BITF:CA:TSV-Bitfarms Ltd (CAD)

COMMON STOCK | Capital Markets | TSV

Last Closing Price

CAD 5.90

Change

-0.10 (-1.67)%

Market Cap

CAD 0.50B

Volume

2.90M

Average Target Price

CAD 6.00 (+1.69%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins in North America. It operates through Backbone and Volta segments. The Backbone segment owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The Volta segment provides electrician services to commercial and residential customers in Quebec, Canada. It operates five server farms that mine various cryptocurrencies. The company was founded in 2017 and is headquartered in Toronto, Canada. Address: 1376 Bayview Avenue, Toronto, ON, Canada, M4G 3A1

Currency: CAD

Country : Canada

Technical Indicators

52 Week High : 9.34

Short Ratio : 0.04

52 Week Low : 0.28

Shorted Shares : 121,874

200 Day Moving Average : 1.52

Shorted Shares Previous Month : 2,068,842

50 Day Moving Average : 4.05

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-02-26 )

Largest Industry Peers for Capital Markets

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CSTR:CA CryptoStar Corp

-0.04 (-6.86%)

 CAD0.13B N/A 28.27
CWRK:CA CurrencyWorks Inc

-0.13 (-7.78%)

 CAD0.07B N/A N/A
BITK:CA BlockchainK2 Corp

-0.07 (-4.79%)

 CAD0.03B N/A N/A
DASH:CA Neptune Digital Assets Corp

N/A

 CAD0.02B 26.50 N/A
BKMT:CA Blockmint Technologies Inc

-0.01 (-2.56%)

 CAD0.02B 9.05 0.84
MPT:CA Midpoint Holdings Ltd

N/A

 CAD0.01B N/A N/A
DELX:CA DelphX Capital Markets Inc

+0.01 (+10.00%)

 CAD0.01B N/A N/A
HFC:CA Hampton Financial Corporation

N/A

 CAD9.94M N/A 16.31
IMIN:CA iMining Blockchain and Cryptoc..

N/A

 CAD6.35M 29.70 N/A
COIN:CA Coin Hodl Inc

N/A

 CAD4.47M N/A 1.05

ETFs Containing BITF:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Capital Markets)		 Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 136.00% 73% C 92% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 136.00% 73% C 92% A-
Trailing 12 Months  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) N/A N/A N/A N/A N/A
Risk Adjusted Return N/A N/A N/A N/A N/A
Market Capitalization 0.50B 100% A+ 99% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Capital Markets)		 Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 53.49 25% F 18% F
Price/Book Ratio 27.85 22% F 14% F
Price / Cash Flow Ratio 83.58 9% F 2% F
EV/EBITDA 99.10 20% F 11% F
Management Effectiveness  
Return on Equity -42.05% 50% F 40% F
Return on Invested Capital 12.25% 73% C 82% B-
Return on Assets -7.37% 73% C 65% D
Debt to Equity Ratio 52.87% 20% F 28% F
Technical Ratios  
Short Ratio 0.04 100% A+ 86% B
Short Percent N/A N/A N/A N/A N/A
Beta N/A N/A N/A N/A N/A
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.