Bitfarms Free Cash Flow Yield vs Price To Sales Ratio Analysis

BITF Stock

1.72 0.13 8.18%

Bitfarms financial indicator trend analysis is way more than just evaluating Bitfarms prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitfarms is a good investment. Please check the relationship between Bitfarms Free Cash Flow Yield and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitfarms Free Cash Flow Yield account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Bitfarms' Free Cash Flow Yield and Price To Sales Ratio is 0.96. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Bitfarms, assuming nothing else is changed. The correlation between historical values of Bitfarms' Free Cash Flow Yield and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Bitfarms are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Free Cash Flow Yield i.e., Bitfarms' Free Cash Flow Yield and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Bitfarms stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Bitfarms sales, a figure that is much harder to manipulate than other Bitfarms multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Bitfarms' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitfarms current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.At this time, Bitfarms' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 2nd of March 2025, Enterprise Value is likely to grow to about 714.1 M, though Tax Provision is likely to grow to (342.9 K).

	2022	2023	2024	2025 (projected)
Depreciation And Amortization	72.4M	84.8M	97.5M	102.4M
Interest Income	34.5M	1.4M	1.6M	1.6M

Depreciation And Amortization Interest Income

Bitfarms fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Liab	Net Tangible Assets
Total Assets		0.71	0.99	0.95	0.9	-0.59	-0.68	0.88	0.91	0.97	0.91	0.49	0.81	0.78	0.85	0.69	0.75	0.76	0.98	0.94	-0.34	0.86	0.83	0.8	0.85	1.0
Other Current Liab	0.71		0.7	0.83	0.86	-0.84	-0.86	0.6	0.86	0.73	0.83	0.18	0.95	0.56	0.61	0.61	0.3	0.55	0.7	0.62	-0.03	0.93	0.9	0.39	0.44	0.68
Total Current Liabilities	0.99	0.7		0.94	0.9	-0.55	-0.68	0.86	0.9	0.96	0.89	0.51	0.81	0.78	0.8	0.65	0.74	0.79	0.99	0.93	-0.4	0.86	0.83	0.84	0.84	0.98
Total Stockholder Equity	0.95	0.83	0.94		0.96	-0.69	-0.74	0.84	0.97	0.92	0.96	0.48	0.9	0.75	0.79	0.65	0.72	0.66	0.94	0.9	-0.26	0.94	0.91	0.79	0.83	0.95
Property Plant And Equipment Net	0.9	0.86	0.9	0.96		-0.59	-0.88	0.87	0.89	0.94	0.86	0.62	0.97	0.8	0.76	0.64	0.53	0.72	0.91	0.77	-0.34	0.99	0.98	0.75	0.66	0.9
Net Debt	-0.59	-0.84	-0.55	-0.69	-0.59		0.54	-0.42	-0.8	-0.52	-0.8	0.24	-0.69	-0.24	-0.6	-0.63	-0.4	-0.22	-0.5	-0.64	-0.33	-0.69	-0.61	-0.16	-0.49	-0.57
Retained Earnings	-0.68	-0.86	-0.68	-0.74	-0.88	0.54		-0.74	-0.66	-0.8	-0.62	-0.54	-0.93	-0.64	-0.65	-0.62	-0.1	-0.61	-0.7	-0.44	0.22	-0.91	-0.94	-0.42	-0.26	-0.66
Accounts Payable	0.88	0.6	0.86	0.84	0.87	-0.42	-0.74		0.72	0.93	0.7	0.69	0.76	0.64	0.93	0.83	0.54	0.57	0.85	0.73	-0.19	0.81	0.82	0.69	0.64	0.89
Cash	0.91	0.86	0.9	0.97	0.89	-0.8	-0.66	0.72		0.84	1.0	0.26	0.87	0.67	0.72	0.61	0.74	0.62	0.89	0.92	-0.16	0.9	0.84	0.71	0.84	0.91
Non Current Assets Total	0.97	0.73	0.96	0.92	0.94	-0.52	-0.8	0.93	0.84		0.82	0.62	0.86	0.82	0.86	0.72	0.59	0.79	0.97	0.84	-0.38	0.9	0.9	0.76	0.71	0.96
Cash And Short Term Investments	0.91	0.83	0.89	0.96	0.86	-0.8	-0.62	0.7	1.0	0.82		0.24	0.83	0.66	0.71	0.59	0.78	0.61	0.88	0.93	-0.17	0.87	0.81	0.72	0.86	0.9
Net Receivables	0.49	0.18	0.51	0.48	0.62	0.24	-0.54	0.69	0.26	0.62	0.24		0.47	0.66	0.41	0.23	0.24	0.51	0.56	0.28	-0.61	0.51	0.58	0.69	0.3	0.52
Common Stock Shares Outstanding	0.81	0.95	0.81	0.9	0.97	-0.69	-0.93	0.76	0.87	0.86	0.83	0.47		0.72	0.69	0.63	0.37	0.67	0.82	0.66	-0.23	0.99	0.99	0.59	0.52	0.8
Non Current Liabilities Total	0.78	0.56	0.78	0.75	0.8	-0.24	-0.64	0.64	0.67	0.82	0.66	0.66	0.72		0.44	0.3	0.5	0.92	0.85	0.67	-0.66	0.75	0.76	0.81	0.6	0.78
Capital Surpluse	0.85	0.61	0.8	0.79	0.76	-0.6	-0.65	0.93	0.72	0.86	0.71	0.41	0.69	0.44		0.91	0.52	0.41	0.76	0.75	0.04	0.74	0.72	0.48	0.61	0.85
Inventory	0.69	0.61	0.65	0.65	0.64	-0.63	-0.62	0.83	0.61	0.72	0.59	0.23	0.63	0.3	0.91		0.32	0.33	0.6	0.59	0.33	0.66	0.64	0.26	0.41	0.68
Other Current Assets	0.75	0.3	0.74	0.72	0.53	-0.4	-0.1	0.54	0.74	0.59	0.78	0.24	0.37	0.5	0.52	0.32		0.41	0.72	0.9	-0.26	0.46	0.38	0.81	0.99	0.78
Other Stockholder Equity	0.76	0.55	0.79	0.66	0.72	-0.22	-0.61	0.57	0.62	0.79	0.61	0.51	0.67	0.92	0.41	0.33	0.41		0.85	0.64	-0.66	0.68	0.69	0.72	0.52	0.74
Total Liab	0.98	0.7	0.99	0.94	0.91	-0.5	-0.7	0.85	0.89	0.97	0.88	0.56	0.82	0.85	0.76	0.6	0.72	0.85		0.91	-0.47	0.87	0.85	0.86	0.82	0.98
Total Current Assets	0.94	0.62	0.93	0.9	0.77	-0.64	-0.44	0.73	0.92	0.84	0.93	0.28	0.66	0.67	0.75	0.59	0.9	0.64	0.91		-0.25	0.73	0.66	0.78	0.96	0.95
Intangible Assets	-0.34	-0.03	-0.4	-0.26	-0.34	-0.33	0.22	-0.19	-0.16	-0.38	-0.17	-0.61	-0.23	-0.66	0.04	0.33	-0.26	-0.66	-0.47	-0.25		-0.25	-0.29	-0.64	-0.29	-0.35
Common Stock	0.86	0.93	0.86	0.94	0.99	-0.69	-0.91	0.81	0.9	0.9	0.87	0.51	0.99	0.75	0.74	0.66	0.46	0.68	0.87	0.73	-0.25		0.99	0.65	0.6	0.85
Property Plant Equipment	0.83	0.9	0.83	0.91	0.98	-0.61	-0.94	0.82	0.84	0.9	0.81	0.58	0.99	0.76	0.72	0.64	0.38	0.69	0.85	0.66	-0.29	0.99		0.64	0.53	0.82
Short Long Term Debt Total	0.8	0.39	0.84	0.79	0.75	-0.16	-0.42	0.69	0.71	0.76	0.72	0.69	0.59	0.81	0.48	0.26	0.81	0.72	0.86	0.78	-0.64	0.65	0.64		0.85	0.83
Other Liab	0.85	0.44	0.84	0.83	0.66	-0.49	-0.26	0.64	0.84	0.71	0.86	0.3	0.52	0.6	0.61	0.41	0.99	0.52	0.82	0.96	-0.29	0.6	0.53	0.85		0.87
Net Tangible Assets	1.0	0.68	0.98	0.95	0.9	-0.57	-0.66	0.89	0.91	0.96	0.9	0.52	0.8	0.78	0.85	0.68	0.78	0.74	0.98	0.95	-0.35	0.85	0.82	0.83	0.87

Click cells to compare fundamentals

Bitfarms Account Relationship Matchups

Bitfarms fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Other Current Liab	4.7M	16.7M	7.6M	40.4M	46.5M	48.8M
Total Current Liabilities	28.5M	101.2M	67.2M	69.2M	79.5M	44.1M
Total Stockholder Equity	15.4M	422.6M	255.6M	294.8M	339.0M	355.9M
Property Plant And Equipment Net	41.2M	229.3M	268.0M	240.1M	276.2M	290.0M
Net Debt	22.4M	(40.5M)	34.2M	(64.2M)	(57.7M)	(54.9M)
Retained Earnings	(22.1M)	(15K)	(239.1M)	(294.9M)	(265.4M)	(252.2M)
Accounts Payable	2.1M	9.9M	12.9M	9.1M	10.4M	6.8M
Cash	5.9M	125.3M	30.8M	84.0M	96.6M	101.5M
Non Current Assets Total	42.5M	255.5M	274.0M	248.7M	286.1M	144.0M
Other Assets	1.6M	973K	90.6M	38.2M	43.9M	24.3M
Long Term Debt	14.8M	174K	910K	4.1M	4.7M	3.8M
Cash And Short Term Investments	5.9M	191.3M	35.4M	115.9M	133.3M	140.0M
Net Receivables	1.4M	3.7M	16.8M	2.2M	2.5M	4.6M
Common Stock Shares Outstanding	84.9M	169.4M	207.8M	262.2M	301.6M	316.7M
Long Term Debt Total	693K	20.6M	7.6M	10.1M	11.7M	8.6M
Liabilities And Stockholders Equity	51.7M	542.6M	343.1M	378.7M	435.5M	224.7M
Non Current Liabilities Total	7.8M	18.8M	20.3M	14.8M	17.0M	13.2M
Inventory	169K	548K	588K	705K	810.8K	424.3K
Other Current Assets	1.7M	91.6M	16.3M	11.2M	12.8M	19.7M
Total Liab	36.3M	120.0M	87.5M	84.0M	96.6M	57.3M
Total Current Assets	9.2M	287.1M	69.1M	130.0M	149.5M	80.7M
Short Term Debt	20.8M	74.6M	46.7M	6.9M	7.9M	7.5M
Intangible Assets	377K	1.7M	33K	3.7M	3.3M	3.5M
Common Stock	32.0M	378.9M	429.1M	530.1M	609.6M	640.1M
Property Plant Equipment	44.0M	41.2M	146.2M	235.8M	271.2M	284.7M
Short Long Term Debt Total	28.4M	84.7M	65.0M	19.9M	22.9M	40.7M
Other Liab	193K	209K	8.7M	2.0M	2.3M	2.5M
Net Tangible Assets	27.4M	15.1M	403.9M	255.5M	293.9M	157.6M
Non Currrent Assets Other	942K	3.6M	6.0M	4.9M	5.6M	3.3M
Net Invested Capital	32.8M	493.8M	302.7M	298.8M	343.6M	218.0M
Short Long Term Debt	17.2M	70.3M	43.1M	4.0M	4.6M	4.4M
Capital Stock	32.0M	378.9M	429.1M	530.1M	609.6M	640.1M
Net Working Capital	(19.3M)	185.9M	1.8M	60.8M	70.0M	42.3M
Capital Lease Obligations	11.0M	13.6M	17.9M	15.9M	18.2M	14.3M
Property Plant And Equipment Gross	73.5M	269.0M	416.6M	466.7M	536.7M	286.2M

Pair Trading with Bitfarms

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitfarms position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitfarms will appreciate offsetting losses from the drop in the long position's value.

Moving against Bitfarms Stock

0.89	BEP-PM	Brookfield Renewable	Pair Corr
0.77	ATX	ATEX Resources	Pair Corr
0.67	ENB-PFC	Enbridge Pref 11	Pair Corr
0.62	CAE	CAE Inc	Pair Corr
0.54	AU	Aurion Resources	Pair Corr

The ability to find closely correlated positions to Bitfarms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitfarms when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitfarms - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitfarms to buy it.

The correlation of Bitfarms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitfarms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitfarms moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bitfarms can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Bitfarms is a strong investment it is important to analyze Bitfarms' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bitfarms' future performance. For an informed investment choice regarding Bitfarms Stock, refer to the following important reports:

How To Invest In Bitfarms

Details

Is Bitfarms Stock a good investment?

Details

What is Bitfarms' Net Worth?

Details

Largest Asset Management & Custody Banks Companies

View

Largest Financial Services Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitfarms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Bitfarms Stock, please use our How to Invest in Bitfarms guide.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Please note, there is a significant difference between Bitfarms' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bitfarms is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bitfarms' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Bitfarms Free Cash Flow Yield vs Price To Sales Ratio Analysis

Free Cash Flow Yield vs Price To Sales Ratio

Free Cash Flow Yield vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Price To Sales Ratio

Bitfarms fundamental ratios Correlations

Bitfarms Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bitfarms fundamental ratios Accounts

Pair Trading with Bitfarms

Moving against Bitfarms Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Tangible Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Common Stock	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Shares Outstanding

Property Plant Equipment	- 0.94	Retained Earnings
Common Stock Shares Outstanding	- 0.93	Retained Earnings
Common Stock	- 0.91	Retained Earnings
Retained Earnings	- 0.88	Property Plant And Equipment Net
Retained Earnings	- 0.86	Other Current Liab
Net Debt	- 0.84	Other Current Liab