TSXV:HIVE

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HIVE Blockchain Technologies

Executive Summary

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


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

HIVEIndustryMarket
7 Day36.1%4.2%2.6%
30 Day133.3%17.7%13.3%
90 Day127.9%9.4%6.0%
1 Year600.0%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 Year3,820.0%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

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

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

NamePositionTenureCompensationOwnership
Frank Holmes
Interim Executive Chairman & Interim CEO1.83yrsUS$360.14k0.16%
$ 501.6k
Olivier Newton
Founder3.25yrsUS$356.14k1.02%
$ 3.1m
Darcy Daubaras
Chief Financial Officer2.08yrsUS$562.14k0.036%
$ 110.0k

2.1yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Frank Holmes
Interim Executive Chairman & Interim CEO1.83yrsUS$360.14k0.16%
$ 501.6k
Olivier Newton
Founder3.25yrsUS$356.14k1.02%
$ 3.1m
Marcus New
Independent Director2.67yrsUS$360.14k0.0087%
$ 26.4k
Ian Mann
Director0.42yrno datano data
Tobias Ebel
Director3.25yrsUS$608.46k0.036%
$ 110.0k
Dave Perrill
Independent Director1.08yrsUS$318.14k0.036%
$ 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

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 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 Analysis2020/11/28 00:47
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
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.