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BIT MINING LTD - SPON ADR (BTCM) Stock Fundamental Analysis

NYSE:BTCM - New York Stock Exchange, Inc. - US0554742090 - ADR - Currency: USD

1.97  -0.08 (-3.9%)

Fundamental Rating

2

Taking everything into account, BTCM scores 2 out of 10 in our fundamental rating. BTCM was compared to 283 industry peers in the Software industry. While BTCM seems to be doing ok healthwise, there are quite some concerns on its profitability. BTCM has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year BTCM has reported negative net income.
In the past 5 years BTCM always reported negative net income.
In the past 5 years BTCM always reported negative operating cash flow.
BTCM Yearly Net Income VS EBIT VS OCF VS FCFBTCM 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 -50M -100M -150M

1.2 Ratios

BTCM's Return On Assets of -45.37% is on the low side compared to the rest of the industry. BTCM is outperformed by 83.04% of its industry peers.
The Return On Equity of BTCM (-62.57%) is worse than 70.32% of its industry peers.
Industry RankSector Rank
ROA -45.37%
ROE -62.57%
ROIC N/A
ROA(3y)-83.12%
ROA(5y)-77.76%
ROE(3y)-152.4%
ROE(5y)-124.4%
ROIC(3y)N/A
ROIC(5y)N/A
BTCM Yearly ROA, ROE, ROICBTCM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -100 -200 -300

1.3 Margins

BTCM has a worse Gross Margin (7.07%) than 87.28% of its industry peers.
BTCM's Gross Margin has declined in the last couple of years.
BTCM 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 7.07%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.05%
GM growth 5Y-28.05%
BTCM Yearly Profit, Operating, Gross MarginsBTCM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K

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5

2. Health

2.1 Basic Checks

BTCM does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BTCM has more shares outstanding
BTCM has more shares outstanding than it did 5 years ago.
BTCM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BTCM Yearly Shares OutstandingBTCM Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M
BTCM Yearly Total Debt VS Total AssetsBTCM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.2 Solvency

BTCM has an Altman-Z score of -11.75. This is a bad value and indicates that BTCM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -11.75, BTCM is doing worse than 89.05% of the companies in the same industry.
BTCM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -11.75
ROIC/WACCN/A
WACC13.94%
BTCM Yearly LT Debt VS Equity VS FCFBTCM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M

2.3 Liquidity

A Current Ratio of 1.95 indicates that BTCM should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.95, BTCM is doing good in the industry, outperforming 61.48% of the companies in the same industry.
A Quick Ratio of 1.95 indicates that BTCM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.95, BTCM is in the better half of the industry, outperforming 61.84% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.95
Quick Ratio 1.95
BTCM Yearly Current Assets VS Current LiabilitesBTCM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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2

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 92.07% over the past year.
The Revenue for BTCM has decreased by -93.37% in the past year. This is quite bad
BTCM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.68% yearly.
EPS 1Y (TTM)92.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)-93.37%
Revenue growth 3Y169.58%
Revenue growth 5Y17.68%
Sales Q2Q%-73.87%

3.2 Future

The Earnings Per Share is expected to decrease by 0.00% on average over the next years.
Based on estimates for the next years, BTCM will show a very negative growth in Revenue. The Revenue will decrease by -76.43% on average per year.
EPS Next Y200%
EPS Next 2Y0%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-53.12%
Revenue Next 2Y-76.43%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BTCM Yearly Revenue VS EstimatesBTCM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BTCM Yearly EPS VS EstimatesBTCM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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0

4. Valuation

4.1 Price/Earnings Ratio

BTCM reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year BTCM 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
BTCM Price Earnings VS Forward Price EarningsBTCM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100 -150

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BTCM Per share dataBTCM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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BIT MINING LTD - SPON ADR

NYSE:BTCM (3/7/2025, 8:08:46 PM)

1.97

-0.08 (-3.9%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-21 2025-02-21/amc
Earnings (Next)N/A N/A
Inst Owners3.38%
Inst Owner Change31.56%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap30.01M
Analysts43.33
Price TargetN/A
Short Float %65.4%
Short Ratio1.09
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)743.69%
Revenue NY rev (3m)431.21%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.7
P/FCF N/A
P/OCF N/A
P/B 0.65
P/tB 0.67
EV/EBITDA N/A
EPS(TTM)-1.69
EYN/A
EPS(NY)-0.01
Fwd EYN/A
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.83
BVpS3.01
TBVpS2.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -45.37%
ROE -62.57%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 7.07%
FCFM N/A
ROA(3y)-83.12%
ROA(5y)-77.76%
ROE(3y)-152.4%
ROE(5y)-124.4%
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 3Y-8.05%
GM growth 5Y-28.05%
F-ScoreN/A
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.95
Quick Ratio 1.95
Altman-Z -11.75
F-ScoreN/A
WACC13.94%
ROIC/WACCN/A
Cap/Depr(3y)112.48%
Cap/Depr(5y)69.39%
Cap/Sales(3y)3.26%
Cap/Sales(5y)6.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)92.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y200%
EPS Next 2Y0%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-93.37%
Revenue growth 3Y169.58%
Revenue growth 5Y17.68%
Sales Q2Q%-73.87%
Revenue Next Year-53.12%
Revenue Next 2Y-76.43%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y40.54%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y61.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y55.3%
OCF growth 3YN/A
OCF growth 5YN/A