Bitfarms Ltd T.BITF

A Look at EPS, Why HIVE is undervalued

[DotComRich]

Bitfarms has a -0.19 EPS so lets take a look at a mining stock that is actually positive to see the potential.

Since HIVE is the only mining company with a + EPS I wanted to show the potential because the growth in earnings has been consistently positive.

Assuming a flat EPS the next 3 quarters (.05 x 4 = .20 Annual EPS), the forward P/E is around 16.5 on this stock. Assuming the growth of just 0.01 each subsequent quarter, the forward P/E is around 12.7 (the real growth in EPS the past few quarters is several cents per share, which would have this at a forward P/E in the single digits.

Therefore, hive continues to offer the best value as an investment today vs any of the other mining stocks.

[SirPiglet]

I have both bitf and hive among a few others, but I just sold all my bitf this morning and bought hive at $4.30. Ethereum is about to go nuts with the visa news, and its been suppressed for months now. Bitfarms has been a horrible performer since the last leg up we had, and I don't like the direction they have gone buying miners they won't even see until 2022!?

[DotComRich]

Looks like it has already paid off for you, bitf the lagger once again in last place today.

[bullFire]

HIVE IS THE PLAY. BITF will never deliver on these big promises. HIVE is delivering now. 

[AlphaJ]

yes maybe. But the point of crypto is to hodl crypto. Not see back to fiats. Bitf may have had a "loss" but they also hodled 25 million dollars with of bitcoin that is not accounted for by profits. If hive wants to sell all their coins back to deprecating fiats. That's cute. But I'll think I'll stick with the guys who are pro crypto. Hive is good for traditional investors

[AlphaJ]

I got fat thumbs: quick corrections...