Analyzing Bitcoin Depot (BTM) & Its Competitors

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

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	$663.90 million	-$26.10 million	-0.91
Bitcoin Depot Competitors	$2.66 billion	$387.75 million	2.31

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.

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%	-483.86%	-38.42%
Bitcoin Depot Competitors	-67.34%	-133.63%	-12.42%

Institutional & Insider Ownership

9.2% of Bitcoin Depot shares are held by institutional investors. Comparatively, 33.3% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 20.1% of Bitcoin Depot shares are held by company insiders. Comparatively, 22.9% of shares of all “Nondepository credit institutions” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Risk and Volatility

Bitcoin Depot has a beta of -0.35, indicating that its stock price is 135% less volatile than the S&P 500. Comparatively, Bitcoin Depot’s peers have a beta of 4.68, indicating that their average stock price is 368% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations 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	442	1647	2518	83	2.48

Bitcoin Depot presently has a consensus target price of $5.13, suggesting a potential upside of 199.71%. As a group, “Nondepository credit institutions” companies have a potential upside of 11.51%. Given Bitcoin Depot’s stronger consensus rating and higher possible upside, equities analysts plainly believe Bitcoin Depot is more favorable than its peers.

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.