Logo image of BITF

BITFARMS LTD/CANADA (BITF) Stock Fundamental Analysis

USA - NASDAQ:BITF - CA09173B1076 - Common Stock

4.4376 USD
-0.17 (-3.74%)
Last: 10/27/2025, 10:59:09 AM
Fundamental Rating

3

BITF gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 285 industry peers in the Software industry. While BITF seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, BITF is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

BITF had negative earnings in the past year.
In the past year BITF has reported a negative cash flow from operations.
BITF had negative earnings in 4 of the past 5 years.
In multiple years BITF reported negative operating cash flow during the last 5 years.
BITF Yearly Net Income VS EBIT VS OCF VS FCFBITF 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

Looking at the Return On Assets, with a value of -10.41%, BITF is doing worse than 61.75% of the companies in the same industry.
BITF's Return On Equity of -13.01% is in line compared to the rest of the industry. BITF outperforms 45.96% of its industry peers.
Industry RankSector 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
BITF Yearly ROA, ROE, ROICBITF 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 Yearly Profit, Operating, Gross MarginsBITF 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

5

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.
BITF has a better debt/assets ratio than last year.
BITF Yearly Shares OutstandingBITF Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
BITF Yearly Total Debt VS Total AssetsBITF 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

BITF has an Altman-Z score of 8.93. This indicates that BITF is financially healthy and has little risk of bankruptcy at the moment.
BITF's Altman-Z score of 8.93 is amongst the best of the industry. BITF outperforms 81.40% 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 (0.11) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF N/A
Altman-Z 8.93
ROIC/WACCN/A
WACC10.19%
BITF Yearly LT Debt VS Equity VS FCFBITF 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 3.11 indicates that BITF has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.11, BITF is doing good in the industry, outperforming 77.89% of the companies in the same industry.
A Quick Ratio of 3.03 indicates that BITF has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.03, BITF is in the better half of the industry, outperforming 77.89% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.11
Quick Ratio 3.03
BITF Yearly Current Assets VS Current LiabilitesBITF 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

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 71.46% over the past year.
Looking at the last year, BITF shows a very strong growth in Revenue. The Revenue has grown by 42.25%.
BITF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 42.85% yearly.
EPS 1Y (TTM)71.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
Revenue 1Y (TTM)42.25%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%87.25%

3.2 Future

The Earnings Per Share is expected to grow by 4.38% on average over the next years.
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

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
BITF Yearly Revenue VS EstimatesBITF 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 Yearly EPS VS EstimatesBITF Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 0 -0.5 -1

More info and screens

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 Price Earnings VS Forward Price EarningsBITF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -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 156.92
BITF Per share dataBITF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.38%
EPS Next 3YN/A

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

BITFARMS LTD/CANADA

NASDAQ:BITF (10/27/2025, 10:59:09 AM)

4.4376

-0.17 (-3.74%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)08-12 2025-08-12/bmo
Earnings (Next)11-17 2025-11-17/bmo
Inst Owners22.03%
Inst Owner Change0.92%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap2.50B
Revenue(TTM)245.66M
Net Income(TTM)-86203000
Analysts82.5
Price Target2.55 (-42.54%)
Short Float %9.59%
Short Ratio0.56
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)-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)-2.07%
PT rev (3m)-2.07%
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)-8.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.61%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 10.16
P/FCF N/A
P/OCF N/A
P/B 3.77
P/tB 3.79
EV/EBITDA 156.92
EPS(TTM)-0.1
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 RankSector 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 RankSector 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 8.93
F-Score2
WACC10.19%
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)71.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%71.43%
EPS Next Y19.87%
EPS Next 2Y4.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)42.25%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%87.25%
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.