TerrAscend Corp. (TSNDF) intrinsic value & 10-year financials
TerrAscend Corp. (TSNDF) has a Graham intrinsic value of $0.32 per share. At $0.47 on Oct 17, 2026, the stock trades 47% above that value. Over the last 7 fiscal years revenue grew 14.5% a year to $260.6M, with an average return on invested capital of 3.9%.
- Graham intrinsic value
- $0.32
- Share price (Oct 17, 2026)
- $0.47
- Price vs Graham value
- 47% above
- Market cap
- $142.3M
- Revenue (FY2025)
- $260.6M
- Revenue growth (7-yr CAGR)
- 14.5%
- ROIC (10-yr avg)
- 3.9%
- Free cash flow (FY2025)
- $12.9M
TSNDF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $260.6M | -$81.3M | -$0.29 | $12.9M | 16.1% | 11.8% |
| FY2024 | $306.7M | -$72.7M | -$0.28 | $28.6M | -5.6% | -3.4% |
| FY2023 | $317.3M | -$86.7M | -$0.35 | $19.7M | -7.2% | -3.9% |
| FY2022 | $247.8M | -$325.4M | -$1.35 | -$65.8M | -135.5% | -86.4% |
| FY2021 | $194.2M | $6.1M | $0.01 | -$71.7M | 11.8% | 6.4% |
| FY2020 | $132.2M | -$142.3M | -$1.03 | -$80.8M | 15.6% | 99.2% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TerrAscend Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
TerrAscend Corp. has historically struggled to out-earn its cost of capital, averaging just 3.9% ROIC.
TerrAscend Corp. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TerrAscend Corp. is modeled at 14.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.32 per share.