BITFARMS LTD/CANADA (BITF)
CA09173B1076 - Common Stock
BITF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 279 industry peers in the Software industry. BITF scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BITF shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
BITF had negative earnings in the past year.
In the past year BITF had a positive cash flow from operations.
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
The Return On Assets of BITF (-21.58%) is worse than 72.04% of its industry peers.
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 7.12 indicates that BITF is not in any danger for bankruptcy at the moment.
The Altman-Z score of BITF (7.12) is better than 73.48% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that BITF is not too dependend on debt financing.
BITF has a Debt to Equity ratio (0.04) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 7.12 |
ROIC/WACCN/A
WACC10.64%
2.3 Liquidity
BITF has a Current Ratio of 3.70. This indicates that BITF is financially healthy and has no problem in meeting its short term obligations.
BITF has a Current ratio of 3.70. This is amongst the best in the industry. BITF outperforms 80.29% of its industry peers.
A Quick Ratio of 3.68 indicates that BITF has no problem at all paying its short term obligations.
BITF has a Quick ratio of 3.68. This is amongst the best in the industry. BITF outperforms 80.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.7 | ||
| Quick Ratio | 3.68 |
3. Growth
3.1 Past
BITF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -67.50%.
Looking at the last year, BITF shows a very strong growth in Revenue. The Revenue has grown by 43.88%.
The Revenue has been growing by 34.06% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-67.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-28.42%
Revenue 1Y (TTM)43.88%
Revenue growth 3Y61.57%
Revenue growth 5Y34.06%
Sales Q2Q%29.64%
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
BITF is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 40.26% yearly.
EPS Next Y66.1%
EPS Next 2Y52.26%
EPS Next 3Y52.86%
EPS Next 5YN/A
Revenue Next Year115.1%
Revenue Next 2Y118.23%
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
The Price/Earnings Ratio is negative for BITF. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 19.45 indicates a rather expensive valuation of BITF.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BITF indicates a somewhat cheap valuation: BITF is cheaper than 78.49% of the companies listed in the same industry.
BITF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BITF is valued a bit cheaper than the industry average as 79.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.94 |
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.
A more expensive valuation may be justified as BITF's earnings are expected to grow with 52.86% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.26%
EPS Next 3Y52.86%
5. Dividend
5.1 Amount
No dividends for BITF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BITFARMS LTD/CANADA
NASDAQ:BITF (11/21/2024, 8:15:09 PM)
After market: 2.06 +0.01 (+0.49%)2.05
-0.12 (-5.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap929.69M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 19.45 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -21.58% | ||
| ROE | -24.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.7 | ||
| Quick Ratio | 3.68 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-67.5%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y66.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)43.88%
Revenue growth 3Y61.57%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y