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HIVE

HIVE Blockchain Technologies TSXV:HIVE Stock Report

Last Price

CA$4.71

Market Cap

CA$387.4m

7D

-15.9%

1Y

-70.7%

Updated

25 May, 2022

Data

Company Financials +
HIVE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

HIVE Stock Overview

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

HIVE Blockchain Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HIVE Blockchain Technologies
Historical stock prices
Current Share PriceCA$4.71
52 Week HighCA$32.85
52 Week LowCA$4.15
Beta5.62
1 Month Change-55.36%
3 Month Change-62.02%
1 Year Change-70.65%
3 Year Change62.41%
5 Year Change359.51%
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.'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

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

HIVECA SoftwareCA 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 Movement15.5%
Software Industry Average Movement12.1%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market4.3%

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

FoundedEmployeesCEOWebsite
198719Frank Holmeshttps://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 CapUS$301.87m
Earnings (TTM)US$151.67m
Revenue (TTM)US$191.46m

2.0x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIVE income statement (TTM)
RevenueUS$191.46m
Cost of RevenueUS$26.07m
Gross ProfitUS$165.40m
Other ExpensesUS$13.73m
EarningsUS$151.67m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.84
Gross Margin86.39%
Net Profit Margin79.22%
Debt/Equity Ratio7.9%

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%.


Top Shareholders

Company Information

HIVE Blockchain Technologies Ltd.'s 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
  • Implied Market Cap: CA$387.360m
  • Shares outstanding: 82.24m
  • Website: https://www.hiveblockchain.com

Number of Employees


Location

  • HIVE Blockchain Technologies Ltd.
  • 789 West Pender Street
  • Suite 855
  • Vancouver
  • British Columbia
  • V6C 1H2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.