planet 13 SuperStore," a notably large dispensary located near the Las Vegas Strip, known for its extensive range of cannabis products and on-site consumption options. This flagship project epitomizes the company's innovative approach to creating interactive consumer experiences in the dispensary sector. Additionally, Planet 13 has expanded its footprint by launching another significant retail location in Santa Ana, California, aiming to replicate the success of its Las Vegas model. These strategic expansions underscore its commitment to enhancing direct consumer engagement and increasing its market share in key jurisdictions.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Planet 13 Holdings Inc. as of June 30, 2025 is 117.33 MM.
The operating income for Planet 13 Holdings Inc. as of June 30, 2025 is -23.13 MM.
The net income for Planet 13 Holdings Inc. as of June 30, 2025 is -49.20 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	117.33	-23.13	-49.20
2025-03-31	121.56	-17.19	-43.97
2024-12-31	116.41	-14.24	-47.80
2024-09-30	109.09	-10.11	-35.62
2024-06-30	101.72	-10.87	-74.46
2024-03-31	96.47	-13.49	-71.00
2023-12-31	98.51	-14.25	-73.61
2023-09-30	100.38	-19.61	-106.54
2023-06-30	101.22	-19.65	-66.54
2023-03-31	103.80	-17.96	-63.96
2022-12-31	104.57	-16.01	-59.55
2022-09-30	109.61	-12.69	-20.50
2022-06-30	116.94	-14.39	-16.98
2022-03-31	121.37	-13.13	-20.51
2021-12-31	119.49	-7.83	-22.46
2021-09-30	109.75	-6.67	-34.29
2021-06-30	99.60	3.06	-31.19
2021-03-31	77.51	0.90	-29.61
2020-12-31	70.49	-1.41	-25.01
2020-09-30	66.89	0.85	-7.61
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31	-0.14	-0.14
2024-12-31	-0.16
2024-09-30	-0.13	-0.13
2024-06-30	-0.31	-0.31
2024-03-31	-0.32	-0.32
2023-12-31	-0.33
2023-09-30	-0.48	-0.48
2023-06-30	-0.30	-0.30
2023-03-31	-0.29	-0.29
2022-12-31	-0.27
2022-09-30	-0.10	-0.10
2022-06-30	-0.08	-0.08
2022-03-31	-0.10	-0.10
2021-12-31	-0.12
2021-09-30	-0.18	-0.18
2021-06-30	-0.17	-0.17
2021-03-31	-0.18	-0.18
2020-12-31	-0.16
2020-09-30	-0.05	-0.05
2020-06-30	-0.07	-0.07

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Planet 13 Holdings Inc. as of June 30, 2025 is -4.97 MM.
The cash from investing activities for Planet 13 Holdings Inc. as of June 30, 2025 is -9.98 MM.
The cash from financing activities for Planet 13 Holdings Inc. as of June 30, 2025 is 2.08 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-4.97	-9.98	2.08
2025-03-31	1.45	-3.53	-3.13
2024-12-31	5.21	-3.79	6.73
2024-09-30	5.78	-3.59	6.77
2024-06-30	0.89	-3.07	6.45
2024-03-31	-6.13	-7.62	9.65
2023-12-31	-12.05	-9.19	-0.27
2023-09-30	-18.28	-7.87	0.78
2023-06-30	-15.12	-8.81	0.78
2023-03-31	-15.07	-16.15	1.14
2022-12-31	-6.76	-14.18	1.14
2022-09-30	-2.82	-80.28	0.12
2022-06-30	-8.09	-80.53	0.12
2022-03-31	-6.21	-80.83	3.30
2021-12-31	-3.38	-81.76	64.54
2021-09-30	-12.94	-18.50	102.57
2021-06-30	-5.02	-16.01	133.61
2021-03-31	-2.34	-9.42	137.84
2020-12-31	-3.69	-8.03	77.34
2020-09-30	6.95	-7.53	39.15
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Planet 13 Holdings Inc. as of June 30, 2025 is -4.07.
The p/book for Planet 13 Holdings Inc. as of June 30, 2025 is 1.62.
The p/tbv for Planet 13 Holdings Inc. as of June 30, 2025 is 2.89.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	-4.07	1.62	2.89
2025-03-31		1.59	5.37
2024-12-31		1.19	2.18
2024-09-30	-2.40	1.13	2.04
2024-06-30	-2.52	1.60	1.85
2024-03-31		0.94	1.06
2023-12-31	-1.57	1.09	1.42
2023-09-30	-2.20	0.67	1.10
2023-06-30	-2.20	0.67	1.10
2023-03-31		0.72	1.37
2022-12-31	-7.81	0.53	0.94
2022-09-30	-7.81	0.53	0.94
2022-06-30	-10.10	0.52	0.94
2022-03-31	-7.80	0.52	0.94
2021-12-31	-5.62	0.63	0.99
2021-09-30	-7.06	0.58	0.61
2021-06-30	-16.57	0.57	0.59
2021-03-31	-17.66	0.59	0.61
2020-12-31	-12.59	0.83	0.88
2020-09-30	-7.99	0.71	0.76
2020-06-30	-8.86	1.69	1.90

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Planet 13 Holdings Inc. as of June 30, 2025 is -0.20.
The ebit (3y)/ev for Planet 13 Holdings Inc. as of June 30, 2025 is -0.28.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.20	-0.28
2025-03-31	-0.22	-0.28
2024-12-31	-0.13	-0.25
2024-09-30	-0.38	-0.31
2024-06-30	-0.37	-0.22
2024-03-31	-0.53	-0.31
2023-12-31	-0.76	-0.28
2023-09-30	-0.57	-0.17
2023-06-30	-0.57	-0.17
2023-03-31	-0.49	-0.16
2022-12-31	-0.05	-0.04
2022-09-30	-0.05	-0.04
2022-06-30	0.01	0.01
2022-03-31	-0.04	0.00
2021-12-31	-0.12	-0.04
2021-09-30	-0.10	-0.05
2021-06-30	-0.16	0.01
2021-03-31	-0.06	0.06
2020-12-31	-0.04	-0.13
2020-09-30	-0.11	-0.23
2020-06-30	-0.06	-0.04

Management Effectiveness

The roa for Planet 13 Holdings Inc. as of June 30, 2025 is -0.18.
The roe for Planet 13 Holdings Inc. as of June 30, 2025 is -0.28.
The roic for Planet 13 Holdings Inc. as of June 30, 2025 is -0.26.
The croic for Planet 13 Holdings Inc. as of June 30, 2025 is -0.03.
The ocroic for Planet 13 Holdings Inc. as of June 30, 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.18	-0.28	-0.26	-0.03	0.01
2025-03-31	-0.30	-0.43	-0.28	0.05	0.03
2024-12-31	-0.23	-0.26	-0.17	0.04	0.03
2024-09-30	-0.42	-0.54	-0.34	0.02	0.00
2024-06-30	-0.31	-0.38	-0.51	-0.03	-0.04
2024-03-31	-0.32	-0.39	-0.45	-0.13	-0.07
2023-12-31	-0.36	-0.42	-0.58	-0.09	-0.04
2023-09-30	-0.21	-0.24	-0.26	-0.06	-0.02
2023-06-30	-0.21	-0.24	-0.26	-0.06	-0.02
2023-03-31	-0.19	-0.23	-0.25	-0.09	-0.02
2022-12-31	-0.07	-0.08	-0.06	-0.31	0.01
2022-09-30	-0.07	-0.08	-0.06	-0.31	0.01
2022-06-30	-0.05	-0.06	-0.05	-0.32	-0.01
2022-03-31	-0.07	-0.08	-0.06	-0.31	-0.00
2021-12-31	-0.13	-0.16	-0.10	-0.09	-0.00
2021-09-30	-0.12	-0.18	-0.07	0.08	-0.04
2021-06-30	-0.08	-0.13	-0.03	0.53	-0.01
2021-03-31	-0.09	-0.15	-0.03	0.61	0.00
2020-12-31	-0.13	-0.19	-0.06	0.46	-0.01
2020-09-30	-0.11	-0.19	-0.07	0.36	0.06
2020-06-30	-0.15	-0.24	-0.14	0.04	0.12

Gross Margins

The gross margin for Planet 13 Holdings Inc. as of June 30, 2025 is 0.47.
The net margin for Planet 13 Holdings Inc. as of June 30, 2025 is -0.36.
The operating margin for Planet 13 Holdings Inc. as of June 30, 2025 is -0.14.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.47	-0.36	-0.14
2025-03-31	0.48	-0.41	-0.12
2024-12-31	0.50	-0.33	-0.09
2024-09-30	0.48	-0.73	-0.11
2024-06-30	0.46	-0.74	-0.14
2024-03-31	0.45	-0.75	-0.03
2023-12-31	0.44	-0.95	-0.20
2023-09-30	0.43	-0.55	-0.19
2023-06-30	0.43	-0.55	-0.19
2023-03-31	0.44	-0.51	-0.17
2022-12-31	0.49	-0.14	-0.13
2022-09-30	0.49	-0.14	-0.13
2022-06-30	0.52	-0.10	-0.13
2022-03-31	0.54	-0.13	-0.12
2021-12-31	0.55	-0.16	-0.07
2021-09-30	0.53	-0.14	-0.03
2021-06-30	0.53	-0.07	0.06
2021-03-31	0.51	-0.08	0.05
2020-12-31	0.50	-0.11	0.01
2020-09-30	0.53	-0.11	0.01
2020-06-30	0.54	-0.16	-0.04