BIT DIGITAL INC (BTBT)
KYG1144A1058 - Common Stock
Overall BTBT gets a fundamental rating of 4 out of 10. We evaluated BTBT against 280 industry peers in the Software industry. BTBT has a great financial health rating, but its profitability evaluates not so good. BTBT shows excellent growth, but is valued quite expensive already.
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.
BTBT had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
BTBT has a Return On Assets of -0.72%. This is comparable to the rest of the industry: BTBT outperforms 59.50% of its industry peers.
BTBT has a Return On Equity of -0.85%. This is in the better half of the industry: BTBT outperforms 61.65% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
BTBT has a Gross Margin of 42.13%. This is in the lower half of the industry: BTBT underperforms 75.27% of its industry peers.
BTBT's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for BTBT so they could not be analyzed.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
BTBT does not have a ROIC to compare to the WACC, probably because it is not profitable.
BTBT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BTBT has more shares outstanding
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.
2.2 Solvency
BTBT has an Altman-Z score of 5.06. This indicates that BTBT is financially healthy and has little risk of bankruptcy at the moment.
BTBT has a Altman-Z score of 5.06. This is in the better half of the industry: BTBT outperforms 62.72% of its industry peers.
BTBT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 5.06 |
ROIC/WACCN/A
WACC11.83%
2.3 Liquidity
A Current Ratio of 5.27 indicates that BTBT has no problem at all paying its short term obligations.
BTBT has a Current ratio of 5.27. This is amongst the best in the industry. BTBT outperforms 88.53% 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 Quick ratio of 5.27. This is amongst the best in the industry. BTBT outperforms 88.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.27 | ||
| Quick Ratio | 5.27 |
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
The Earnings Per Share is expected to grow by 66.48% on average over the next years. This is a very strong growth
BTBT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 89.44% yearly.
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
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 108.82, the valuation of BTBT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BTBT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.99. BTBT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 108.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTBT is valued a bit cheaper than the industry average as 72.04% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 36.73 |
4.3 Compensation for Growth
BTBT's 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%
5. Dividend
5.1 Amount
BTBT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BIT DIGITAL INC
NASDAQ:BTBT (12/24/2024, 7:59:17 PM)
After market: 3.37 +0.04 (+1.2%)3.33
+0.15 (+4.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners39.13%
Inst Owner Change2.6%
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap511.19M
Analysts83.64
Price Target5.98 (79.58%)
Short Float %18.7%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)5.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-333.33%
EPS NY rev (1m)-112.24%
EPS NY rev (3m)-112.07%
Revenue NQ rev (1m)-17.43%
Revenue NQ rev (3m)-6.23%
Revenue NY rev (1m)-9.88%
Revenue NY rev (3m)-16.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 108.82 | ||
| P/S | 5.22 | ||
| P/FCF | N/A | ||
| P/OCF | 127.02 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 36.73 |
EPS(TTM)-0.34
EYN/A
EPS(NY)0.03
Fwd EY0.92%
FCF(TTM)-0.4
FCFYN/A
OCF(TTM)0.03
OCFY0.79%
SpS0.64
BVpS2.05
TBVpS2.05
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 5.06 |
F-Score5
WACC11.83%
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 Year514.12%
EBIT Next 3Y122.91%
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