Head to Head Analysis: Bitcoin Depot (BTM) and The Competition

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

Valuation and Earnings

This table compares Bitcoin Depot and its competitors gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Bitcoin Depot	$688.97 million	-$26.10 million	-0.97
Bitcoin Depot Competitors	$3.05 billion	$385.86 million	2.30

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

Analyst Recommendations

This is a summary of current ratings for Bitcoin Depot and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitcoin Depot	0	1	3	0	2.75
Bitcoin Depot Competitors	441	1642	2508	81	2.48

Bitcoin Depot currently has a consensus target price of $5.13, indicating a potential upside of 183.15%. As a group, “Nondepository credit institutions” companies have a potential upside of 13.43%. Given Bitcoin Depot’s stronger consensus rating and higher probable upside, analysts clearly believe Bitcoin Depot is more favorable than its competitors.

Profitability

This table compares Bitcoin Depot and its competitors’ 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	-95.38%	-132.38%	-20.99%

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 company will outperform the market over the long term.

Volatility & Risk

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

Summary

Bitcoin Depot competitors 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.