Bitfarms Ltd. (BITF)
Bitfarms Ltd. Statistics
Share Statistics
Bitfarms Ltd. has 447.04M shares outstanding. The number of shares has increased by 56.53% in one year.
| Shares Outstanding | 447.04M |
| Shares Change (YoY) | 56.53% |
| Shares Change (QoQ) | 4.19% |
| Owned by Institutions (%) | 16.39% |
| Shares Floating | 364.88M |
| Failed to Deliver (FTD) Shares | 2.39M |
| FTD / Avg. Volume | 5.52% |
Short Selling Information
The latest short interest is 61.55M, so 13.03% of the outstanding shares have been sold short.
| Short Interest | 61.55M |
| Short % of Shares Out | 13.03% |
| Short % of Float | 16.12% |
| Short Ratio (days to cover) | 1.39 |
Valuation Ratios
The PE ratio is -7.34 and the forward PE ratio is 70. Bitfarms Ltd.'s PEG ratio is 0.11.
| PE Ratio | -7.34 |
| Forward PE | 70 |
| PS Ratio | 5.21 |
| Forward PS | 0.9 |
| PB Ratio | 2.59 |
| P/FCF Ratio | -15.71 |
| PEG Ratio | 0.11 |
Enterprise Valuation
Bitfarms Ltd. has an Enterprise Value (EV) of 699.27M.
| EV / Earnings | -6.72 |
| EV / Sales | 4.78 |
| EV / EBITDA | -44.09 |
| EV / EBIT | -9.69 |
| EV / FCF | -14.39 |
Financial Position
The company has a current ratio of 1.88, with a Debt / Equity ratio of 0.07.
| Current Ratio | 1.88 |
| Quick Ratio | 1.87 |
| Debt / Equity | 0.07 |
| Total Debt / Capitalization | 6.32 |
| Cash Flow / Debt | 1.21 |
| Interest Coverage | -6.05 |
Financial Efficiency
Return on equity (ROE) is -0.35% and return on capital (ROIC) is -22.84%.
| Return on Equity (ROE) | -0.35% |
| Return on Assets (ROA) | -0.27% |
| Return on Capital (ROIC) | -22.84% |
| Revenue Per Employee | $860,976.47 |
| Profits Per Employee | $-611,976.47 |
| Employee Count | 170 |
| Asset Turnover | 0.39 |
| Inventory Turnover | 238.11 |
Taxes
| Income Tax | -401K |
| Effective Tax Rate | 0 |
Stock Price Statistics
The stock price has increased by -58.17% in the last 52 weeks. The beta is 3.27, so Bitfarms Ltd.'s price volatility has been higher than the market average.
| Beta | 3.27 |
| 52-Week Price Change | -58.17% |
| 50-Day Moving Average | 1.5 |
| 200-Day Moving Average | 2.05 |
| Relative Strength Index (RSI) | 30.9 |
| Average Volume (20 Days) | 43.33M |
Income Statement
In the last 12 months, Bitfarms Ltd. had revenue of 146.37M and earned -104.04M in profits. Earnings per share was -0.4.
| Revenue | 146.37M |
| Gross Profit | -21.5M |
| Operating Income | -72.13M |
| Net Income | -104.04M |
| EBITDA | -15.86M |
| EBIT | -72.13M |
| Earnings Per Share (EPS) | -0.4 |
Balance Sheet
The company has 84.04M in cash and 19.87M in debt, giving a net cash position of 64.17M.
| Cash & Cash Equivalents | 84.04M |
| Total Debt | 19.87M |
| Net Cash | 64.17M |
| Retained Earnings | -294.92M |
| Total Assets | 586.63M |
| Working Capital | 137.96M |
Cash Flow
In the last 12 months, operating cash flow was 24.03M and capital expenditures -72.61M, giving a free cash flow of -48.58M.
| Operating Cash Flow | 24.03M |
| Capital Expenditures | -72.61M |
| Free Cash Flow | -48.58M |
| FCF Per Share | -0.19 |
Margins
Gross margin is -14.69%, with operating and profit margins of -49.28% and -71.08%.
| Gross Margin | -14.69% |
| Operating Margin | -49.28% |
| Pretax Margin | -71.35% |
| Profit Margin | -71.08% |
| EBITDA Margin | -10.83% |
| EBIT Margin | -49.28% |
| FCF Margin | -33.19% |
Dividends & Yields
BITF does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | -36.36% |
| FCF Yield | -9.83% |
Analyst Forecast
The average price target for BITF is $4, which is 263.6% higher than the current price. The consensus rating is "Buy".
| Price Target | $4 |
| Price Target Difference | 263.6% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
Scores
| Altman Z-Score | 3.12 |
| Piotroski F-Score | 5 |