BIT DIGITAL INC (BTBT)
KYG1144A1058 - Common Stock
Overall BTBT gets a fundamental rating of 4 out of 10. We evaluated BTBT against 276 industry peers in the Software industry. While BTBT has a great health rating, there are worries on its profitability. BTBT is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year BTBT has reported negative net income.
In the past year BTBT had a positive cash flow from operations.
In the past 5 years BTBT always reported negative net income.
BTBT had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of BTBT (-7.34%) is comparable to the rest of the industry.
BTBT has a Return On Equity of -9.10%. This is comparable to the rest of the industry: BTBT outperforms 59.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.34% | ||
| ROE | -9.1% | ||
| ROIC | N/A |
ROA(3y)-37.6%
ROA(5y)-66.73%
ROE(3y)-42.28%
ROE(5y)-77.52%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BTBT has a Gross Margin of 34.18%. This is in the lower half of the industry: BTBT underperforms 79.20% of its industry peers.
In the last couple of years the Gross Margin of BTBT has remained more or less at the same level.
BTBT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 34.18% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5YN/A
2. Health
2.1 Basic Checks
BTBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BTBT has more shares outstanding
Compared to 5 years ago, BTBT has more shares outstanding
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 2.57 indicates that BTBT is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.57, BTBT perfoms like the industry average, outperforming 56.93% of the companies in the same 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 | 2.57 |
ROIC/WACCN/A
WACC9.93%
2.3 Liquidity
BTBT has a Current Ratio of 3.08. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BTBT (3.08) is better than 75.55% of its industry peers.
BTBT has a Quick Ratio of 3.08. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
BTBT has a Quick ratio of 3.08. This is in the better half of the industry: BTBT outperforms 75.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 |
3. Growth
3.1 Past
BTBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 44.44%, which is quite impressive.
BTBT shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.08%.
The Revenue has been growing by 28.70% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)44.44%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q87.5%
Revenue 1Y (TTM)39.08%
Revenue growth 3Y28.7%
Revenue growth 5YN/A
Revenue growth Q2Q106.35%
3.2 Future
The Earnings Per Share is expected to grow by 55.72% on average over the next years. This is a very strong growth
Based on estimates for the next years, BTBT will show a very strong growth in Revenue. The Revenue will grow by 79.68% on average per year.
EPS Next Y114.34%
EPS Next 2Y55.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year158.85%
Revenue Next 2Y79.68%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
BTBT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 91.94, the valuation of BTBT can be described as expensive.
BTBT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.92. BTBT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 91.94 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The 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 55.72% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y55.72%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BTBT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT DIGITAL INC
NASDAQ:BTBT (5/2/2024, 12:52:49 PM)
2.11
+0.1 (+4.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap225.56M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 91.94 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.34% | ||
| ROE | -9.1% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 34.18% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.08 | ||
| Quick Ratio | 3.08 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)44.44%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y114.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)39.08%
Revenue growth 3Y28.7%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y