Financial Review: Core Scientific (CORZ) versus Its Peers

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

Institutional & Insider Ownership

33.8% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 32.0% of Core Scientific shares are held by company insiders. Comparatively, 23.6% of shares of all “Nondepository credit institutions” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

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%	-83.37%	-4.22%

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	-2.96
Core Scientific Competitors	$2.99 billion	$383.51 million	12.74

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.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Core Scientific and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Core Scientific	0	0	13	1	3.07
Core Scientific Competitors	483	1819	2883	106	2.49

Core Scientific currently has a consensus target price of $18.38, suggesting a potential upside of 14.62%. As a group, “Nondepository credit institutions” companies have a potential downside of 0.64%. Given Core Scientific’s stronger consensus rating and higher probable upside, equities analysts clearly believe Core Scientific is more favorable than its peers.

Summary

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

About Core Scientific

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.