Bitfarms Statistics

Total Valuation

Bitfarms has a market cap or net worth of 715.40 million. The enterprise value is 568.94 million.

Market Cap	715.40M
Enterprise Value	568.94M

Important Dates

The last earnings date was Tuesday, March 19, 2024.

Earnings Date	Mar 19, 2024
Ex-Dividend Date	n/a

Share Statistics

Bitfarms has 391.80 million shares outstanding. The number of shares has increased by 45.67% in one year.

Shares Outstanding	391.80M
Shares Change (YoY)	+45.67%
Shares Change (QoQ)	+12.60%
Owned by Insiders (%)	4.42%
Owned by Institutions (%)	22.89%
Float	325.00M

Valuation Ratios

PE Ratio	n/a
Forward PE	60.98
PS Ratio	3.15
Forward PS	n/a
PB Ratio	1.44
P/FCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	2.51
EV / EBITDA	14.23
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 3.02, with a Debt / Equity ratio of 0.04.

Current Ratio	3.02
Quick Ratio	2.79
Debt / Equity	0.04
Debt / EBITDA	0.54
Debt / FCF	n/a
Interest Coverage	-11.34

Financial Efficiency

Return on equity (ROE) is -29.27% and return on invested capital (ROIC) is -21.04%.

Return on Equity (ROE)	-29.27%
Return on Assets (ROA)	-25.08%
Return on Capital (ROIC)	-21.04%
Revenue Per Employee	1.33M
Profits Per Employee	-856,701
Employee Count	170
Asset Turnover	0.45
Inventory Turnover	299.65

Taxes

Income Tax	-8.66M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +52.90% in the last 52 weeks. The beta is 3.33, so Bitfarms's price volatility has been higher than the market average.

Beta (1Y)	3.33
52-Week Price Change	+52.90%
50-Day Moving Average	2.77
200-Day Moving Average	2.57
Relative Strength Index (RSI)	42.38
Average Volume (30 Days)	3,755,950

Short Selling Information

The latest short interest is 6.66 million, so 1.70% of the outstanding shares have been sold short.

Short Interest	6.66M
Short Previous Month	7.33M
Short % of Shares Out	1.70%
Short % of Float	2.05%
Short Ratio (days to cover)	2.73

Income Statement

In the last 12 months, Bitfarms had revenue of 226.91 million and -145.64 million in losses. Loss per share was -0.51.

Revenue	226.91M
Gross Profit	-32.45M
Operating Income	-109.28M
Pretax Income	-154.29M
Net Income	-145.64M
EBITDA	39.98M
EBIT	-100.37M
Loss Per Share	-0.51

Full Income Statement

Balance Sheet

The company has 168.18 million in cash and 21.72 million in debt, giving a net cash position of 146.46 million or 0.37 per share.

Cash & Cash Equivalents	168.18M
Total Debt	21.72M
Net Cash	146.46M
Net Cash Per Share	0.37
Equity / Book Value	497.60M
Book Value Per Share	1.27
Working Capital	125.01M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 55.63 million and capital expenditures -192.19 million, giving a free cash flow of -136.56 million.

Operating Cash Flow	55.63M
Capital Expenditures	-192.19M
Free Cash Flow	-136.56M
FCF Per Share	-0.40

Full Cash Flow Statement

Margins

Gross margin is -14.30%, with operating and profit margins of -48.16% and -64.18%.

Gross Margin	-14.30%
Operating Margin	-48.16%
Pretax Margin	-68.00%
Profit Margin	-64.18%
EBITDA Margin	17.62%
EBIT Margin	-44.23%
FCF Margin	-60.18%

Dividends & Yields

Bitfarms does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-45.67%
Shareholder Yield	-45.67%
Earnings Yield	-20.36%
FCF Yield	-19.09%

Analyst Forecast

Price Target	5.75
Price Target Difference	135.44%
Analyst Consensus	n/a
Analyst Count	n/a
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a