CIFR

Cipher Mining Inc.

There isn't enough reported data to score CIFR yet.

FBP

First BanCorp.

59
Fundamentals64/ 100
Valuation45/ 100
Upside potential65/ 100
Risk potential12/ 100

FBP's fundamentals are mixed: its operating margin rose 3 points to 44%, while revenue grew 5.7%. At 11x earnings, it's trading in line with its usual 10x. Analysts expect earnings growth.

CIFR Fundamentals

MetricStatus
Weak
Weak
N/A
N/A

CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.

FBP Fundamentals

MetricStatus
Stable
Strong
N/A
N/A

FBP's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FBP.

CIFR PE Valuation

CIFR has no meaningful PE right now: it lost money over the past year.

FBP PE Valuation

CHEAPFAIREXPENSIVE5.9x12x18x24x
CHEAPFAIREXPENSIVE5.9x12x18x24x
LevelPEPriceVs current
Cheap9.1x$21.53-17%
Fair10x$24.46-6.3%
Current11x$26.09—
Forward11x$26.09—
Expensive12x$27.42+5.1%

Historical ranges are pointers, not guarantees.

FBP's PE is in its expensive range at 11.0x. On analysts' estimates for next year's earnings, today's price would be 10.7x, in its fair range.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over FBP on the outlook, with more favorable revenue expectations.

FBP Forward outlook

MetricOutlook
Stable
Growth
Stable
Strongly improving
Limited
High

Analysts expect FBP's earnings to grow and its profitability to improve, with its revenue holding steady.

CIFR Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.15 on Nov 12.

There is not enough scenario data to compare CIFR and FBP's risk to reward.

FBP Risk to reward

ScenarioChangePrice
Upside+22%$31.73
Downside-12%$23.00

Calculated from the latest close: $26.09 on Nov 12.

There is not enough scenario data to compare CIFR and FBP's risk to reward.

CIFR Earnings Per Share

Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
QuarterTTM EPSYoY
Q3 2026-$3.06-$2.86
Q2 2026-$2.85-$2.40
Q1 2026-$2.32-$1.94
Q4 2025-$2.15-$2.01
Q3 2025-$0.20-$0.07
Q2 2025-$0.45-850%
Q1 2025-$0.38-733%
Q4 2024-$0.14-$0.04

CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.

FBP Earnings Per Share

Q4 2023: $1.71Q1 2024: $1.76Q2 2024: $1.83Q3 2024: $1.82Q4 2024: $1.81Q1 2025: $1.84Q2 2025: $1.88Q3 2025: $2.06Q4 2025: $2.15Q1 2026: $2.25Q2 2026: $2.37Q3 2026: $2.37Forward: $2.43
Q4 2023: $1.71Q1 2024: $1.76Q2 2024: $1.83Q3 2024: $1.82Q4 2024: $1.81Q1 2025: $1.84Q2 2025: $1.88Q3 2025: $2.06Q4 2025: $2.15Q1 2026: $2.25Q2 2026: $2.37Q3 2026: $2.37Forward: $2.43
QuarterTTM EPSYoY
Forward$2.43+2.4%
Q3 2026$2.37+15%
Q2 2026$2.37+26%
Q1 2026$2.25+22%
Q4 2025$2.15+19%
Q3 2025$2.06+13%
Q2 2025$1.88+2.7%
Q1 2025$1.84+4.5%
Q4 2024$1.81+5.8%

FBP has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.

CIFR Quarterly Revenue

Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
QuarterRevenueYoY
Q3 2026$26.7M-63%
Q2 2026$24.8M-43%
Q1 2026$34.8M-29%
Q4 2025$59.7M+41%
Q3 2025$71.7M+198%
Q2 2025$43.6M+18%
Q1 2025$49M+1.7%
Q4 2024$42.2M-2.8%

CIFR's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.

FBP Quarterly Revenue

Q4 2023: $230MQ1 2024: $231MQ2 2024: $232MQ3 2024: $235MQ4 2024: $241MQ1 2025: $248MQ2 2025: $247MQ3 2025: $249MQ4 2025: $257MQ1 2026: $259MQ2 2026: $265MQ3 2026: $260M
Q4 2023: $230MQ1 2024: $231MQ2 2024: $232MQ3 2024: $235MQ4 2024: $241MQ1 2025: $248MQ2 2025: $247MQ3 2025: $249MQ4 2025: $257MQ1 2026: $259MQ2 2026: $265MQ3 2026: $260M
QuarterRevenueYoY
Q3 2026$260.1M+4.6%
Q2 2026$264.9M+7.3%
Q1 2026$258.6M+4.2%
Q4 2025$257.2M+6.5%
Q3 2025$248.7M+6%
Q2 2025$246.8M+6.5%
Q1 2025$248.1M+7.6%
Q4 2024$241.5M+4.9%

FBP has the edge over CIFR on sales, with more consistent year-over-year improvement.

CIFR Free Cash Flow

Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
QuarterFree cash flowYoY
Q3 2026-$1.7B-$1.4B
Q2 2026-$653.8M-$566.3M
Q1 2026-$462.5M-$390.7M
Q4 2025-$280.3M-$204.2M
Q3 2025-$256.2M-$173.1M
Q2 2025-$87.5M-$54.3M
Q1 2025-$71.8M-$37.3M
Q4 2024-$76.1M+$38M

CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.

FBP Free Cash Flow

Q4 2023: $77MQ1 2024: $114MQ2 2024: $69MQ3 2024: $115MQ4 2024: $95MQ1 2025: $107MQ2 2025: $93MQ3 2025: $135MQ4 2025: $103MQ1 2026: $116MQ2 2026: $87MQ3 2026: $101M
Q4 2023: $77MQ1 2024: $114MQ2 2024: $69MQ3 2024: $115MQ4 2024: $95MQ1 2025: $107MQ2 2025: $93MQ3 2025: $135MQ4 2025: $103MQ1 2026: $116MQ2 2026: $87MQ3 2026: $101M
QuarterFree cash flowYoY
Q3 2026$101.2M-25%
Q2 2026$87.2M-6.1%
Q1 2026$115.9M+8.6%
Q4 2025$103.2M+8.4%
Q3 2025$134.8M+17%
Q2 2025$92.8M+34%
Q1 2025$106.7M-6.5%
Q4 2024$95.2M+24%

FBP has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.

CIFR Total Shares

Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
PeriodChange %Net change
Quarterly+7.4%+30.3M shares
1 year+12%+46.5M shares
3 years+75%+188M shares
5 years+102%+222M shares

CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.

FBP Total Shares

Q4 2023: 177MQ1 2024: 168MQ2 2024: 166MQ3 2024: 164MQ4 2024: 165MQ1 2025: 164MQ2 2025: 162MQ3 2025: 160MQ4 2025: 161MQ1 2026: 156MQ2 2026: 154MQ3 2026: 152M
Q4 2023: 177MQ1 2024: 168MQ2 2024: 166MQ3 2024: 164MQ4 2024: 165MQ1 2025: 164MQ2 2025: 162MQ3 2025: 160MQ4 2025: 161MQ1 2026: 156MQ2 2026: 154MQ3 2026: 152M
PeriodChange %Net change
Quarterly-1.4%-2.2M shares
1 year-5.1%-8.1M shares
3 years-14%-25M shares

FBP has the edge over CIFR on shareholder dilution, with a more favorable share count trend.

CIFR Net Leverage

Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
QuarterNet LeverageStatus
Q3 2025-2.3xNet Cash
Q1 2025125.4xHigh
Q4 20240.5xVery low
Q3 2024-0.7xNet Cash
Q2 2024-1.2xNet Cash
Q1 2024-0.9xNet Cash
Q4 2023-2.2xNet Cash
Q2 2023-0.1xNet Cash

CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.

FBP Net Leverage

Q4 2023: -0.4xQ1 2024: -1.6xQ2 2024: -1.4xQ3 2024: -1.7xQ4 2024: -1.4xQ1 2025: -2.4xQ2 2025: -1.0xQ3 2025: -1.4xQ4 2025: -0.8xQ1 2026: -0.6xQ2 2026: -0.8xQ3 2026: -0.5x
Q4 2023: -0.4xQ1 2024: -1.6xQ2 2024: -1.4xQ3 2024: -1.7xQ4 2024: -1.4xQ1 2025: -2.4xQ2 2025: -1.0xQ3 2025: -1.4xQ4 2025: -0.8xQ1 2026: -0.6xQ2 2026: -0.8xQ3 2026: -0.5x
QuarterNet LeverageStatus
Q3 2026-0.5xNet Cash
Q2 2026-0.8xNet Cash
Q1 2026-0.6xNet Cash
Q4 2025-0.8xNet Cash
Q3 2025-1.4xNet Cash
Q2 2025-1.0xNet Cash
Q1 2025-2.4xNet Cash
Q4 2024-1.4xNet Cash

FBP has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FBP.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).

FBP Weekly Momentum

MetricValueStatus
RSI48.2Neutral
Stochastic6.7Oversold

FBP's weekly RSI is 48 (neutral) and its Stochastic is 7 (oversold).

CIFR PE vs Financial Services Sector

MetricCIFRSector medianRelative
PEN/A13x—

CIFR has no meaningful PE right now: it lost money over the past year.

FBP PE vs Financial Services Sector

MetricFBPSector medianRelative
PE11x13x15% below
PE %67634 pts above

FBP is trading at 11x earnings, a 15% discount to the Financial Services sector's median of 13x.

CIFR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.633% below
20 week MA$15.554% below
50 week MA$17.058% below
100 week MA$12.241% below
200 week MA$7.869% below

CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.

FBP Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$26.72.4% below
20 week MA$27.55.3% below
50 week MA$24.56.4% above
100 week MA$22.417% above
200 week MA$19.236% above

FBP has the edge over CIFR on trend strength, trading above more of its moving averages.

CIFR Yearly ROI

YearStart priceEnd priceROI
2020$9.92$9.95+0.3%
2021$9.95$5.21-48%
2022$5.21$0.54-90%
2023$0.54$4.13+665%
2024$4.13$4.86+18%
2025$4.86$15.2+213%
2026 YTD$15.2$7.15-53%

CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.

FBP Yearly ROI

YearStart priceEnd priceROI
2020$10.6$9.13-14%
2021$9.13$13.6+49%
2022$13.6$12.8-5.7%
2023$12.8$16.5+28%
2024$16.5$18.7+14%
2025$18.7$21.2+13%
2026 YTD$21.2$26.1+23%

FBP has the edge over CIFR on returns for 2026, with the stronger performance.

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