OTCPK:HVBT.F

Stock Analysis Report

HIVE Blockchain Technologies

Executive Summary

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company.


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HVBT.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-18.0%

HVBT.F

-9.9%

US Software

-10.6%

US Market


1 Year Return

-41.1%

HVBT.F

20.4%

US Software

5.2%

US Market

Return vs Industry: HVBT.F underperformed the US Software industry which returned 27.3% over the past year.

Return vs Market: HVBT.F underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

HVBT.FIndustryMarket
7 Day-18.0%-9.9%-10.6%
30 Day73.9%-5.5%-8.5%
90 Day105.4%1.9%-4.6%
1 Year-41.1%-41.1%21.7%20.4%7.4%5.2%
3 Yearn/a122.5%112.9%31.7%23.2%
5 Year783.2%783.2%190.9%169.8%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

4.06x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: HVBT.F 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 HVBT.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HVBT.F is good value based on its PB Ratio (3.7x) compared to the US Software industry average (5.5x).


Next Steps

Future Growth

How is HIVE Blockchain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

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 HIVE Blockchain Technologies 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.


Next Steps

Past Performance

How has HIVE Blockchain Technologies performed over the past 5 years?

-82.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HVBT.F is currently unprofitable.

Growing Profit Margin: HVBT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HVBT.F is unprofitable, and losses have increased over the past 5 years at a rate of -82% per year.

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

Earnings vs Industry: HVBT.F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19%).


Return on Equity

High ROE: HVBT.F has a negative Return on Equity (-679.78%), as it is currently unprofitable.


Next Steps

Financial Health

How is HIVE Blockchain Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HVBT.F's short term assets ($16.4M) exceed its short term liabilities ($9.5M).

Long Term Liabilities: HVBT.F's short term assets ($16.4M) exceed its long term liabilities ($318.6K).


Debt to Equity History and Analysis

Debt Level: HVBT.F's debt to equity ratio (17.6%) is considered satisfactory.

Reducing Debt: HVBT.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: HVBT.F has a high level of physical assets or inventory.

Debt Coverage by Assets: HVBT.F's debt is covered by short term assets (assets are 5.6x debt).


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

Forecast Cash Runway: HVBT.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -54.4% each year


Next Steps

Dividend

What is HIVE Blockchain Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HVBT.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HVBT.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HVBT.F'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 HVBT.F'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?

1.3yrs

Average management tenure


CEO

Frank Holmes (64yo)

1.1yrs

Tenure

US$62,317

Compensation

Mr. Frank Edward Holmes serves as Independent Chairman at GoldSpot Discoveries Corp.,since February 2019. Mr. Holmes serves as Interim Chief Executive Officer of HIVE Blockchain Technologies Ltd. since 201 ...


Leadership Team

NamePositionTenureCompensationOwnership
Frank Holmes
Interim Executive Chairman & Interim CEO1.1yrsUS$62.32k0.17% $117.3k
Olivier Newton
Founder2.5yrsUS$61.56k1.04% $699.7k
Darcy Daubaras
Chief Financial Officer1.3yrsUS$201.92kno data

1.3yrs

Average Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Frank Holmes
Interim Executive Chairman & Interim CEO1.1yrsUS$62.32k0.17% $117.3k
Olivier Newton
Founder2.5yrsUS$61.56k1.04% $699.7k
Marcus New
Independent Director1.9yrsUS$60.05k0.0092% $6.2k
Tobias Ebel
Director2.5yrsUS$173.37kno data
Dave Perrill
Independent Director0.3yrsno datano data

2.5yrs

Average Tenure

Experienced Board: HVBT.F's board of directors are not considered experienced ( 2.5 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: HVBT.F insiders have bought more shares than they have sold 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 8%.


Top Shareholders

Company Information

HIVE Blockchain Technologies Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HIVE Blockchain Technologies Ltd.
  • Ticker: HVBT.F
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Application Software
  • Sector: Software
  • Market Cap: CA$89.965m
  • Listing Market Cap: CA$67.329m
  • Shares outstanding: 327.15m
  • Website: https://www.hiveblockchain.com

Location

  • HIVE Blockchain Technologies Ltd.
  • 555 Burrard Street
  • Vancouver
  • British Columbia
  • V7X 1M8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIVETSXV (TSX Venture Exchange)YesCommon SharesCACADSep 1988
HVBT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1988
HBFDB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988

Biography

HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company. It is involved in the mining and sale of digital currencies, such as Ethereum, Ethereum Classic, ZCash, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017. HIVE Blockchain Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:50
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.