BITCOIN DEPOT INC (BTM) Fundamental Analysis & Valuation

NASDAQ:BTM • US09174P1057

4.91 USD
-0.42 (-7.88%)
At close: Mar 6, 2026
4.97 USD
+0.06 (+1.22%)
After Hours: 3/6/2026, 8:03:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BTM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to BTM. BTM was compared to 82 industry peers in the Commercial Services & Supplies industry. While BTM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BTM. These ratings could make BTM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

7

1. BTM Profitability Analysis

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.
  • BTM had a positive operating cash flow in each of the past 5 years.
BTM Yearly Net Income VS EBIT VS OCF VS FCFBTM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

  • BTM's Return On Assets of 7.31% is fine compared to the rest of the industry. BTM outperforms 79.01% of its industry peers.
  • BTM has a better Return On Equity (49.42%) than 98.77% of its industry peers.
  • BTM has a Return On Invested Capital of 60.99%. This is amongst the best in the industry. BTM outperforms 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BTM is significantly above the industry average of 10.53%.
  • The 3 year average ROIC (74.55%) for BTM is well above the current ROIC(60.99%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 7.31%
ROE 49.42%
ROIC 60.99%
ROA(3y)-15.14%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)74.55%
ROIC(5y)N/A
BTM Yearly ROA, ROE, ROICBTM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

  • BTM has a Profit Margin (1.44%) which is in line with its industry peers.
  • BTM has a better Operating Margin (9.10%) than 66.67% of its industry peers.
  • BTM's Operating Margin has improved in the last couple of years.
  • BTM's Gross Margin of 19.43% is on the low side compared to the rest of the industry. BTM is outperformed by 77.78% of its industry peers.
  • In the last couple of years the Gross Margin of BTM has grown nicely.
Industry RankSector Rank
OM 9.1%
PM (TTM) 1.44%
GM 19.43%
OM growth 3Y6.04%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.73%
GM growth 5YN/A
BTM Yearly Profit, Operating, Gross MarginsBTM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 5 10 15

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. BTM Health Analysis

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.
  • BTM has more shares outstanding than it did 1 year ago.
  • BTM has a worse debt/assets ratio than last year.
BTM Yearly Shares OutstandingBTM Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 5M 10M 15M 20M
BTM Yearly Total Debt VS Total AssetsBTM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • BTM has an Altman-Z score of 8.84. This indicates that BTM is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 8.84, BTM belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
  • BTM has a debt to FCF ratio of 2.15. This is a good value and a sign of high solvency as BTM would need 2.15 years to pay back of all of its debts.
  • BTM has a Debt to FCF ratio of 2.15. This is in the better half of the industry: BTM outperforms 79.01% of its industry peers.
  • A Debt/Equity ratio of 3.25 is on the high side and indicates that BTM has dependencies on debt financing.
  • BTM's Debt to Equity ratio of 3.25 is on the low side compared to the rest of the industry. BTM is outperformed by 85.19% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for BTM, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 3.25
Debt/FCF 2.15
Altman-Z 8.84
ROIC/WACC6.09
WACC10.02%
BTM Yearly LT Debt VS Equity VS FCFBTM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M

2.3 Liquidity

  • A Current Ratio of 1.88 indicates that BTM should not have too much problems paying its short term obligations.
  • With a decent Current ratio value of 1.88, BTM is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • A Quick Ratio of 1.88 indicates that BTM should not have too much problems paying its short term obligations.
  • BTM's Quick ratio of 1.88 is fine compared to the rest of the industry. BTM outperforms 76.54% of its industry peers.
Industry RankSector Rank
Current Ratio 1.88
Quick Ratio 1.88
BTM Yearly Current Assets VS Current LiabilitesBTM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BTM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 328.77% over the past year.
  • BTM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.60%.
  • Measured over the past years, BTM shows a small growth in Revenue. The Revenue has been growing by 1.48% on average per year.
EPS 1Y (TTM)328.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1220%
Revenue 1Y (TTM)8.6%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.12%

3.2 Future

  • BTM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 47.15% yearly.
  • Based on estimates for the next years, BTM will show a decrease in Revenue. The Revenue will decrease by -1.12% on average per year.
EPS Next Y167.95%
EPS Next 2Y47.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.62%
Revenue Next 2Y-1.12%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BTM Yearly Revenue VS EstimatesBTM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
BTM Yearly EPS VS EstimatesBTM Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 0 2 -2

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Find the best growth stocksShow best growing peers

8

4. BTM Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 2.94, the valuation of BTM can be described as very cheap.
  • Based on the Price/Earnings ratio, BTM is valued cheaply inside the industry as 96.30% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, BTM is valued rather cheaply.
  • The Price/Forward Earnings ratio is 54.02, which means the current valuation is very expensive for BTM.
  • The rest of the industry has a similar Price/Forward Earnings ratio as BTM.
  • When comparing the Price/Forward Earnings ratio of BTM to the average of the S&P500 Index (24.57), we can say BTM is valued expensively.
Industry RankSector Rank
PE 2.94
Fwd PE 54.02
BTM Price Earnings VS Forward Price EarningsBTM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BTM is valued cheaper than 95.06% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BTM is valued cheaply inside the industry as 86.42% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.04
EV/EBITDA 6.14
BTM Per share dataBTM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

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 47.15% in the coming years.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y47.15%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BTM Dividend Analysis

5.1 Amount

  • BTM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BTM Fundamentals: All Metrics, Ratios and Statistics

BITCOIN DEPOT INC

NASDAQ:BTM (3/6/2026, 8:03:46 PM)

After market: 4.97 +0.06 (+1.22%)

4.91

-0.42 (-7.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-13
Earnings (Next)03-09
Inst Owners31.63%
Inst Owner Change33.33%
Ins Owners1.27%
Ins Owner Change18.95%
Market Cap51.46M
Revenue(TTM)635.64M
Net Income(TTM)9.16M
Analysts77.14
Price TargetN/A
Short Float %N/A
Short Ratio3.7
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0
Avg EPS beat(2)-11.72%
Min EPS beat(2)-16.62%
Max EPS beat(2)-6.81%
EPS beat(4)1
Avg EPS beat(4)-210.26%
Min EPS beat(4)-931.68%
Max EPS beat(4)114.08%
EPS beat(8)1
Avg EPS beat(8)-472.9%
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)3.38%
Min Revenue beat(2)0.06%
Max Revenue beat(2)6.7%
Revenue beat(4)4
Avg Revenue beat(4)4.25%
Min Revenue beat(4)0.06%
Max Revenue beat(4)7.2%
Revenue beat(8)6
Avg Revenue beat(8)2.41%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)-600%
EPS NQ rev (3m)-4566.9%
EPS NY rev (1m)0%
EPS NY rev (3m)12.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.65%
Valuation
Industry RankSector Rank
PE 2.94
Fwd PE 54.02
P/S 0.57
P/FCF 11.04
P/OCF 9.4
P/B 19.43
P/tB 41.72
EV/EBITDA 6.14
EPS(TTM)1.67
EY34.01%
EPS(NY)0.09
Fwd EY1.85%
FCF(TTM)0.44
FCFY9.05%
OCF(TTM)0.52
OCFY10.64%
SpS8.67
BVpS0.25
TBVpS0.12
PEG (NY)0.02
PEG (5Y)N/A
Graham Number3.08
Profitability
Industry RankSector Rank
ROA 7.31%
ROE 49.42%
ROCE 69.58%
ROIC 60.99%
ROICexc 212.37%
ROICexgc 362.89%
OM 9.1%
PM (TTM) 1.44%
GM 19.43%
FCFM 5.13%
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-Score7
Asset Turnover5.07
Health
Industry RankSector Rank
Debt/Equity 3.25
Debt/FCF 2.15
Debt/EBITDA 0.92
Cap/Depr 75.71%
Cap/Sales 0.9%
Interest Coverage 4.84
Cash Conversion 58.59%
Profit Quality 355.99%
Current Ratio 1.88
Quick Ratio 1.88
Altman-Z 8.84
F-Score7
WACC10.02%
ROIC/WACC6.09
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)328.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1220%
EPS Next Y167.95%
EPS Next 2Y47.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.6%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.12%
Revenue Next Year7.62%
Revenue Next 2Y-1.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y126.7%
EBIT growth 3Y7.61%
EBIT growth 5YN/A
EBIT Next Year201.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.61%
FCF growth 3Y-8.41%
FCF growth 5YN/A
OCF growth 1Y-10.52%
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.


What is the valuation status for BTM stock?

ChartMill assigns a valuation rating of 8 / 10 to BITCOIN DEPOT INC (BTM). This can be considered as Undervalued.


Can you provide the profitability details for BITCOIN DEPOT INC?

BITCOIN DEPOT INC (BTM) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for BTM stock?

The Price/Earnings (PE) ratio for BITCOIN DEPOT INC (BTM) is 2.94 and the Price/Book (PB) ratio is 19.43.


What is the financial health of BITCOIN DEPOT INC (BTM) stock?

The financial health rating of BITCOIN DEPOT INC (BTM) is 6 / 10.