BITFARMS LTD/CANADA (BITF)
CA09173B1076 - Common Stock
BITF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 276 industry peers in the Software industry. The financial health of BITF is average, but there are quite some concerns on its profitability. BITF is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BITF has reported negative net income.
In the past year BITF had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BITF reported negative net income in multiple years.
BITF had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
BITF's Return On Assets of -19.08% is on the low side compared to the rest of the industry. BITF is outperformed by 66.79% of its industry peers.
BITF has a Return On Equity (-22.09%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -19.08% | ||
| ROE | -22.09% | ||
| ROIC | N/A |
ROA(3y)-32.37%
ROA(5y)-25.46%
ROE(3y)-64.58%
ROE(5y)-48.81%
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.
Compared to 1 year ago, BITF has more shares outstanding
The number of shares outstanding for BITF has been increased compared to 5 years ago.
Compared to 1 year ago, BITF has a worse debt to assets ratio.
2.2 Solvency
BITF has an Altman-Z score of 5.77. This indicates that BITF is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BITF (5.77) is better than 74.45% of its industry peers.
BITF has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BITF (0.05) is better than 60.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.77 |
ROIC/WACCN/A
WACC8.66%
2.3 Liquidity
A Current Ratio of 2.82 indicates that BITF has no problem at all paying its short term obligations.
The Current ratio of BITF (2.82) is better than 74.45% of its industry peers.
A Quick Ratio of 2.80 indicates that BITF has no problem at all paying its short term obligations.
BITF has a Quick ratio of 2.80. This is in the better half of the industry: BITF outperforms 73.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.8 |
3. Growth
3.1 Past
BITF shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.35%, which is quite impressive.
The Revenue for BITF has decreased by -27.33% in the past year. This is quite bad
The Revenue has been growing by 75.06% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)75.35%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q88.7%
Revenue 1Y (TTM)-27.33%
Revenue growth 3Y63.78%
Revenue growth 5Y75.06%
Revenue growth Q2Q4.06%
3.2 Future
BITF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 30.38% yearly.
The Revenue is expected to grow by 38.51% on average over the next years. This is a very strong growth
EPS Next Y84.21%
EPS Next 2Y43.58%
EPS Next 3Y30.38%
EPS Next 5YN/A
Revenue Next Year-25.93%
Revenue Next 2Y24.98%
Revenue Next 3Y38.51%
Revenue Next 5YN/A
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for BITF. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 28.00, which means the current valuation is very expensive for BITF.
Based on the Price/Forward Earnings ratio, BITF is valued a bit cheaper than the industry average as 72.26% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 20.72. BITF is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BITF is valued a bit cheaper than the industry average as 69.34% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 48.9 |
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 30.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.58%
EPS Next 3Y30.38%
5. Dividend
5.1 Amount
No dividends for BITF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BITFARMS LTD/CANADA
NASDAQ:BITF (5/2/2024, 7:00:01 PM)
After market: 1.7909 -0.01 (-0.51%)1.8
+0.02 (+1.12%)
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 Cap543.34M
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 | 28 | ||
| 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 | -19.08% | ||
| ROE | -22.09% | ||
| 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 Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.82 | ||
| Quick Ratio | 2.8 | ||
| 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)
Growth
EPS 1Y (TTM)75.35%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y84.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-27.33%
Revenue growth 3Y63.78%
Revenue growth 5Y
Revenue growth 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