Critical Comparison: Bitcoin Depot (BTM) & The Competition

Bitcoin Depot (NASDAQ:BTM) is one of 342 public companies in the “Financial Services” industry, but how does it contrast to its rivals? We will compare Bitcoin Depot to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, valuation, analyst recommendations and risk.

Volatility and Risk

Bitcoin Depot has a beta of 3.12, suggesting that its stock price is 212% more volatile than the S&P 500. Comparatively, Bitcoin Depot’s rivals have a beta of 2.49, suggesting that their average stock price is 149% more volatile than the S&P 500.

Valuation & Earnings

This table compares Bitcoin Depot and its rivals revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Bitcoin Depot	$614.85 million	-$6.18 million	0.26
Bitcoin Depot Competitors	$6.32 billion	$1.07 billion	8.51

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

Insider & Institutional Ownership

9.2% of Bitcoin Depot shares are owned by institutional investors. Comparatively, 43.2% of shares of all “Financial Services” companies are owned by institutional investors. 51.8% of Bitcoin Depot shares are owned by company insiders. Comparatively, 21.8% of shares of all “Financial Services” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
Bitcoin Depot	-0.94%	-70.95%	-5.08%
Bitcoin Depot Competitors	-409.63%	-16.12%	-6.09%

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Bitcoin Depot and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitcoin Depot	1	3	0	0	1.75
Bitcoin Depot Competitors	1974	6877	11622	443	2.50

Bitcoin Depot currently has a consensus target price of $4.10, suggesting a potential upside of 733.50%. As a group, “Financial Services” companies have a potential downside of 3.83%. Given Bitcoin Depot’s higher possible upside, equities analysts plainly believe Bitcoin Depot is more favorable than its rivals.

Summary

Bitcoin Depot rivals beat Bitcoin Depot on 8 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.