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HIVE

HIVE Blockchain TechnologiesTSXV:HIVE Stock Report

Market Cap

CA$1.9b

7D

-10.4%

1Y

385.7%

Updated

28 Nov, 2021

Data

Company Financials +
HIVE fundamental analysis
Snowflake Score
Valuation1/6
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

Hut 8 Mining

TSX:HUT

CA$2.6b

Bitfarms

TSXV:BITF

CA$1.7b

DMG Blockchain Solutions

TSXV:DMGI

CA$197.0m

Digihost Technology

TSXV:DGHI

CA$167.4m

Price History & Performance

Summary of all time highs, changes and price drops for HIVE Blockchain Technologies
Historical stock prices
Current Share PriceCA$4.76
52 Week HighCA$7.25
52 Week LowCA$1.10
Beta5.47
1 Month Change8.92%
3 Month Change19.00%
1 Year Change385.71%
3 Year Change1,486.67%
5 Year Change4,660.00%
Change since IPO-40.50%

Recent News & Updates

Nov 03
Investors Should Be Encouraged By HIVE Blockchain Technologies' (CVE:HIVE) Returns On Capital

Investors Should Be Encouraged By HIVE Blockchain Technologies' (CVE:HIVE) Returns On Capital

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-10.4%-4.4%-1.7%
1Y385.7%36.0%21.9%

Return vs Industry: HIVE exceeded the Canadian Software industry which returned 36% over the past year.

Return vs Market: HIVE exceeded the Canadian Market which returned 21.9% over the past year.

Price Volatility

Is HIVE's price volatile compared to industry and market?
HIVE volatility
HIVE Average Weekly Movement12.3%
Software Industry Average Movement11.5%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.5%

Stable Share Price: HIVE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: HIVE's weekly volatility (12%) has been stable over the past year.

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$1.45b
Earnings (TTM)US$104.88m
Revenue (TTM)US$136.99m

13.8x

P/E Ratio

10.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIVE income statement (TTM)
RevenueUS$136.99m
Cost of RevenueUS$22.62m
Gross ProfitUS$114.37m
ExpensesUS$9.48m
EarningsUS$104.88m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin83.49%
Net Profit Margin76.56%
Debt/Equity Ratio13.0%

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?

13.8x

Price to Earnings (PE) 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 good value based on its PE Ratio (13.8x) compared to the Canadian Software industry average (71.3x).

PE vs Market: HIVE is poor value based on its PE Ratio (13.8x) compared to the Canadian market (12.5x).


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's PB Ratio (5.4x) is in line with the CA Software industry average.


Future Growth

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

48.0%

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.


Past Performance

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

25.6%

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 (76.6%) are higher than last year (51.4%).


Past Earnings Growth Analysis

Earnings Trend: HIVE has become profitable over the past 5 years, growing earnings by 25.6% per year.

Accelerating Growth: HIVE's earnings growth over the past year (584.7%) exceeds its 5-year average (25.6% per year).

Earnings vs Industry: HIVE earnings growth over the past year (584.7%) exceeded the Software industry 35.4%.


Return on Equity

High ROE: HIVE's Return on Equity (39.3%) is considered high.


Financial Health

How is HIVE Blockchain Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HIVE's short term assets ($151.8M) exceed its short term liabilities ($10.2M).

Long Term Liabilities: HIVE's short term assets ($151.8M) exceed its long term liabilities ($41.5M).


Debt to Equity History and Analysis

Debt Level: HIVE's net debt to equity ratio (5.8%) is considered satisfactory.

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 (116.3%).

Interest Coverage: HIVE's interest payments on its debt are well covered by EBIT (78.7x coverage).


Balance Sheet


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?

1.6yrs

Average management tenure


CEO

Frank Holmes (66 yo)

2.83yrs

Tenure

US$254,078

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

Experienced Management: HIVE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: HIVE's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HIVE insiders have only sold shares 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 12.5%.


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
  • Market Cap: CA$1.851b
  • Shares outstanding: 388.81m
  • 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 Analysis2021/11/28 23:14
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
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.