Bitfarms Ltd. (BITF)

Bitfarms Statistics

Total Valuation

Bitfarms has a market cap or net worth of $798.88 million. The enterprise value is $752.86 million.

Market Cap	798.88M
Enterprise Value	752.86M

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	1.57
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	4.11
EV / EBITDA	22.09
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	0.66
Debt / FCF	n/a
Interest Coverage	-55.20

Financial Efficiency

Return on equity (ROE) is -32.84% and return on invested capital (ROIC) is -14.50%.

Return on Equity (ROE)	-32.84%
Return on Assets (ROA)	-13.40%
Return on Capital (ROIC)	-14.50%
Revenue Per Employee	$1.08M
Profits Per Employee	-$772,194
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 decreased by -39.57% 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	-39.57%
50-Day Moving Average	2.06
200-Day Moving Average	2.19
Relative Strength Index (RSI)	38.20
Average Volume (20 Days)	53,394,181

Short Selling Information

The latest short interest is 45.09 million, so 9.54% of the outstanding shares have been sold short.

Short Interest	45.09M
Short Previous Month	42.54M
Short % of Shares Out	9.54%
Short % of Float	11.80%
Short Ratio (days to cover)	0.94

Income Statement

In the last 12 months, Bitfarms had revenue of $182.96 million and -$131.27 million in losses. Loss per share was -$0.35.

Revenue	182.96M
Gross Profit	-31.99M
Operating Income	-98.59M
Pretax Income	-113.21M
Net Income	-131.27M
EBITDA	34.08M
EBIT	-98.59M
Loss Per Share	-$0.35

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 -$125.18 million and capital expenditures -$289.39 million, giving a free cash flow of -$414.56 million.

Operating Cash Flow	-125.18M
Capital Expenditures	-289.39M
Free Cash Flow	-414.56M
FCF Per Share	-$0.88

Margins

Gross margin is -17.48%, with operating and profit margins of -53.89% and -71.75%.

Gross Margin	-17.48%
Operating Margin	-53.89%
Pretax Margin	-74.46%
Profit Margin	-71.75%
EBITDA Margin	18.63%
EBIT Margin	-53.89%
FCF Margin	n/a

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	-16.43%
FCF Yield	-51.89%

Analyst Forecast

The average price target for Bitfarms is $4.43, which is 163.69% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$4.43
Price Target Difference	163.69%
Analyst Consensus	Strong Buy
Analyst Count	7
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 5.29 and a Piotroski F-Score of 4.

Altman Z-Score	5.29
Piotroski F-Score	4