Executive Summary
Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. More Details
Snowflake Analysis
Solid track record with adequate balance sheet.
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 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: HUT's weekly volatility has decreased from 22% to 15% over the past year, but is still higher than 75% of Canadian stocks.
Market Performance
7 Day Return
3.4%
HUT
1.4%
CA Software
0.4%
CA Market
1 Year Return
252.1%
HUT
43.9%
CA Software
37.2%
CA Market
Return vs Industry: HUT exceeded the Canadian Software industry which returned 43.9% over the past year.
Return vs Market: HUT exceeded the Canadian Market which returned 37.2% over the past year.
Shareholder returns
| HUT | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 1.4% | 0.4% |
| 30 Day | -11.8% | 10.1% | 3.4% |
| 90 Day | -55.5% | -0.4% | 5.5% |
| 1 Year | 252.1%252.1% | 50.2%43.9% | 41.6%37.2% |
| 3 Year | 51.7%51.7% | 67.2%57.6% | 32.5%20.0% |
| 5 Year | n/a | 204.8%185.7% | 62.7%38.3% |
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
1 month ago | Simply Wall St
Hut 8 Mining (TSE:HUT) Shareholders Have Enjoyed A Whopping 421% Share Price Gain2 months ago | Simply Wall St
We Don’t Think Hut 8 Mining's (TSE:HUT) Earnings Should Make Shareholders Too Comfortable2 months ago | Simply Wall St
Here's Why I Think Hut 8 Mining (TSE:HUT) Might Deserve Your Attention TodayValuation
Is Hut 8 Mining undervalued compared to its fair value and its price relative to the market?
7.57x
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 (7.6x) compared to the Canadian Software industry average (39.5x).
PE vs Market: HUT is good value based on its PE Ratio (7.6x) compared to the Canadian market (15.2x).
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 (1.8x) compared to the CA Software industry average (6.8x).
Future Growth
How is Hut 8 Mining forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
48.2%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hut 8 Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Hut 8 Mining performed over the past 5 years?
8.9%
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 are higher than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: HUT has become profitable over the past 5 years, growing earnings by 8.9% per year.
Accelerating Growth: HUT's earnings growth over the past year (4488.8%) exceeds its 5-year average (8.9% per year).
Earnings vs Industry: HUT earnings growth over the past year (4488.8%) exceeded the Software industry 33.7%.
Return on Equity
High ROE: HUT's Return on Equity (20.5%) is considered high.
Financial Health
How is Hut 8 Mining's financial position?
Financial Position Analysis
Short Term Liabilities: HUT's short term assets (CA$284.8M) exceed its short term liabilities (CA$8.6M).
Long Term Liabilities: HUT's short term assets (CA$284.8M) exceed its long term liabilities (CA$14.4M).
Debt to Equity History and Analysis
Debt Level: HUT's debt to equity ratio (0.2%) 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: HUT's interest payments on its debt are well covered by EBIT (4.3x coverage).
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
0.50
Tenure
CA$375,000
Compensation
Ms. Jaime Leverton serves as the Chief Executive Officer at Hut 8 Mining Corp. since December 01, 2020 and Director since December 30, 2020. She is a highly accomplished technology executive and industry t...
CEO Compensation Analysis
Compensation vs Market: Jaime's total compensation ($USD308.41K) is below average for companies of similar size in the Canadian market ($USD814.21K).
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 ( 0.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: HUT's board of directors are not considered experienced ( 1.9 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 substantially diluted in the past year, with total shares outstanding growing by 54%.
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$690.596m
- Shares outstanding: 140.08m
- 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 | 2021/06/13 23:41 |
| End of Day Share Price | 2021/06/11 00:00 |
| Earnings | 2021/03/31 |
| 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.