Risk factor
Considerable default risk
Profitability factor
Greatly overvalued vs peers
About
Zoetic International Plc, a vertically integrated CBD company, produces and sells CBD in the United States and the United Kingdom. The company also holds a 7.5% carried working interest in the Colorado Shale, which comprises eight wells located in East Denver. In addition, it holds interest in the Kansas Nitrogen; Enhanced Oil Recovery and Highlands Water Resources projects; and Montana project, a natural gas and helium deposit covering an area of approximately 154,072 acres in south Eastern Montana. The company was formerly known as Highlands Natural Resources plc and changed its name to Zoetic International Plc in September 2019. Zoetic International Plc was founded in 2014 and is headquartered in London, the United Kingdom.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB