Bitfarms Ltd. (BITF)

NASDAQ: BITF · IEX Real-Time Price · USD
3.020
-0.170 (-5.33%)
At close: Feb 23, 2024, 4:00 PM
3.015
-0.005 (-0.17%)
After-hours: Feb 23, 2024, 7:59 PM EST

Total Valuation

Bitfarms has a market cap or net worth of $911.61 million. The enterprise value is $872.16 million.

Market Cap 911.61M
Enterprise Value 872.16M

Important Dates

The next estimated earnings date is Tuesday, March 19, 2024, before market open.

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

Share Statistics

Bitfarms has 301.86 million shares outstanding. The number of shares has increased by 30.20% in one year.

Shares Outstanding 301.86M
Shares Change (YoY) +30.20%
Shares Change (QoQ) +11.29%
Owned by Insiders (%) 4.65%
Owned by Institutions (%) 26.34%
Float 264.60M

Valuation Ratios

PE Ratio n/a
Forward PE 90.91
PS Ratio 7.17
Forward PS 6.60
PB Ratio 3.17
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 6.86
EV / EBITDA 49.41
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 2.82, with a Debt / Equity ratio of 0.09.

Current Ratio 2.82
Quick Ratio 2.25
Debt / Equity 0.09
Debt / EBITDA 1.49
Debt / FCF n/a
Interest Coverage 19.63

Financial Efficiency

Return on equity (ROE) is -23.10% and return on invested capital (ROIC) is -25.12%.

Return on Equity (ROE) -23.10%
Return on Assets (ROA) -18.90%
Return on Capital (ROIC) -25.12%
Revenue Per Employee $847,747
Profits Per Employee -$419,460
Employee Count 150
Asset Turnover 0.38
Inventory Turnover n/a

Taxes

In the past 12 months, Bitfarms has paid $168,000 in taxes.

Income Tax 168,000
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +184.91% in the last 52 weeks. The beta is 3.39, so Bitfarms's price volatility has been higher than the market average.

Beta (1Y) 3.39
52-Week Price Change +184.91%
50-Day Moving Average 2.72
200-Day Moving Average 1.68
Relative Strength Index (RSI) 55.46
Average Volume (30 Days) 31,743,424

Short Selling Information

The latest short interest is 29.93 million, so 9.92% of the outstanding shares have been sold short.

Short Interest 29.93M
Short Previous Month 29.14M
Short % of Shares Out 9.92%
Short % of Float 11.31%
Short Ratio (days to cover) 1.21

Income Statement

In the last 12 months, Bitfarms had revenue of $127.16 million and -$62.92 million in losses. Loss per share was -$0.24.

Revenue 127.16M
Gross Profit -35.34M
Operating Income -78.83M
Pretax Income -62.75M
Net Income -62.92M
EBITDA 17.65M
EBIT -66.12M
Loss Per Share -$0.24
Full Income Statement

Balance Sheet

The company has $65.75 million in cash and $26.30 million in debt, giving a net cash position of $39.45 million or $0.13 per share.

Cash & Cash Equivalents 65.75M
Total Debt 26.30M
Net Cash 39.45M
Net Cash Per Share $0.13
Equity / Book Value 287.50M
Book Value Per Share 0.95
Working Capital 54.05M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $43.11 million and capital expenditures -$62.39 million, giving a free cash flow of -$19.28 million.

Operating Cash Flow 43.11M
Capital Expenditures -62.39M
Free Cash Flow -19.28M
FCF Per Share -$0.07
Full Cash Flow Statement

Margins

Gross margin is -27.79%, with operating and profit margins of -61.99% and -49.48%.

Gross Margin -27.79%
Operating Margin -61.99%
Pretax Margin -49.35%
Profit Margin -49.48%
EBITDA Margin 13.88%
EBIT Margin -52.00%
FCF Margin -15.16%

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 -30.20%
Shareholder Yield -30.20%
Earnings Yield -6.90%
FCF Yield -2.11%

Analyst Forecast

The average price target for Bitfarms is $3.50, which is 15.89% higher than the current price. The consensus rating is "Strong Buy".

Price Target $3.50
Price Target Difference 15.89%
Analyst Consensus Strong Buy
Analyst Count 2
Revenue Growth Forecast (5Y) 26.83%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

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 10.8 and a Piotroski F-Score of 5.

Altman Z-Score 10.8
Piotroski F-Score 5