Bitfarms Future Growth
Future criteria checks 5/6
Bitfarms is forecast to grow earnings and revenue by 121.7% and 58.9% per annum respectively while EPS is expected to grow by 111.1% per annum.
Key information
121.7%
Earnings growth rate
111.1%
EPS growth rate
Software earnings growth | 30.2% |
Revenue growth rate | 58.9% |
Future return on equity | n/a |
Analyst coverage | Good |
Last updated | 06 Dec 2024 |
Recent future growth updates
Recent updates
Market Participants Recognise Bitfarms Ltd.'s (TSE:BITF) Revenues Pushing Shares 45% Higher
Nov 12Does Bitfarms (TSE:BITF) Have A Healthy Balance Sheet?
Nov 08Bitfarms Ltd.'s (TSE:BITF) Earnings Haven't Escaped The Attention Of Investors
Sep 25Why Investors Shouldn't Be Surprised By Bitfarms Ltd.'s (TSE:BITF) 75% Share Price Surge
Jun 14Bitfarms (TSE:BITF) Has Debt But No Earnings; Should You Worry?
May 22Bitfarms Ltd.'s (TSE:BITF) 25% Jump Shows Its Popularity With Investors
Mar 01Is Bitfarms (TSE:BITF) Using Too Much Debt?
Sep 05Is Bitfarms (TSE:BITF) A Risky Investment?
Jun 02Bitfarms Ltd.'s (TSE:BITF) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Apr 17Returns On Capital Signal Tricky Times Ahead For Bitfarms (TSE:BITF)
Jan 10Is There Now An Opportunity In Bitfarms Ltd. (TSE:BITF)?
Apr 25Earnings and Revenue Growth Forecasts
Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
---|---|---|---|---|---|
12/31/2026 | 632 | 199 | 138 | 388 | 1 |
12/31/2025 | 441 | 41 | 14 | 271 | 8 |
12/31/2024 | 194 | -88 | -226 | 46 | 7 |
9/30/2024 | 183 | -131 | -415 | -125 | N/A |
6/30/2024 | 173 | -106 | -150 | 49 | N/A |
3/31/2024 | 167 | -106 | -103 | 41 | N/A |
12/31/2023 | 146 | -109 | -179 | -106 | N/A |
9/30/2023 | 127 | 0 | -277 | -203 | N/A |
6/30/2023 | 126 | -69 | -38 | 50 | N/A |
3/31/2023 | 132 | -184 | -58 | 77 | N/A |
12/31/2022 | 142 | -176 | -317 | -122 | N/A |
9/30/2022 | 175 | -213 | -239 | -7 | N/A |
6/30/2022 | 187 | -104 | -264 | -38 | N/A |
3/31/2022 | 181 | 34 | -307 | -75 | N/A |
12/31/2021 | 169 | 22 | -237 | -43 | N/A |
9/30/2021 | 121 | 7 | -162 | -30 | N/A |
6/30/2021 | 83 | -21 | -116 | -13 | N/A |
3/31/2021 | 54 | -21 | -35 | -3 | N/A |
12/31/2020 | 35 | -16 | 3 | 7 | N/A |
9/30/2020 | 34 | -10 | -1 | 7 | N/A |
6/30/2020 | 37 | -1 | -8 | 7 | N/A |
3/31/2020 | 38 | 2 | -14 | 8 | N/A |
12/31/2019 | 32 | 3 | -18 | 6 | N/A |
9/30/2019 | 27 | -11 | -18 | 4 | N/A |
6/30/2019 | 24 | -16 | -10 | 4 | N/A |
3/31/2019 | 22 | -17 | -12 | 4 | N/A |
12/31/2018 | 34 | -9 | -9 | 14 | N/A |
12/31/2017 | 52 | 29 | N/A | 46 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BITF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).
Earnings vs Market: BITF is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BITF is expected to become profitable in the next 3 years.
Revenue vs Market: BITF's revenue (58.9% per year) is forecast to grow faster than the Canadian market (7.1% per year).
High Growth Revenue: BITF's revenue (58.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BITF's Return on Equity is forecast to be high in 3 years time
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/22 02:07 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Bitfarms Ltd. is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
---|---|
Brian Kinstlinger | Alliance Global Partners |
Martin Toner | ATB Capital Markets |
Lucas Pipes | B. Riley Securities, Inc. |