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
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BTCM. BTCM was compared to 278 industry peers in the Software industry. The financial health of BTCM is average, but there are quite some concerns on its profitability. BTCM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year BTCM has reported negative net income.
  • In the past 5 years BTCM reported 4 times negative net income.
  • BTCM had a negative operating cash flow in each of the past 5 years.
BTCM Yearly Net Income VS EBIT VS OCF VS FCFBTCM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M

1.2 Ratios

  • The Return On Assets of BTCM (17.47%) is better than 92.31% of its industry peers.
  • BTCM's Return On Equity of 27.54% is amongst the best of the industry. BTCM outperforms 90.21% of its industry peers.
Industry RankSector 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
BTCM Yearly ROA, ROE, ROICBTCM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

1.3 Margins

  • BTCM has a Profit Margin of 36.67%. This is amongst the best in the industry. BTCM outperforms 93.01% of its industry peers.
  • Looking at the Gross Margin, with a value of 9.07%, BTCM is doing worse than 83.57% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BTCM has grown nicely.
Industry RankSector 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
BTCM Yearly Profit, Operating, Gross MarginsBTCM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K

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4

2. Health

2.1 Basic Checks

  • BTCM does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for BTCM has been increased compared to 1 year ago.
  • Compared to 5 years ago, BTCM has more shares outstanding
  • 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.
BTCM Yearly Shares OutstandingBTCM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
BTCM Yearly Total Debt VS Total AssetsBTCM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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.
  • BTCM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -10.34
ROIC/WACCN/A
WACC11.03%
BTCM Yearly LT Debt VS Equity VS FCFBTCM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

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.
  • With a Current ratio value of 0.99, BTCM is not doing good in the industry: 73.08% of the companies in the same industry are doing better.
  • BTCM has a Quick 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 Quick ratio of 0.99. This is in the lower half of the industry: BTCM underperforms 72.03% of its industry peers.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.99
BTCM Yearly Current Assets VS Current LiabilitesBTCM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 74.35% over the past year.
  • The Revenue for BTCM has decreased by -23.62% in the past year. This is quite bad
  • Measured over the past years, BTCM shows a very strong growth in Revenue. The Revenue has been growing by 44.64% on average per year.
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.
  • BTCM is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -17.16% yearly.
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.
BTCM Yearly Revenue VS EstimatesBTCM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
BTCM Yearly EPS VS EstimatesBTCM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2022 2023 2024 2026 0 -1 -2 -3 -4

More info and screens

1

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 RankSector Rank
PE N/A
Fwd PE N/A
BTCM Price Earnings VS Forward Price EarningsBTCM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100

4.2 Price Multiples

  • 91.61% of the companies in the same industry are more expensive than BTCM, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.11
BTCM Per share dataBTCM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5 2

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

More info and screens

0

5. Dividend

5.1 Amount

  • BTCM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BIT MINING LTD - SPON ADR

NYSE:BTCM (10/17/2025, 8:04:01 PM)

After market: 2.7404 +0.01 (+0.38%)

2.73

-0.11 (-3.87%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-28
Earnings (Next)N/A
Inst Owners3.33%
Inst Owner Change10.67%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap48.70M
Revenue(TTM)32.92M
Net Income(TTM)12.07M
Analysts43.33
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.48
P/FCF N/A
P/OCF N/A
P/B 1.11
P/tB 1.39
EV/EBITDA 9.11
EPS(TTM)-0.53
EYN/A
EPS(NY)-0.02
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.85
BVpS2.46
TBVpS1.96
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 17.47%
ROE 27.54%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 36.67%
GM 9.07%
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y179.81%
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.99
Quick Ratio 0.99
Altman-Z -10.34
F-ScoreN/A
WACC11.03%
ROIC/WACCN/A
Cap/Depr(3y)20.6%
Cap/Depr(5y)69.66%
Cap/Sales(3y)3%
Cap/Sales(5y)4.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)74.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y-100%
EPS Next 2Y-100%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-23.62%
Revenue growth 3Y-70.85%
Revenue growth 5Y44.64%
Sales Q2Q%-43.11%
Revenue Next Year3.36%
Revenue Next 2Y-17.16%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y73.23%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-13.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.24%
OCF growth 3YN/A
OCF growth 5YN/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.