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HIVE Blockchain Technologies

Market Cap

CA$1.6b

Last Updated

2021/04/19 22:16 UTC

Data Sources

Company Financials

Executive Summary

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has HIVE Blockchain Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HIVE is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: HIVE'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

-20.5%

HIVE

-1.0%

CA Software

0.6%

CA Market


1 Year Return

1,496.1%

HIVE

63.3%

CA Software

38.5%

CA Market

Return vs Industry: HIVE exceeded the Canadian Software industry which returned 63.3% over the past year.

Return vs Market: HIVE exceeded the Canadian Market which returned 38.5% over the past year.


Shareholder returns

HIVEIndustryMarket
7 Day-20.5%-1.0%0.6%
30 Day-13.2%5.4%2.0%
90 Day33.9%7.0%8.5%
1 Year1,496.1%1,496.1%71.3%63.3%43.2%38.5%
3 Year159.2%159.2%94.4%83.4%32.0%19.2%
5 Year13,466.7%13,466.7%212.8%192.2%57.6%33.4%

Long-Term Price Volatility Vs. Market

How volatile is HIVE Blockchain Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HIVE Blockchain Technologies undervalued compared to its fair value and its price relative to the market?

37.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HIVE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HIVE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HIVE's PE Ratio (40.5x) is in line with the CA Software industry average.

PE vs Market: HIVE is poor value based on its PE Ratio (40.5x) compared to the Canadian market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HIVE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HIVE is overvalued based on its PB Ratio (22.7x) compared to the CA Software industry average (9.8x).


Future Growth

How is HIVE Blockchain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.2%

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 HIVE Blockchain Technologies 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 HIVE Blockchain Technologies performed over the past 5 years?

-24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HIVE has a high level of non-cash earnings.

Growing Profit Margin: HIVE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HIVE has become profitable over the past 5 years, growing earnings by -24.2% per year.

Accelerating Growth: HIVE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HIVE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (38.8%).


Return on Equity

High ROE: HIVE's Return on Equity (54.8%) is considered outstanding.


Financial Health

How is HIVE Blockchain Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HIVE's short term assets ($35.3M) exceed its short term liabilities ($12.1M).

Long Term Liabilities: HIVE's short term assets ($35.3M) exceed its long term liabilities ($1.2M).


Debt to Equity History and Analysis

Debt Level: HIVE's debt to equity ratio (5.8%) is considered satisfactory.

Reducing Debt: HIVE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: HIVE's debt is well covered by operating cash flow (668.3%).

Interest Coverage: HIVE's interest payments on its debt are well covered by EBIT (89.6x coverage).


Balance Sheet


Dividend

What is HIVE Blockchain Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HIVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HIVE'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 HIVE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HIVE'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 HIVE'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?

3.1yrs

Average board tenure


CEO

Frank Holmes (65 yo)

2.25yrs

Tenure

US$254,078

Compensation

Mr. Frank Edward Holmes serves as the Chief Executive Officer at U.S. Global Investors, Inc. since October 1989 and has been its Chief Investment Officer since June 1999. Mr. Holmes serves as the Director ...


Board Members

Experienced Board: HIVE's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HIVE insiders have sold more shares than they have bought 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 7.5%.


Top Shareholders

Company Information

HIVE Blockchain Technologies Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HIVE Blockchain Technologies Ltd.
  • Ticker: HIVE
  • Exchange: TSXV
  • Founded: 1987
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$1.610b
  • Shares outstanding: 367.64m
  • Website: https://www.hiveblockchain.com

Location

  • HIVE Blockchain Technologies Ltd.
  • 555 Burrard Street
  • Vancouver
  • British Columbia
  • V7X 1M8
  • Canada

Listings


Biography

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It is involved in the mining and sale of digital currencies, such as Ethereum, Ethereum Classic...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/19 22:16
End of Day Share Price2021/04/19 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.