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

NYSE:BTCM - New York Stock Exchange, Inc. - US0554742090 - ADR - Currency: USD

1.86  +0.07 (+3.91%)

After market: 1.87 +0.01 (+0.54%)

Fundamental Rating

3

BTCM gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 281 industry peers in the Software industry. While BTCM seems to be doing ok healthwise, 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

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3

1. Profitability

1.1 Basic Checks

BTCM had positive earnings in the past year.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M

1.2 Ratios

With an excellent Return On Assets value of 14.62%, BTCM belongs to the best of the industry, outperforming 89.68% of the companies in the same industry.
Looking at the Return On Equity, with a value of 21.22%, BTCM belongs to the top of the industry, outperforming 86.12% of the companies in the same industry.
Industry RankSector Rank
ROA 14.62%
ROE 21.22%
ROIC N/A
ROA(3y)-71.17%
ROA(5y)-55.93%
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

BTCM has a Profit Margin of 36.67%. This is amongst the best in the industry. BTCM outperforms 96.09% of its industry peers.
Looking at the Gross Margin, with a value of 9.06%, BTCM is doing worse than 86.48% of the companies in the same industry.
BTCM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 36.67%
GM 9.06%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y179.78%
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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6

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.
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.
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 -8.57, we must say that BTCM is in the distress zone and has some risk of bankruptcy.
BTCM's Altman-Z score of -8.57 is on the low side compared to the rest of the industry. BTCM is outperformed by 87.54% 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 -8.57
ROIC/WACCN/A
WACC10.44%
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 2.14. This indicates that BTCM is financially healthy and has no problem in meeting its short term obligations.
BTCM's Current ratio of 2.14 is fine compared to the rest of the industry. BTCM outperforms 62.99% of its industry peers.
A Quick Ratio of 2.14 indicates that BTCM has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.14, BTCM is doing good in the industry, outperforming 63.70% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.14
Quick Ratio 2.14
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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1

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%.
BTCM shows a strong growth in Revenue. In the last year, the Revenue has grown by 122.99%.
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

Based on estimates for the next years, BTCM will show a very negative growth in Earnings Per Share. The EPS will decrease by -72.80% on average per year.
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

BTCM Yearly Revenue VS EstimatesBTCM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BTCM Yearly EPS VS EstimatesBTCM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2022 2023 2024 0 5 10

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 0.17, the valuation of BTCM can be described as very cheap.
Based on the Price/Earnings ratio, BTCM is valued cheaper than 99.64% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.85. BTCM is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 18.70, the valuation of BTCM can be described as rather expensive.
Based on the Price/Forward Earnings ratio, BTCM is valued a bit cheaper than 78.65% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.77. BTCM is around the same levels.
Industry RankSector Rank
PE 0.17
Fwd PE 18.7
BTCM Price Earnings VS Forward Price EarningsBTCM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BTCM Per share dataBTCM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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%

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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 (5/1/2025, 8:48:06 PM)

After market: 1.87 +0.01 (+0.54%)

1.86

+0.07 (+3.91%)

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 Owners3.38%
Inst Owner Change-0.02%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap28.33M
Analysts43.33
Price TargetN/A
Short Float %64.57%
Short Ratio2.05
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)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)100%
EPS NY rev (3m)100%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.36%
Revenue NY rev (3m)-46.68%
Valuation
Industry RankSector Rank
PE 0.17
Fwd PE 18.7
P/S 0.86
P/FCF N/A
P/OCF N/A
P/B 0.5
P/tB 0.58
EV/EBITDA N/A
EPS(TTM)11.1
EY596.77%
EPS(NY)0.1
Fwd EY5.35%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.16
BVpS3.73
TBVpS3.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 14.62%
ROE 21.22%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 36.67%
GM 9.06%
FCFM N/A
ROA(3y)-71.17%
ROA(5y)-55.93%
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 3Y179.78%
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.14
Quick Ratio 2.14
Altman-Z -8.57
F-ScoreN/A
WACC10.44%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
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 1Y73.82%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A