BITF Valuation

Bitfarms Ltd

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3.660

-0.03(-0.813%)1D

BITF Relative Valuation

BITF's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BITF is overvalued; if below, it's undervalued.

Historical Valuation

Bitfarms Ltd (BITF) is now in the Undervalued zone, suggesting that its current forward PS ratio of 3.66 is considered Undervalued compared with the five-year average of -36.30. The fair price of Bitfarms Ltd (BITF) is between 12.21 to 14.46 according to relative valuation methord. Compared to the current price of 3.66 USD , Bitfarms Ltd is Undervalued By 70.03%.

Relative Value

Fair Zone

12.21-14.46

Current Price：3.66

70.03%

Undervalued

-153.78

Trailing

Forward

15.70

EV/EBITDA

Bitfarms Ltd. (BITF) has a current EV/EBITDA of 15.70. The 5-year average EV/EBITDA is 3.37. The thresholds are as follows: Strongly Undervalued below -3.79, Undervalued between -3.79 and -0.21, Fairly Valued between 6.96 and -0.21, Overvalued between 6.96 and 10.54, and Strongly Overvalued above 10.54. The current Forward EV/EBITDA of 15.70 falls within the Strongly Overvalued range.

-53.66

EV/EBIT

Bitfarms Ltd. (BITF) has a current EV/EBIT of -53.66. The 5-year average EV/EBIT is -17.88. The thresholds are as follows: Strongly Undervalued below -188.55, Undervalued between -188.55 and -103.21, Fairly Valued between 67.46 and -103.21, Overvalued between 67.46 and 152.80, and Strongly Overvalued above 152.80. The current Forward EV/EBIT of -53.66 falls within the Historic Trend Line -Fairly Valued range.

3.66

Bitfarms Ltd. (BITF) has a current PS of 3.66. The 5-year average PS is 2.74. The thresholds are as follows: Strongly Undervalued below -0.06, Undervalued between -0.06 and 1.34, Fairly Valued between 4.14 and 1.34, Overvalued between 4.14 and 5.55, and Strongly Overvalued above 5.55. The current Forward PS of 3.66 falls within the Historic Trend Line -Fairly Valued range.

38.86

P/OCF

Bitfarms Ltd. (BITF) has a current P/OCF of 38.86. The 5-year average P/OCF is 4.14. The thresholds are as follows: Strongly Undervalued below -7.08, Undervalued between -7.08 and -1.47, Fairly Valued between 9.74 and -1.47, Overvalued between 9.74 and 15.35, and Strongly Overvalued above 15.35. The current Forward P/OCF of 38.86 falls within the Strongly Overvalued range.

-10.07

P/FCF

Bitfarms Ltd. (BITF) has a current P/FCF of -10.07. The 5-year average P/FCF is -51.87. The thresholds are as follows: Strongly Undervalued below -424.62, Undervalued between -424.62 and -238.25, Fairly Valued between 134.50 and -238.25, Overvalued between 134.50 and 320.87, and Strongly Overvalued above 320.87. The current Forward P/FCF of -10.07 falls within the Historic Trend Line -Fairly Valued range.

Bitfarms Ltd (BITF) has a current Price-to-Book (P/B) ratio of 3.08. Compared to its 3-year average P/B ratio of 1.57 , the current P/B ratio is approximately 96.60% higher. Relative to its 5-year average P/B ratio of 2.99, the current P/B ratio is about 3.12% higher. Bitfarms Ltd (BITF) has a Forward Free Cash Flow (FCF) yield of approximately -21.24%. Compared to its 3-year average FCF yield of -43.28%, the current FCF yield is approximately -50.92% lower. Relative to its 5-year average FCF yield of -40.34% , the current FCF yield is about -47.35% lower.

3.08

P/B

Median3y

1.57

Median5y

2.99

-21.24

FCF Yield

Median3y

-43.28

Median5y

-40.34

Competitors Valuation Multiple

The average P/S ratio for BITF's competitors is 48.44, providing a benchmark for relative valuation. Bitfarms Ltd Corp (BITF) exhibits a P/S ratio of 3.66, which is -92.44% above the industry average. Given its robust revenue growth of 87.25%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Csg Systems International Inc

78.30

2.87%

2.23B

Performance Decomposition

Market capitalization of BITF increased by 70.23% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 41.55M to 77.80M.

The secondary factor is the P/E Change, contributed 25.08%to the performance.

Overall, the performance of BITF in the past 1 year is driven by Revenue Growth. Which is more sustainable.

87.25%

41.55M → 77.80M

Revenue Growth

-42.10%

-64.02 → -37.07

Margin Expansion

25.08%

-16.76 → -20.96

P/E Change

70.23%