Discounted Cash Flow
Hive Digital Technologies Ltd.
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Audit / VIE / HFCA: Financial-sector DCF: free cash flow for lenders/insurers includes loan principal and deposits, so FCF ≈ 5-10× net income and is not a valuation proxy; the model shows moderate/unstable predictability and the DCF can be 5-40× market cap (lender pattern).
Sourced live via DEF 14A beneficial_ownership (edgartools proxy) for US filers and 20-F risk_factors (“controls X% of voting power” + VIE/HFCA) for foreign ADRs — cached 12h. A concentrated holder can overrule the DCF’s minority-basis assumptions on dividends, issuance, and delisting.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $925 | $-30.0k | — | -3239.4% | — |
| 2017 | $2.3b (250510504.9%) | $17.9m (59951.3%) | $-52.3m | 0.8% (100.0%) | $0.57 |
| 2018 | $1.5m (-99.9%) | $-2.3m (-112.8%) | $73.6k (100.1%) | -158.1% (-20523.7%) | $0.04 (-93.0%) |
| 2019 | $4.4m (201.8%) | $-3.3m (-43.8%) | $-1.1m (-1601.1%) | -75.3% (52.4%) | $-0.10 (-350.0%) |
| 2020 | $4.6m (4.0%) | $-2.5m (25.3%) | $937.0k (184.8%) | -54.1% (28.2%) | $0.03 (130.0%) |
| 2021 | $5.3m (15.4%) | $-12.1m (-391.8%) | $-1.2m (-231.7%) | -230.5% (-326.1%) | $0.35 (1066.7%) |
| 2022 | $13.3m (153.2%) | $-3.8m (68.9%) | $-2.5m (-100.5%) | -28.3% (87.7%) | $1.02 (191.4%) |
| 2023 | $14.7m (10.1%) | $-2.5m (33.4%) | $184.5k (107.5%) | -17.1% (39.6%) | $-2.85 (-379.4%) |
| 2024 | $14.6m (-0.3%) | $-2.1m (16.7%) | $7.0m (3690.6%) | -14.3% (16.5%) | $0.29 (110.2%) |
| 2025 | $13.2m (-9.9%) | $-91.6m (-4282.6%) | $12.1m (72.8%) | -695.1% (-4763.7%) | $-0.02 (-106.9%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.