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BTC DIGITAL LTD (METX) Stock Fundamental Analysis

NASDAQ:METX - Nasdaq - KYG6055H1552 - Common Stock - Currency: USD

2.03  +0.17 (+9.14%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to METX. METX was compared to 72 industry peers in the Diversified Consumer Services industry. METX has a medium profitability rating, but doesn't score so well on its financial health evaluation. METX does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

METX had positive earnings in the past year.
In the past year METX has reported a negative cash flow from operations.
METX had negative earnings in 4 of the past 5 years.
METX had a negative operating cash flow in each of the past 5 years.
METX Yearly Net Income VS EBIT VS OCF VS FCFMETX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 -100M -200M -300M -400M -500M

1.2 Ratios

The Return On Assets of METX (25.33%) is better than 97.01% of its industry peers.
The Return On Equity of METX (39.87%) is better than 95.52% of its industry peers.
With a decent Return On Invested Capital value of 4.11%, METX is doing good in the industry, outperforming 67.16% of the companies in the same industry.
Industry RankSector Rank
ROA 25.33%
ROE 39.87%
ROIC 4.11%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
METX Yearly ROA, ROE, ROICMETX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 0 -500 -1K -1.5K

1.3 Margins

METX has a Profit Margin of 64.97%. This is amongst the best in the industry. METX outperforms 100.00% of its industry peers.
METX's Operating Margin of 8.85% is fine compared to the rest of the industry. METX outperforms 70.15% of its industry peers.
METX has a worse Gross Margin (14.94%) than 86.57% of its industry peers.
Industry RankSector Rank
OM 8.85%
PM (TTM) 64.97%
GM 14.94%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
METX Yearly Profit, Operating, Gross MarginsMETX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 0 20 -20 40 -40 60

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3

2. Health

2.1 Basic Checks

METX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
METX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
METX Yearly Shares OutstandingMETX Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 10M 20M 30M 40M 50M
METX Yearly Total Debt VS Total AssetsMETX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of -5.42, we must say that METX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of METX (-5.42) is worse than 86.57% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that METX is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.05, METX is doing good in the industry, outperforming 61.19% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z -5.42
ROIC/WACC0.84
WACC4.88%
METX Yearly LT Debt VS Equity VS FCFMETX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 200M -200M 400M -400M

2.3 Liquidity

A Current Ratio of 1.27 indicates that METX should not have too much problems paying its short term obligations.
METX's Current ratio of 1.27 is in line compared to the rest of the industry. METX outperforms 49.25% of its industry peers.
A Quick Ratio of 1.27 indicates that METX should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.27, METX perfoms like the industry average, outperforming 52.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.27
METX Yearly Current Assets VS Current LiabilitesMETX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 200M 400M 600M 800M 1B

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1

3. Growth

3.1 Past

METX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 111.48%, which is quite impressive.
EPS 1Y (TTM)111.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%111.48%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
METX Yearly Revenue VS EstimatesMETX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 200M 400M 600M 800M
METX Yearly EPS VS EstimatesMETX Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 -50 -100 -150 -200 -250

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3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 3.83, the valuation of METX can be described as very cheap.
95.52% of the companies in the same industry are more expensive than METX, based on the Price/Earnings ratio.
METX is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.83
Fwd PE N/A
METX Price Earnings VS Forward Price EarningsMETX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

73.13% of the companies in the same industry are more expensive than METX, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.59
METX Per share dataMETX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 -1 -1.5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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BTC DIGITAL LTD

NASDAQ:METX (9/28/2023, 8:00:13 PM)

2.03

+0.17 (+9.14%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)10-02 2023-10-02
Earnings (Next)N/A N/A
Inst Owners0%
Inst Owner Change-99.96%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap42.39M
Analysts82.86
Price Target91.8 (4422.17%)
Short Float %N/A
Short RatioN/A
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)1
Avg Revenue beat(2)304.04%
Min Revenue beat(2)304.04%
Max Revenue beat(2)304.04%
Revenue beat(4)2
Avg Revenue beat(4)641.74%
Min Revenue beat(4)304.04%
Max Revenue beat(4)979.45%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 3.83
Fwd PE N/A
P/S 3.79
P/FCF N/A
P/OCF N/A
P/B 2.33
P/tB 2.33
EV/EBITDA 8.59
EPS(TTM)0.53
EY26.11%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-1.81
FCFYN/A
OCF(TTM)-1.4
OCFYN/A
SpS0.53
BVpS0.87
TBVpS0.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 25.33%
ROE 39.87%
ROCE 5.43%
ROIC 4.11%
ROICexc 4.12%
ROICexgc 4.12%
OM 8.85%
PM (TTM) 64.97%
GM 14.94%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Debt/EBITDA 0.17
Cap/Depr 212.53%
Cap/Sales 75.02%
Interest Coverage 44.86
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.27
Quick Ratio 1.27
Altman-Z -5.42
F-Score4
WACC4.88%
ROIC/WACC0.84
Cap/Depr(3y)150.4%
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)111.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%111.48%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y206.82%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y48.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y53.38%
OCF growth 3YN/A
OCF growth 5YN/A