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BIT MINING LTD - SPON ADR (BTCM) Stock Fundamental Analysis

USA - NYSE:BTCM - US0554742090 - ADR

2.73 USD
-0.11 (-3.87%)
Last: 10/17/2025, 8:04:01 PM
2.7404 USD
+0.01 (+0.38%)
After Hours: 10/17/2025, 8:04:01 PM
Fundamental Rating

3

BTCM gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 284 industry peers in the Software industry. BTCM scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BTCM is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year BTCM has reported negative net income.
BTCM had negative earnings in 4 of the past 5 years.
In the past 5 years BTCM always reported negative operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M

1.2 Ratios

BTCM has a better Return On Assets (17.47%) 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

1.3 Margins

With an excellent Profit Margin value of 36.67%, BTCM belongs to the best of the industry, outperforming 93.01% 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 83.57% of its industry peers.
BTCM's Gross Margin has improved in the last couple of years.
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 2015 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.
BTCM has more shares outstanding than it did 1 year ago.
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.
BTCM Yearly Shares OutstandingBTCM Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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 has a worse Altman-Z score (-10.34) than 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 2015 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.
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.
BTCM has a worse Quick ratio (0.99) than 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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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.
Looking at the last year, BTCM shows a very negative growth in Revenue. The Revenue has decreased by -23.62% in the last year.
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.
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 2014 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 2014 2015 2016 2017 2022 2023 2024 2026 0 5 10

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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

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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 2025-02-28/amc
Earnings (Next)N/A N/A
Inst Owners3.33%
Inst Owner Change0.05%
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 %114.09%
Short Ratio0.29
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.


Can you provide the valuation status for BIT MINING LTD - SPON ADR?

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.


What is the earnings growth outlook for BIT MINING LTD - SPON ADR?

The Earnings per Share (EPS) of BIT MINING LTD - SPON ADR (BTCM) is expected to decline by -100% in the next year.