CleanSpark
Market Cap
US$263.1m
Last Updated
2021/04/16 23:26 UTC
Data Sources
Company Financials +
Executive Summary
CleanSpark, Inc. provides energy software and control technology solutions worldwide. More Details
Snowflake Analysis
High growth potential with adequate balance sheet.
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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 has decreased from 27% to 21% over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
-14.3%
CLSK
2.3%
US Software
1.3%
US Market
1 Year Return
1,041.0%
CLSK
56.0%
US Software
53.9%
US Market
Return vs Industry: CLSK exceeded the US Software industry which returned 56% over the past year.
Return vs Market: CLSK exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| CLSK | Industry | Market | |
|---|---|---|---|
| 7 Day | -14.3% | 2.3% | 1.3% |
| 30 Day | -20.3% | 8.1% | 3.3% |
| 90 Day | -39.2% | 12.0% | 8.9% |
| 1 Year | 1,041.0%1,041.0% | 57.1%56.0% | 56.6%53.9% |
| 3 Year | -4.8%-4.8% | 146.1%138.6% | 64.4%53.6% |
| 5 Year | -45.9%-45.9% | 329.4%305.3% | 120.4%95.7% |
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
2 months ago | Simply Wall St
One CleanSpark, Inc. (NASDAQ:CLSK) Analyst Just Lifted Their Revenue Forecasts By A Stunning 78%3 months ago | Simply Wall St
Imagine Holding CleanSpark (NASDAQ:CLSK) Shares While The Price Zoomed 443% Higher5 months ago | Simply Wall St
Market Sentiment Around Loss-Making CleanSpark, Inc. (NASDAQ:CLSK)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 ($18.94) is trading below our estimate of fair value ($70.43)
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 (6.3x) compared to the US Software industry average (8.7x).
Future Growth
How is CleanSpark forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
44.6%
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 (34.9% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: CLSK's revenue (34.9% 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?
-37.1%
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 37.1% 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 (16.3%).
Return on Equity
High ROE: CLSK has a negative Return on Equity (-39.7%), as it is currently unprofitable.
Financial Health
How is CleanSpark's financial position?
Financial Position Analysis
Short Term Liabilities: CLSK's short term assets ($33.3M) exceed its short term liabilities ($4.6M).
Long Term Liabilities: CLSK's short term assets ($33.3M) exceed its long term liabilities ($1.5M).
Debt to Equity History and Analysis
Debt Level: CLSK's debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CLSK's debt to equity ratio has reduced over the 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: CLSK has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CLSK has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.3% each year
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?
1.5yrs
Average management tenure
CEO
Zach Bradford (34 yo)
1.5yrs
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 above average for companies of similar size in the US market ($USD1.01M).
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 ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: CLSK's board of directors are considered experienced (3.4 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 596.2%.
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$263.117m
- Shares outstanding: 33.86m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 23:26 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
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.