HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company.
+ 2 more risks
Excellent balance sheet and overvalued.
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.
7 Day Return
1 Year Return
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.
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
Is HIVE Blockchain Technologies undervalued compared to its fair value and its price relative to the market?
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).
How is HIVE Blockchain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine HIVE Blockchain Technologies'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.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access HIVE Blockchain Technologies's filings and announcements here.
- Explore growth companies in the Software industry.
How has HIVE Blockchain Technologies performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Frank Holmes (64yo)
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 ...
|Interim Executive Chairman & Interim CEO||1.1yrs||US$62.32k||0.17% $117.3k|
|Chief Financial Officer||1.3yrs||US$201.92k||no data|
Experienced Management: HVBT.F's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Interim Executive Chairman & Interim CEO||1.1yrs||US$62.32k||0.17% $117.3k|
|Independent Director||1.9yrs||US$60.05k||0.0092% $6.2k|
|Independent Director||0.3yrs||no data||no data|
Experienced Board: HVBT.F's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8%.
HIVE Blockchain Technologies Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- HIVE Blockchain Technologies Ltd.
- 555 Burrard Street
- British Columbia
- V7X 1M8
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HIVE||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Sep 1988|
|HVBT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1988|
|HBF||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1988|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:50|
|End of Day Share Price||2020/02/27 00:00|
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.