BITFARMS LTD/CANADA (BITF.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:BITF • CA09173B1076

2.33 CAD
-0.45 (-16.19%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BITF. BITF was compared to 66 industry peers in the Software industry. While BITF seems to be doing ok healthwise, there are quite some concerns on its profitability. BITF is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • BITF had negative earnings in the past year.
  • BITF had a negative 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.
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

  • BITF has a worse Return On Assets (-16.26%) than 60.61% of its industry peers.
  • BITF's Return On Equity of -21.32% is in line compared to the rest of the industry. BITF outperforms 43.94% 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

  • The Profit Margin and Operating Margin and Gross Margin are not available for BITF so they could not be analyzed.
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. Health

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.
  • The number of shares outstanding for BITF has been increased compared to 5 years ago.
  • The debt/assets ratio for BITF has been reduced compared to a year ago.
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 2.62 indicates that BITF is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BITF has a Altman-Z score (2.62) which is comparable to the rest of the industry.
  • 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 Debt to Equity ratio (0.11) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 2.62
ROIC/WACCN/A
WACC10.2%
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 has a Current ratio of 3.20. This is amongst the best in the industry. BITF outperforms 80.30% of its industry peers.
  • A Quick Ratio of 3.14 indicates that BITF has no problem at all paying its short term obligations.
  • BITF has a Quick ratio of 3.14. This is amongst the best in the industry. BITF outperforms 80.30% of its industry peers.
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

More info and screens

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

6

3. Growth

3.1 Past

  • BITF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 58.37%, which is quite impressive.
  • 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.
  • BITF is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 35.37% yearly.
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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for BITF. In the last year negative earnings were reported.
  • 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 40

4.2 Price Multiples

  • BITF's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.3
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

  • BITF's earnings are expected to decrease with -4.53% in the coming years. This may justify a cheaper valuation.
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. Dividend

5.1 Amount

  • BITF does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BITFARMS LTD/CANADA

TSX:BITF (2/5/2026, 7:00:00 PM)

2.33

-0.45 (-16.19%)

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 Cap1.31B
Revenue(TTM)270.06M
Net Income(TTM)-130.32M
Analysts82.5
Price Target5.36 (130.04%)
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)50%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-181.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-21.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-9.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.55
P/FCF N/A
P/OCF N/A
P/B 1.57
P/tB 1.58
EV/EBITDA 23.3
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.86
FCFYN/A
OCF(TTM)-0.48
OCFYN/A
SpS0.66
BVpS1.49
TBVpS1.48
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 2.62
F-Score3
WACC10.2%
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.