Executive Summary
HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet with weak fundamentals.
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 75% of Canadian stocks over the past 3 months, typically moving +/- 19% a week.
Volatility Over Time: HIVE's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
Market Performance
7 Day Return
36.1%
HIVE
4.2%
CA Software
2.6%
CA Market
1 Year Return
600.0%
HIVE
32.9%
CA Software
0.5%
CA Market
Return vs Industry: HIVE exceeded the Canadian Software industry which returned 32.9% over the past year.
Return vs Market: HIVE exceeded the Canadian Market which returned 0.5% over the past year.
Shareholder returns
| HIVE | Industry | Market | |
|---|---|---|---|
| 7 Day | 36.1% | 4.2% | 2.6% |
| 30 Day | 133.3% | 17.7% | 13.3% |
| 90 Day | 127.9% | 9.4% | 6.0% |
| 1 Year | 600.0%600.0% | 33.3%32.9% | 4.2%0.5% |
| 3 Year | -71.6%-71.6% | 73.7%70.0% | 13.0%2.0% |
| 5 Year | 3,820.0%3,820.0% | 137.3%129.1% | 49.8%26.8% |
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
2 months ago | Simply Wall St
Estimating The Intrinsic Value Of HIVE Blockchain Technologies Ltd. (CVE:HIVE)5 months ago | Simply Wall St
Can You Imagine How Elated HIVE Blockchain Technologies' (CVE:HIVE) Shareholders Feel About Its 485% Share Price Gain?6 months ago | Simply Wall St
How Many HIVE Blockchain Technologies Ltd. (CVE:HIVE) Shares Have Insiders Sold, In The Last Year?Valuation
Is HIVE Blockchain Technologies undervalued compared to its fair value and its price relative to the market?
10.11x
Price to Book (PB) 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 is unprofitable, so we can't compare its PE Ratio to the CA 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
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 (10.1x) compared to the CA Software industry average (5.1x).
Next Steps
Future Growth
How is HIVE Blockchain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.6%
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.
Next Steps
- Examine HIVE Blockchain Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- HIVE Blockchain Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has HIVE Blockchain Technologies performed over the past 5 years?
-54.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIVE is currently unprofitable.
Growing Profit Margin: HIVE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HIVE is unprofitable, and losses have increased over the past 5 years at a rate of 54.4% 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 (30%).
Return on Equity
High ROE: HIVE has a negative Return on Equity (-21.07%), as it is currently unprofitable.
Next Steps
Financial Health
How is HIVE Blockchain Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: HIVE's short term assets ($20.3M) exceed its short term liabilities ($9.6M).
Long Term Liabilities: HIVE's short term assets ($20.3M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: HIVE's debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: HIVE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: HIVE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.6% each year
Next Steps
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?
2.1yrs
Average management tenure
CEO
Frank Holmes (65 yo)
1.83yrs
Tenure
US$360,140
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim Executive Chairman & Interim CEO | 1.83yrs | US$360.14k | 0.16% $ 501.6k | |
| Founder | 3.25yrs | US$356.14k | 1.02% $ 3.1m | |
| Chief Financial Officer | 2.08yrs | US$562.14k | 0.036% $ 110.0k |
2.1yrs
Average Tenure
Experienced Management: HIVE's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim Executive Chairman & Interim CEO | 1.83yrs | US$360.14k | 0.16% $ 501.6k | |
| Founder | 3.25yrs | US$356.14k | 1.02% $ 3.1m | |
| Independent Director | 2.67yrs | US$360.14k | 0.0087% $ 26.4k | |
| Director | 0.42yr | no data | no data | |
| Director | 3.25yrs | US$608.46k | 0.036% $ 110.0k | |
| Independent Director | 1.08yrs | US$318.14k | 0.036% $ 110.0k |
3.0yrs
Average Tenure
63yo
Average Age
Experienced Board: HIVE's board of directors are not considered experienced ( 3 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 5.7%.
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$304.190m
- Shares outstanding: 345.67m
- Website: https://www.hiveblockchain.com
Location
- HIVE Blockchain Technologies Ltd.
- 555 Burrard Street
- Vancouver
- British Columbia
- V7X 1M8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HIVE | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Sep 1988 |
| HVBT.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 1988 |
| HBF | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1988 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 00:47 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.