Veritas Farms, Inc.

Moat Score

Market Cap $28.87K
PE -0
Debt $6.15M
Cash $58.79K
EV $6.12M
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$6.15M
EBIT	-$5.05M
ROE	-3K%
ROA	-61%
Equity	$207.46K
Growth Stability	1
PE	-0
PB	0.14
P/S	0.04
Price/Cash	2.04
Debt/Equity	29.63
Net Margins	-613%
Gross Margins	-220%
Op. Margins	-692%
Sales Growth YoY	31%
Sales Growth QoQ	39%
Sales CAGR	-10%
Equity CAGR	5%
Earnings Growth YoY	14%
Earnings Growth QoQ	-19%

Sales CAGR 5Y	-33%
Equity CAGR 5Y	-23%
Earnings CAGR 3Y	-58%
Sales CAGR 3Y	-58%
Equity CAGR 3Y	-39%
Market Cap	$28.87K
Revenue	$730.65K
Assets	$8.32M
Total Debt	$6.15M
Cash	$58.79K
Shares Outstanding	57.75M
EV	6.12M
Moat Score	0%
Working Capital	-1.55M
Current Ratio	0.65
Gross Profit	-$1.61M
Shares Growth 3y	3%
Equity Growth QoQ	-115%
Equity Growth YoY	-88%

Assets & ROA

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Stockholders Equity & ROE

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Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.

SEC Filings

Direct access to Veritas Farms, Inc. (VFRM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2023
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2021
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

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Peter Lynch's Chart

This chart shows the current pricing of Veritas Farms, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Veritas Farms, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Veritas Farms, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	01/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Net Margins	-	-2K%	-220%	-184%	-153%	-122%	-236%	-521%	-613%
ROA	-	-	-	-55%	-78%	-60%	-82%	-76%	-61%
ROE	-	-34%	-79%	-63%	-91%	-99%	-151%	914%	-3K%

Bad Net Margins (-613.35%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	01/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Debt over FCF	-	-	-	-0.06	-0.02	-0.66	-0.43	-1.23	-
Debt over Equity	-	0.26	0.39	0.05	0.03	0.26	0.43	-7.92	29.63
Growth Stability	-	-	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (29.63)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	01/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	CAGR 5Y
Revenue YoY growth	-	-	1K%	87%	251%	-15%	-51%	-66%	-33%
Earnings YoY growth	-	22K%	68%	56%	191%	-32%	-4%	-24%	-
Equity YoY growth	-	-7K%	-28%	96%	101%	-37%	-37%	-113%	-23%
FCF YoY growth	-	-	-45%	105%	187%	-78%	58%	-19%	-