Bitfarms Ltd. (BITF)

Bitfarms Statistics

Total Valuation

Bitfarms has a market cap or net worth of $796.88 million. The enterprise value is $675.92 million.

Market Cap	796.88M
Enterprise Value	675.92M

Important Dates

The next confirmed earnings date is Tuesday, November 12, 2024, before market open.

Earnings Date	Nov 12, 2024
Ex-Dividend Date	n/a

Share Statistics

Bitfarms has 451.29 million shares outstanding. The number of shares has increased by 44.16% in one year.

Current Share Class	n/a
Shares Outstanding	451.29M
Shares Change (YoY)	+44.16%
Shares Change (QoQ)	+18.45%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	368.97M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	n/a
Forward PS	1.95
PB Ratio	n/a
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	3.91
EV / EBITDA	12.71
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 5.11, with a Debt / Equity ratio of 0.03.

Current Ratio	5.11
Quick Ratio	3.39
Debt / Equity	0.03
Debt / EBITDA	0.29
Debt / FCF	n/a
Interest Coverage	-33.95

Financial Efficiency

Return on equity (ROE) is -28.46% and return on invested capital (ROIC) is -11.56%.

Return on Equity (ROE)	-28.46%
Return on Assets (ROA)	-10.66%
Return on Capital (ROIC)	-11.56%
Revenue Per Employee	$1.02M
Profits Per Employee	-$624,971
Employee Count	170
Asset Turnover	0.40
Inventory Turnover	232.05

Taxes

Income Tax	-4.56M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +47.86% in the last 52 weeks. The beta is 3.20, so Bitfarms's price volatility has been higher than the market average.

Beta (5Y)	3.20
52-Week Price Change	+47.86%
50-Day Moving Average	2.01
200-Day Moving Average	2.29
Relative Strength Index (RSI)	40.05
Average Volume (20 Days)	26,500,622

Short Selling Information

The latest short interest is 39.05 million, so 8.65% of the outstanding shares have been sold short.

Short Interest	39.05M
Short Previous Month	35.64M
Short % of Shares Out	8.65%
Short % of Float	10.58%
Short Ratio (days to cover)	2.42

Income Statement

In the last 12 months, Bitfarms had revenue of $172.70 million and -$106.25 million in losses. Loss per share was -$0.33.

Revenue	172.70M
Gross Profit	-29.07M
Operating Income	-73.44M
Pretax Income	-113.21M
Net Income	-106.25M
EBITDA	53.19M
EBIT	-73.44M
Loss Per Share	-$0.33

Balance Sheet

The company has $138.62 million in cash and $15.87 million in debt, giving a net cash position of $122.75 million or $0.27 per share.

Cash & Cash Equivalents	138.62M
Total Debt	15.87M
Net Cash	122.75M
Net Cash Per Share	$0.27
Equity (Book Value)	473.88M
Book Value Per Share	1.11
Working Capital	190.86M

Cash Flow

In the last 12 months, operating cash flow was $49.06 million and capital expenditures -$198.85 million, giving a free cash flow of -$149.79 million.

Operating Cash Flow	49.06M
Capital Expenditures	-198.85M
Free Cash Flow	-149.79M
FCF Per Share	-$0.33

Margins

Gross margin is -16.83%, with operating and profit margins of -42.52% and -61.52%.

Gross Margin	-16.83%
Operating Margin	-42.52%
Pretax Margin	-64.16%
Profit Margin	-61.52%
EBITDA Margin	30.80%
EBIT Margin	-42.52%
FCF Margin	-84.17%

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	-44.16%
Shareholder Yield	-44.16%
Earnings Yield	-13.33%
FCF Yield	-18.80%

Analyst Forecast

The average price target for Bitfarms is $4.17, which is 141.04% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$4.17
Price Target Difference	141.04%
Analyst Consensus	Strong Buy
Analyst Count	6
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

Scores

Bitfarms has an Altman Z-Score of 5.46 and a Piotroski F-Score of 5.

Altman Z-Score	5.46
Piotroski F-Score	5