BITCOIN DEPOT INC (BTM) Stock Fundamental Analysis
USA - NASDAQ:BTM - US09174P1057 - Common Stock
2.04 USD
-0.03 (-1.45%)
2.0675 USD
+0.03 (+1.35%)
BTM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 82 industry peers in the Commercial Services & Supplies industry. Both the profitability and the financial health of BTM get a neutral evaluation. Nothing too spectacular is happening here. BTM may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make BTM suitable for value investing!
1. Profitability
1.1 Basic Checks
BTM had positive earnings in the past year.
BTM had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BTM reported negative net income in multiple years.
Each year in the past 5 years BTM had a positive operating cash flow.
1.2 Ratios
BTM has a Return On Assets (2.45%) which is comparable to the rest of the industry.
The Return On Equity of BTM (124.12%) is better than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 73.42%, BTM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTM is significantly above the industry average of 10.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 124.12% | ||
| ROIC | 73.42% |
ROA(3y)-15.14%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)74.55%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 0.44%, BTM is in line with its industry, outperforming 46.34% of the companies in the same industry.
Looking at the Operating Margin, with a value of 8.88%, BTM is in the better half of the industry, outperforming 67.07% of the companies in the same industry.
In the last couple of years the Operating Margin of BTM has grown nicely.
BTM's Gross Margin of 19.44% is on the low side compared to the rest of the industry. BTM is outperformed by 78.05% of its industry peers.
In the last couple of years the Gross Margin of BTM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.88% | ||
| PM (TTM) | 0.44% | ||
| GM | 19.44% |
OM growth 3Y6.04%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.73%
GM growth 5YN/A
2. Health
2.1 Basic Checks
BTM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for BTM has been increased compared to 1 year ago.
The debt/assets ratio for BTM is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 7.83 indicates that BTM is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 7.83, BTM belongs to the best of the industry, outperforming 91.46% of the companies in the same industry.
The Debt to FCF ratio of BTM is 2.40, which is a good value as it means it would take BTM, 2.40 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BTM (2.40) is better than 75.61% of its industry peers.
BTM has a Debt/Equity ratio of 26.87. This is a high value indicating a heavy dependency on external financing.
BTM has a worse Debt to Equity ratio (26.87) than 87.80% of its industry peers.
Although BTM does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 26.87 | ||
| Debt/FCF | 2.4 | ||
| Altman-Z | 7.83 |
ROIC/WACC6.46
WACC11.36%
2.3 Liquidity
BTM has a Current Ratio of 1.41. This is a normal value and indicates that BTM is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.41, BTM perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
A Quick Ratio of 1.41 indicates that BTM should not have too much problems paying its short term obligations.
The Quick ratio of BTM (1.41) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 131.51% over the past year.
The Revenue for BTM has decreased by -16.73% in the past year. This is quite bad
The Revenue has been growing slightly by 1.48% on average over the past years.
EPS 1Y (TTM)131.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260%
Revenue 1Y (TTM)-16.73%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.11%
3.2 Future
Based on estimates for the next years, BTM will show a very strong growth in Earnings Per Share. The EPS will grow by 67.75% on average per year.
BTM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.71% yearly.
EPS Next Y160.6%
EPS Next 2Y67.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.55%
Revenue Next 2Y8.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.87, the valuation of BTM can be described as reasonable.
BTM's Price/Earnings ratio is rather cheap when compared to the industry. BTM is cheaper than 87.80% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.89. BTM is valued rather cheaply when compared to this.
BTM is valuated cheaply with a Price/Forward Earnings ratio of 4.56.
Based on the Price/Forward Earnings ratio, BTM is valued cheaply inside the industry as 98.78% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, BTM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.87 | ||
| Fwd PE | 4.56 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTM indicates a rather cheap valuation: BTM is cheaper than 96.34% of the companies listed in the same industry.
93.90% of the companies in the same industry are more expensive than BTM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.09 | ||
| EV/EBITDA | 2.77 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BTM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as BTM's earnings are expected to grow with 67.75% in the coming years.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y67.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BTM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
2.04
-0.03 (-1.45%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners32.4%
Inst Owner Change0.99%
Ins Owners2.82%
Ins Owner Change3663.57%
Market Cap147.59M
Revenue(TTM)573.70M
Net Income(TTM)2.68M
Analysts80
Price Target7.65 (275%)
Short Float %6.53%
Short Ratio1.28
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)1
Avg EPS beat(2)53.63%
Min EPS beat(2)-6.81%
Max EPS beat(2)114.08%
EPS beat(4)1
Avg EPS beat(4)-552.76%
Min EPS beat(4)-1386.64%
Max EPS beat(4)114.08%
EPS beat(8)1
Avg EPS beat(8)-544.73%
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)2
Avg Revenue beat(2)3.63%
Min Revenue beat(2)0.06%
Max Revenue beat(2)7.2%
Revenue beat(4)3
Avg Revenue beat(4)2.42%
Min Revenue beat(4)-0.62%
Max Revenue beat(4)7.2%
Revenue beat(8)5
Avg Revenue beat(8)1.07%
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)1.69%
PT rev (3m)7.14%
EPS NQ rev (1m)21.06%
EPS NQ rev (3m)5.75%
EPS NY rev (1m)-21.43%
EPS NY rev (3m)-27.87%
Revenue NQ rev (1m)2.28%
Revenue NQ rev (3m)-0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.87 | ||
| Fwd PE | 4.56 | ||
| P/S | 0.24 | ||
| P/FCF | 5.09 | ||
| P/OCF | 3.94 | ||
| P/B | 68.46 | ||
| P/tB | N/A | ||
| EV/EBITDA | 2.77 |
EPS(TTM)0.23
EY11.27%
EPS(NY)0.45
Fwd EY21.95%
FCF(TTM)0.4
FCFY19.66%
OCF(TTM)0.52
OCFY25.39%
SpS8.41
BVpS0.03
TBVpS-0.11
PEG (NY)0.06
PEG (5Y)N/A
Graham Number0.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 124.12% | ||
| ROCE | 83.77% | ||
| ROIC | 73.42% | ||
| ROICexc | 287.53% | ||
| ROICexgc | 765.51% | ||
| OM | 8.88% | ||
| PM (TTM) | 0.44% | ||
| GM | 19.44% | ||
| FCFM | 4.77% |
ROA(3y)-15.14%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)74.55%
ROIC(5y)N/A
ROICexc(3y)871.35%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)85.05%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y59.71%
ROICexc growth 5YN/A
OM growth 3Y6.04%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.73%
GM growth 5YN/A
F-Score6
Asset Turnover5.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 26.87 | ||
| Debt/FCF | 2.4 | ||
| Debt/EBITDA | 0.94 | ||
| Cap/Depr | 107.05% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 4.52 | ||
| Cash Conversion | 60.5% | ||
| Profit Quality | 1084.3% | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | 7.83 |
F-Score6
WACC11.36%
ROIC/WACC6.46
Cap/Depr(3y)37.6%
Cap/Depr(5y)47.02%
Cap/Sales(3y)0.68%
Cap/Sales(5y)0.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)131.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260%
EPS Next Y160.6%
EPS Next 2Y67.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.73%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.11%
Revenue Next Year10.55%
Revenue Next 2Y8.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y101.76%
EBIT growth 3Y7.61%
EBIT growth 5YN/A
EBIT Next Year224.76%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-37.33%
FCF growth 3Y-8.41%
FCF growth 5YN/A
OCF growth 1Y-19.81%
OCF growth 3Y-1.07%
OCF growth 5YN/A
BITCOIN DEPOT INC / BTM FAQ
Can you provide the ChartMill fundamental rating for BITCOIN DEPOT INC?
ChartMill assigns a fundamental rating of 6 / 10 to BTM.
Can you provide the valuation status for BITCOIN DEPOT INC?
ChartMill assigns a valuation rating of 9 / 10 to BITCOIN DEPOT INC (BTM). This can be considered as Undervalued.
What is the profitability of BTM stock?
BITCOIN DEPOT INC (BTM) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for BTM stock?
The Price/Earnings (PE) ratio for BITCOIN DEPOT INC (BTM) is 8.87 and the Price/Book (PB) ratio is 68.46.
How financially healthy is BITCOIN DEPOT INC?
The financial health rating of BITCOIN DEPOT INC (BTM) is 5 / 10.