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Market Cap

UK£656.6m

Last Updated

2021/05/10 18:50 UTC

Data Sources

Company Financials +

Executive Summary

Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. More Details


Snowflake Analysis

Exceptional growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has Argo Blockchain's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARB is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: ARB's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

-16.0%

ARB

-2.6%

GB Software

2.1%

GB Market


1 Year Return

3,046.7%

ARB

5.5%

GB Software

26.3%

GB Market

Return vs Industry: ARB exceeded the UK Software industry which returned 5.5% over the past year.

Return vs Market: ARB exceeded the UK Market which returned 26.3% over the past year.


Shareholder returns

ARBIndustryMarket
7 Day-16.0%-2.6%2.1%
30 Day-27.2%-5.1%3.5%
90 Day25.9%-2.1%8.8%
1 Year3,046.7%3,046.7%15.1%5.5%31.9%26.3%
3 Yearn/a19.0%5.0%12.9%-0.1%
5 Yearn/a31.8%7.6%51.5%22.8%

Long-Term Price Volatility Vs. Market

How volatile is Argo Blockchain's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Argo Blockchain undervalued compared to its fair value and its price relative to the market?

342.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ARB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ARB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ARB is poor value based on its PE Ratio (342.9x) compared to the GB Software industry average (56.6x).

PE vs Market: ARB is poor value based on its PE Ratio (342.9x) compared to the UK market (26.4x).


Price to Earnings Growth Ratio

PEG Ratio: ARB is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: ARB is overvalued based on its PB Ratio (20.3x) compared to the GB Software industry average (4.3x).


Future Growth

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

78.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARB's forecast earnings growth (78.1% per year) is above the savings rate (0.9%).

Earnings vs Market: ARB's earnings (78.1% per year) are forecast to grow faster than the UK market (17.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARB's revenue (61.5% per year) is forecast to grow faster than the UK market (5.3% per year).

High Growth Revenue: ARB's revenue (61.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ARB's Return on Equity is forecast to be high in 3 years time (23.4%)


Past Performance

How has Argo Blockchain performed over the past 5 years?

118.9%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: ARB has high quality earnings.

Growing Profit Margin: ARB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ARB has become profitable over the past 5 years.

Accelerating Growth: ARB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ARB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (4.4%).


Return on Equity

High ROE: ARB's Return on Equity (5.9%) is considered low.


Financial Health

How is Argo Blockchain's financial position?


Financial Position Analysis

Short Term Liabilities: ARB's short term assets (£8.9M) exceed its short term liabilities (£4.4M).

Long Term Liabilities: ARB's short term assets (£8.9M) exceed its long term liabilities (£3.9M).


Debt to Equity History and Analysis

Debt Level: ARB's debt to equity ratio (0.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ARB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ARB's debt is well covered by operating cash flow (2037.6%).

Interest Coverage: ARB's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Dividend

What is Argo Blockchain current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ARB'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 ARB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARB'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 ARB's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Peter Wall (43 yo)

1.33yrs

Tenure

Mr. Peter G. Wall serves as Non-Executive Chairman of Cellular Goods PLC. He serves as Director since December 3, 2019 at Cellular Goods PLC. Mr. Wall serves as Chief Executive Officer and Director at Argo...


Leadership Team

Experienced Management: ARB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ARB's board of directors are not considered experienced ( 1.3 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: ARB 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 30%.


Top Shareholders

Company Information

Argo Blockchain plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Argo Blockchain plc
  • Ticker: ARB
  • Exchange: LSE
  • Founded: 2017
  • Industry: Application Software
  • Sector: Software
  • Market Cap: UK£656.629m
  • Shares outstanding: 381.76m
  • Website: https://www.argoblockchain.com

Number of Employees


Location

  • Argo Blockchain plc
  • Room 4
  • 1st Floor
  • London
  • Greater London
  • SW1Y 6LX
  • United Kingdom

Listings


Biography

Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. The company was formerly known as GoSun Blockchain Limited an...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 18:50
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.