BTBT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 278 industry peers in the Software industry. While BTBT has a great health rating, there are worries on its profitability. BTBT has a decent growth rate and is not valued too expensively.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

BTBT had positive earnings in the past year.
BTBT had a negative operating cash flow in the past year.
In the past 5 years BTBT reported 4 times negative net income.
In the past 5 years BTBT reported 4 times negative operating cash flow.

1.2 Ratios

BTBT has a better Return On Assets (12.09%) than 88.49% of its industry peers.
BTBT's Return On Equity of 15.12% is amongst the best of the industry. BTBT outperforms 82.01% of its industry peers.

		Industry Rank	Sector Rank
ROA	12.09%
ROE	15.12%
ROIC	N/A

ROA(3y)-35.65%

ROA(5y)-22.65%

ROE(3y)-40.04%

ROE(5y)-25.35%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

BTBT has a Profit Margin of 127.66%. This is amongst the best in the industry. BTBT outperforms 96.40% of its industry peers.
The Gross Margin of BTBT (49.97%) is worse than 70.50% of its industry peers.
BTBT's Gross Margin has declined in the last couple of years.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	127.66%
GM	49.97%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-14.66%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

BTBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BTBT has been increased compared to 1 year ago.
BTBT has more shares outstanding than it did 5 years ago.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

An Altman-Z score of 2.42 indicates that BTBT is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of BTBT (2.42) is comparable to the rest of the industry.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	2.42

ROIC/WACCN/A

WACC11.06%

2.3 Liquidity

BTBT has a Current Ratio of 17.53. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
BTBT has a Current ratio of 17.53. This is amongst the best in the industry. BTBT outperforms 97.12% of its industry peers.
A Quick Ratio of 17.53 indicates that BTBT has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 17.53, BTBT belongs to the best of the industry, outperforming 97.12% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	17.53
Quick Ratio	17.53

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

BTBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 223.53%, which is quite impressive.
Looking at the last year, BTBT shows a quite strong growth in Revenue. The Revenue has grown by 9.52% in the last year.
BTBT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.99% yearly.

EPS 1Y (TTM)223.53%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%280.77%

Revenue 1Y (TTM)9.52%

Revenue growth 3Y3.99%

Revenue growth 5YN/A

Sales Q2Q%34.15%

3.2 Future

The Earnings Per Share is expected to grow by 31.13% on average over the next years. This is a very strong growth
BTBT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 43.82% yearly.

EPS Next Y314.63%

EPS Next 2Y45.86%

EPS Next 3Y31.13%

EPS Next 5YN/A

Revenue Next Year5.52%

Revenue Next 2Y41.95%

Revenue Next 3Y43.82%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 4.83, the valuation of BTBT can be described as very cheap.
Based on the Price/Earnings ratio, BTBT is valued cheaply inside the industry as 94.60% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.30, BTBT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 132.68, the valuation of BTBT can be described as expensive.
BTBT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BTBT is more expensive than 61.87% of the companies in the same industry.
BTBT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.57.

		Industry Rank	Sector Rank
PE	4.83
Fwd PE	132.68

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

BTBT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BTBT's earnings are expected to grow with 31.13% in the coming years.