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CIPHER MINING INC (CIFR) Stock Fundamental Analysis

USA - NASDAQ:CIFR - US17253J1060 - Common Stock

16.44 USD
-0.94 (-5.41%)
Last: 11/13/2025, 9:51:10 AM
Fundamental Rating

2

Overall CIFR gets a fundamental rating of 2 out of 10. We evaluated CIFR against 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.
In the past year CIFR has reported a negative cash flow from operations.
In the past 5 years CIFR reported 4 times negative net income.
CIFR had a negative operating cash flow in each of the past 5 years.
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

CIFR's Return On Assets of -2.48% is in line compared to the rest of the industry. CIFR outperforms 49.11% of its industry peers.
CIFR has a Return On Equity of -9.01%. This is comparable to the rest of the industry: CIFR outperforms 49.11% of its industry peers.
Industry RankSector Rank
ROA -2.48%
ROE -9.01%
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

CIFR has a Gross Margin (63.60%) which is comparable to the rest of the industry.
CIFR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 63.6%
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.
Compared to 1 year ago, CIFR has more shares outstanding
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

CIFR has an Altman-Z score of 2.12. This is not the best score and indicates that CIFR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of CIFR (2.12) is comparable to the rest of the industry.
CIFR has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
CIFR's Debt to Equity ratio of 1.31 is on the low side compared to the rest of the industry. CIFR is outperformed by 77.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF N/A
Altman-Z 2.12
ROIC/WACCN/A
WACC10.96%
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 2.49 indicates that CIFR has no problem at all paying its short term obligations.
CIFR's Current ratio of 2.49 is fine compared to the rest of the industry. CIFR outperforms 70.82% of its industry peers.
CIFR has a Quick Ratio of 2.49. This indicates that CIFR is financially healthy and has no problem in meeting its short term obligations.
CIFR has a better Quick ratio (2.49) than 70.82% of its industry peers.
Industry RankSector Rank
Current Ratio 2.49
Quick Ratio 2.49
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 -100.00%.
Looking at the last year, CIFR shows a very strong growth in Revenue. The Revenue has grown by 35.41%.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.38%
Revenue 1Y (TTM)35.41%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%197.51%

3.2 Future

The Earnings Per Share is expected to decrease by -59.35% on average over the next years. This is quite bad
CIFR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 66.18% yearly.
EPS Next Y-143.31%
EPS Next 2Y-86.17%
EPS Next 3Y-59.35%
EPS Next 5YN/A
Revenue Next Year73.87%
Revenue Next 2Y73.79%
Revenue Next 3Y70.88%
Revenue Next 5Y66.18%

3.3 Evolution

CIFR Yearly Revenue VS EstimatesCIFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1B 2B 3B 4B
CIFR Yearly EPS VS EstimatesCIFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 -0.1 -0.2 -0.3 -0.4

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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 -40 -60

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 151.85
CIFR Per share dataCIFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2

4.3 Compensation for Growth

A cheap valuation may be justified as CIFR's earnings are expected to decrease with -59.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-86.17%
EPS Next 3Y-59.35%

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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 (11/13/2025, 9:51:10 AM)

16.44

-0.94 (-5.41%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-03 2025-11-03/bmo
Earnings (Next)02-23 2026-02-23/bmo
Inst Owners71.08%
Inst Owner Change1.88%
Ins Owners2.62%
Ins Owner Change15.1%
Market Cap6.44B
Revenue(TTM)206.45M
Net Income(TTM)-70.53M
Analysts81
Price Target20.4 (24.09%)
Short Float %17.33%
Short Ratio1.38
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)0
Avg EPS beat(2)-168.74%
Min EPS beat(2)-276.75%
Max EPS beat(2)-60.72%
EPS beat(4)1
Avg EPS beat(4)-48.05%
Min EPS beat(4)-276.75%
Max EPS beat(4)219.51%
EPS beat(8)3
Avg EPS beat(8)148.7%
EPS beat(12)3
Avg EPS beat(12)63.84%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-12.91%
Min Revenue beat(2)-16.79%
Max Revenue beat(2)-9.03%
Revenue beat(4)0
Avg Revenue beat(4)-10.01%
Min Revenue beat(4)-16.79%
Max Revenue beat(4)-3.04%
Revenue beat(8)1
Avg Revenue beat(8)-8.75%
Revenue beat(12)1
Avg Revenue beat(12)-11.04%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)120%
PT rev (3m)178.75%
EPS NQ rev (1m)33.56%
EPS NQ rev (3m)57.57%
EPS NY rev (1m)-8.43%
EPS NY rev (3m)-8.93%
Revenue NQ rev (1m)-2.59%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)-2.3%
Revenue NY rev (3m)-5.68%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 31.17
P/FCF N/A
P/OCF N/A
P/B 8.22
P/tB 8.32
EV/EBITDA 151.85
EPS(TTM)-0.26
EYN/A
EPS(NY)-0.42
Fwd EYN/A
FCF(TTM)-1.29
FCFYN/A
OCF(TTM)-0.47
OCFYN/A
SpS0.53
BVpS2
TBVpS1.98
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.48%
ROE -9.01%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 63.6%
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
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 Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF N/A
Debt/EBITDA 24.81
Cap/Depr 175.35%
Cap/Sales 156.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.49
Quick Ratio 2.49
Altman-Z 2.12
F-Score2
WACC10.96%
ROIC/WACCN/A
Cap/Depr(3y)1864.46%
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)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.38%
EPS Next Y-143.31%
EPS Next 2Y-86.17%
EPS Next 3Y-59.35%
EPS Next 5YN/A
Revenue 1Y (TTM)35.41%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%197.51%
Revenue Next Year73.87%
Revenue Next 2Y73.79%
Revenue Next 3Y70.88%
Revenue Next 5Y66.18%
EBIT growth 1Y-95.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year285.59%
EBIT Next 3Y81.74%
EBIT Next 5Y83.8%
FCF growth 1Y-1476.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-995.85%
OCF growth 3YN/A
OCF growth 5YN/A

CIPHER MINING INC / CIFR FAQ

What is the ChartMill fundamental rating of CIPHER MINING INC (CIFR) stock?

ChartMill assigns a fundamental rating of 2 / 10 to CIFR.


What is the valuation status for CIFR stock?

ChartMill assigns a valuation rating of 0 / 10 to CIPHER MINING INC (CIFR). This can be considered as Overvalued.


What is the profitability of CIFR stock?

CIPHER MINING INC (CIFR) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for CIFR stock?

The Earnings per Share (EPS) of CIPHER MINING INC (CIFR) is expected to decline by -143.31% in the next year.