BTCM Fundamental Analysis - BIT MINING LTD - SPON ADR

Fundamental Rating

We assign a fundamental rating of 3 out of 10 to BTCM. BTCM was compared to 280 industry peers in the Software industry. While BTCM seems to be doing ok healthwise, there are quite some concerns on its profitability. BTCM has a valuation in line with the averages, but it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

BTCM had positive earnings in the past year.

In the past year BTCM has reported a negative cash flow from operations.

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

Looking at the Return On Assets, with a value of 13.98%, BTCM belongs to the top of the industry, outperforming 91.10% of the companies in the same industry.

The Return On Equity of BTCM (21.22%) is better than 87.19% of its industry peers.

		Industry Rank	Sector Rank
ROA	13.98%
ROE	21.22%
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

Looking at the Profit Margin, with a value of 36.67%, BTCM belongs to the top of the industry, outperforming 93.24% of the companies in the same industry.

BTCM's Gross Margin of 9.07% is on the low side compared to the rest of the industry. BTCM is outperformed by 84.70% of its industry peers.

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

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ROA

ROE

ROIC

Operating and Profit Margin

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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

BTCM has more shares outstanding than it did 5 years ago.

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

BTCM has an Altman-Z score of -7.91. This is a bad value and indicates that BTCM is not financially healthy and even has some risk of bankruptcy.

Looking at the Altman-Z score, with a value of -7.91, BTCM is doing worse than 87.19% of the companies in the same industry.

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	-7.91

ROIC/WACCN/A

WACC11.12%

2.3 Liquidity

BTCM has a Current Ratio of 1.70. This is a normal value and indicates that BTCM is financially healthy and should not expect problems in meeting its short term obligations.

BTCM has a Current ratio (1.70) which is in line with its industry peers.

BTCM has a Quick Ratio of 1.70. This is a normal value and indicates that BTCM is financially healthy and should not expect problems in meeting its short term obligations.

Looking at the Quick ratio, with a value of 1.70, BTCM is in line with its industry, outperforming 54.09% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	1.7
Quick Ratio	1.7

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

BTCM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.52%.

The Revenue has grown by 122.99% in the past year. This is a very strong growth!

EPS 1Y (TTM)-26.52%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-100%

Revenue 1Y (TTM)122.99%

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-15.51%

3.2 Future

The Earnings Per Share is expected to decrease by -72.80% on average over the next years. This is quite bad

The Revenue is expected to decrease by -37.14% on average over the next years. This is quite bad

EPS Next Y-137.09%

EPS Next 2Y-90.53%

EPS Next 3Y-72.8%

EPS Next 5YN/A

Revenue Next Year-83.22%

Revenue Next 2Y-55.04%

Revenue Next 3Y-37.14%

Revenue Next 5YN/A

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 0.24 indicates a rather cheap valuation of BTCM.

Based on the Price/Earnings ratio, BTCM is valued cheaper than 99.64% of the companies in the same industry.

BTCM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.06.

A Price/Forward Earnings ratio of 26.25 indicates a quite expensive valuation of BTCM.

Based on the Price/Forward Earnings ratio, BTCM is valued a bit cheaper than the industry average as 67.97% of the companies are valued more expensively.

When comparing the Price/Forward Earnings ratio of BTCM to the average of the S&P500 Index (22.69), we can say BTCM is valued inline with the index average.

		Industry Rank	Sector Rank
PE	0.24
Fwd PE	26.25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, BTCM is valued cheaper than 91.81% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	8.09

4.3 Compensation for Growth

A cheap valuation may be justified as BTCM's earnings are expected to decrease with -72.80% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y-90.53%

EPS Next 3Y-72.8%

More info and screens

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5. Dividend

5.1 Amount

No dividends for BTCM!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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BIT MINING LTD - SPON ADR

NYSE:BTCM (9/5/2025, 8:04:01 PM)

After market: 2.64 +0.03 (+1.15%)

2.61

+0.03 (+1.16%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSoftware & Services

GICS IndustrySoftware

Earnings (Last)02-28 2025-02-28/amc

Earnings (Next)N/A N/A

Inst Owners3.2%

Inst Owner Change6.68%

Ins OwnersN/A

Ins Owner ChangeN/A

Market Cap46.56M

Analysts43.33

Price TargetN/A

Short Float %329.86%

Short Ratio0.13

Dividend

		Industry Rank	Sector 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)0

Avg Revenue beat(2)-59.1%

Min Revenue beat(2)-70.77%

Max Revenue beat(2)-47.44%

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 Rank	Sector Rank
PE	0.24
Fwd PE	26.25
P/S	1.41
P/FCF	N/A
P/OCF	N/A
P/B	0.82
P/tB	1.02
EV/EBITDA	8.09

EPS(TTM)11.1

EY425.29%

EPS(NY)0.1

Fwd EY3.81%

FCF(TTM)-1.9

FCFYN/A

OCF(TTM)-1.84

OCFYN/A

SpS1.85

BVpS3.19

TBVpS2.57

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	13.98%
ROE	21.22%
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

ROICexcg growth 3YN/A

ROICexcg 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-Score5

Asset Turnover0.38

Health

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Debt/EBITDA	0
Cap/Depr	8.89%
Cap/Sales	3.57%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	1.7
Quick Ratio	1.7
Altman-Z	-7.91

F-Score5

WACC11.12%

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)-26.52%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-100%

EPS Next Y-137.09%

EPS Next 2Y-90.53%

EPS Next 3Y-72.8%

EPS Next 5YN/A

Revenue 1Y (TTM)122.99%

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-15.51%

Revenue Next Year-83.22%

Revenue Next 2Y-55.04%

Revenue Next 3Y-37.14%

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) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens