Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. More Details
Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Bitfarms's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BITF is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 20% a week.
Volatility Over Time: BITF's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
1 Year Return
Return vs Industry: BITF exceeded the Canadian Software industry which returned 63.3% over the past year.
Return vs Market: BITF exceeded the Canadian Market which returned 38.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Bitfarms's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StIs Bitfarms' (CVE:BITF) Share Price Gain Of 184% Well Earned?
6 months ago | Simply Wall StHave Insiders Been Selling Bitfarms Ltd. (CVE:BITF) Shares?
8 months ago | Simply Wall StIs Bitfarms (CVE:BITF) A Risky Investment?
Is Bitfarms undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BITF's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BITF's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BITF is unprofitable, so we can't compare its PE Ratio to the CA Software industry average.
PE vs Market: BITF is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BITF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BITF is overvalued based on its PB Ratio (23.6x) compared to the CA Software industry average (9.8x).
How is Bitfarms forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted Software industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if BITF's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if BITF'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: Insufficient data to determine if BITF's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if BITF's revenue 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
How has Bitfarms performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BITF is currently unprofitable.
Growing Profit Margin: BITF is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BITF's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare BITF's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BITF is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (38.8%).
Return on Equity
High ROE: BITF has a negative Return on Equity (-105.45%), as it is currently unprofitable.
How is Bitfarms's financial position?
Financial Position Analysis
Short Term Liabilities: BITF's short term assets ($9.2M) do not cover its short term liabilities ($28.5M).
Long Term Liabilities: BITF's short term assets ($9.2M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: BITF's debt to equity ratio (112.3%) is considered high.
Reducing Debt: Insufficient data to determine if BITF's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BITF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BITF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 74% per year.
What is Bitfarms's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BITF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BITF'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 BITF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BITF'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 BITF's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Emi Grodzki (44 yo)
Mr. Emiliano Joel Grodzki, also known as Emi, has been the Chief Strategy Officer at Blockchain Mining Limited since March 7, 2018 and has also been its Director since February 19, 2018. Mr. Grodzki is a F...
CEO Compensation Analysis
Compensation vs Market: Emi's total compensation ($USD174.80K) is below average for companies of similar size in the Canadian market ($USD802.67K).
Compensation vs Earnings: Emi's compensation has been consistent with company performance over the past year.
Experienced Management: BITF's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: BITF's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BITF insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 71.4%.
Bitfarms Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Bitfarms Ltd.
- Ticker: BITF
- Exchange: TSXV
- Founded: 2017
- Industry: Application Software
- Sector: Software
- Market Cap: CA$743.937m
- Shares outstanding: 145.02m
- Website: https://www.bitfarms.com
Number of Employees
- Bitfarms Ltd.
- 18 King Street East
- Suite 902
- M5C 1C4
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates tran...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/19 22:37|
|End of Day Share Price||2021/04/19 00:00|
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.