Bitcoin Depot (BTM) vs. Its Rivals Financial Analysis

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

Institutional & Insider Ownership

9.2% of Bitcoin Depot shares are owned by institutional investors. Comparatively, 33.2% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 20.1% of Bitcoin Depot shares are owned by insiders. Comparatively, 21.5% of shares of all “Nondepository credit institutions” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

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 peers have a beta of 5.27, suggesting that their average stock 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	-95.38%	-132.38%	-20.99%

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Bitcoin Depot	$688.97 million	-$26.10 million	-0.96
Bitcoin Depot Competitors	$2.82 billion	$385.86 million	2.23

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 Ratings

This is a breakdown of current ratings for Bitcoin Depot and its peers, as provided 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	2504	81	2.48

Bitcoin Depot currently has a consensus price target of $5.13, suggesting a potential upside of 184.72%. As a group, “Nondepository credit institutions” companies have a potential upside of 14.64%. Given Bitcoin Depot’s stronger consensus rating and higher possible upside, research 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.