Bitfarms Valuation
Is BITFD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of BITFD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: BITFD ($10.85) is trading below our estimate of fair value ($30.35)
Significantly Below Fair Value: BITFD is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BITFD?
Key metric: As BITFD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is BITFD's PS Ratio? | |
|---|---|
| PS Ratio | 5.5x |
| Sales | US$182.96m |
| Market Cap | US$1.00b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.2x |
| Enterprise Value/EBITDA | 27.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does BITFD's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.8x | ||
2562 Synagistics | 14.8x | n/a | HK$10.9b |
YEXT Yext | 2.7x | 5.4% | US$1.1b |
ETWO E2open Parent Holdings | 1.5x | 3.6% | US$935.8m |
BFG Byggfakta Group Nordic HoldCo | 4x | 7.1% | SEK 11.2b |
BITFD Bitfarms | 5.5x | 77.9% | US$1.4b |
Price-To-Sales vs Peers: BITFD is good value based on its Price-To-Sales Ratio (5.5x) compared to the peer average (5.8x).
Price to Sales Ratio vs Industry
How does BITFD's PS Ratio compare vs other companies in the Global Software Industry?
| 246 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 246 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: BITFD is expensive based on its Price-To-Sales Ratio (5.5x) compared to the Global Software industry average (3.1x).
Price to Sales Ratio vs Fair Ratio
What is BITFD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 5.5x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate BITFD's Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.