HIVE Blockchain Technologies Ltd
XTSX:HIVE

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HIVE Blockchain Technologies Ltd Logo
HIVE Blockchain Technologies Ltd
XTSX:HIVE
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Price: 5.02 CAD 5.91%
Market Cap: 596m CAD
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Intrinsic Value

HIVE's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

The intrinsic value of one HIVE stock under the Base Case scenario is 2.93 CAD. Compared to the current market price of 5.02 CAD, HIVE Blockchain Technologies Ltd is Overvalued by 42%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

HIVE Intrinsic Value
2.93 CAD
Overvaluation 42%
Intrinsic Value
Price
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Base Case
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HIVE Blockchain Technologies Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
HIVE Blockchain Technologies Ltd

Current Assets 199.2m
Cash & Short-Term Investments 194.8m
Receivables 4.4m
Non-Current Assets 120.4m
PP&E 107.4m
Other Non-Current Assets 13m
Current Liabilities 27.1m
Accounts Payable 7.3m
Accrued Liabilities 2m
Short-Term Debt 5.1m
Other Current Liabilities 12.6m
Non-Current Liabilities 19.3m
Long-Term Debt 17.2m
Other Non-Current Liabilities 2.1m
Efficiency

Earnings Waterfall
HIVE Blockchain Technologies Ltd

Revenue
123.1m USD
Cost of Revenue
-143m USD
Gross Profit
-19.9m USD
Operating Expenses
-19.6m USD
Operating Income
-39.5m USD
Other Expenses
7.8m USD
Net Income
-31.7m USD

Free Cash Flow Analysis
HIVE Blockchain Technologies Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

HIVE Digital Technologies reported a solid quarter despite the recent Bitcoin halving, with revenue reaching $30.2 million, up from $23.6 million the previous year. Gross mining margin increased to $11.4 million despite higher mining difficulty. Adjusted EBITDA was $14.9 million, down slightly from $16.2 million in the previous quarter. Net income hit $3.3 million, turning positive compared to a $3.5 million loss previously. HIVE mined 2,600 Bitcoins using green energy and aims to increase this with improved hardware and efficiency. The company remains financially robust, with $25.6 million in cash and $153.9 million in Bitcoin holdings.

What is Earnings Call?
Fundamental Scores

HIVE Profitability Score
Profitability Due Diligence

HIVE Blockchain Technologies Ltd's profitability score is 13/100. The higher the profitability score, the more profitable the company is.

Positive 3-Years Revenue Growth
Negative 1-Year Revenue Growth
Declining ROE
Declining ROIC
13/100
Profitability
Score

HIVE Blockchain Technologies Ltd's profitability score is 13/100. The higher the profitability score, the more profitable the company is.

HIVE Solvency Score
Solvency Due Diligence

HIVE Blockchain Technologies Ltd's solvency score is 75/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Negative Net Debt
75/100
Solvency
Score

HIVE Blockchain Technologies Ltd's solvency score is 75/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

HIVE Price Targets Summary
HIVE Blockchain Technologies Ltd

Wall Street analysts forecast HIVE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for HIVE is 5.9 CAD with a low forecast of 5.05 CAD and a high forecast of 6.89 CAD.

Lowest
Price Target
5.05 CAD
1% Upside
Average
Price Target
5.9 CAD
17% Upside
Highest
Price Target
6.89 CAD
37% Upside
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Dividends

HIVE Blockchain Technologies Ltd
does not pay dividends
Shareholder Yield

Current shareholder yield for HIVE is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
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HIVE News

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Profile

HIVE Blockchain Technologies Ltd Logo
HIVE Blockchain Technologies Ltd

Country

Canada

Industry

Technology

Market Cap

588.8m CAD

Dividend Yield

0%

Description

HIVE Blockchain Technologies Ltd. engages in building a bridge from the block chain sector to traditional capital markets. The company is headquartered in Vancouver, British Columbia and currently employs 19 full-time employees. The firm owns green energy-powered data center facilities in Canada, Sweden, and Iceland which produces minted digital currencies. The Company’s digital currencies consist of Ethereum, Ethereum Classic, and Bitcoin. The firm also provides shareholders with operating margins of digital currency mining as well as a portfolio of crypto coins. The firm also owns a data center campus in New Brunswick. The Company’s geographic segments include Canada, Sweden, Iceland and Bermuda. The firm provides its services from the blockchain sector to traditional capital markets.

Contact

BRITISH COLUMBIA
Vancouver
855 - 789 West Pender Street, 555 Burrard Street
+16046641078.0
www.hiveblockchain.com

IPO

1988-01-05

Employees

19

Officers

Executive Chairman
Mr. Frank Edward Holmes
President & CEO
Mr. Aydin Kilic
Chief Financial Officer
Mr. Darcy Daubaras
Chief Technology Officer
Mr. William Gray
General Counsel
Mr. Gabriel Ibghy
Country President of Sweden
Ms. Johanna Thornblad
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Chief Operating Officer
Mr. Luke Rossy
Chief Information Officer
Mr. Mario Sergi
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See Also

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What is the Intrinsic Value of one HIVE stock?

The intrinsic value of one HIVE stock under the Base Case scenario is 2.93 CAD.

Is HIVE stock undervalued or overvalued?

Compared to the current market price of 5.02 CAD, HIVE Blockchain Technologies Ltd is Overvalued by 42%.

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