TSXV:HIVE

Stock Analysis Report

HIVE Blockchain Technologies

Executive Summary

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


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


Market Performance


7 Day Return

2.5%

HIVE

-2.6%

CA Software

-0.2%

CA Market


1 Year Return

-64.7%

HIVE

17.4%

CA Software

1.1%

CA Market

Return vs Industry: HIVE underperformed the Canadian Software industry which returned 17.4% over the past year.

Return vs Market: HIVE underperformed the Canadian Market which returned 1.1% over the past year.


Shareholder returns

HIVEIndustryMarket
7 Day2.5%-2.6%-0.2%
30 Day-26.8%-4.3%-3.3%
90 Day-46.8%-0.8%-1.6%
1 Year-64.7%-64.7%19.3%17.4%4.6%1.1%
3 Year115.8%115.8%69.1%65.1%13.1%3.1%
5 Yearn/a151.1%143.8%24.7%6.7%

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?

1.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: HIVE is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: HIVE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low 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 good value based on its PB Ratio (1.8x) compared to the CA Software industry average (2.5x).


Next Steps

Future Growth

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

13.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HIVE's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if HIVE'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: HIVE's revenue (13.6% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: HIVE's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if HIVE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-86.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HIVE is unprofitable, and losses have increased over the past 5 years at a rate of -86.2% per year.

Accelerating Growth: Unable to compare HIVE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HIVE is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23.6%).


Return on Equity

High ROE: HIVE has a negative Return on Equity (-461.52%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: HIVE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: HIVE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is HIVE Blockchain Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HIVE's short term assets ($21.9M) exceeds its short term liabilities ($4.7M)

Long Term Liabilities: HIVE's short term assets (21.9M) exceeds its long term liabilities (356.1K)


Debt to Equity History and Analysis

Debt Level: HIVE's debt to equity ratio (10.2%) is considered satisfactory

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


Balance Sheet

Inventory Level: HIVE has a high level of physical assets or inventory.

Debt Coverage by Assets: HIVE's debt is covered by short term assets (assets are 7.625330x debt).


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: HIVE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: HIVE has sufficient cash runway for 1.341310 years if free cash flow continues to reduce at historical rates of -59.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of HIVE Blockchain Technologies's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average management tenure


CEO

Frank Holmes (64yo)

0.8yrs

Tenure

US$391,735

Compensation

Mr. Frank Edward Holmes serves as Independent Chairman at GoldSpot Discoveries Corp.,since February 2019. Mr. Holmes serves as Interim Chief Executive Officer of HIVE Blockchain Technologies Ltd. since 201 ...


Management Age and Tenure

0.9yrs

Average Tenure

Experienced Management: HIVE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Age and Tenure

2.2yrs

Average Tenure

Experienced Board: HIVE's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$2,845,15902 Aug 19
Genesis Mining Ltd.
EntityCompany
Shares6,584,560
Max PriceUS$0.51
SellUS$8,400,01026 Jul 19
Genesis Mining Ltd.
EntityCompany
Shares24,000,000
Max PriceUS$0.35

Ownership Breakdown


Management Team

  • Frank Holmes (64yo)

    Interim Executive Chairman & Interim CEO

    • Tenure: 0.8yrs
    • Compensation: US$391.74k
  • Darcy Daubaras

    Chief Financial Officer

    • Tenure: 0.9yrs
  • Olivier Newton

    Founder

    • Tenure: 2.2yrs
    • Compensation: US$391.74k

Board Members

  • Marcus New (48yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$151.05k
  • Frank Holmes (64yo)

    Interim Executive Chairman & Interim CEO

    • Tenure: 0.8yrs
    • Compensation: US$391.74k
  • Olivier Newton

    Founder

    • Tenure: 2.2yrs
    • Compensation: US$391.74k
  • Tobias Ebel

    Director

    • Tenure: 2.2yrs
    • Compensation: US$498.78k

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$67.044m
  • Shares outstanding: 327.05m
  • Website: https://www.hiveblockchain.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIVETSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
HVBT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
HBFDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988

Biography

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company. It is involved in the mining and sale of digital currencies, such as Ethereum, Ethereum Classic, ZCash, and Bitcoin. The compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:37
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.