Hut 8 Mining Corp
TSX:HUT

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Hut 8 Mining Corp
TSX:HUT
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Price: 34.72 CAD 4.36% Market Closed
Market Cap: 3.2B CAD
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Relative Value

The Relative Value of one HUT stock under the Base Case scenario is 9.39 CAD. Compared to the current market price of 34.72 CAD, Hut 8 Mining Corp is Overvalued by 73%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HUT Relative Value
Base Case
9.39 CAD
Overvaluation 73%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
20
vs Industry
4
Median 3Y
13.6
Median 5Y
13.3
Industry
2.4
Forward
46.3
vs History
vs Industry
Median 3Y
-10.4
Median 5Y
-9.7
Industry
23.2
Forward
77.1
vs History
vs Industry
Median 3Y
-21.9
Median 5Y
-18.4
Industry
17
vs History
vs Industry
Median 3Y
-26.3
Median 5Y
-25.7
Industry
21.6
vs History
47
vs Industry
27
Median 3Y
3
Median 5Y
4.9
Industry
2.9
vs History
20
vs Industry
6
Median 3Y
9.6
Median 5Y
10.2
Industry
2.4
Forward
40.9
vs History
vs Industry
Median 3Y
-14.7
Median 5Y
-18.1
Industry
4.9
vs History
vs Industry
5
Median 3Y
-38.9
Median 5Y
12.4
Industry
13.1
Forward
-274.4
vs History
vs Industry
Median 3Y
-9.3
Median 5Y
-11.9
Industry
16.8
Forward
-46.6
vs History
vs Industry
Median 3Y
-16.2
Median 5Y
-12.3
Industry
16
vs History
vs Industry
Median 3Y
-20.9
Median 5Y
-20.9
Industry
18.8
vs History
28
vs Industry
9
Median 3Y
6.7
Median 5Y
9.2
Industry
2.5

Multiples Across Competitors

HUT Competitors Multiples
Hut 8 Mining Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Hut 8 Mining Corp
TSX:HUT
3.2B CAD 34.5 -26.6 -171 -30.5
US
Salesforce Inc
NYSE:CRM
327.4B USD 9 58.1 30.6 46.5
DE
SAP SE
XETRA:SAP
256B EUR 7.9 96.6 29.5 34.8
US
Adobe Inc
NASDAQ:ADBE
239.1B USD 11.4 44.6 28 31.2
US
Intuit Inc
NASDAQ:INTU
197.9B USD 12.2 66.8 43 51.8
US
NCR Corp
LSE:0K45
191B USD 27.9 403 381.9 1 152.5
US
Palantir Technologies Inc
NYSE:PLTR
137.8B USD 52.1 289.1 335 364.8
US
Applovin Corp
NASDAQ:APP
95.3B USD 22.2 82.8 49.7 64
US
Synopsys Inc
NASDAQ:SNPS
85.7B USD 14.1 57.2 48.6 56.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.1B USD 19.3 80.9 57.7 65.9
US
Microstrategy Inc
NASDAQ:MSTR
66.5B USD 142.4 -163.6 -1 836.7 -1 256
EV/EBITDA Multiple
EBITDA Growth
CA
Hut 8 Mining Corp
TSX:HUT
Average EV/EBITDA: 111.6
Negative Multiple: -171
213%
US
Salesforce Inc
NYSE:CRM
30.6
90%
DE
SAP SE
XETRA:SAP
29.5
71%
US
Adobe Inc
NASDAQ:ADBE
28
69%
US
Intuit Inc
NASDAQ:INTU
43
113%
US
N
NCR Corp
LSE:0K45
381.9
-25%
US
Palantir Technologies Inc
NYSE:PLTR
335
880%
US
Applovin Corp
NASDAQ:APP
49.7
211%
US
Synopsys Inc
NASDAQ:SNPS
48.6
116%
US
Cadence Design Systems Inc
NASDAQ:CDNS
57.7
104%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 836.7
479%
EV/EBIT Multiple
EBIT Growth
CA
Hut 8 Mining Corp
TSX:HUT
Average EV/EBIT: 207.6
Negative Multiple: -30.5
N/A
US
Salesforce Inc
NYSE:CRM
46.5
170%
DE
SAP SE
XETRA:SAP
34.8
84%
US
Adobe Inc
NASDAQ:ADBE
31.2
81%
US
Intuit Inc
NASDAQ:INTU
51.8
143%
US
N
NCR Corp
LSE:0K45
1 152.5
121%
US
Palantir Technologies Inc
NYSE:PLTR
364.8
1 135%
US
Applovin Corp
NASDAQ:APP
64
292%
US
Synopsys Inc
NASDAQ:SNPS
56.8
129%
US
Cadence Design Systems Inc
NASDAQ:CDNS
65.9
115%
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 256
14 172%

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