Bitfarms Ltd. (BITF)

Bitfarms Statistics

Total Valuation

Bitfarms has a market cap or net worth of $1.02 billion. The enterprise value is $975.06 million.

Market Cap	1.02B
Enterprise Value	975.06M

Important Dates

The last earnings date was Wednesday, November 13, 2024, before market open.

Earnings Date	Nov 13, 2024
Ex-Dividend Date	n/a

Share Statistics

Bitfarms has 472.50 million shares outstanding. The number of shares has increased by 52.70% in one year.

Current Share Class	472.50M
Shares Outstanding	472.50M
Shares Change (YoY)	+52.70%
Shares Change (QoQ)	+11.83%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	382.23M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	n/a
Forward PS	2.13
PB Ratio	n/a
P/TBV Ratio	2.01
P/FCF Ratio	n/a
P/OCF Ratio	36.94
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	5.33
EV / EBITDA	28.56
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 3.70, with a Debt / Equity ratio of 0.05.

Current Ratio	3.70
Quick Ratio	1.69
Debt / Equity	0.05
Debt / EBITDA	0.64
Debt / FCF	n/a
Interest Coverage	-53.52

Financial Efficiency

Return on equity (ROE) is -31.62% and return on invested capital (ROIC) is -14.06%.

Return on Equity (ROE)	-31.62%
Return on Assets (ROA)	-13.00%
Return on Capital (ROIC)	-14.06%
Revenue Per Employee	$1.08M
Profits Per Employee	-$743,453
Employee Count	170
Asset Turnover	0.40
Inventory Turnover	225.67

Taxes

Income Tax	-4.96M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +83.90% in the last 52 weeks. The beta is 3.18, so Bitfarms's price volatility has been higher than the market average.

Beta (5Y)	3.18
52-Week Price Change	+83.90%
50-Day Moving Average	2.06
200-Day Moving Average	2.29
Relative Strength Index (RSI)	50.82
Average Volume (20 Days)	43,936,749

Short Selling Information

The latest short interest is 41.83 million, so 8.85% of the outstanding shares have been sold short.

Short Interest	41.83M
Short Previous Month	39.05M
Short % of Shares Out	8.85%
Short % of Float	10.94%
Short Ratio (days to cover)	1.74

Income Statement

In the last 12 months, Bitfarms had revenue of $182.96 million and -$126.39 million in losses. Loss per share was -$0.34.

Revenue	182.96M
Gross Profit	-31.99M
Operating Income	-95.59M
Pretax Income	-113.21M
Net Income	-126.39M
EBITDA	34.14M
EBIT	-95.59M
Loss Per Share	-$0.34

Balance Sheet

The company has $72.91 million in cash and $23.96 million in debt, giving a net cash position of $48.96 million or $0.10 per share.

Cash & Cash Equivalents	72.91M
Total Debt	23.96M
Net Cash	48.96M
Net Cash Per Share	$0.10
Equity (Book Value)	512.02M
Book Value Per Share	1.13
Working Capital	137.96M

Cash Flow

In the last 12 months, operating cash flow was $27.67 million and capital expenditures -$289.39 million, giving a free cash flow of -$261.71 million.

Operating Cash Flow	27.67M
Capital Expenditures	-289.39M
Free Cash Flow	-261.71M
FCF Per Share	-$0.55

Margins

Gross margin is -17.48%, with operating and profit margins of -52.25% and -69.08%.

Gross Margin	-17.48%
Operating Margin	-52.25%
Pretax Margin	-71.79%
Profit Margin	-69.08%
EBITDA Margin	18.66%
EBIT Margin	-52.25%
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	-52.70%
Shareholder Yield	-52.70%
Earnings Yield	-12.36%
FCF Yield	-25.60%

Analyst Forecast

The average price target for Bitfarms is $4.17, which is 92.17% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$4.17
Price Target Difference	92.17%
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 5.32 and a Piotroski F-Score of 5.

Altman Z-Score	5.32
Piotroski F-Score	5