| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
HUT Stock Overview
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America.
Hut 8 Mining Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$8.28 |
| 52 Week High | CA$20.61 |
| 52 Week Low | CA$3.91 |
| Beta | 2.48 |
| 1 Month Change | -17.45% |
| 3 Month Change | -44.09% |
| 1 Year Change | 34.42% |
| 3 Year Change | 322.45% |
| 5 Year Change | n/a |
| Change since IPO | 107.00% |
Recent News & Updates
Investors Will Want Hut 8 Mining's (TSE:HUT) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
These 4 Measures Indicate That Hut 8 Mining (TSE:HUT) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Shareholder Returns
| HUT | CA Software | CA Market | |
|---|---|---|---|
| 7D | -0.7% | -1.3% | 1.4% |
| 1Y | 34.4% | 4.8% | 19.1% |
Return vs Industry: HUT exceeded the Canadian Software industry which returned 4.8% over the past year.
Return vs Market: HUT exceeded the Canadian Market which returned 19.1% over the past year.
Price Volatility
| HUT volatility | |
|---|---|
| HUT Average Weekly Movement | 13.8% |
| Software Industry Average Movement | 12.3% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 17.7% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: HUT is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: HUT's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 30 | Jaime Leverton | https://hut8mining.com |
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta.
Hut 8 Mining Fundamentals Summary
| HUT fundamental statistics | |
|---|---|
| Market Cap | CA$1.38b |
| Earnings (TTM) | CA$65.80m |
| Revenue (TTM) | CA$128.86m |
21.0x
P/E Ratio10.7x
P/S RatioIs HUT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HUT income statement (TTM) | |
|---|---|
| Revenue | CA$128.86m |
| Cost of Revenue | CA$52.08m |
| Gross Profit | CA$76.78m |
| Expenses | CA$10.98m |
| Earnings | CA$65.80m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.39 |
| Gross Margin | 59.58% |
| Net Profit Margin | 51.06% |
| Debt/Equity Ratio | 1.5% |
How did HUT perform over the long term?
See historical performance and comparisonValuation
Is Hut 8 Mining undervalued compared to its fair value and its price relative to the market?
20.98x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate HUT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate HUT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HUT is good value based on its PE Ratio (21x) compared to the Canadian Software industry average (70.7x).
PE vs Market: HUT is poor value based on its PE Ratio (21x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: HUT is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: HUT is good value based on its PB Ratio (2.2x) compared to the CA Software industry average (4.1x).
Future Growth
How is Hut 8 Mining forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
128.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HUT's forecast earnings growth (128% per year) is above the savings rate (1.6%).
Earnings vs Market: HUT's earnings (128% per year) are forecast to grow faster than the Canadian market (11% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HUT's revenue (72.9% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: HUT's revenue (72.9% 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 HUT's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Hut 8 Mining performed over the past 5 years?
41.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUT has a high level of non-cash earnings.
Growing Profit Margin: HUT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HUT has become profitable over the past 5 years, growing earnings by 41.7% per year.
Accelerating Growth: HUT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HUT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (6.4%).
Return on Equity
High ROE: HUT's Return on Equity (10.5%) is considered low.
Financial Health
How is Hut 8 Mining's financial position?
Financial Position Analysis
Short Term Liabilities: HUT's short term assets (CA$490.8M) exceed its short term liabilities (CA$21.9M).
Long Term Liabilities: HUT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HUT has more cash than its total debt.
Reducing Debt: Insufficient data to determine if HUT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HUT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HUT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Hut 8 Mining current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HUT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HUT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HUT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HUT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HUT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Jaime Leverton
1.08yrs
Tenure
CA$375,000
Compensation
Ms. Jaime Leverton serves as the Chief Executive Officer at Hut 8 Mining Corp. since December 01, 2020 and Director since December 30, 2020. She is a highly accomplished technology executive and industry t...
CEO Compensation Analysis
Compensation vs Market: Jaime's total compensation ($USD298.89K) is below average for companies of similar size in the Canadian market ($USD1.13M).
Compensation vs Earnings: Insufficient data to compare Jaime's compensation with company performance.
Leadership Team
Experienced Management: HUT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
Experienced Board: HUT's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.6%.
Top Shareholders
Company Information
Hut 8 Mining Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Hut 8 Mining Corp.
- Ticker: HUT
- Exchange: TSX
- Founded: NaN
- Industry: Application Software
- Sector: Software
- Implied Market Cap: CA$1.381b
- Shares outstanding: 166.74m
- Website: https://hut8mining.com
Number of Employees
Location
- Hut 8 Mining Corp.
- 24 Duncan street
- Suite 500
- Toronto
- Ontario
- M5V 2B8
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:13 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.