Executive Summary
Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with proven track record.
Similar Companies
Share Price & News
How has Hut 8 Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HUT is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 21% a week.
Volatility Over Time: HUT's weekly volatility (21%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
Market Performance
7 Day Return
-24.5%
HUT
-1.0%
CA Software
0.6%
CA Market
1 Year Return
597.9%
HUT
63.3%
CA Software
38.5%
CA Market
Return vs Industry: HUT exceeded the Canadian Software industry which returned 63.3% over the past year.
Return vs Market: HUT exceeded the Canadian Market which returned 38.5% over the past year.
Shareholder returns
| HUT | Industry | Market | |
|---|---|---|---|
| 7 Day | -24.5% | -1.0% | 0.6% |
| 30 Day | -36.0% | 5.4% | 2.0% |
| 90 Day | 11.3% | 7.0% | 8.5% |
| 1 Year | 597.9%597.9% | 71.3%63.3% | 43.2%38.5% |
| 3 Year | 67.2%67.2% | 94.4%83.4% | 32.0%19.2% |
| 5 Year | n/a | 212.8%192.2% | 57.6%33.4% |
Long-Term Price Volatility Vs. Market
How volatile is Hut 8 Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
We Don’t Think Hut 8 Mining's (TSE:HUT) Earnings Should Make Shareholders Too Comfortable3 weeks ago | Simply Wall St
Here's Why I Think Hut 8 Mining (TSE:HUT) Might Deserve Your Attention Today2 months ago | Simply Wall St
Here's Why Hut 8 Mining (TSE:HUT) Can Afford Some DebtValuation
Is Hut 8 Mining undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HUT (CA$7.48) is trading below our estimate of fair value (CA$14.43)
Significantly Below Fair Value: HUT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HUT is good value based on its PE Ratio (36.9x) compared to the CA Software industry average (40.5x).
PE vs Market: HUT is poor value based on its PE Ratio (36.9x) compared to the Canadian market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HUT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HUT is good value based on its PB Ratio (6.3x) compared to the CA Software industry average (9.8x).
Future Growth
How is Hut 8 Mining forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
18.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if HUT's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if HUT's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HUT's revenue (18.5% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: HUT's revenue (18.5% per year) is forecast to grow slower 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?
-9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HUT has a high level of non-cash earnings.
Growing Profit Margin: HUT's current net profit margins (46.8%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: HUT has become profitable over the past 5 years, growing earnings by -9% per year.
Accelerating Growth: HUT's earnings growth over the past year (797%) exceeds its 5-year average (-9% per year).
Earnings vs Industry: HUT earnings growth over the past year (797%) exceeded the Software industry 38.8%.
Return on Equity
High ROE: HUT's Return on Equity (16.5%) 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$105.3M) exceed its short term liabilities (CA$29.6M).
Long Term Liabilities: HUT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HUT's debt to equity ratio (21.8%) is considered satisfactory.
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: Insufficient data to determine if HUT's interest payments on its debt are well covered by EBIT.
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?
0.3yrs
Average management tenure
CEO
Jaime Leverton
0.33
Tenure
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...
Leadership Team
Experienced Management: HUT's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: HUT's board of directors are not considered experienced ( 1 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 31.1%.
Top Shareholders
Company Information
Hut 8 Mining Corp.'s company bio, 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
- Market Cap: CA$887.413m
- Shares outstanding: 118.64m
- Website: https://hut8mining.com
Number of Employees
Location
- Hut 8 Mining Corp.
- 130 King Street West
- Suite 1800
- Toronto
- Ontario
- M5X 2A2
- Canada
Listings
Biography
Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 22:43 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| 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.