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Alternative stocks to Bitfarms (TSX:BITF)


These are the alternatives to Bitfarms that fall within the same industry, Application Software, or region, Canada.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

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See Bitfarms Performance

Bitfarms stock research in summary

bitfarms.io


Bitfarms shares have a market-typical stock price level. They are safely financed and are good value, but show below average growth. We recommend evaluating whether the future of the company Bitfarms is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.


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Country Canada
Industry Application Software
Index
Size class Small

Large companies - similar industry as Bitfarms

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Salesforce (XXL, US)  Application Software
1. Salesforce (XXL, US)   Application Software 70 64 84 92
2. Intuit (XXL, US)  Application Software
2. Intuit (XXL, US)   Application Software 54 46 67 69
3. Constellation Software (XL, CA)  Application Software
3. Constellation Software (XL, CA)   Application Software 31 93 50 53
4. Zoom Video Communications (XL, US)  Application Software
4. Zoom Video Communications (XL, US)   Application Software 25 39 94 49
5. Roper (XL, US)  Application Software
5. Roper (XL, US)   Application Software 75 23 59 48
6. Workday (XL, US)  Application Software
6. Workday (XL, US)   Application Software 12 78 60 47
7. Cadence Design (XL, US)  Application Software
7. Cadence Design (XL, US)   Application Software 12 40 92 44
8. NCR (XL, US)  Application Software
8. NCR (XL, US)   Application Software 84 8 52 44
9. Synopsys (XL, US)  Application Software
9. Synopsys (XL, US)   Application Software 24 42 92 43
10. Open Text (XL, CA)  Application Software
10. Open Text (XL, CA)   Application Software 100 1 24 34

December 19, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Bitfarms

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. ATCO (XL, CA)  Multi-Utilities
1. ATCO (XL, CA)   Multi-Utilities 95 79 81 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 85 45 98 100
3. Fortis (XL, CA)  Electric Utilities
3. Fortis (XL, CA)   Electric Utilities 75 69 82 98
4. West Fraser (XL, CA)  Forest Products
4. West Fraser (XL, CA)   Forest Products 69 100 67 98
5. Restaurant Brands International (XL, CA)  Restaurants
5. Restaurant Brands International (XL, CA)   Restaurants 57 89 66 96
6. Fairfax (XXL, CA)  Property & Casualty Insurance
6. Fairfax (XXL, CA)   Property & Casualty Insurance 67 77 65 96
7. Barrick Gold (XL, CA)  Gold Production
7. Barrick Gold (XL, CA)   Gold Production 84 59 76 96
8. Canadian Tire (XXL, CA)  General Merchandise Stores
8. Canadian Tire (XXL, CA)   General Merchandise Stores 89 91 52 95
9. Suncor (XXL, CA)  Oil & Gas Integrated
9. Suncor (XXL, CA)   Oil & Gas Integrated 73 55 83 95
10. Bank of Montreal (XXL, CA)  Diversified Banks
10. Bank of Montreal (XXL, CA)   Diversified Banks 83 69 49 94

December 19, 2024


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Mid sized companies - similar industry as Bitfarms

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Axway Software (M, US)  Application Software
1. Axway Software (M, US)   Application Software 94 74 86 98
2. Kinaxis (M, CA)  Application Software
2. Kinaxis (M, CA)   Application Software 13 97 93 93
3. HashiCorp (M, US)  Application Software
3. HashiCorp (M, US)   Application Software 13 100 88 92
4. Lightspeed Commerce (L, CA)  Application Software
4. Lightspeed Commerce (L, CA)   Application Software 67 87 58 92
5. Box (L, US)  Application Software
5. Box (L, US)   Application Software 99 45 71 91
6. Paycom Software (L, US)  Application Software
6. Paycom Software (L, US)   Application Software 73 27 100 89
7. Enghouse Systems (M, CA)  Application Software
7. Enghouse Systems (M, CA)   Application Software 96 14 98 86
8. EverCommerce (M, US)  Application Software
8. EverCommerce (M, US)   Application Software 73 57 66 84
9. Descartes Systems (M, CA)  Application Software
9. Descartes Systems (M, CA)   Application Software 22 72 95 81
10. Pegasystems (L, US)  Application Software
10. Pegasystems (L, US)   Application Software 62 82 41 78

December 19, 2024


Mid sized companies - similar region as Bitfarms

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Leon's Furniture (L, CA)  Homefurnishing Retail
1. Leon's Furniture (L, CA)   Homefurnishing Retail 85 75 77 100
2. Mullen (L, CA)  Trucking
2. Mullen (L, CA)   Trucking 96 74 79 100
3. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
3. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 97 61 77 100
4. Lassonde (L, CA)  Packaged Foods & Meats
4. Lassonde (L, CA)   Packaged Foods & Meats 85 97 84 100
5. Onex (L, CA)  Asset Management & Custody
5. Onex (L, CA)   Asset Management & Custody 45 97 88 100
6. Magellan Aerospace (M, CA)  Aerospace & Defense
6. Magellan Aerospace (M, CA)   Aerospace & Defense 99 73 98 100
7. Dundee Precious Metals (M, CA)  Gold Production
7. Dundee Precious Metals (M, CA)   Gold Production 80 67 94 100
8. Whitecap Resources (L, CA)  Oil & Gas Production
8. Whitecap Resources (L, CA)   Oil & Gas Production 94 82 63 100
9. Centerra (L, CA)  Gold Production
9. Centerra (L, CA)   Gold Production 96 53 92 100
10. Sundial Growers (M, CA)  Pharmaceuticals
10. Sundial Growers (M, CA)   Pharmaceuticals 58 79 72 98

December 19, 2024



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