BITFARMS LTD/CANADA (BITF) Stock Fundamental Analysis
USA - NASDAQ:BITF - CA09173B1076 - Common Stock
2.67 USD
+0.09 (+3.49%)
2.65 USD
-0.02 (-0.75%)
Taking everything into account, BITF scores 3 out of 10 in our fundamental rating. BITF was compared to 281 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. While showing a medium growth rate, BITF is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year BITF has reported negative net income.
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.
1.2 Ratios
With a Return On Assets value of -10.41%, BITF is not doing good in the industry: 62.99% of the companies in the same industry are doing better.
BITF's Return On Equity of -13.01% is in line compared to the rest of the industry. BITF outperforms 44.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.41% | ||
| ROE | -13.01% | ||
| 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
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 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.
The number of shares outstanding for BITF has been increased compared to 1 year ago.
The number of shares outstanding for BITF has been increased compared to 5 years ago.
Compared to 1 year ago, BITF has an improved debt to assets ratio.
2.2 Solvency
BITF has an Altman-Z score of 4.79. This indicates that BITF is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BITF (4.79) is better than 70.82% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that BITF is not too dependend on debt financing.
BITF has a Debt to Equity ratio of 0.11. This is comparable to the rest of the industry: BITF outperforms 52.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.79 |
ROIC/WACCN/A
WACC10.17%
2.3 Liquidity
A Current Ratio of 3.11 indicates that BITF has no problem at all paying its short term obligations.
BITF has a Current ratio of 3.11. This is in the better half of the industry: BITF outperforms 77.58% of its industry peers.
BITF has a Quick Ratio of 3.03. This indicates that BITF is financially healthy and has no problem in meeting its short term obligations.
BITF has a better Quick ratio (3.03) than 77.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.11 | ||
| Quick Ratio | 3.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 58.37% over the past year.
The Revenue has grown by 31.78% 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 42.85% on average per year.
EPS 1Y (TTM)58.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-62.5%
Revenue 1Y (TTM)31.78%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%
3.2 Future
BITF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.38% yearly.
The Revenue is expected to grow by 35.37% on average over the next years. This is a very strong growth
EPS Next Y19.87%
EPS Next 2Y4.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year65.01%
Revenue Next 2Y35.38%
Revenue Next 3Y61.97%
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 87.54 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.38%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for BITF!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
2.67
+0.09 (+3.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners22.03%
Inst Owner Change89.82%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap1.50B
Revenue(TTM)192.88M
Net Income(TTM)-86.20M
Analysts82.5
Price Target3.84 (43.82%)
Short Float %9.59%
Short Ratio0.56
Dividend
| Industry Rank | Sector 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)-1.54%
Min EPS beat(2)-47.06%
Max EPS beat(2)43.98%
EPS beat(4)2
Avg EPS beat(4)45.73%
Min EPS beat(4)-47.06%
Max EPS beat(4)198.04%
EPS beat(8)3
Avg EPS beat(8)-73.92%
EPS beat(12)5
Avg EPS beat(12)-291.86%
EPS beat(16)6
Avg EPS beat(16)-276.19%
Revenue beat(2)0
Avg Revenue beat(2)-4.28%
Min Revenue beat(2)-6.48%
Max Revenue beat(2)-2.09%
Revenue beat(4)1
Avg Revenue beat(4)-4.55%
Min Revenue beat(4)-11.96%
Max Revenue beat(4)2.32%
Revenue beat(8)4
Avg Revenue beat(8)6.81%
Revenue beat(12)7
Avg Revenue beat(12)6.82%
Revenue beat(16)7
Avg Revenue beat(16)3.38%
PT rev (1m)-0.39%
PT rev (3m)22.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)33.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-57.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 6.11 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 2.27 | ||
| P/tB | 2.28 | ||
| EV/EBITDA | 87.54 |
EPS(TTM)-0.15
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)-0.91
FCFYN/A
OCF(TTM)-0.47
OCFYN/A
SpS0.44
BVpS1.18
TBVpS1.17
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.41% | ||
| ROE | -13.01% | ||
| 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-Score2
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.31 | ||
| Cap/Depr | 210.27% | ||
| Cap/Sales | 102.81% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.11 | ||
| Quick Ratio | 3.03 | ||
| Altman-Z | 4.79 |
F-Score2
WACC10.17%
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 Y19.87%
EPS Next 2Y4.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)31.78%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%54.38%
Revenue Next Year65.01%
Revenue Next 2Y35.38%
Revenue Next 3Y61.97%
Revenue Next 5Y35.37%
EBIT growth 1Y-37.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year181.29%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1250.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1419.56%
OCF growth 3YN/A
OCF growth 5YN/A
BITFARMS LTD/CANADA / BITF FAQ
Can you provide the ChartMill fundamental rating for BITFARMS LTD/CANADA?
ChartMill assigns a fundamental rating of 3 / 10 to BITF.
What is the valuation status of BITFARMS LTD/CANADA (BITF) stock?
ChartMill assigns a valuation rating of 0 / 10 to BITFARMS LTD/CANADA (BITF). This can be considered as Overvalued.
Can you provide the profitability details for BITFARMS LTD/CANADA?
BITFARMS LTD/CANADA (BITF) has a profitability rating of 1 / 10.