Financial Comparison: Bitcoin Depot (BTM) and The Competition

Bitcoin Depot (NASDAQ:BTM) is one of 107 public companies in the “Nondepository credit institutions” industry, but how does it compare to its peers? We will compare Bitcoin Depot to similar companies based on the strength of its analyst recommendations, valuation, institutional ownership, risk, earnings, profitability and dividends.

Insider and Institutional Ownership

9.2% of Bitcoin Depot shares are held by institutional investors. Comparatively, 33.2% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 20.1% of Bitcoin Depot shares are held by insiders. Comparatively, 21.5% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Earnings & Valuation

This table compares Bitcoin Depot and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Bitcoin Depot	$688.97 million	-$26.10 million	-0.78
Bitcoin Depot Competitors	$2.66 billion	$385.86 million	1.85

Bitcoin Depot’s peers have higher revenue and earnings than Bitcoin Depot. Bitcoin Depot is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a summary of current ratings and price targets for Bitcoin Depot and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitcoin Depot	0	1	3	0	2.75
Bitcoin Depot Competitors	440	1639	2493	81	2.48

Bitcoin Depot presently has a consensus price target of $5.13, indicating a potential upside of 253.45%. As a group, “Nondepository credit institutions” companies have a potential upside of 10.42%. Given Bitcoin Depot’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Bitcoin Depot is more favorable than its peers.

Volatility & Risk

Bitcoin Depot has a beta of -0.33, suggesting that its share price is 133% less volatile than the S&P 500. Comparatively, Bitcoin Depot’s peers have a beta of 5.27, suggesting that their average share price is 427% more volatile than the S&P 500.

Profitability

This table compares Bitcoin Depot and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Bitcoin Depot	-4.28%	-442.02%	-35.10%
Bitcoin Depot Competitors	-95.53%	-132.39%	-21.00%

Summary

Bitcoin Depot peers beat Bitcoin Depot on 9 of the 13 factors compared.

About Bitcoin Depot

Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade. The company is headquartered in Atlanta, Georgia. Bitcoin Depot Inc. is a subsidiary of BT Assets, Inc.