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Market Cap

US$533.7m

Last Updated

2021/05/16 23:46 UTC

Data Sources

Company Financials +

Executive Summary

CleanSpark, Inc. provides energy software and control technology solutions worldwide. More Details


Snowflake Analysis

Excellent balance sheet with high growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: CLSK's weekly volatility (21%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-18.7%

CLSK

-1.4%

US Software

-1.7%

US Market


1 Year Return

822.9%

CLSK

38.1%

US Software

50.8%

US Market

Return vs Industry: CLSK exceeded the US Software industry which returned 38% over the past year.

Return vs Market: CLSK exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

CLSKIndustryMarket
7 Day-18.7%-1.4%-1.7%
30 Day-17.2%-6.6%-1.5%
90 Day-44.4%-7.7%0.4%
1 Year822.9%822.9%39.0%38.1%53.3%50.8%
3 Year-46.8%-46.8%125.4%119.1%61.5%51.4%
5 Year-47.7%-47.7%296.8%276.5%125.8%100.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CLSK ($15.69) is trading below our estimate of fair value ($80.14)

Significantly Below Fair Value: CLSK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CLSK is unprofitable, so we can't compare its PE Ratio to the US Software industry average.

PE vs Market: CLSK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CLSK is good value based on its PB Ratio (1.4x) compared to the US Software industry average (7.6x).


Future Growth

How is CleanSpark forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

200.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLSK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CLSK is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLSK's is expected to become profitable in the next 3 years.

Revenue vs Market: CLSK's revenue (31.3% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: CLSK's revenue (31.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CLSK's Return on Equity is forecast to be high in 3 years time


Past Performance

How has CleanSpark performed over the past 5 years?

-30.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLSK is currently unprofitable.

Growing Profit Margin: CLSK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLSK is unprofitable, and losses have increased over the past 5 years at a rate of 30.1% per year.

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

Earnings vs Industry: CLSK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23.6%).


Return on Equity

High ROE: CLSK has a negative Return on Equity (-5.42%), as it is currently unprofitable.


Financial Health

How is CleanSpark's financial position?


Financial Position Analysis

Short Term Liabilities: CLSK's short term assets ($178.5M) exceed its short term liabilities ($7.3M).

Long Term Liabilities: CLSK's short term assets ($178.5M) exceed its long term liabilities ($1.6M).


Debt to Equity History and Analysis

Debt Level: CLSK is debt free.

Reducing Debt: CLSK had no debt 5 years ago.


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: CLSK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CLSK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is CleanSpark current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Zach Bradford (34 yo)

1.58yrs

Tenure

US$1,584,250

Compensation

Mr. Zachary K. Bradford, also known as Zach, has been President and Director of CleanSpark, Inc. since December 29, 2016 and March 6, 2014 respectively. He has been Chief Executive Officer of CleanSpark, I...


CEO Compensation Analysis

Compensation vs Market: Zach's total compensation ($USD1.58M) is about average for companies of similar size in the US market ($USD1.74M).

Compensation vs Earnings: Zach's compensation has increased whilst the company is unprofitable.


Leadership Team

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


Board Members

Experienced Board: CLSK's board of directors are considered experienced (3.5 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 244.8%.


Top Shareholders

Company Information

CleanSpark, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CleanSpark, Inc.
  • Ticker: CLSK
  • Exchange: NasdaqCM
  • Founded: 1987
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$533.739m
  • Shares outstanding: 34.02m
  • Website: https://www.cleanspark.com

Number of Employees


Location

  • CleanSpark, Inc.
  • 185 South 1800 West
  • Suite 3
  • Woods Cross
  • Utah
  • 84087
  • United States

Listings


Biography

CleanSpark, Inc. provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage renewable energy...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 23:46
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.