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Bitfarms Ltd
XTSX:BITF

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Bitfarms Ltd
XTSX:BITF
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Price: 4.13 CAD 0.24% Market Closed
Market Cap: CA$831.2m

EV/GP

4.8
Current
0%
Cheaper
vs 3-y average of 4.8

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
4.8
=
Enterprise Value
CA$728.6m
/
Gross Profit
$111.1m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
4.8
=
Enterprise Value
CA$728.6m
/
Gross Profit
$111.1m

Valuation Scenarios

Bitfarms Ltd is trading below its 3-year average

If EV/GP returns to its 3-Year Average (4.8), the stock would be worth CA$4.15 (0% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-23%
Maximum Upside
+39%
Average Upside
4%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 4.8 CA$4.13
0%
3-Year Average 4.8 CA$4.15
+0%
5-Year Average 4.9 CA$4.19
+2%
Industry Average 3.7 CA$3.18
-23%
Country Average 6.6 CA$5.72
+39%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
CA
Bitfarms Ltd
XTSX:BITF
804.5m CAD 4.8 26.5
US
Ezenia! Inc
OTC:EZEN
567B USD 375 496.1 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
336.5B USD 89.2 206.6
DE
SAP SE
XETRA:SAP
173.8B EUR 6.3 24.3
US
Salesforce Inc
NYSE:CRM
169.9B USD 5.3 22.8
US
Applovin Corp
NASDAQ:APP
151.9B USD 31.8 45.6
US
Intuit Inc
NASDAQ:INTU
111.1B USD 7 25.5
US
Adobe Inc
NASDAQ:ADBE
98.7B USD 4.4 13.7
US
Synopsys Inc
NASDAQ:SNPS
92.6B USD 16.7 84.1
US
NCR Corp
LSE:0K45
92B USD 146.5 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.4B USD 19.4 79.7
P/E Multiple
Earnings Growth PEG
CA
Bitfarms Ltd
XTSX:BITF
Average P/E: 272
26.5
N/A N/A
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
206.6
58%
3.6
DE
SAP SE
XETRA:SAP
24.3
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.8
31%
0.7
US
Applovin Corp
NASDAQ:APP
45.6
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
13.7
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
84.1
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.7
39%
2

Market Distribution

In line with most companies in Canada
Percentile
38th
Based on 1 947 companies
38th percentile
4.8
Low
0.1 — 3.8
Typical Range
3.8 — 10.6
High
10.6 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 3.8
Median 6.6
70th Percentile 10.6
Max 259 067.6

Bitfarms Ltd
Glance View

Market Cap
831.2m CAD
Industry
Technology

Bitfarms Ltd. owns and operates blockchain farms that power the global decentralized financial economy. The company is headquartered in Toronto, Ontario. The company went IPO on 2019-07-16. The firm operates cryptocurrency mining operations in North America. The company operates in two segments: the cryptocurrency mining segment (Backbone) and the electrical services segment (Volta). The Backbone segment operates server farms that support the validation and verification of transactions on the blockchain, earning cryptocurrency for providing these services. The Volta segment provides electrician services to both commercial and residential customers in Quebec.

BITF Intrinsic Value
Not Available
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