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BIT DIGITAL INC (BTBT) Stock Fundamental Analysis

NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD

2.54  +0.14 (+5.83%)

After market: 2.5198 -0.02 (-0.8%)

Fundamental Rating

5

Taking everything into account, BTBT scores 5 out of 10 in our fundamental rating. BTBT was compared to 281 industry peers in the Software industry. While BTBT has a great health rating, there are worries on its profitability. BTBT is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

BTBT had negative earnings in the past year.
BTBT had a positive operating cash flow in the past year.
In the past 5 years BTBT always reported negative net income.
In the past 5 years BTBT reported 4 times negative operating cash flow.
BTBT Yearly Net Income VS EBIT VS OCF VS FCFBTBT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -20M -40M -60M -80M -100M

1.2 Ratios

With a decent Return On Assets value of -0.72%, BTBT is doing good in the industry, outperforming 60.07% of the companies in the same industry.
BTBT has a Return On Equity of -0.85%. This is in the better half of the industry: BTBT outperforms 62.54% of its industry peers.
Industry RankSector Rank
ROA -0.72%
ROE -0.85%
ROIC N/A
ROA(3y)-37.6%
ROA(5y)-66.73%
ROE(3y)-42.28%
ROE(5y)-77.52%
ROIC(3y)N/A
ROIC(5y)N/A
BTBT Yearly ROA, ROE, ROICBTBT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150 -200 -250

1.3 Margins

With a Gross Margin value of 42.13%, BTBT is not doing good in the industry: 74.56% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of BTBT has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for BTBT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.13%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5YN/A
BTBT Yearly Profit, Operating, Gross MarginsBTBT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100 -200 -300

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8

2. Health

2.1 Basic Checks

BTBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BTBT has been increased compared to 1 year ago.
BTBT has more shares outstanding than it did 5 years ago.
There is no outstanding debt for BTBT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BTBT Yearly Shares OutstandingBTBT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
BTBT Yearly Total Debt VS Total AssetsBTBT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2.2 Solvency

BTBT has an Altman-Z score of 4.09. This indicates that BTBT is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.09, BTBT is in the better half of the industry, outperforming 62.90% of the companies in the same industry.
There is no outstanding debt for BTBT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 4.09
ROIC/WACCN/A
WACC12.77%
BTBT Yearly LT Debt VS Equity VS FCFBTBT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M 150M

2.3 Liquidity

A Current Ratio of 5.27 indicates that BTBT has no problem at all paying its short term obligations.
The Current ratio of BTBT (5.27) is better than 89.05% of its industry peers.
BTBT has a Quick Ratio of 5.27. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
BTBT has a better Quick ratio (5.27) than 89.05% of its industry peers.
Industry RankSector Rank
Current Ratio 5.27
Quick Ratio 5.27
BTBT Yearly Current Assets VS Current LiabilitesBTBT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

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7

3. Growth

3.1 Past

The earnings per share for BTBT have decreased strongly by -13.33% in the last year.
The Revenue has grown by 167.39% in the past year. This is a very strong growth!
Measured over the past years, BTBT shows a very strong growth in Revenue. The Revenue has been growing by 28.70% on average per year.
EPS 1Y (TTM)-13.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-225%
Revenue 1Y (TTM)167.39%
Revenue growth 3Y28.7%
Revenue growth 5YN/A
Sales Q2Q%96.44%

3.2 Future

Based on estimates for the next years, BTBT will show a very strong growth in Earnings Per Share. The EPS will grow by 53.17% on average per year.
Based on estimates for the next years, BTBT will show a very strong growth in Revenue. The Revenue will grow by 86.29% on average per year.
EPS Next Y71.95%
EPS Next 2Y40.97%
EPS Next 3Y53.17%
EPS Next 5YN/A
Revenue Next Year154.65%
Revenue Next 2Y97.7%
Revenue Next 3Y86.29%
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.
BTBT Yearly Revenue VS EstimatesBTBT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
BTBT Yearly EPS VS EstimatesBTBT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4 -0.6

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BTBT. In the last year negative earnings were reported.
Also next year BTBT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BTBT Price Earnings VS Forward Price EarningsBTBT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -200 -400 -600 -800 -1K

4.2 Price Multiples

BTBT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTBT is cheaper than 91.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.69
BTBT Per share dataBTBT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

BTBT's earnings are expected to grow with 53.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.97%
EPS Next 3Y53.17%

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0

5. Dividend

5.1 Amount

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

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BIT DIGITAL INC

NASDAQ:BTBT (3/7/2025, 8:08:45 PM)

After market: 2.5198 -0.02 (-0.8%)

2.54

+0.14 (+5.83%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-18 2024-11-18/bmo
Earnings (Next)03-26 2025-03-26/bmo
Inst Owners45.24%
Inst Owner Change11.44%
Ins Owners0.62%
Ins Owner Change0%
Market Cap389.92M
Analysts83.33
Price Target5.99 (135.83%)
Short Float %22.67%
Short Ratio2.06
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.02
Dividend Growth(5Y)N/A
DP-29.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-639.75%
Min EPS beat(2)-1058.65%
Max EPS beat(2)-220.86%
EPS beat(4)2
Avg EPS beat(4)-232.16%
Min EPS beat(4)-1058.65%
Max EPS beat(4)292.16%
EPS beat(8)4
Avg EPS beat(8)-107.5%
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)-2.69%
Min Revenue beat(2)-14.17%
Max Revenue beat(2)8.79%
Revenue beat(4)3
Avg Revenue beat(4)5.28%
Min Revenue beat(4)-14.17%
Max Revenue beat(4)19.41%
Revenue beat(8)4
Avg Revenue beat(8)0.28%
Revenue beat(12)4
Avg Revenue beat(12)-12.52%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.23%
PT rev (3m)0.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-35.38%
EPS NY rev (1m)0%
EPS NY rev (3m)-118.97%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-5.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.98
P/FCF N/A
P/OCF 96.89
P/B 1.24
P/tB 1.24
EV/EBITDA 11.69
EPS(TTM)-0.34
EYN/A
EPS(NY)0
Fwd EYN/A
FCF(TTM)-0.4
FCFYN/A
OCF(TTM)0.03
OCFY1.03%
SpS0.64
BVpS2.05
TBVpS2.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.72%
ROE -0.85%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.13%
FCFM N/A
ROA(3y)-37.6%
ROA(5y)-66.73%
ROE(3y)-42.28%
ROE(5y)-77.52%
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 3Y1.16%
GM growth 5YN/A
F-Score5
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 242.59%
Cap/Sales 66.87%
Interest Coverage N/A
Cash Conversion 102.59%
Profit Quality N/A
Current Ratio 5.27
Quick Ratio 5.27
Altman-Z 4.09
F-Score5
WACC12.77%
ROIC/WACCN/A
Cap/Depr(3y)296.27%
Cap/Depr(5y)278.26%
Cap/Sales(3y)85.67%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-13.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-225%
EPS Next Y71.95%
EPS Next 2Y40.97%
EPS Next 3Y53.17%
EPS Next 5YN/A
Revenue 1Y (TTM)167.39%
Revenue growth 3Y28.7%
Revenue growth 5YN/A
Sales Q2Q%96.44%
Revenue Next Year154.65%
Revenue Next 2Y97.7%
Revenue Next 3Y86.29%
Revenue Next 5YN/A
EBIT growth 1Y29.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year313.16%
EBIT Next 3Y109.88%
EBIT Next 5YN/A
FCF growth 1Y26.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.46%
OCF growth 3YN/A
OCF growth 5YN/A