BITFARMS LTD/CANADA (BITF.CA)
CA09173B1076 - Common Stock
Taking everything into account, BITF scores 4 out of 10 in our fundamental rating. BITF was compared to 69 industry peers in the Software industry. While BITF seems to be doing ok healthwise, there are quite some concerns on its profitability. BITF is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year BITF has reported negative net income.
BITF had a positive operating cash flow in the past year.
BITF had negative earnings in 4 of the past 5 years.
In multiple years BITF reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of -21.58%, BITF is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
BITF has a Return On Equity (-24.73%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -21.58% | ||
| ROE | -24.73% | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for BITF so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
BITF does not have a ROIC to compare to the WACC, probably because it is not profitable.
BITF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 5.40 indicates that BITF is not in any danger for bankruptcy at the moment.
BITF has a Altman-Z score of 5.40. This is in the better half of the industry: BITF outperforms 75.00% of its industry peers.
BITF has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.04, BITF is doing good in the industry, outperforming 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.4 |
ROIC/WACCN/A
WACC10.55%
2.3 Liquidity
A Current Ratio of 3.70 indicates that BITF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.70, BITF belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
A Quick Ratio of 3.68 indicates that BITF has no problem at all paying its short term obligations.
BITF has a better Quick ratio (3.68) than 83.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.7 | ||
| Quick Ratio | 3.68 |
3. Growth
3.1 Past
The earnings per share for BITF have decreased strongly by -62.98% in the last year.
BITF shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.88%.
Measured over the past years, BITF shows a very strong growth in Revenue. The Revenue has been growing by 34.06% on average per year.
EPS 1Y (TTM)-62.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-14.16%
Revenue 1Y (TTM)43.88%
Revenue growth 3Y61.57%
Revenue growth 5Y34.06%
Sales Q2Q%29.65%
3.2 Future
The Earnings Per Share is expected to grow by 52.86% on average over the next years. This is a very strong growth
Based on estimates for the next years, BITF will show a very strong growth in Revenue. The Revenue will grow by 40.26% on average per year.
EPS Next Y66.1%
EPS Next 2Y52.26%
EPS Next 3Y52.86%
EPS Next 5YN/A
Revenue Next Year99.77%
Revenue Next 2Y99.48%
Revenue Next 3Y84.6%
Revenue Next 5Y40.26%
3.3 Evolution
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BITF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
BITF is valuated correctly with a Price/Forward Earnings ratio of 15.40.
BITF's Price/Forward Earnings ratio is rather cheap when compared to the industry. BITF is cheaper than 88.24% of the companies in the same industry.
BITF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BITF indicates a somewhat cheap valuation: BITF is cheaper than 66.18% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.68 |
4.3 Compensation for Growth
BITF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BITF's earnings are expected to grow with 52.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.26%
EPS Next 3Y52.86%
5. Dividend
5.1 Amount
BITF does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BITFARMS LTD/CANADA
TSX:BITF (12/27/2024, 7:00:00 PM)
2.34
-0.11 (-4.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners20.22%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap1.06B
Analysts84
Price Target6.04 (158.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)11.3%
Min EPS beat(2)-12.04%
Max EPS beat(2)34.64%
EPS beat(4)1
Avg EPS beat(4)-188.1%
Min EPS beat(4)-744.07%
Max EPS beat(4)34.64%
EPS beat(8)3
Avg EPS beat(8)-94.66%
EPS beat(12)3
Avg EPS beat(12)-385.14%
EPS beat(16)5
Avg EPS beat(16)-310.42%
Revenue beat(2)0
Avg Revenue beat(2)-12.67%
Min Revenue beat(2)-13.39%
Max Revenue beat(2)-11.96%
Revenue beat(4)2
Avg Revenue beat(4)6.22%
Min Revenue beat(4)-13.39%
Max Revenue beat(4)47.78%
Revenue beat(8)6
Avg Revenue beat(8)12.68%
Revenue beat(12)6
Avg Revenue beat(12)5.52%
Revenue beat(16)9
Avg Revenue beat(16)9.52%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-300%
EPS NY rev (1m)0%
EPS NY rev (3m)-29.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-30.83%
Revenue NY rev (1m)-7.13%
Revenue NY rev (3m)-14.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.4 | ||
| P/S | 4.02 | ||
| P/FCF | N/A | ||
| P/OCF | 26.56 | ||
| P/B | 1.44 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 17.68 |
EPS(TTM)-0.52
EYN/A
EPS(NY)0.15
Fwd EY6.49%
FCF(TTM)-0.83
FCFYN/A
OCF(TTM)0.09
OCFY3.76%
SpS0.58
BVpS1.63
TBVpS1.62
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -21.58% | ||
| ROE | -24.73% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 209.44% | ||
| Cap/Sales | 158.17% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 67.89% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.7 | ||
| Quick Ratio | 3.68 | ||
| Altman-Z | 5.4 |
F-Score5
WACC10.55%
ROIC/WACCN/A
Cap/Depr(3y)380.97%
Cap/Depr(5y)305.89%
Cap/Sales(3y)99.88%
Cap/Sales(5y)77.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-62.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-14.16%
EPS Next Y66.1%
EPS Next 2Y52.26%
EPS Next 3Y52.86%
EPS Next 5YN/A
Revenue 1Y (TTM)43.88%
Revenue growth 3Y61.57%
Revenue growth 5Y34.06%
Sales Q2Q%29.65%
Revenue Next Year99.77%
Revenue Next 2Y99.48%
Revenue Next 3Y84.6%
Revenue Next 5Y40.26%
EBIT growth 1Y-33.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year250.77%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-9.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y491.21%
OCF growth 3Y48.38%
OCF growth 5Y11.39%