BITFARMS LTD/CANADA (BITF.CA) Fundamental Analysis & Valuation

TSX:BITF • CA09173B1076

3.07 CAD
+0.35 (+12.87%)
Last: Mar 4, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BITF.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, BITF scores 3 out of 10 in our fundamental rating. BITF was compared to 70 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 quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. BITF.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BITF has reported negative net income.
  • In the past year BITF has reported a negative cash flow from operations.
  • In the past 5 years BITF reported 4 times negative net income.
  • In multiple years BITF reported negative operating cash flow during the last 5 years.
BITF.CA Yearly Net Income VS EBIT VS OCF VS FCFBITF.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

  • The Return On Assets of BITF (-16.26%) is worse than 61.43% of its industry peers.
  • BITF has a Return On Equity of -21.32%. This is comparable to the rest of the industry: BITF outperforms 48.57% of its industry peers.
Industry RankSector Rank
ROA -16.26%
ROE -21.32%
ROIC N/A
ROA(3y)-35.51%
ROA(5y)-26.79%
ROE(3y)-46.46%
ROE(5y)-47.92%
ROIC(3y)N/A
ROIC(5y)N/A
BITF.CA Yearly ROA, ROE, ROICBITF.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

1.3 Margins

  • BITF does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector 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
BITF.CA Yearly Profit, Operating, Gross MarginsBITF.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. BITF.CA Health Analysis

2.1 Basic Checks

  • BITF does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BITF has more shares outstanding than it did 1 year ago.
  • BITF has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BITF has an improved debt to assets ratio.
BITF.CA Yearly Shares OutstandingBITF.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
BITF.CA Yearly Total Debt VS Total AssetsBITF.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 3.87 indicates that BITF is not in any danger for bankruptcy at the moment.
  • BITF's Altman-Z score of 3.87 is fine compared to the rest of the industry. BITF outperforms 70.00% of its industry peers.
  • BITF has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • BITF has a better Debt to Equity ratio (0.11) than 61.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 3.87
ROIC/WACCN/A
WACC10.29%
BITF.CA Yearly LT Debt VS Equity VS FCFBITF.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M -400M 600M

2.3 Liquidity

  • A Current Ratio of 3.20 indicates that BITF has no problem at all paying its short term obligations.
  • BITF's Current ratio of 3.20 is fine compared to the rest of the industry. BITF outperforms 80.00% of its industry peers.
  • A Quick Ratio of 3.14 indicates that BITF has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 3.14, BITF is doing good in the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.2
Quick Ratio 3.14
BITF.CA Yearly Current Assets VS Current LiabilitesBITF.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. BITF.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 58.37% over the past year.
  • BITF shows a strong growth in Revenue. In the last year, the Revenue has grown by 47.60%.
  • The Revenue has been growing by 42.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)58.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-62.5%
Revenue 1Y (TTM)47.6%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%

3.2 Future

  • BITF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.53% yearly.
  • The Revenue is expected to grow by 35.37% on average over the next years. This is a very strong growth
EPS Next Y-125.81%
EPS Next 2Y-4.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year50.02%
Revenue Next 2Y22.6%
Revenue Next 3Y52.61%
Revenue Next 5Y35.37%

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.
BITF.CA Yearly Revenue VS EstimatesBITF.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
BITF.CA Yearly EPS VS EstimatesBITF.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1

More info and screens

Find the best growth stocksShow best growing peers

0

4. BITF.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BITF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year BITF is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BITF.CA Price Earnings VS Forward Price EarningsBITF.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BITF is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 33
BITF.CA Per share dataBITF.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

  • A cheap valuation may be justified as BITF's earnings are expected to decrease with -4.53% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.53%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BITF.CA Dividend Analysis

5.1 Amount

  • No dividends for BITF!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BITF.CA Fundamentals: All Metrics, Ratios and Statistics

BITFARMS LTD/CANADA

TSX:BITF (3/4/2026, 7:00:00 PM)

3.07

+0.35 (+12.87%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-13
Earnings (Next)03-25
Inst Owners35.89%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap1.85B
Revenue(TTM)270.06M
Net Income(TTM)-130.32M
Analysts82.5
Price Target5.36 (74.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-565.27%
Min EPS beat(2)-1174.51%
Max EPS beat(2)43.98%
EPS beat(4)2
Avg EPS beat(4)-244.89%
Min EPS beat(4)-1174.51%
Max EPS beat(4)198.04%
EPS beat(8)3
Avg EPS beat(8)-216.49%
EPS beat(12)5
Avg EPS beat(12)-144.73%
EPS beat(16)5
Avg EPS beat(16)-350.08%
Revenue beat(2)0
Avg Revenue beat(2)-8.62%
Min Revenue beat(2)-15.14%
Max Revenue beat(2)-2.09%
Revenue beat(4)1
Avg Revenue beat(4)-5.35%
Min Revenue beat(4)-15.14%
Max Revenue beat(4)2.32%
Revenue beat(8)3
Avg Revenue beat(8)0.44%
Revenue beat(12)7
Avg Revenue beat(12)6.67%
Revenue beat(16)7
Avg Revenue beat(16)2.8%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-75%
EPS NY rev (1m)0%
EPS NY rev (3m)-181.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.01
P/FCF N/A
P/OCF N/A
P/B 2.21
P/tB 2.22
EV/EBITDA 33
EPS(TTM)-0.2
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.81
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS0.61
BVpS1.39
TBVpS1.38
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.26%
ROE -21.32%
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)-35.51%
ROA(5y)-26.79%
ROE(3y)-46.46%
ROE(5y)-47.92%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score3
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Debt/EBITDA 1.72
Cap/Depr 127.31%
Cap/Sales 58.82%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.2
Quick Ratio 3.14
Altman-Z 3.87
F-Score3
WACC10.29%
ROIC/WACCN/A
Cap/Depr(3y)198.14%
Cap/Depr(5y)284.61%
Cap/Sales(3y)120.6%
Cap/Sales(5y)97.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)58.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-62.5%
EPS Next Y-125.81%
EPS Next 2Y-4.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)47.6%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%
Revenue Next Year50.02%
Revenue Next 2Y22.6%
Revenue Next 3Y52.61%
Revenue Next 5Y35.37%
EBIT growth 1Y13.57%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year158.44%
EBIT Next 3Y77.69%
EBIT Next 5YN/A
FCF growth 1Y-1174.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-555.46%
OCF growth 3YN/A
OCF growth 5YN/A

BITFARMS LTD/CANADA / BITF.CA FAQ

Can you provide the ChartMill fundamental rating for BITFARMS LTD/CANADA?

ChartMill assigns a fundamental rating of 3 / 10 to BITF.CA.


What is the valuation status for BITF stock?

ChartMill assigns a valuation rating of 0 / 10 to BITFARMS LTD/CANADA (BITF.CA). This can be considered as Overvalued.


Can you provide the profitability details for BITFARMS LTD/CANADA?

BITFARMS LTD/CANADA (BITF.CA) has a profitability rating of 1 / 10.