Bitfarms Statistics
Total Valuation
Bitfarms has a market cap or net worth of $538.81 million. The enterprise value is $439.39 million.
| Market Cap | 538.81M |
| Enterprise Value | 439.39M |
Important Dates
The next estimated earnings date is Monday, May 13, 2024, before market open.
| Earnings Date | May 13, 2024 |
| Ex-Dividend Date | n/a |
Share Statistics
Bitfarms has 301.86 million shares outstanding. The number of shares has increased by 26.21% in one year.
| Shares Outstanding | 301.86M |
| Shares Change (YoY) | +26.21% |
| Shares Change (QoQ) | +8.04% |
| Owned by Insiders (%) | 4.42% |
| Owned by Institutions (%) | 19.61% |
| Float | n/a |
Valuation Ratios
| PE Ratio | n/a |
| Forward PE | 60.61 |
| PS Ratio | 3.68 |
| Forward PS | 3.43 |
| PB Ratio | 1.83 |
| P/FCF Ratio | n/a |
| PEG Ratio | n/a |
Enterprise Valuation
| EV / Earnings | n/a |
| EV / Sales | 3.00 |
| EV / EBITDA | 34.72 |
| EV / EBIT | n/a |
| EV / FCF | n/a |
Financial Position
The company has a current ratio of 1.88, with a Debt / Equity ratio of 0.07.
| Current Ratio | 1.88 |
| Quick Ratio | 1.74 |
| Debt / Equity | 0.07 |
| Debt / EBITDA | 1.57 |
| Debt / FCF | n/a |
| Interest Coverage | -2.23 |
Financial Efficiency
Return on equity (ROE) is -36.90% and return on invested capital (ROIC) is -22.92%.
| Return on Equity (ROE) | -36.90% |
| Return on Assets (ROA) | -30.40% |
| Return on Capital (ROIC) | -22.92% |
| Revenue Per Employee | $860,976 |
| Profits Per Employee | -$611,976 |
| Employee Count | 170 |
| Asset Turnover | 0.43 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -401,000 |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +47.52% in the last 52 weeks. The beta is 3.29, so Bitfarms's price volatility has been higher than the market average.
| Beta (1Y) | 3.29 |
| 52-Week Price Change | +47.52% |
| 50-Day Moving Average | 2.52 |
| 200-Day Moving Average | 1.89 |
| Relative Strength Index (RSI) | 32.99 |
| Average Volume (30 Days) | 24,981,240 |
Short Selling Information
The latest short interest is 27.20 million, so 9.01% of the outstanding shares have been sold short.
| Short Interest | 27.20M |
| Short Previous Month | 26.85M |
| Short % of Shares Out | 9.01% |
| Short % of Float | n/a |
| Short Ratio (days to cover) | 0.96 |
Income Statement
In the last 12 months, Bitfarms had revenue of $146.37 million and -$104.04 million in losses. Loss per share was -$0.40.
| Revenue | 146.37M |
| Gross Profit | -21.50M |
| Operating Income | -72.13M |
| Pretax Income | -104.44M |
| Net Income | -104.04M |
| EBITDA | 12.66M |
| EBIT | -72.13M |
| Loss Per Share | -$0.40 |
Balance Sheet
The company has $119.29 million in cash and $19.87 million in debt, giving a net cash position of $99.42 million or $0.33 per share.
| Cash & Cash Equivalents | 119.29M |
| Total Debt | 19.87M |
| Net Cash | 99.42M |
| Net Cash Per Share | $0.33 |
| Equity / Book Value | 294.76M |
| Book Value Per Share | 0.98 |
| Working Capital | 60.83M |
Cash Flow
In the last 12 months, operating cash flow was $23.60 million and capital expenditures -$68.19 million, giving a free cash flow of -$44.60 million.
| Operating Cash Flow | 23.60M |
| Capital Expenditures | -68.19M |
| Free Cash Flow | -44.60M |
| FCF Per Share | -$0.17 |
Margins
Gross margin is -14.69%, with operating and profit margins of -49.28% and -71.08%.
| Gross Margin | -14.69% |
| Operating Margin | -49.28% |
| Pretax Margin | -71.35% |
| Profit Margin | -71.08% |
| EBITDA Margin | 8.65% |
| EBIT Margin | -49.28% |
| FCF Margin | -30.47% |
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 | -26.21% |
| Shareholder Yield | -26.21% |
| Earnings Yield | -19.31% |
| FCF Yield | -8.28% |
Analyst Forecast
The average price target for Bitfarms is $4.00, which is 124.09% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $4.00 |
| Price Target Difference | 124.09% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | 33.68% |
| 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 2.72 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.72 |
| Piotroski F-Score | 5 |