WallStSmart

Splash Beverage Group Inc (SBEV)vsSNDL Inc. (SNDL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SNDL Inc. generates 92304% more annual revenue ($946.40M vs $1.02M). SBEV leads profitability with a 0.0% profit margin vs -1.7%. SNDL earns a higher WallStSmart Score of 35/100 (F).

SBEV

Avoid

30

out of 100

Grade: F

Growth: 2.7Profit: 2.5Value: 5.0Quality: 4.5
Piotroski: 2/9Altman Z: -104.75

SNDL

Avoid

35

out of 100

Grade: F

Growth: 4.0Profit: 2.5Value: 5.0Quality: 8.5
Piotroski: 4/9Altman Z: 2.80

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SBEV2 strengths · Avg: 10.0/10
Price/BookValuation
0.1x10/10

Reasonable price relative to book value

Debt/EquityHealth
-0.6710/10

Conservative balance sheet, low leverage

SNDL2 strengths · Avg: 9.5/10
Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Areas to Watch

SBEV4 concerns · Avg: 3.3/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$1.27M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

SNDL4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$352.52M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
4.1%3/10

Operating margin of 4.1%

Return on EquityProfitability
-1.4%2/10

ROE of -1.4% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : SBEV

The strongest argument for SBEV centers on Price/Book, Debt/Equity.

Bull Case : SNDL

The strongest argument for SNDL centers on Price/Book, Debt/Equity.

Bear Case : SBEV

The primary concerns for SBEV are EPS Growth, Market Cap, Profit Margin.

Bear Case : SNDL

The primary concerns for SNDL are EPS Growth, Market Cap, Operating Margin.

Key Dynamics to Monitor

SBEV profiles as a value stock while SNDL is a turnaround play — different risk/reward profiles.

SNDL carries more volatility with a beta of 0.77 — expect wider price swings.

SNDL is growing revenue faster at -2.0% — sustainability is the question.

SNDL generates stronger free cash flow (21M), providing more financial flexibility.

Bottom Line

SNDL scores higher overall (35/100 vs 30/100). Both earn "Avoid" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Splash Beverage Group Inc

CONSUMER DEFENSIVE · BEVERAGES - WINERIES & DISTILLERIES · USA

Splash Beverage Group, Inc. produces, distributes and markets various beverages in the United States. The company is headquartered in Fort Lauderdale, Florida.

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SNDL Inc.

CONSUMER DEFENSIVE · BEVERAGES - WINERIES & DISTILLERIES · USA

Sundial Growers Inc. is dedicated to the production and marketing of cannabis products for the adult use market in Canada. The company is headquartered in Calgary, Canada.

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