Company Valuation: Bitfarms Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 32.14 172.1 972.9 90.32 939.1 834.8 -
Change - 435.37% 465.38% -90.72% 939.8% -11.11% -
Enterprise Value (EV) 1 32.14 172.1 972.9 90.32 939.1 720.8 559.9
Change - 435.37% 465.38% -90.72% 939.8% -23.25% -22.32%
P/E ratio 9.64x - - -0.36x -7.29x -7.81x 57.6x
PBR - - - - - - -
PEG - - - - 0.1x 0.2x -1x
Capitalization / Revenue 0.99x 4.96x 5.74x 0.63x 6.42x 3.71x 1.7x
EV / Revenue 0.99x 4.96x 5.74x 0.63x 6.42x 3.21x 1.14x
EV / EBITDA - - - - 26.8x 8.89x 2.08x
EV / EBIT - -32.5x 14.4x -0.32x -13x -6.61x 10.2x
EV / FCF - - - - - -3.24x 2.54x
FCF Yield - - - - - -30.9% 39.3%
Dividend per Share 2 - - - - - - -
Rate of return - - - - - - -
EPS 2 0.04 - - -1.15 -0.4 -0.236 0.032
Distribution rate - - - - - - -
Net sales 1 32.42 34.7 169.5 142.4 146.4 224.8 490
EBITDA 1 - - - - 35.08 81.06 268.9
EBIT 1 - -5.289 67.59 -284 -72.13 -109 54.8
Net income 1 - - - -239 -104 -94.58 48.72
Net Debt 1 - - - - - -114 -274.9
Reference price 2 0.385 1.962 5.042 0.414 2.915 1.843 1.843
Nbr of stocks (in thousands) 83,375 87,701 192,969 218,275 322,129 452,935 -
Announcement Date 29/04/20 25/03/21 28/03/22 21/03/23 07/03/24 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
-7.81x3.21x8.89x - 835M
125.14x7.51x11.63x - 4.66B
26.89x5.65x9.01x - 2.48B
-15.92x5.49x9.83x - 2.28B
-6.96x - - - 1.68B
-37.49x - - - 1.5B
-59.33x7.88x13.88x - 1.33B
Average 3.50x 5.95x 10.65x - 2.11B
Weighted average by Cap. 31.20x 6.45x 10.78x -
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Equities
  3. BITF Stock
  4. Valuation Bitfarms Ltd.