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CIPHER MINING INC (CIFR) Stock Fundamental Analysis

NASDAQ:CIFR - Nasdaq - US17253J1060 - Common Stock - Currency: USD

4.08  +0.11 (+2.77%)

Premarket: 4.49 +0.41 (+10.05%)

Fundamental Rating

2

CIFR gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 283 industry peers in the Software industry. CIFR may be in some trouble as it scores bad on both profitability and health. CIFR is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

CIFR had negative earnings in the past year.
In the past year CIFR has reported a negative cash flow from operations.
CIFR had negative earnings in 4 of the past 5 years.
In the past 5 years CIFR always reported negative operating cash flow.
CIFR Yearly Net Income VS EBIT VS OCF VS FCFCIFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M

1.2 Ratios

CIFR has a Return On Assets (-5.22%) which is comparable to the rest of the industry.
CIFR has a Return On Equity (-6.55%) which is in line with its industry peers.
Industry RankSector Rank
ROA -5.22%
ROE -6.55%
ROIC N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CIFR Yearly ROA, ROE, ROICCIFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

CIFR has a Gross Margin of 58.77%. This is in the lower half of the industry: CIFR underperforms 63.64% of its industry peers.
CIFR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 58.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CIFR Yearly Profit, Operating, Gross MarginsCIFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

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3

2. Health

2.1 Basic Checks

CIFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CIFR has been increased compared to 1 year ago.
CIFR has a worse debt/assets ratio than last year.
CIFR Yearly Shares OutstandingCIFR Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 100M 200M 300M
CIFR Yearly Total Debt VS Total AssetsCIFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 4.49 indicates that CIFR is not in any danger for bankruptcy at the moment.
CIFR has a better Altman-Z score (4.49) than 64.00% of its industry peers.
A Debt/Equity ratio of 0.06 indicates that CIFR is not too dependend on debt financing.
CIFR has a Debt to Equity ratio (0.06) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 4.49
ROIC/WACCN/A
WACC13.87%
CIFR Yearly LT Debt VS Equity VS FCFCIFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

CIFR has a Current Ratio of 1.28. This is a normal value and indicates that CIFR is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of CIFR (1.28) is worse than 61.45% of its industry peers.
CIFR has a Quick Ratio of 1.28. This is a normal value and indicates that CIFR is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.28, CIFR is not doing good in the industry: 60.36% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
CIFR Yearly Current Assets VS Current LiabilitesCIFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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4

3. Growth

3.1 Past

The earnings per share for CIFR have decreased strongly by -20.00% in the last year.
Looking at the last year, CIFR shows a quite strong growth in Revenue. The Revenue has grown by 19.26% in the last year.
EPS 1Y (TTM)-20%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)19.26%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.75%

3.2 Future

The Earnings Per Share is expected to grow by 73.62% on average over the next years. This is a very strong growth
Based on estimates for the next years, CIFR will show a very strong growth in Revenue. The Revenue will grow by 93.59% on average per year.
EPS Next Y104.25%
EPS Next 2Y73.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year125.57%
Revenue Next 2Y93.59%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

CIFR Yearly Revenue VS EstimatesCIFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M 500M
CIFR Yearly EPS VS EstimatesCIFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 0 0.1 -0.1 -0.2

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1

4. Valuation

4.1 Price/Earnings Ratio

CIFR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 800.00 indicates a quite expensive valuation of CIFR.
Based on the Price/Forward Earnings ratio, CIFR is valued a bit more expensive than the industry average as 63.64% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of CIFR to the average of the S&P500 Index (22.66), we can say CIFR is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 800
CIFR Price Earnings VS Forward Price EarningsCIFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 200 400 600

4.2 Price Multiples

CIFR's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 593.82
CIFR Per share dataCIFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CIFR's earnings are expected to grow with 73.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y73.62%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

CIFR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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CIPHER MINING INC

NASDAQ:CIFR (2/28/2025, 8:00:00 PM)

Premarket: 4.49 +0.41 (+10.05%)

4.08

+0.11 (+2.77%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25 2025-02-25/bmo
Earnings (Next)05-05 2025-05-05/bmo
Inst Owners66.66%
Inst Owner Change124.98%
Ins Owners3.03%
Ins Owner Change14.45%
Market Cap1.43B
Analysts83.53
Price Target8.56 (109.8%)
Short Float %9.95%
Short Ratio2.13
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/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)0.22%
Min EPS beat(2)-219.07%
Max EPS beat(2)219.51%
EPS beat(4)2
Avg EPS beat(4)345.91%
Min EPS beat(4)-219.07%
Max EPS beat(4)1387.18%
EPS beat(8)3
Avg EPS beat(8)174.32%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.08%
Min Revenue beat(2)-19.13%
Max Revenue beat(2)-3.04%
Revenue beat(4)0
Avg Revenue beat(4)-8.72%
Min Revenue beat(4)-19.13%
Max Revenue beat(4)-3.04%
Revenue beat(8)1
Avg Revenue beat(8)-7.53%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.18%
PT rev (3m)8.4%
EPS NQ rev (1m)-46.68%
EPS NQ rev (3m)-161.93%
EPS NY rev (1m)105.77%
EPS NY rev (3m)0%
Revenue NQ rev (1m)1.44%
Revenue NQ rev (3m)2.08%
Revenue NY rev (1m)1.75%
Revenue NY rev (3m)6.96%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 800
P/S 9.47
P/FCF N/A
P/OCF N/A
P/B 2.1
P/tB 2.13
EV/EBITDA 593.82
EPS(TTM)-0.12
EYN/A
EPS(NY)0.01
Fwd EY0.13%
FCF(TTM)-1.12
FCFYN/A
OCF(TTM)-0.25
OCFYN/A
SpS0.43
BVpS1.94
TBVpS1.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.22%
ROE -6.55%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 58.77%
FCFM N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
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-Score1
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Debt/EBITDA 18.81
Cap/Depr 293.04%
Cap/Sales 200.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 4.49
F-Score1
WACC13.87%
ROIC/WACCN/A
Cap/Depr(3y)1862.84%
Cap/Depr(5y)N/A
Cap/Sales(3y)2580.54%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y104.25%
EPS Next 2Y73.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.26%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.75%
Revenue Next Year125.57%
Revenue Next 2Y93.59%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-75.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year328.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-162.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.14%
OCF growth 3YN/A
OCF growth 5YN/A