BITFARMS LTD/CANADA (BITF)
CA09173B1076 - Common Stock
We assign a fundamental rating of 4 out of 10 to BITF. BITF was compared to 280 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 is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
BITF had negative earnings in the past year.
BITF had a positive operating cash flow in the past year.
BITF had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BITF reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of BITF (-21.58%) is worse than 72.04% of its industry peers.
The Return On Equity of BITF (-24.73%) is comparable to the rest of the industry.
| 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.
There is no outstanding debt for BITF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 5.33 indicates that BITF is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.33, BITF is in the better half of the industry, outperforming 63.80% of the companies in the same industry.
BITF has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
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 | 5.33 |
ROIC/WACCN/A
WACC10.59%
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 81.00% of its industry peers.
BITF has a Quick Ratio of 3.68. This indicates that BITF is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.68, BITF belongs to the best of the industry, outperforming 81.00% of the companies in the same industry.
| 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.
The Revenue has grown by 43.88% in the past year. This is a very strong growth!
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
The Revenue is expected to grow by 40.26% on average over the next years. This is a very strong growth
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
BITF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 15.09, BITF is valued correctly.
Based on the Price/Forward Earnings ratio, BITF is valued cheaper than 85.30% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, BITF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BITF is valued cheaper than 85.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.47 |
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
NASDAQ:BITF (12/23/2024, 8:00:01 PM)
After market: 1.62 +0.03 (+1.89%)1.59
-0.09 (-5.36%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners20.22%
Inst Owner Change0.7%
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap720.17M
Analysts84
Price Target4.19 (163.52%)
Short Float %12.44%
Short Ratio1.07
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)-3.28%
PT rev (3m)-6.77%
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 | 15.09 | ||
| P/S | 3.94 | ||
| P/FCF | N/A | ||
| P/OCF | 26.02 | ||
| P/B | 1.41 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 17.47 |
EPS(TTM)-0.36
EYN/A
EPS(NY)0.11
Fwd EY6.63%
FCF(TTM)-0.58
FCFYN/A
OCF(TTM)0.06
OCFY3.84%
SpS0.4
BVpS1.13
TBVpS1.12
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 | 5.33 |
F-Score5
WACC10.59%
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%