Financial Analysis: Core Scientific (CORZ) and The Competition

Core Scientific (NASDAQ:CORZ) is one of 109 publicly-traded companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its peers? We will compare Core Scientific to similar companies based on the strength of its valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk.

Analyst Ratings

This is a breakdown of current recommendations for Core Scientific and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	0	0	13	1	3.07
Core Scientific Competitors	484	1833	2908	109	2.50

Core Scientific currently has a consensus target price of $18.46, indicating a potential upside of 30.65%. As a group, “Nondepository credit institutions” companies have a potential upside of 6.22%. Given Core Scientific’s stronger consensus rating and higher probable upside, research analysts clearly believe Core Scientific is more favorable than its peers.

Insider and Institutional Ownership

33.9% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 32.0% of Core Scientific shares are owned by company insiders. Comparatively, 22.5% of shares of all “Nondepository credit institutions” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Earnings & Valuation

This table compares Core Scientific and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Core Scientific	$557.68 million	N/A	-2.61
Core Scientific Competitors	$3.17 billion	$383.51 million	13.11

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

Profitability

This table compares Core Scientific and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Core Scientific	N/A	N/A	N/A
Core Scientific Competitors	-90.84%	-83.36%	-4.21%

Summary

Core Scientific beats its peers on 8 of the 11 factors compared.

Core Scientific Company Profile

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. In addition, the company provides electrical power, repair, and other infrastructure services to operate, maintain, and earn digital assets; and sells mining equipment to customers. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.