Argo Blockchain
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
Rewards
Risk Analysis
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
| ARB | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.0% | -2.6% | 2.1% |
| 30 Day | -27.2% | -5.1% | 3.5% |
| 90 Day | 25.9% | -2.1% | 8.8% |
| 1 Year | 3,046.7%3,046.7% | 15.1%5.5% | 31.9%26.3% |
| 3 Year | n/a | 19.0%5.0% | 12.9%-0.1% |
| 5 Year | n/a | 31.8%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
3 days ago | Simply Wall St
Argo Blockchain's (LON:ARB) Earnings Are Weaker Than They Seem1 month ago | Simply Wall St
Did Argo Blockchain plc (LON:ARB) Insiders Sell Shares?2 months ago | Simply Wall St
Argo Blockchain plc (LON:ARB) On The Verge Of Breaking EvenValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/10 18:50 |
| End of Day Share Price | 2021/05/10 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.