3.04 USD
+0.01 (+0.33%)
3.0598 USD
+0.02 (+0.65%)
We assign a fundamental rating of 4 out of 10 to HIVE. HIVE was compared to 278 industry peers in the Software industry. The financial health of HIVE is average, but 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
- HIVE had positive earnings in the past year.
- HIVE had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: HIVE reported negative net income in multiple years.
- Each year in the past 5 years HIVE had a positive operating cash flow.
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.
- With a decent Return On Equity value of 3.30%, HIVE is doing good in 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
- Looking at the Profit Margin, with a value of 10.67%, HIVE is in the better half of the industry, outperforming 71.22% of the companies in the same industry.
- 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.
- Compared to 1 year ago, HIVE has more shares outstanding
- 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
- HIVE has an Altman-Z score of 5.91. This indicates that HIVE is financially healthy and has little risk of bankruptcy at the moment.
- HIVE's Altman-Z score of 5.91 is fine compared to the rest of the industry. HIVE outperforms 76.62% of its industry peers.
- HIVE has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
- HIVE's Debt to Equity ratio of 0.03 is fine compared to the rest of the industry. HIVE outperforms 61.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.91 |
ROIC/WACCN/A
WACC10.22%
2.3 Liquidity
- A Current Ratio of 2.55 indicates that HIVE has no problem at all paying its short term obligations.
- HIVE has a Current ratio of 2.55. This is in the better half of the industry: HIVE outperforms 70.50% of its industry peers.
- A Quick Ratio of 2.55 indicates that HIVE has no problem at all paying its short term obligations.
- HIVE's Quick ratio of 2.55 is fine compared to the rest of the industry. HIVE outperforms 70.86% of its industry peers.
| 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%.
- Measured over the past years, HIVE shows a very strong growth in Revenue. The Revenue has been growing by 31.59% on average per year.
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
- The Earnings Per Share is expected to decrease by -154.47% on average over the next years. This is quite bad
- 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
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 25.33, HIVE can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, HIVE is valued a bit cheaper than 67.27% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.25, HIVE is valued at the same level.
- The Price/Forward Earnings ratio is 94.06, which means the current valuation is very expensive for HIVE.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HIVE is on the same level as its industry peers.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, HIVE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.33 | ||
| Fwd PE | 94.06 |
4.2 Price Multiples
- 75.18% of the companies in the same industry are more expensive than HIVE, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.06 |
4.3 Compensation for Growth
- A cheap valuation may be justified as HIVE's earnings are expected to decrease with -154.47% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y92.38%
EPS Next 3Y-154.47%
5. Dividend
5.1 Amount
- HIVE does not give a dividend.
| 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.