Hut 8 Mining Corp
TSX:HUT
Intrinsic Value
Hut 8 Mining Corp. is a cryptocurrency mining and blockchain infrastructure company, which is focused solely on mining bitcoin. [ Read More ]
The intrinsic value of one
HUT
stock under the Base Case scenario is
5.74
CAD.
Compared to the current market price of 13.17 CAD,
Hut 8 Mining Corp
is
Overvalued by 56%.
HUT's market price has consistently been higher than its intrinsic value.This persistent overvaluation suggests the market may be overly optimistic about
HUT or that its price is influenced by factors unrelated to fundamentals.
Hut 8 Mining Corp's market capitalization is 1.2B CAD.
HUT stock price is 13.17 CAD.
HUT stock (5.74 CAD) is 56% less than its price (13.17 CAD).
HUT stock (3.03 CAD) is 77% less than its price (13.17 CAD). Open Relative Valuation
HUT has upside potential of 14% compared to the average analyst price target.
Open Wall St Estimates
HUT's Revenue has been growing by 13% per year for the last 3 years.
HUT's Revenue has dropped by 55% over the past 12 months.
HUT's ROE (Return on Equity) has significantly decreased in the last 3 years from 37% to -24%.
HUT's ROIC (Return on Invested Capital) has significantly decreased in the last 3 years from -18% to -40%, and is approaching profitability.
HUT has negative Gross Profit for the last twelve months.
HUT has negative Operating Income for the last twelve months.
HUT has negative Net Income for the last twelve months.
HUT's ROE (Return on Equity) for the past 12 months is negative and is equal to -24%.
HUT's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -40%.
HUT has negative Free Cash Flow for the last twelve months.
HUT has negative three-year average ROE (Return on Equity): -16%. The company is not efficient at transforming stockholders' equity into net income.
HUT's D/E (Debt to Equity) is very low and is equal to 0.06.
HUT has negative three-year average ROIC (Return on Invested Capital): -28%. The company is not efficient at using invested capital to generate operating income.
HUT's short-term assets (403m CAD) exceed its short-term liabilties (58m CAD).
HUT's long-term assets (558m CAD) exceed its long-term liabilties (86m CAD).
HUT has negative Net Debt. This means that the company has more cash and short-term investments (396m CAD) than debt (28m CAD).
HUT's Altman Z-Score is very high and is equal to 12.26.
HUT doesn't generate enough operating income (-92m CAD) to safely cover interest payments on its debt (7m CAD).
Valuation Backtest
Hut 8 Mining Corp
Run backtest to discover the historical profit from buying and selling
HUT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Hut 8 Mining Corp
Balance Sheet Decomposition
Hut 8 Mining Corp
| Current Assets | 403.3m |
| Cash & Short-Term Investments | 395.6m |
| Receivables | 2.1m |
| Other Current Assets | 5.6m |
| Non-Current Assets | 154.3m |
| PP&E | 113.3m |
| Intangibles | 14.8m |
| Other Non-Current Assets | 26.2m |
| Current Liabilities | 58m |
| Accounts Payable | 22.3m |
| Other Current Liabilities | 35.7m |
| Non-Current Liabilities | 28.4m |
| Long-Term Debt | 28.4m |
Earnings Waterfall
Hut 8 Mining Corp
|
Revenue
|
91.7m
CAD
|
|
Cost of Revenue
|
-140.1m
CAD
|
|
Gross Profit
|
-48.4m
CAD
|
|
Operating Expenses
|
-43.3m
CAD
|
|
Operating Income
|
-91.7m
CAD
|
|
Other Expenses
|
-26.9m
CAD
|
|
Net Income
|
-118.7m
CAD
|
Free Cash Flow Analysis
Hut 8 Mining Corp
What is Free Cash Flow?
HUT Profitability Score
Profitability Due Diligence
Hut 8 Mining Corp's profitability score is 13/100. The higher the profitability score, the more profitable the company is.
Score
Hut 8 Mining Corp's profitability score is 13/100. The higher the profitability score, the more profitable the company is.
HUT Solvency Score
Solvency Due Diligence
Hut 8 Mining Corp's solvency score is 75/100. The higher the solvency score, the more solvent the company is.
Score
Hut 8 Mining Corp's solvency score is 75/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HUT Price Targets Summary
Hut 8 Mining Corp
According to Wall Street analysts, the average 1-year price target for
HUT
is 15.06 CAD
with a low forecast of 9.09 CAD and a high forecast of 24.73 CAD.
Shareholder Return
HUT Price
Hut 8 Mining Corp
| Average Annual Return | 79.79% |
| Standard Deviation of Annual Returns | 167.04% |
| Max Drawdown | -94% |
| Market Capitalization | 1.2B CAD |
| Shares Outstanding | 88 963 000 |
| Percentage of Shares Shorted | 1.7% |
Company Profile
Hut 8 Mining Corp
Country
Industry
Market Cap
Dividend Yield
Description
Hut 8 Mining Corp. is a cryptocurrency mining and blockchain infrastructure company, which is focused solely on mining bitcoin. The company is headquartered in Toronto, Ontario. The company went IPO on 2012-10-04. The firm is a digital asset miner that supports open and decentralized systems. The company utilizes specialized equipment to solve computational problems to validate transactions on the bitcoin blockchain and offers hosting services to institutional clients. The company owns five data mining centers with an information technology offering that includes scalable cloud services. Its data center business includes over 36,000 square feet of geo-diverse data center space, powered by renewable energy sources. The company is engaged in creating a hybrid data center model that serves both the traditional high-performance compute (Eeb 2.0) and digital asset computing sectors and Eeb 3.0. Its platform serves various industry verticals, including gaming, visual effects and government agencies. The company also offers a platform for the development of applications and services to markets and customers in the digital asset, blockchain, gaming and Web 3.0 industries.
Contact
IPO
Employees
Officers
The intrinsic value of one
HUT
stock under the Base Case scenario is
5.74
CAD.
Compared to the current market price of 13.17 CAD,
Hut 8 Mining Corp
is
Overvalued by 56%.
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