3.04 USD
+0.01 (+0.33%)
3.06 USD
+0.02 (+0.66%)
We assign a fundamental rating of 4 out of 10 to HIVE. HIVE was compared to 278 industry peers in the Software industry. While HIVE seems to be doing ok healthwise, there are quite some concerns on its profitability. HIVE is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
- In the past year HIVE was profitable.
- In the past year HIVE had a positive cash flow from operations.
- In multiple years HIVE reported negative net income over the last 5 years.
- HIVE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 2.98%, HIVE is doing good in the industry, outperforming 65.83% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 3.30%, HIVE is in the better half of the industry, outperforming 63.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 3.3% | ||
| ROIC | N/A |
ROA(3y)-37.49%
ROA(5y)-16.27%
ROE(3y)-49.77%
ROE(5y)-22%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- HIVE's Profit Margin of 10.67% is fine compared to the rest of the industry. HIVE outperforms 71.22% of its industry peers.
- The Operating Margin and Gross Margin are not available for HIVE so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 10.67% | ||
| 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
- HIVE does not have a ROIC to compare to the WACC, probably because it is not profitable.
- HIVE has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for HIVE has been increased compared to 5 years ago.
- Compared to 1 year ago, HIVE has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 5.93 indicates that HIVE is not in any danger for bankruptcy at the moment.
- HIVE has a better Altman-Z score (5.93) than 77.70% of its industry peers.
- A Debt/Equity ratio of 0.03 indicates that HIVE is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.03, HIVE is in the better half of the industry, outperforming 61.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.93 |
ROIC/WACCN/A
WACC10.21%
2.3 Liquidity
- HIVE has a Current Ratio of 2.55. This indicates that HIVE is financially healthy and has no problem in meeting its short term obligations.
- HIVE has a better Current ratio (2.55) than 70.50% of its industry peers.
- HIVE has a Quick Ratio of 2.55. This indicates that HIVE is financially healthy and has no problem in meeting its short term obligations.
- With a decent Quick ratio value of 2.55, HIVE is doing good in the industry, outperforming 70.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.55 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
- HIVE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 301.67%, which is quite impressive.
- Looking at the last year, HIVE shows a very strong growth in Revenue. The Revenue has grown by 57.09%.
- HIVE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.59% yearly.
EPS 1Y (TTM)301.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16.67%
Revenue 1Y (TTM)57.09%
Revenue growth 3Y-18.07%
Revenue growth 5Y31.59%
Sales Q2Q%285.26%
3.2 Future
- Based on estimates for the next years, HIVE will show a very negative growth in Earnings Per Share. The EPS will decrease by -154.47% on average per year.
- Based on estimates for the next years, HIVE will show a very strong growth in Revenue. The Revenue will grow by 70.47% on average per year.
EPS Next Y-258.82%
EPS Next 2Y92.38%
EPS Next 3Y-154.47%
EPS Next 5YN/A
Revenue Next Year182.4%
Revenue Next 2Y102.05%
Revenue Next 3Y70.47%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 25.33, the valuation of HIVE can be described as expensive.
- Based on the Price/Earnings ratio, HIVE is valued a bit cheaper than the industry average as 66.91% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.87, HIVE is valued at the same level.
- With a Price/Forward Earnings ratio of 94.06, HIVE can be considered very expensive at the moment.
- HIVE's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.96, HIVE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.33 | ||
| Fwd PE | 94.06 |
4.2 Price Multiples
- HIVE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HIVE is cheaper than 75.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.15 |
4.3 Compensation for Growth
- HIVE's earnings are expected to decrease with -154.47% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y92.38%
EPS Next 3Y-154.47%
5. Dividend
5.1 Amount
- No dividends for HIVE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
HIVE DIGITAL TECHNOLOGIES LT / HIVE FAQ
Can you provide the ChartMill fundamental rating for HIVE DIGITAL TECHNOLOGIES LT?
ChartMill assigns a fundamental rating of 4 / 10 to HIVE.
Can you provide the valuation status for HIVE DIGITAL TECHNOLOGIES LT?
ChartMill assigns a valuation rating of 2 / 10 to HIVE DIGITAL TECHNOLOGIES LT (HIVE). This can be considered as Overvalued.
Can you provide the profitability details for HIVE DIGITAL TECHNOLOGIES LT?
HIVE DIGITAL TECHNOLOGIES LT (HIVE) has a profitability rating of 3 / 10.
What is the valuation of HIVE DIGITAL TECHNOLOGIES LT based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HIVE DIGITAL TECHNOLOGIES LT (HIVE) is 25.33 and the Price/Book (PB) ratio is 1.16.
What is the earnings growth outlook for HIVE DIGITAL TECHNOLOGIES LT?
The Earnings per Share (EPS) of HIVE DIGITAL TECHNOLOGIES LT (HIVE) is expected to decline by -258.82% in the next year.