Stock fact sheet · data as of
Cardiol Therapeutics Inc. (CRDL): fair value, margin of safety and Wheel Score
Healthcare · Drug Manufacturers - Specialty & Generic · Canada · Speculative / Distressed
Is CRDL undervalued?
Cardiol Therapeutics Inc. (CRDL) closed at 1.15 on 16 Oct 2026, 678% above the GLS average fair value of 0.1478. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files CRDL under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CRDL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.1478 | -87% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.1472 | -87% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 8.00 | +596% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Cardiol Therapeutics Inc. scores only 2 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 0.9/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -187.8%, ROE -189.2%, ROA -143.2% - with debt at 0.01 times equity and negative free cash flow.
Cardiol Therapeutics Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -187.8% |
|---|---|---|---|
| GLS Moat | 0.9 / 10 | ROE | -189.2% |
| Debt / equity | 0.01 | ROA | -143.2% |
| Free-cash-flow yield | -12.5% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 21: Weak
With a Wheel Score of 21 Cardiol Therapeutics Inc. sits in the Weak band. The parts - Value 0/25, Health 4/20, Moat 1/15, Premium 5/20, Stability 11/20 - show where: Value (0/25) scores lowest.
Implied volatility is 243%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is 2,271 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 570k shares a day on a market cap of $139M, with a beta of 0.52 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -678% margin of safety | |
| Health | 4 / 20 | Piotroski 2/9 | |
| Moat | 1 / 15 | moat 0.9/10 | |
| Premium | 5 / 20 | implied volatility 243% | |
| Stability | 11 / 20 | 570k shares/day, $139M cap, beta 0.52 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 12 Nov 2026 (before the open), 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Drug Manufacturers - Specialty & Generic
The 12 companies below are the closest to Cardiol Therapeutics Inc. by market cap within the Drug Manufacturers - Specialty & Generic industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ORGO Organogenesis Holdings Inc. | 1.11 | 4.16 | +73% | 45Weak | $143M |
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| CPIX Cumberland Pharmaceuticals Inc. | 7.54 | 22.07 | +66% | 45Weak | $113M |
| BGM BGM Group Ltd. | 8.59 | 6.82 | -26% | 7No options | $109M |
| SIGA SIGA Technologies, Inc. | 3.10 | 8.72 | +64% | 45Weak | $223M |
| AAWH Ascend Wellness Holdings, Inc. | 0.4050 | 4.17 | +90% | 39No options | $82M |
| LFCR Lifecore Biomedical, Inc. | 6.44 | - | - | 45Weak | $244M |
| ACB Aurora Cannabis Inc. | 4.10 | - | - | 45Weak | $260M |
| ZYBT Zhengye Biotechnology Holding Limited | 1.53 | 10.85 | +86% | 36No options | $73M |
| ELTP Elite Pharmaceuticals, Inc. | 0.2500 | 6.20 | +96% | 39No options | $269M |
| CGC Canopy Growth Corporation | 0.7355 | - | - | 37Weak | $311M |
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Start free See the Sunday ScanQuestions about CRDL
Is CRDL undervalued right now?
No: at 1.15 the stock trades 678% above the GLS average fair value of 0.1478 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CRDL and what does it mean?
CRDL scores 21 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CRDL?
0.1478 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Cardiol Therapeutics Inc. report earnings next?
The next earnings report is due on 12 Nov 2026 (before the open), 27 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CRDL have listed options, and how liquid are they?
Yes. The nightly snapshot found 70 listed contracts with 2,271 open interest across all expiries and implied volatility of 243% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.