Financial Analysis: Core Scientific (CORZ) & Its Peers

Core Scientific (NASDAQ:CORZ) is one of 109 public companies in the “Nondepository credit institutions” industry, but how does it contrast to its competitors? We will compare Core Scientific to related businesses based on the strength of its institutional ownership, earnings, dividends, risk, profitability, valuation and analyst recommendations.

Institutional and Insider Ownership

33.9% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 32.0% of Core Scientific shares are held by insiders. Comparatively, 22.5% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of current ratings for Core Scientific and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	0	0	13	1	3.07
Core Scientific Competitors	482	1817	2876	106	2.49

Core Scientific currently has a consensus price target of $18.38, indicating a potential upside of 8.21%. As a group, “Nondepository credit institutions” companies have a potential downside of 6.43%. Given Core Scientific’s stronger consensus rating and higher probable upside, research analysts plainly believe Core Scientific is more favorable than its competitors.

Profitability

This table compares Core Scientific and its competitors’ 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%	-83.37%	-4.22%

Valuation and Earnings

This table compares Core Scientific and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Core Scientific	$502.40 million	N/A	-3.14
Core Scientific Competitors	$2.62 billion	$383.60 million	13.62

Core Scientific’s competitors have higher revenue and earnings than Core Scientific. Core Scientific 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.

Summary

Core Scientific beats its competitors 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.