CleanSpark (CLSK) vs. Its Competitors Financial Comparison

CleanSpark (NASDAQ: CLSK) is one of 63 public companies in the “Computer integrated systems design” industry, but how does it compare to its competitors? We will compare CleanSpark to related companies based on the strength of its dividends, profitability, risk, institutional ownership, analyst recommendations, earnings and valuation.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for CleanSpark and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CleanSpark 0 0 2 0 3.00
CleanSpark Competitors 337 1865 2783 52 2.51

CleanSpark presently has a consensus price target of $47.50, suggesting a potential upside of 159.56%. As a group, “Computer integrated systems design” companies have a potential upside of 10.59%. Given CleanSpark’s stronger consensus rating and higher possible upside, research analysts plainly believe CleanSpark is more favorable than its competitors.

Profitability

This table compares CleanSpark and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
CleanSpark -97.53% -19.32% -18.23%
CleanSpark Competitors -24.25% -18.04% -2.55%

Institutional and Insider Ownership

21.7% of CleanSpark shares are held by institutional investors. Comparatively, 59.0% of shares of all “Computer integrated systems design” companies are held by institutional investors. 9.0% of CleanSpark shares are held by company insiders. Comparatively, 11.4% of shares of all “Computer integrated systems design” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Valuation and Earnings

This table compares CleanSpark and its competitors gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
CleanSpark $10.03 million -$23.35 million -35.19
CleanSpark Competitors $1.54 billion $58.08 million 61.96

CleanSpark’s competitors have higher revenue and earnings than CleanSpark. CleanSpark is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

CleanSpark has a beta of 5.1, meaning that its share price is 410% more volatile than the S&P 500. Comparatively, CleanSpark’s competitors have a beta of -12.00, meaning that their average share price is 1,300% less volatile than the S&P 500.

Summary

CleanSpark competitors beat CleanSpark on 9 of the 13 factors compared.

CleanSpark Company Profile

CleanSpark, Inc. provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage renewable energy generation, storage, and consumption; and microgrids, which comprise generation, energy storage, and smart distribution assets that serve a single or multiple loads connected to the utility grid and separate from the utility grid for commercial, industrial, defense, campus, and residential users. The company's products include mPulse software suite, a modular platform that provides intelligent control of a microgrid; and microgrid value stream optimizer that offers a robust distributed energy and microgrid system modeling solution. It also provides critical power switchgear and hardware solutions, including parallel switchgear, automatic transfer switches, and related control and circuit protective equipment solutions; technology-based consulting services comprising design, marketing/digital content, engineering and SalesForce development, and strategy services; and distributed energy microgrid system design and engineering, and project consulting services. In addition, the company offers open automated demand response (OpenADR) and other middleware communication protocol software solutions, such as Canvas, an OpenADR virtual top node built for testing and managing virtual end nodes; and Plaid, a software solution that allows internet connected products to add load shifting capabilities into APIs. Further, it owns a gasification technology and process for converting waste and organic materials into synthesis gas, which is used as fuel for power plants, motor vehicles, jets, duel-fuel diesel engines, gas turbines, steam boilers, and as feedstock for the generation of di-methyl ether. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is based in Woods Cross, Utah.

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