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CIPHER MINING INC (CIFR) Stock Fundamental Analysis

NASDAQ:CIFR - Nasdaq - US17253J1060 - Common Stock - Currency: USD

3.16  +0.04 (+1.44%)

After market: 3.15 -0.01 (-0.32%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CIFR. CIFR was compared to 281 industry peers in the Software industry. Both the profitability and financial health of CIFR have multiple concerns. CIFR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year CIFR has reported negative net income.
CIFR had a negative operating cash flow in the past year.
In the past 5 years CIFR reported 4 times negative net income.
In the past 5 years CIFR always reported negative operating cash flow.
CIFR Yearly Net Income VS EBIT VS OCF VS FCFCIFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M

1.2 Ratios

Looking at the Return On Assets, with a value of -5.22%, CIFR is in line with its industry, outperforming 47.69% of the companies in the same industry.
CIFR has a Return On Equity (-6.55%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -5.22%
ROE -6.55%
ROIC N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
CIFR Yearly ROA, ROE, ROICCIFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

The Gross Margin of CIFR (58.77%) is worse than 60.85% of its industry peers.
The Profit Margin and Operating Margin are not available for CIFR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 58.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CIFR Yearly Profit, Operating, Gross MarginsCIFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K -2K

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3

2. Health

2.1 Basic Checks

CIFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
CIFR has more shares outstanding than it did 1 year ago.
The debt/assets ratio for CIFR is higher compared to a year ago.
CIFR Yearly Shares OutstandingCIFR Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 100M 200M 300M
CIFR Yearly Total Debt VS Total AssetsCIFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 3.54 indicates that CIFR is not in any danger for bankruptcy at the moment.
CIFR has a Altman-Z score of 3.54. This is in the better half of the industry: CIFR outperforms 63.35% of its industry peers.
CIFR has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
CIFR's Debt to Equity ratio of 0.06 is in line compared to the rest of the industry. CIFR outperforms 56.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Altman-Z 3.54
ROIC/WACCN/A
WACC10.47%
CIFR Yearly LT Debt VS Equity VS FCFCIFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

A Current Ratio of 1.28 indicates that CIFR should not have too much problems paying its short term obligations.
CIFR has a worse Current ratio (1.28) than 60.85% of its industry peers.
CIFR has a Quick Ratio of 1.28. This is a normal value and indicates that CIFR is financially healthy and should not expect problems in meeting its short term obligations.
CIFR has a worse Quick ratio (1.28) than 60.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
CIFR Yearly Current Assets VS Current LiabilitesCIFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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3

3. Growth

3.1 Past

CIFR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.00%.
The Revenue has grown by 19.26% in the past year. This is quite good.
EPS 1Y (TTM)-20%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)19.26%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.75%

3.2 Future

Based on estimates for the next years, CIFR will show a very negative growth in Earnings Per Share. The EPS will decrease by -82.79% on average per year.
The Revenue is expected to grow by 86.20% on average over the next years. This is a very strong growth
EPS Next Y-40.84%
EPS Next 2Y26.29%
EPS Next 3Y-82.79%
EPS Next 5YN/A
Revenue Next Year99.23%
Revenue Next 2Y89.05%
Revenue Next 3Y86.2%
Revenue Next 5YN/A

3.3 Evolution

CIFR Yearly Revenue VS EstimatesCIFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
CIFR Yearly EPS VS EstimatesCIFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

CIFR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year CIFR 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
CIFR Price Earnings VS Forward Price EarningsCIFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

CIFR's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 462.96
CIFR Per share dataCIFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 -1 1.5

4.3 Compensation for Growth

A cheap valuation may be justified as CIFR's earnings are expected to decrease with -82.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.29%
EPS Next 3Y-82.79%

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0

5. Dividend

5.1 Amount

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

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CIPHER MINING INC

NASDAQ:CIFR (5/2/2025, 8:00:00 PM)

After market: 3.15 -0.01 (-0.32%)

3.16

+0.04 (+1.44%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-25 2025-02-25/bmo
Earnings (Next)05-13 2025-05-13/bmo
Inst Owners66.66%
Inst Owner Change0.07%
Ins Owners3.03%
Ins Owner Change0.56%
Market Cap1.17B
Analysts82.35
Price Target7.48 (136.71%)
Short Float %15.43%
Short Ratio2.83
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)0.22%
Min EPS beat(2)-219.07%
Max EPS beat(2)219.51%
EPS beat(4)2
Avg EPS beat(4)345.91%
Min EPS beat(4)-219.07%
Max EPS beat(4)1387.18%
EPS beat(8)3
Avg EPS beat(8)174.32%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.08%
Min Revenue beat(2)-19.13%
Max Revenue beat(2)-3.04%
Revenue beat(4)0
Avg Revenue beat(4)-8.72%
Min Revenue beat(4)-19.13%
Max Revenue beat(4)-3.04%
Revenue beat(8)1
Avg Revenue beat(8)-7.53%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-8.81%
PT rev (3m)-12.61%
EPS NQ rev (1m)-5.01%
EPS NQ rev (3m)-349.29%
EPS NY rev (1m)-10.69%
EPS NY rev (3m)-1259.55%
Revenue NQ rev (1m)-0.77%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)-10.68%
Revenue NY rev (3m)-10.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 7.75
P/FCF N/A
P/OCF N/A
P/B 1.72
P/tB 1.74
EV/EBITDA 462.96
EPS(TTM)-0.12
EYN/A
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)-1.05
FCFYN/A
OCF(TTM)-0.24
OCFYN/A
SpS0.41
BVpS1.84
TBVpS1.81
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.22%
ROE -6.55%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 58.77%
FCFM N/A
ROA(3y)-6.37%
ROA(5y)-3.69%
ROE(3y)-7.73%
ROE(5y)N/A
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-Score1
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF N/A
Debt/EBITDA 18.81
Cap/Depr 293.04%
Cap/Sales 200.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 3.54
F-Score1
WACC10.47%
ROIC/WACCN/A
Cap/Depr(3y)1862.84%
Cap/Depr(5y)N/A
Cap/Sales(3y)2580.54%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y-40.84%
EPS Next 2Y26.29%
EPS Next 3Y-82.79%
EPS Next 5YN/A
Revenue 1Y (TTM)19.26%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.75%
Revenue Next Year99.23%
Revenue Next 2Y89.05%
Revenue Next 3Y86.2%
Revenue Next 5YN/A
EBIT growth 1Y-75.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year264.87%
EBIT Next 3Y35.79%
EBIT Next 5YN/A
FCF growth 1Y-162.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.14%
OCF growth 3YN/A
OCF growth 5YN/A