HIVE Blockchain Technologies (TSXV:HIVE) - Share price, News & Analysis

HIVE fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

HIVE Stock Overview

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

Rewards

Price-To-Earnings ratio (2x) is below the Canadian market (11.5x)

Earnings grew by 416% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 37.5% per year for the next 3 years

High level of non-cash earnings

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

HIVE Blockchain Technologies Competitors

Hut 8 Mining

TSX:HUT

CA$497.4m

Bitfarms

TSX:BITF

CA$438.7m

DMG Blockchain Solutions

TSXV:DMGI

CA$61.0m

Digihost Technology

TSXV:DGHI

CA$56.1m

Price History & Performance

Summary of all time highs, changes and price drops for HIVE Blockchain Technologies
Historical stock prices
Current Share Price	CA$4.71
52 Week High	CA$32.85
52 Week Low	CA$4.15
Beta	5.62
1 Month Change	-55.36%
3 Month Change	-62.02%
1 Year Change	-70.65%
3 Year Change	62.41%
5 Year Change	359.51%
Change since IPO	-88.23%

Recent News & Updates

Apr 28

HIVE Blockchain Technologies Ltd.'s (CVE:HIVE) 30% Dip In Price Shows Sentiment Is Matching Earnings

HIVE Blockchain Technologies Ltd. ( CVE:HIVE ) shareholders won't be pleased to see that the share price has had a very...

Mar 30

HIVE Blockchain Technologies (CVE:HIVE) Could Become A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

	HIVE	CA Software	CA Market
7D	-15.9%	0.2%	1.7%
1Y	-70.7%	-21.7%	4.7%

Return vs Industry: HIVE underperformed the Canadian Software industry which returned -20.6% over the past year.

Return vs Market: HIVE underperformed the Canadian Market which returned 5.2% over the past year.

Price Volatility

Is HIVE's price volatile compared to industry and market?
HIVE volatility
HIVE Average Weekly Movement	15.5%
Software Industry Average Movement	12.1%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: HIVE is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: HIVE's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
1987	19	Frank Holmes	https://www.hiveblockchain.com

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd.

HIVE Blockchain Technologies Fundamentals Summary

How do HIVE Blockchain Technologies's earnings and revenue compare to its market cap?
HIVE fundamental statistics
Market Cap	US$301.87m
Earnings (TTM)	US$151.67m
Revenue (TTM)	US$191.46m

2.0x

P/E Ratio

1.6x

P/S Ratio

Is HIVE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIVE income statement (TTM)
Revenue	US$191.46m
Cost of Revenue	US$26.07m
Gross Profit	US$165.40m
Other Expenses	US$13.73m
Earnings	US$151.67m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.84
Gross Margin	86.39%
Net Profit Margin	79.22%
Debt/Equity Ratio	7.9%

How did HIVE perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.99x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HIVE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HIVE's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: HIVE is good value based on its Price-To-Earnings Ratio (2x) compared to the Canadian Software industry average (44.8x).

PE vs Market: HIVE is good value based on its Price-To-Earnings Ratio (2x) compared to the Canadian market (11.5x).

Price to Earnings Growth Ratio

PEG Ratio: HIVE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: HIVE is good value based on its Price-To-Book Ratio (0.7x) compared to the CA Software industry average (2.3x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-37.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HIVE's earnings are forecast to decline over the next 3 years (-37.5% per year).

Earnings vs Market: HIVE's earnings are forecast to decline over the next 3 years (-37.5% per year).

High Growth Earnings: HIVE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HIVE's revenue (0.6% per year) is forecast to grow slower than the Canadian market (6.3% per year).

High Growth Revenue: HIVE's revenue (0.6% 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 HIVE's Return on Equity is forecast to be high in 3 years time

Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

41.8%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: HIVE's current net profit margins (79.2%) are higher than last year (76.3%).

Past Earnings Growth Analysis

Earnings Trend: HIVE has become profitable over the past 5 years, growing earnings by 41.8% per year.

Accelerating Growth: HIVE's earnings growth over the past year (416%) exceeds its 5-year average (41.8% per year).

Earnings vs Industry: HIVE earnings growth over the past year (416%) exceeded the Software industry -9.1%.

Return on Equity

High ROE: HIVE's Return on Equity (35.1%) is considered high.

Financial Health

How is HIVE Blockchain Technologies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: HIVE's short term assets ($268.5M) exceed its short term liabilities ($15.4M).

Long Term Liabilities: HIVE's short term assets ($268.5M) exceed its long term liabilities ($39.8M).

Debt to Equity History and Analysis

Debt Level: HIVE has more cash than its total debt.

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 (167%).

Interest Coverage: HIVE's interest payments on its debt are well covered by EBIT (41.7x coverage).

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HIVE has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure

CEO

Frank Holmes (66 yo)

3.33yrs

Tenure

US$75,524

Compensation

Mr. Frank Edward Holmes serves as 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 of U...

Leadership Team

Experienced Management: HIVE's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: HIVE's board of directors are not considered experienced ( 2.6 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 8.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/03/31