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CIFR

Cipher Mining NasdaqGS:CIFR Stock Report

Last Price

US$1.40

Market Cap

US$381.1m

7D

-17.6%

1Y

-85.9%

Updated

28 Jun, 2022

Data

Company Financials
CIFR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CIFR Stock Overview

Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States.

Cipher Mining Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cipher Mining
Historical stock prices
Current Share PriceUS$1.40
52 Week HighUS$15.39
52 Week LowUS$1.29
Beta0
1 Month Change-38.05%
3 Month Change-61.85%
1 Year Change-85.93%
3 Year Changen/a
5 Year Changen/a
Change since IPO-85.71%

Recent News & Updates

Shareholder Returns

CIFRUS SoftwareUS Market
7D-17.6%8.1%6.3%
1Y-85.9%-20.3%-18.8%

Return vs Industry: CIFR underperformed the US Software industry which returned -20.3% over the past year.

Return vs Market: CIFR underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is CIFR's price volatile compared to industry and market?
CIFR volatility
CIFR Average Weekly Movement20.7%
Software Industry Average Movement11.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: CIFR is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: CIFR's weekly volatility has increased from 16% to 21% over the past year.

About the Company

FoundedEmployeesCEOWebsite
202110Rodney Pagehttps://www.ciphermining.com

Cipher Mining Inc., a technology company, operates in the bitcoin mining ecosystem in the United States. It engages in developing and growing a cryptocurrency mining business that specializes in bitcoin. The company was incorporated in 2021 and is based in New York, New York.

Cipher Mining Fundamentals Summary

How do Cipher Mining's earnings and revenue compare to its market cap?
CIFR fundamental statistics
Market CapUS$381.13m
Earnings (TTM)-US$96.10m
Revenue (TTM)n/a

0.0x

P/S Ratio

-3.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIFR income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$96.10m
Earnings-US$96.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.39
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did CIFR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CIFR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIFR?

Other financial metrics that can be useful for relative valuation.

CIFR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-3.7x
PEG Ration/a

Price to Book Ratio vs Peers

How does CIFR's PB Ratio compare to its peers?

CIFR PB Ratio vs Peers
The above table shows the PB ratio for CIFR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.7x
GTYH GTY Technology Holdings
1.4xn/aUS$370.7m
MITK Mitek Systems
2.2x64.6%US$411.5m
DSP Viant Technology
1.3x66.7%US$342.0m
DAVE Dave
1.8x-16.3%US$305.8m
CIFR Cipher Mining
1xn/aUS$346.5m

Price-To-Book vs Peers: CIFR is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.7x).


Price to Earnings Ratio vs Industry

How does CIFR's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Book vs Industry: CIFR is good value based on its Price-To-Book Ratio (1x) compared to the US Software industry average (3.6x)


Price to Book Ratio vs Fair Ratio

What is CIFR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIFR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate CIFR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CIFR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CIFR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CIFR's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIFR's PEG Ratio to determine if it is good value.


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Future Growth

How is Cipher Mining forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.1%

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 Cipher Mining 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.


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  • Examine Cipher Mining'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.

Past Performance

How has Cipher Mining performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-589.4%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: CIFR is currently unprofitable.

Growing Profit Margin: CIFR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if CIFR's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare CIFR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CIFR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.1%).


Return on Equity

High ROE: CIFR has a negative Return on Equity (-28.06%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Cipher Mining's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CIFR's short term assets ($111.1M) exceed its short term liabilities ($10.0M).

Long Term Liabilities: CIFR's short term assets ($111.1M) exceed its long term liabilities ($5.4M).


Debt to Equity History and Analysis

Debt Level: CIFR is debt free.

Reducing Debt: CIFR has not had any debt for past 5 years.


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: CIFR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CIFR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 150.8% each year


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Dividend

What is Cipher Mining current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CIFR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CIFR has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Rodney Page (44 yo)

0.83

Tenure

US$102,652,628

Compensation

Mr. Rodney Tyler Page has been the Chief Executive Officer and Director of Cipher Mining Inc. since August 27, 2021. From 2020 to 2021, he was Head of Business Development for digital asset infrastructure...


CEO Compensation Analysis

Compensation vs Market: Rodney's total compensation ($USD102.65M) is above average for companies of similar size in the US market ($USD2.75M).

Compensation vs Earnings: Insufficient data to compare Rodney's compensation with company performance.


Leadership Team

Experienced Management: CIFR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CIFR's board of directors are not considered experienced ( 0.8 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Cipher Mining Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cipher Mining Inc.
  • Ticker: CIFR
  • Exchange: NasdaqGS
  • Founded: 2021
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$381.134m
  • Shares outstanding: 247.49m
  • Website: https://www.ciphermining.com

Number of Employees


Location

  • Cipher Mining Inc.
  • 1 Vanderbilt Avenue
  • Suite C
  • New York
  • New York
  • 10017
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.