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BITFARMS LTD/CANADA (BITF) Stock Fundamental Analysis

NASDAQ:BITF - Nasdaq - CA09173B1076 - Common Stock - Currency: USD

1.24  -0.04 (-3.12%)

Fundamental Rating

4

Taking everything into account, BITF scores 4 out of 10 in our fundamental rating. BITF was compared to 281 industry peers in the Software industry. The financial health of BITF is average, but there are quite some concerns on its profitability. BITF is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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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.
In the past 5 years BITF reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: BITF reported negative operating cash flow in multiple 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

BITF has a Return On Assets of -10.81%. This is comparable to the rest of the industry: BITF outperforms 40.57% of its industry peers.
BITF has a Return On Equity (-12.63%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -10.81%
ROE -12.63%
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

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 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

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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.
BITF has more shares outstanding than it did 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

An Altman-Z score of 3.23 indicates that BITF is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.23, BITF perfoms like the industry average, outperforming 58.36% of the companies in the same industry.
BITF has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.03, BITF perfoms like the industry average, outperforming 59.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 3.23
ROIC/WACCN/A
WACC10.35%
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 2.64 indicates that BITF has no problem at all paying its short term obligations.
The Current ratio of BITF (2.64) is better than 72.60% of its industry peers.
A Quick Ratio of 2.58 indicates that BITF has no problem at all paying its short term obligations.
The Quick ratio of BITF (2.58) is better than 72.24% of its industry peers.
Industry RankSector Rank
Current Ratio 2.64
Quick Ratio 2.58
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

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 55.97% over the past year.
BITF shows a strong growth in Revenue. In the last year, the Revenue has grown by 25.67%.
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)55.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-49.78%
Revenue 1Y (TTM)25.67%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%32.85%

3.2 Future

The Earnings Per Share is expected to grow by 139.06% on average over the next years. This is a very strong growth
Based on estimates for the next years, BITF will show a very strong growth in Revenue. The Revenue will grow by 35.37% on average per year.
EPS Next Y49.01%
EPS Next 2Y139.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year91%
Revenue Next 2Y87.87%
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 -0.5 -1

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BITF. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 2.38, the valuation of BITF can be described as very cheap.
Based on the Price/Forward Earnings ratio, BITF is valued cheaper than 99.64% of the companies in the same industry.
BITF's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.78.
Industry RankSector Rank
PE N/A
Fwd PE 2.38
BITF Price Earnings VS Forward Price EarningsBITF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BITF indicates a rather cheap valuation: BITF is cheaper than 80.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.07
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

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 139.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y139.06%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for BITF!.
Industry RankSector Rank
Dividend Yield N/A

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BITFARMS LTD/CANADA

NASDAQ:BITF (7/29/2025, 3:14:10 PM)

1.24

-0.04 (-3.12%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)05-14 2025-05-14/bmo
Earnings (Next)08-18 2025-08-18/bmo
Inst Owners21.49%
Inst Owner Change0.1%
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap691.36M
Analysts82.86
Price Target2.6 (109.68%)
Short Float %8%
Short Ratio1.9
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)75.49%
Min EPS beat(2)-47.06%
Max EPS beat(2)198.04%
EPS beat(4)2
Avg EPS beat(4)43.39%
Min EPS beat(4)-47.06%
Max EPS beat(4)198.04%
EPS beat(8)2
Avg EPS beat(8)-83.88%
EPS beat(12)4
Avg EPS beat(12)-361.09%
EPS beat(16)6
Avg EPS beat(16)-278.04%
Revenue beat(2)1
Avg Revenue beat(2)-2.08%
Min Revenue beat(2)-6.48%
Max Revenue beat(2)2.32%
Revenue beat(4)1
Avg Revenue beat(4)-7.37%
Min Revenue beat(4)-13.39%
Max Revenue beat(4)2.32%
Revenue beat(8)5
Avg Revenue beat(8)9.9%
Revenue beat(12)7
Avg Revenue beat(12)5.74%
Revenue beat(16)8
Avg Revenue beat(16)7.12%
PT rev (1m)-46.21%
PT rev (3m)-45.05%
EPS NQ rev (1m)-75%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)1.69%
Revenue NQ rev (3m)-12.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 2.38
P/S 3.3
P/FCF N/A
P/OCF N/A
P/B 1.04
P/tB 1.05
EV/EBITDA 23.07
EPS(TTM)-0.15
EYN/A
EPS(NY)0.52
Fwd EY41.95%
FCF(TTM)-0.87
FCFYN/A
OCF(TTM)-0.32
OCFYN/A
SpS0.38
BVpS1.19
TBVpS1.19
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -10.81%
ROE -12.63%
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA 0.7
Cap/Depr 235.21%
Cap/Sales 147.91%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.64
Quick Ratio 2.58
Altman-Z 3.23
F-Score3
WACC10.35%
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)55.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-49.78%
EPS Next Y49.01%
EPS Next 2Y139.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)25.67%
Revenue growth 3Y4.4%
Revenue growth 5Y42.85%
Sales Q2Q%32.85%
Revenue Next Year91%
Revenue Next 2Y87.87%
Revenue Next 3Y61.97%
Revenue Next 5Y35.37%
EBIT growth 1Y-50.41%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year233.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-608.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-366.76%
OCF growth 3YN/A
OCF growth 5YN/A