Ratings Bitfarms Ltd.

Equities

BITF

CA09173B1076

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-03 EDT			5-day change	1st Jan Change
2.51 ^CAD	+1.62%		-6.34%	-34.81%

05-01	Bitfarms Down 3.7% as it Reports a Decline in Bitcoin Production in April	MT
05-01	Bitfarms Reports Decline in Bitcoin Production in April	MT

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

The prospective high growth for the next fiscal years is among the main assets of the company
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's high margin levels account for strong profits.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
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.
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.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Ratings chart - Surperformance

Sector: Blockchain & Cryptocurrency

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
BITFARMS LTD.	-34.81%	677M		-
MARATHON DIGITAL HOLDINGS, INC.	-25.42%	4.66B		D+
CLEANSPARK, INC.	+46.42%	3.59B		C-
PHOENIX GROUP PLC	-5.80%	3.49B	-	-
RIOT PLATFORMS, INC.	-32.64%	2.97B		D+
CIPHER MINING INC.	+0.24%	1.14B		-
HUT 8 CORP.	-38.01%	730M	-	-
BITDEER TECHNOLOGIES GROUP	-41.78%	670M	-	-
TERAWULF INC.	-8.96%	656M		-
BITFUFU INC.	-74.24%	468M	-	-

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