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BITCOIN DEPOT INC (BTM) Stock Fundamental Analysis

NASDAQ:BTM - US09174P1057 - Common Stock

3.62 USD
-0.21 (-5.48%)
Last: 8/29/2025, 8:09:12 PM
3.63 USD
+0.01 (+0.28%)
After Hours: 8/29/2025, 8:09:12 PM
Fundamental Rating

5

BTM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 84 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make BTM a good candidate for value investing.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year BTM was profitable.
In the past year BTM had a positive cash flow from operations.
In multiple years BTM reported negative net income over the last 5 years.
In the past 5 years BTM always reported a positive cash flow from operatings.
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

With a decent Return On Assets value of 2.45%, BTM is doing good in the industry, outperforming 61.90% of the companies in the same industry.
With an excellent Return On Equity value of 124.12%, BTM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
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.
BTM had an Average Return On Invested Capital over the past 3 years of 74.55%. This is significantly above the industry average of 10.78%.
Industry RankSector 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
BTM Yearly ROA, ROE, ROICBTM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

The Profit Margin of BTM (0.44%) is comparable to the rest of the industry.
BTM has a better Operating Margin (8.88%) than 64.29% of its industry peers.
In the last couple of years the Operating Margin of BTM has grown nicely.
BTM has a Gross Margin of 19.44%. This is in the lower half of the industry: BTM underperforms 75.00% of its industry peers.
BTM's Gross Margin has improved in the last couple of years.
Industry RankSector 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
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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5

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.
BTM has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, BTM has a worse debt to assets ratio.
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 8.45. This indicates that BTM is financially healthy and has little risk of bankruptcy at the moment.
BTM's Altman-Z score of 8.45 is amongst the best of the industry. BTM outperforms 89.29% of its industry peers.
BTM has a debt to FCF ratio of 2.40. This is a good value and a sign of high solvency as BTM would need 2.40 years to pay back of all of its debts.
BTM has a better Debt to FCF ratio (2.40) than 78.57% of its industry peers.
A Debt/Equity ratio of 26.87 is on the high side and indicates that BTM has dependencies on debt financing.
With a Debt to Equity ratio value of 26.87, BTM is not doing good in the industry: 86.90% of the companies in the same industry are doing better.
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 26.87
Debt/FCF 2.4
Altman-Z 8.45
ROIC/WACC6.91
WACC10.63%
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 1.41 indicates that BTM should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.41, BTM is doing worse than 60.71% 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.
BTM has a Quick ratio of 1.41. This is comparable to the rest of the industry: BTM outperforms 52.38% of its industry peers.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.41
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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5

3. Growth

3.1 Past

BTM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 109.01%, which is quite impressive.
Looking at the last year, BTM shows a decrease in Revenue. The Revenue has decreased by -3.35% in the last year.
BTM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.48% yearly.
EPS 1Y (TTM)109.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%500%
Revenue 1Y (TTM)-3.35%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%5.54%

3.2 Future

BTM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 66.10% yearly.
The Revenue is expected to grow by 8.23% on average over the next years. This is quite good.
EPS Next Y176.21%
EPS Next 2Y66.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.52%
Revenue Next 2Y8.23%
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.
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 -0.4

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7

4. Valuation

4.1 Price/Earnings Ratio

BTM is valuated quite expensively with a Price/Earnings ratio of 36.20.
BTM's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.08, BTM is valued a bit more expensive.
With a Price/Forward Earnings ratio of 8.67, the valuation of BTM can be described as very reasonable.
BTM's Price/Forward Earnings ratio is rather cheap when compared to the industry. BTM is cheaper than 91.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.72. BTM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 36.2
Fwd PE 8.67
BTM Price Earnings VS Forward Price EarningsBTM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 94.05% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BTM is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.49
EV/EBITDA 4.56
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

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of BTM may justify a higher PE ratio.
BTM's earnings are expected to grow with 66.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)N/A
EPS Next 2Y66.1%
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 (8/29/2025, 8:09:12 PM)

After market: 3.63 +0.01 (+0.28%)

3.62

-0.21 (-5.48%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)08-12 2025-08-12/bmo
Earnings (Next)11-17 2025-11-17/bmo
Inst Owners34.35%
Inst Owner Change8.17%
Ins Owners2.65%
Ins Owner Change98.02%
Market Cap246.45M
Analysts80
Price Target7.52 (107.73%)
Short Float %14.1%
Short Ratio1.97
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)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)5.36%
PT rev (3m)85.15%
EPS NQ rev (1m)5.75%
EPS NQ rev (3m)35.29%
EPS NY rev (1m)-9.29%
EPS NY rev (3m)12.16%
Revenue NQ rev (1m)-2.92%
Revenue NQ rev (3m)-5.96%
Revenue NY rev (1m)-0.73%
Revenue NY rev (3m)2.14%
Valuation
Industry RankSector Rank
PE 36.2
Fwd PE 8.67
P/S 0.41
P/FCF 8.49
P/OCF 6.58
P/B 114.31
P/tB N/A
EV/EBITDA 4.56
EPS(TTM)0.1
EY2.76%
EPS(NY)0.42
Fwd EY11.53%
FCF(TTM)0.43
FCFY11.77%
OCF(TTM)0.55
OCFY15.2%
SpS8.94
BVpS0.03
TBVpS-0.12
PEG (NY)0.21
PEG (5Y)N/A
Profitability
Industry RankSector 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
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 Turnover5.58
Health
Industry RankSector 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 8.45
F-Score6
WACC10.63%
ROIC/WACC6.91
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)109.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%500%
EPS Next Y176.21%
EPS Next 2Y66.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.35%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%5.54%
Revenue Next Year9.52%
Revenue Next 2Y8.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y101.76%
EBIT growth 3Y7.61%
EBIT growth 5YN/A
EBIT Next Year224.57%
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