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BIT DIGITAL INC (BTBT) Stock Fundamental Analysis

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

3.25  +0.2 (+6.56%)

After market: 3.2505 +0 (+0.02%)

Fundamental Rating

4

Overall BTBT gets a fundamental rating of 4 out of 10. We evaluated BTBT against 286 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.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year BTBT has reported negative net income.
BTBT had a positive 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.
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 Return On Assets value of -0.72%, BTBT perfoms like the industry average, outperforming 59.14% of the companies in the same industry.
With a decent Return On Equity value of -0.85%, BTBT is doing good in the industry, outperforming 61.65% of the companies in the same industry.
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: 76.34% of the companies in the same industry are doing better.
BTBT's Gross Margin has been stable in the last couple of years.
BTBT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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.
Compared to 1 year ago, BTBT has more shares outstanding
The number of shares outstanding for BTBT has been increased compared to 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 4.86. 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 4.86, BTBT is in the better half of the industry, outperforming 60.57% 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 4.86
ROIC/WACCN/A
WACC11.01%
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

BTBT has a Current Ratio of 5.27. This indicates that BTBT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of BTBT (5.27) is better than 88.53% of its industry peers.
A Quick Ratio of 5.27 indicates that BTBT has no problem at all paying its short term obligations.
The Quick ratio of BTBT (5.27) is better than 88.53% 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.
Looking at the last year, BTBT shows a very strong growth in Revenue. The Revenue has grown by 167.39%.
BTBT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.70% yearly.
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

BTBT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 66.48% yearly.
Based on estimates for the next years, BTBT will show a very strong growth in Revenue. The Revenue will grow by 89.44% on average per year.
EPS Next Y77.69%
EPS Next 2Y48.03%
EPS Next 3Y66.48%
EPS Next 5YN/A
Revenue Next Year153.91%
Revenue Next 2Y96.09%
Revenue Next 3Y89.44%
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.
With a Price/Forward Earnings ratio of 106.21, BTBT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BTBT is on the same level as its industry peers.
BTBT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 93.88.
Industry RankSector Rank
PE N/A
Fwd PE 106.21
BTBT Price Earnings VS Forward Price EarningsBTBT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

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 74.55% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 31.64
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

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BTBT's earnings are expected to grow with 66.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y48.03%
EPS Next 3Y66.48%

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0

5. Dividend

5.1 Amount

No dividends for BTBT!.
Industry RankSector Rank
Dividend Yield N/A

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BIT DIGITAL INC

NASDAQ:BTBT (1/30/2025, 8:08:18 PM)

After market: 3.2505 +0 (+0.02%)

3.25

+0.2 (+6.56%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-18 2024-11-18/bmo
Earnings (Next)N/A N/A
Inst Owners39.13%
Inst Owner Change0.42%
Ins Owners0.6%
Ins Owner Change0%
Market Cap498.91M
Analysts83.64
Price Target5.98 (84%)
Short Float %22.83%
Short Ratio1.76
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%
PT rev (3m)0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-333.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-112.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-17.25%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 106.21
P/S 5.09
P/FCF N/A
P/OCF 123.97
P/B 1.58
P/tB 1.58
EV/EBITDA 31.64
EPS(TTM)-0.34
EYN/A
EPS(NY)0.03
Fwd EY0.94%
FCF(TTM)-0.4
FCFYN/A
OCF(TTM)0.03
OCFY0.81%
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 102.58%
Profit Quality N/A
Current Ratio 5.27
Quick Ratio 5.27
Altman-Z 4.86
F-Score5
WACC11.01%
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 Y77.69%
EPS Next 2Y48.03%
EPS Next 3Y66.48%
EPS Next 5YN/A
Revenue 1Y (TTM)167.39%
Revenue growth 3Y28.7%
Revenue growth 5YN/A
Sales Q2Q%96.44%
Revenue Next Year153.91%
Revenue Next 2Y96.09%
Revenue Next 3Y89.44%
Revenue Next 5YN/A
EBIT growth 1Y29.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year314.21%
EBIT Next 3Y115.7%
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