BIT MINING LTD - SPON ADR (BTCM) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:BTCM • US0554742090
2.73 USD
-0.11 (-3.87%)
At close: Oct 17, 2025
2.7404 USD
+0.01 (+0.38%)
After Hours: 10/17/2025, 8:04:01 PM
We assign a fundamental rating of 3 out of 10 to BTCM. BTCM was compared to 278 industry peers in the Software industry. While BTCM seems to be doing ok healthwise, there are quite some concerns on its profitability. BTCM does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- BTCM had negative earnings in the past year.
- BTCM had negative earnings in 4 of the past 5 years.
- BTCM had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 17.47%, BTCM belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
- BTCM's Return On Equity of 27.54% is amongst the best of the industry. BTCM outperforms 90.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.47% | ||
| ROE | 27.54% | ||
| ROIC | N/A |
ROA(3y)-71.39%
ROA(5y)-56.06%
ROE(3y)-133.77%
ROE(5y)-97.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of BTCM (36.67%) is better than 93.01% of its industry peers.
- With a Gross Margin value of 9.07%, BTCM is not doing good in the industry: 83.57% of the companies in the same industry are doing better.
- BTCM's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 36.67% | ||
| GM | 9.07% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y179.81%
GM growth 5YN/A
2. Health
2.1 Basic Checks
- BTCM does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, BTCM has more shares outstanding
- Compared to 5 years ago, BTCM has more shares outstanding
- BTCM 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
- Based on the Altman-Z score of -10.34, we must say that BTCM is in the distress zone and has some risk of bankruptcy.
- BTCM's Altman-Z score of -10.34 is on the low side compared to the rest of the industry. BTCM is outperformed by 88.46% of its industry peers.
- There is no outstanding debt for BTCM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -10.34 |
ROIC/WACCN/A
WACC11.03%
2.3 Liquidity
- BTCM has a Current Ratio of 0.99. This is a bad value and indicates that BTCM is not financially healthy enough and could expect problems in meeting its short term obligations.
- BTCM has a worse Current ratio (0.99) than 73.08% of its industry peers.
- A Quick Ratio of 0.99 indicates that BTCM may have some problems paying its short term obligations.
- With a Quick ratio value of 0.99, BTCM is not doing good in the industry: 72.03% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
- BTCM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.35%, which is quite impressive.
- BTCM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.62%.
- BTCM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 44.64% yearly.
EPS 1Y (TTM)74.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)-23.62%
Revenue growth 3Y-70.85%
Revenue growth 5Y44.64%
Sales Q2Q%-43.11%
3.2 Future
- Based on estimates for the next years, BTCM will show a very negative growth in Earnings Per Share. The EPS will decrease by -100.00% on average per year.
- Based on estimates for the next years, BTCM will show a very negative growth in Revenue. The Revenue will decrease by -17.16% on average per year.
EPS Next Y-100%
EPS Next 2Y-100%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.36%
Revenue Next 2Y-17.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings Ratio is negative for BTCM. In the last year negative earnings were reported.
- Also next year BTCM is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BTCM is valued cheaply inside the industry as 91.61% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.11 |
4.3 Compensation for Growth
- A cheap valuation may be justified as BTCM's earnings are expected to decrease with -100.00% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-100%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- No dividends for BTCM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT MINING LTD - SPON ADR / BTCM FAQ
What is the ChartMill fundamental rating of BIT MINING LTD - SPON ADR (BTCM) stock?
ChartMill assigns a fundamental rating of 3 / 10 to BTCM.
What is the valuation status of BIT MINING LTD - SPON ADR (BTCM) stock?
ChartMill assigns a valuation rating of 1 / 10 to BIT MINING LTD - SPON ADR (BTCM). This can be considered as Overvalued.
What is the profitability of BTCM stock?
BIT MINING LTD - SPON ADR (BTCM) has a profitability rating of 3 / 10.
How financially healthy is BIT MINING LTD - SPON ADR?
The financial health rating of BIT MINING LTD - SPON ADR (BTCM) is 4 / 10.
Can you provide the expected EPS growth for BTCM stock?
The Earnings per Share (EPS) of BIT MINING LTD - SPON ADR (BTCM) is expected to decline by -100% in the next year.