Critical 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 compare to its rivals? We will compare Core Scientific to similar companies based on the strength of its risk, analyst recommendations, institutional ownership, dividends, earnings, profitability and valuation.

Earnings & Valuation

This table compares Core Scientific and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Core Scientific	$502.40 million	N/A	-3.04
Core Scientific Competitors	$2.62 billion	$383.60 million	13.75

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

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Core Scientific and its rivals, as reported 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	482	1816	2865	106	2.49

Core Scientific currently has a consensus price target of $18.38, suggesting a potential upside of 11.96%. As a group, “Nondepository credit institutions” companies have a potential downside of 3.18%. Given Core Scientific’s stronger consensus rating and higher probable upside, analysts plainly believe Core Scientific is more favorable than its rivals.

Insider and Institutional Ownership

33.8% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 23.6% of shares of all “Nondepository credit institutions” companies are owned 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.

Profitability

This table compares Core Scientific and its rivals’ 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%	-83.38%	-4.23%

Summary

Core Scientific beats its rivals on 7 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.