BITFARMS LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.36 CAD | -1.75% |
|
+9.45% | -12.73% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32.07 | 172.1 | 973.7 | 90.15 | 935.5 | 994.3 | - |
| Enterprise Value (EV) 1 | 32.07 | 172.1 | 973.7 | 90.15 | 935.5 | 880.3 | 817.3 |
| P/E ratio | 9.62 x | - | - | -0.36 x | -7.26 x | -15.8 x | 8.46 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.99 x | 4.96 x | 5.74 x | 0.63 x | 6.39 x | 3.9 x | 2.05 x |
| EV / Revenue | 0.99 x | 4.96 x | 5.74 x | 0.63 x | 6.39 x | 3.45 x | 1.69 x |
| EV / EBITDA | - | - | - | - | 26.7 x | 8.13 x | 2.62 x |
| EV / FCF | - | - | - | - | - | -5.95 x | 3.61 x |
| FCF Yield | - | - | - | - | - | -16.8% | 27.7% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 83,375 | 87,701 | 192,969 | 218,275 | 322,129 | 398,587 | - |
| Reference price 2 | 0.3846 | 1.963 | 5.046 | 0.4130 | 2.904 | 2.495 | 2.495 |
| Announcement Date | 4/29/20 | 3/25/21 | 3/28/22 | 3/21/23 | 3/7/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 32.42 | 34.7 | 169.5 | 142.4 | 146.4 | 255.2 | 484 |
| EBITDA 1 | - | - | - | - | 35.08 | 108.3 | 311.7 |
| EBIT 1 | - | -5.289 | 67.59 | -284 | -72.13 | -122.1 | 145.4 |
| Operating Margin | - | -15.24% | 39.88% | -199.41% | -49.28% | -47.84% | 30.03% |
| Earnings before Tax (EBT) 1 | - | - | - | -256.5 | -104.4 | -102 | 111.5 |
| Net income 1 | - | - | - | -239 | -104 | -55.28 | 108.9 |
| Net margin | - | - | - | -167.84% | -71.08% | -21.66% | 22.51% |
| EPS 2 | 0.0400 | - | - | -1.150 | -0.4000 | -0.1580 | 0.2950 |
| Free Cash Flow 1 | - | - | - | - | - | -148 | 226.7 |
| FCF margin | - | - | - | - | - | -57.98% | 46.83% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 72.73% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 208.08% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 4/29/20 | 3/25/21 | 3/28/22 | 3/21/23 | 3/7/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59.6 | 40.33 | 41.82 | 33.25 | 27.04 | 30.05 | 35.48 | 34.6 | 46.24 | 50.32 | 48.83 | 69.44 | 89.42 | 120 | 135.3 |
| EBITDA 1 | - | - | - | - | - | - | 7.672 | 6.866 | 14.05 | 21.01 | 14.81 | 27.1 | 42.78 | 69.77 | 84.11 |
| EBIT 1 | 19.92 | 6.874 | -76.36 | -13.67 | -20.02 | -15 | -15.19 | -18.64 | -12.74 | -23.71 | -30.07 | -22.89 | -16.45 | 13.03 | 34.58 |
| Operating Margin | 33.42% | 17.04% | -182.62% | -41.11% | -74.05% | -49.91% | -42.81% | -53.87% | -27.54% | -47.12% | -61.58% | -32.96% | -18.39% | 10.86% | 25.56% |
| Earnings before Tax (EBT) 1 | - | 10.96 | -161.2 | -89.53 | -16.65 | -2.809 | -24.99 | -18.3 | -57.54 | -12.26 | -30.22 | -21.16 | -13.24 | 14.24 | 30.95 |
| Net income 1 | - | 4.519 | -141.9 | -84.81 | -16.84 | -2.479 | -24.89 | -18.7 | -57.16 | -5.98 | -25.06 | -21.17 | -13.72 | 11.72 | 26.88 |
| Net margin | - | 11.21% | -339.39% | -255.08% | -62.3% | -8.25% | -70.17% | -54.06% | -123.61% | -11.88% | -51.32% | -30.48% | -15.34% | 9.77% | 19.87% |
| EPS 2 | - | 0.0200 | -0.7000 | -0.4000 | -0.0800 | -0.0100 | -0.1000 | -0.0700 | -0.1900 | -0.0200 | -0.0680 | -0.0560 | -0.0360 | 0.0375 | 0.0825 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/28/22 | 5/16/22 | 8/15/22 | 11/14/22 | 3/21/23 | 5/15/23 | 8/8/23 | 11/6/23 | 3/7/24 | 5/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 114 | 177 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | - | -148 | 227 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | - | 38.3 | 11.6 |
| Capex / Sales | - | - | - | - | - | 15.01% | 2.4% |
| Announcement Date | 4/29/20 | 3/25/21 | 3/28/22 | 3/21/23 | 3/7/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.495
USD
Average target price
5.138
USD
Spread / Average Target
+105.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.91% | 994M | |
| +51.09% | 3.73B | |
| -18.75% | 2.96B | |
| -34.90% | 2.79B | |
| +1.38% | 1.25B | |
| -25.81% | 962M | |
| +27.08% | 932M | |
| -20.88% | 908M | |
| -31.53% | 626M | |
| -64.83% | 601M |
- Stock Market
- Equities
- BITF Stock
- Financials Bitfarms Ltd.
