Contrasting Bitfarms (BITF) & Its Peers

Bitfarms (NASDAQ: BITF) is one of 99 publicly-traded companies in the “Computer programming, data processing, & other computer related” industry, but how does it compare to its competitors? We will compare Bitfarms to related businesses based on the strength of its institutional ownership, profitability, earnings, dividends, valuation, risk and analyst recommendations.

Insider and Institutional Ownership

52.6% of shares of all “Computer programming, data processing, & other computer related” companies are held by institutional investors. 12.9% of shares of all “Computer programming, data processing, & other computer related” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Bitfarms and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Bitfarms $34.70 million -$16.29 million -26.47
Bitfarms Competitors $6.34 billion $1.33 billion 50.93

Bitfarms’ competitors have higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Bitfarms and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Bitfarms -25.73% -6.92% -5.30%
Bitfarms Competitors -12.50% -17.49% -3.58%

Analyst Recommendations

This is a summary of current ratings and price targets for Bitfarms and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Bitfarms 0 0 1 0 3.00
Bitfarms Competitors 931 3849 8074 266 2.58

Bitfarms presently has a consensus price target of $8.00, indicating a potential upside of 59.05%. As a group, “Computer programming, data processing, & other computer related” companies have a potential upside of 16.03%. Given Bitfarms’ stronger consensus rating and higher probable upside, research analysts clearly believe Bitfarms is more favorable than its competitors.

Summary

Bitfarms competitors beat Bitfarms on 8 of the 12 factors compared.

Bitfarms Company Profile

Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

Receive News & Ratings for Bitfarms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bitfarms and related companies with MarketBeat.com's FREE daily email newsletter.