Financials Bitfarms Ltd. Nasdaq

Equities

BITF

CA09173B1076

Blockchain & Cryptocurrency

Market Closed - Nasdaq 01:30:00 22/06/2024 am IST Pre-market 06:25:10 pm
2.94 USD -5.77% Intraday chart for Bitfarms Ltd. 2.74 -6.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 32.07 172.1 973.7 90.15 935.5 1,209 -
Enterprise Value (EV) 1 32.07 172.1 973.7 90.15 935.5 1,095 1,032
P/E ratio 9.62 x - - -0.36 x -7.26 x -14.8 x 18.5 x
Yield - - - - - - -
Capitalization / Revenue 0.99 x 4.96 x 5.74 x 0.63 x 6.39 x 4.68 x 2.4 x
EV / Revenue 0.99 x 4.96 x 5.74 x 0.63 x 6.39 x 4.24 x 2.05 x
EV / EBITDA - - - - 26.7 x 9.98 x 3.15 x
EV / FCF - - - - - -7.4 x 4.21 x
FCF Yield - - - - - -13.5% 23.7%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 83,375 87,701 1,92,969 2,18,275 3,22,129 4,09,307 -
Reference price 2 0.3846 1.963 5.046 0.4130 2.904 2.953 2.953
Announcement Date 29/04/20 25/03/21 28/03/22 21/03/23 07/03/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 32.42 34.7 169.5 142.4 146.4 258.1 504.3
EBITDA 1 - - - - 35.08 109.7 328
EBIT 1 - -5.289 67.59 -284 -72.13 -102.6 107.8
Operating Margin - -15.24% 39.88% -199.41% -49.28% -39.75% 21.38%
Earnings before Tax (EBT) 1 - - - -256.5 -104.4 -85.97 70.92
Net income 1 - - - -239 -104 -69.36 91.21
Net margin - - - -167.84% -71.08% -26.88% 18.08%
EPS 2 0.0400 - - -1.150 -0.4000 -0.2000 0.1600
Free Cash Flow 1 - - - - - -148 244.9
FCF margin - - - - - -57.35% 48.56%
FCF Conversion (EBITDA) - - - - - - 74.66%
FCF Conversion (Net income) - - - - - - 268.51%
Dividend per Share - - - - - - -
Announcement Date 29/04/20 25/03/21 28/03/22 21/03/23 07/03/24 - -
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 48.21 69.93 92.12 118.7 133.5
EBITDA 1 - - - - - - 7.672 6.866 14.05 21.01 13.37 27.89 45.26 68.02 81.7
EBIT 1 19.92 6.874 -76.36 -13.67 -20.02 -15 -15.19 -18.64 -12.74 -23.71 -47.68 -28.56 -14.42 6.676 23.58
Operating Margin 33.42% 17.04% -182.62% -41.11% -74.05% -49.91% -42.81% -53.87% -27.54% -47.12% -98.91% -40.85% -15.65% 5.62% 17.67%
Earnings before Tax (EBT) 1 - 10.96 -161.2 -89.53 -16.65 -2.809 -24.99 -18.3 -57.54 -12.26 -44.32 -25.71 -11.62 9.475 22.7
Net income 1 - 4.519 -141.9 -84.81 -16.84 -2.479 -24.89 -18.7 -57.16 -5.98 -39.47 -25.69 -11.88 8.864 22.1
Net margin - 11.21% -339.39% -255.08% -62.3% -8.25% -70.17% -54.06% -123.61% -11.88% -81.87% -36.74% -12.9% 7.47% 16.55%
EPS 2 - 0.0200 -0.7000 -0.4000 -0.0800 -0.0100 -0.1000 -0.0700 -0.1900 -0.0200 -0.1040 -0.0700 -0.0340 0.0225 0.0550
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 28/03/22 16/05/22 15/08/22 14/11/22 21/03/23 15/05/23 08/08/23 06/11/23 07/03/24 15/05/24 - - - - -
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 - - - - - -148 245
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 - - - - - 91.9 83.2
Capex / Sales - - - - - 35.61% 16.49%
Announcement Date 29/04/20 25/03/21 28/03/22 21/03/23 07/03/24 - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
2.953 USD
Average target price
5.466 USD
Spread / Average Target
+85.08%
Consensus