Ratings Bitfarms Ltd.

Equities

BITF

CA09173B1076

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
2.54 ^CAD	+15.45%		+1.60%	-34.03%

May. 15	Toronto Stocks Edge Up; Boyd Group Services Down on 1Q Earnings Decline, 2Q Outlook	DJ
May. 15	This bodes well for rate cuts

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
From a short-term investment perspective, the company presents a deteriorated fundamental configuration.

Strengths

Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The company returns high margins, thereby supporting business profitability.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Analyst opinion has improved significantly over the past four months.
Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses

For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

Ratings chart - Surperformance

Sector: Blockchain & Cryptocurrency

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
BITFARMS LTD.	-34.03%	701M		-
MARATHON DIGITAL HOLDINGS, INC.	-14.01%	5.51B		D+
CLEANSPARK, INC.	+55.21%	3.9B		C-
RIOT PLATFORMS, INC.	-32.90%	3B		D+
CIPHER MINING INC.	+0.73%	1.29B		-
HUT 8 CORP.	-33.81%	790M	-	-
TERAWULF INC.	-11.67%	706M		-
BITDEER TECHNOLOGIES GROUP	-42.60%	672M	-	-
BITFUFU INC.	-68.38%	562M	-	-
APPLIED DIGITAL CORPORATION	-43.62%	467M		-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes