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BITCOIN DEPOT INC (BTM) Stock Fundamental Analysis

NASDAQ:BTM - Nasdaq - US09174P1057 - Common Stock - Currency: USD

1.51  +0.02 (+1.34%)

After market: 1.51 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BTM. BTM was compared to 83 industry peers in the Commercial Services & Supplies industry. BTM has a medium profitability rating, but doesn't score so well on its financial health evaluation. BTM is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

BTM had negative earnings in the past year.
In the past year BTM had a positive cash flow from operations.
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.
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 has a worse Return On Assets (-14.59%) than 80.72% of its industry peers.
With an excellent Return On Invested Capital value of 73.04%, BTM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
BTM had an Average Return On Invested Capital over the past 3 years of 74.55%. This is significantly above the industry average of 10.57%.
Industry RankSector Rank
ROA -14.59%
ROE N/A
ROIC 73.04%
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 Operating Margin (5.73%) which is comparable to the rest of the industry.
BTM's Operating Margin has improved in the last couple of years.
BTM has a Gross Margin of 17.45%. This is in the lower half of the industry: BTM underperforms 78.31% of its industry peers.
In the last couple of years the Gross Margin of BTM has grown nicely.
Industry RankSector Rank
OM 5.73%
PM (TTM) N/A
GM 17.45%
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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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BTM is creating value.
Compared to 1 year ago, BTM has more shares outstanding
The debt/assets ratio for BTM is higher compared to a year ago.
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 8.21. This indicates that BTM is financially healthy and has little risk of bankruptcy at the moment.
BTM has a better Altman-Z score (8.21) than 92.77% of its industry peers.
The Debt to FCF ratio of BTM is 5.16, which is a neutral value as it means it would take BTM, 5.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.16, BTM is in the better half of the industry, outperforming 67.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 5.16
Altman-Z 8.21
ROIC/WACC5.86
WACC12.46%
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 0.85 indicates that BTM may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.85, BTM is doing worse than 80.72% of the companies in the same industry.
A Quick Ratio of 0.85 indicates that BTM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.85, BTM is doing worse than 75.90% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.85
Quick Ratio 0.85
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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3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.48% over the past year.
BTM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.73%.
The Revenue has been growing slightly by 1.48% on average over the past years.
EPS 1Y (TTM)6.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.15%
Revenue 1Y (TTM)-16.73%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%-7.8%

3.2 Future

BTM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 61.43% yearly.
Based on estimates for the next years, BTM will show a small growth in Revenue. The Revenue will grow by 3.57% on average per year.
EPS Next Y162.44%
EPS Next 2Y61.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.22%
Revenue Next 2Y3.57%
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 accelerating.
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 0.2 -0.2 -0.4

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7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BTM. In the last year negative earnings were reported.
BTM is valuated cheaply with a Price/Forward Earnings ratio of 4.40.
Based on the Price/Forward Earnings ratio, BTM is valued cheaper than 97.59% of the companies in the same industry.
BTM is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.81, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 4.4
BTM Price Earnings VS Forward Price EarningsBTM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

96.39% of the companies in the same industry are more expensive than BTM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTM indicates a rather cheap valuation: BTM is cheaper than 85.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.19
EV/EBITDA 2.98
BTM Per share dataBTM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

BTM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BTM's earnings are expected to grow with 61.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y61.43%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

BTM does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BITCOIN DEPOT INC

NASDAQ:BTM (5/2/2025, 8:00:02 PM)

After market: 1.51 0 (0%)

1.51

+0.02 (+1.34%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)03-18 2025-03-18/bmo
Earnings (Next)05-20 2025-05-20/bmo
Inst Owners32.85%
Inst Owner Change0.95%
Ins Owners3.31%
Ins Owner Change-48.64%
Market Cap96.55M
Analysts77.5
Price Target4.06 (168.87%)
Short Float %1.7%
Short Ratio1.1
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)0
Avg EPS beat(2)-1159.16%
Min EPS beat(2)-1386.64%
Max EPS beat(2)-931.68%
EPS beat(4)0
Avg EPS beat(4)-872.8%
Min EPS beat(4)-1386.64%
Max EPS beat(4)-280.81%
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)1
Avg Revenue beat(2)1.2%
Min Revenue beat(2)-0.62%
Max Revenue beat(2)3.02%
Revenue beat(4)3
Avg Revenue beat(4)3.59%
Min Revenue beat(4)-0.62%
Max Revenue beat(4)8.14%
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)-15.02%
PT rev (3m)-15.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)408.33%
EPS NY rev (1m)47.83%
EPS NY rev (3m)108.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)11.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.48%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 4.4
P/S 0.17
P/FCF 8.19
P/OCF 4.28
P/B N/A
P/tB N/A
EV/EBITDA 2.98
EPS(TTM)-0.55
EYN/A
EPS(NY)0.34
Fwd EY22.74%
FCF(TTM)0.18
FCFY12.22%
OCF(TTM)0.35
OCFY23.35%
SpS8.97
BVpS-0.37
TBVpS-0.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -14.59%
ROE N/A
ROCE 83.34%
ROIC 73.04%
ROICexc 288.24%
ROICexgc N/A
OM 5.73%
PM (TTM) N/A
GM 17.45%
FCFM 2.06%
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover7.16
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 5.16
Debt/EBITDA 1.2
Cap/Depr 106.73%
Cap/Sales 1.87%
Interest Coverage 3.31
Cash Conversion 52.47%
Profit Quality N/A
Current Ratio 0.85
Quick Ratio 0.85
Altman-Z 8.21
F-Score6
WACC12.46%
ROIC/WACC5.86
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)6.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%46.15%
EPS Next Y162.44%
EPS Next 2Y61.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.73%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%-7.8%
Revenue Next Year7.22%
Revenue Next 2Y3.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.96%
EBIT growth 3Y7.61%
EBIT growth 5YN/A
EBIT Next Year159.31%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-71.29%
FCF growth 3Y-8.41%
FCF growth 5YN/A
OCF growth 1Y-45.15%
OCF growth 3Y-1.07%
OCF growth 5YN/A