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HIVE Digital Technologies Ltd

Exchange: NASDAQSector: Financial ServicesIndustry: Capital Markets

HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company publicly listed on the TSX Venture Exchange which also focussed on sourcing green energy. HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.

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Trading 39% below its estimated fair value of $3.39.

Current Price

$2.43

+0.83%

GoodMoat Value

$3.39

39.3% undervalued
Profile
Valuation (TTM)
Market Cap$575.47M
P/E-8.21
EV
P/B1.28
Shares Out236.82M
P/Sales2.24
Revenue$257.14M
EV/EBITDA6.91

HIVE Digital Technologies Ltd (HIVE) Valuation

HIVE Fair Value Estimate

$3.3939.3% undervalued

Blended fair value estimate based on DCF, Graham Number, and earnings-based models.

HIVE Valuation Metrics

FCF$-138.48M
FCF Growth Rate
EPS Growth (CAGR)2.62%
WACC10.00%

HIVE Valuation & Fair Value Analysis

HIVE Digital Technologies Ltd (HIVE) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.

The GoodMoat Fair Value target for HIVE Digital Technologies Ltd is $3.39. The current stock price is $2.43, suggesting the stock is 39.3% undervalued.

The price-to-earnings (P/E) ratio is -8.21. Price-to-book ratio is 1.28. Price-to-sales ratio is 2.24. Enterprise value to EBITDA is 6.91. PEG ratio is 0.05.

GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of HIVE Digital Technologies Ltd's intrinsic value.