BIT DIGITAL INC (BTBT)
KYG1144A1058 - Common Stock
BTBT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 279 industry peers in the Software industry. BTBT has a great financial health rating, but its profitability evaluates not so good. BTBT is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year BTBT has reported negative net income.
BTBT had a negative operating cash flow in the past year.
BTBT had negative earnings in each of the past 5 years.
BTBT had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of BTBT (9.17%) is better than 85.66% of its industry peers.
With a decent Return On Equity value of 9.80%, BTBT is doing good in the industry, outperforming 79.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.17% | ||
| ROE | 9.8% | ||
| 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
1.3 Margins
BTBT's Profit Margin of 33.30% is amongst the best of the industry. BTBT outperforms 95.70% of its industry peers.
BTBT has a Gross Margin of 42.38%. This is in the lower half of the industry: BTBT underperforms 74.91% of its industry peers.
In the last couple of years the Gross Margin of BTBT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 33.3% | ||
| GM | 42.38% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.16%
GM growth 5YN/A
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.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
BTBT has an Altman-Z score of 24.30. This indicates that BTBT is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 24.30, BTBT belongs to the best of the industry, outperforming 93.91% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 24.3 |
ROIC/WACCN/A
WACC10.98%
2.3 Liquidity
A Current Ratio of 21.16 indicates that BTBT has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 21.16, BTBT belongs to the top of the industry, outperforming 98.92% of the companies in the same industry.
A Quick Ratio of 21.16 indicates that BTBT has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 21.16, BTBT belongs to the top of the industry, outperforming 98.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 21.16 | ||
| Quick Ratio | 21.16 |
3. Growth
3.1 Past
BTBT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 58.97%, which is quite impressive.
The Revenue has grown by 153.80% in the past year. This is a very strong growth!
The Revenue has been growing by 28.70% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)58.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)153.8%
Revenue growth 3Y28.7%
Revenue growth 5YN/A
Sales Q2Q%220.31%
3.2 Future
BTBT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 73.11% yearly.
Based on estimates for the next years, BTBT will show a very strong growth in Revenue. The Revenue will grow by 92.91% on average per year.
EPS Next Y282.33%
EPS Next 2Y71.19%
EPS Next 3Y73.11%
EPS Next 5YN/A
Revenue Next Year181.74%
Revenue Next 2Y99.67%
Revenue Next 3Y92.91%
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.
4. Valuation
4.1 Price/Earnings Ratio
BTBT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 37.07, the valuation of BTBT can be described as expensive.
BTBT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BTBT is cheaper than 63.44% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BTBT to the average of the S&P500 Index (23.79), we can say BTBT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 37.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTBT indicates a somewhat cheap valuation: BTBT is cheaper than 65.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 55.64 |
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.
BTBT's earnings are expected to grow with 73.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y71.19%
EPS Next 3Y73.11%
5. Dividend
5.1 Amount
No dividends for BTBT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT DIGITAL INC
NASDAQ:BTBT (11/12/2024, 8:00:01 PM)
After market: 5.3607 -0.16 (-2.89%)5.52
+0.1 (+1.85%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap815.80M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 37.07 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.17% | ||
| ROE | 9.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 33.3% | ||
| GM | 42.38% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 21.16 | ||
| Quick Ratio | 21.16 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)58.97%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y282.33%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)153.8%
Revenue growth 3Y28.7%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y