Comparing Bitcoin Depot (BTM) and The Competition

Bitcoin Depot (NASDAQ:BTM) is one of 341 public companies in the “Financial Services” industry, but how does it contrast to its competitors? We will compare Bitcoin Depot to similar companies based on the strength of its analyst recommendations, institutional ownership, earnings, risk, profitability, valuation and dividends.

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	-0.94%	-70.95%	-5.08%
Bitcoin Depot Competitors	-409.42%	-15.09%	-6.08%

Analyst Recommendations

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

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitcoin Depot	1	3	0	0	1.75
Bitcoin Depot Competitors	1987	6945	11711	445	2.50

Bitcoin Depot presently 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 6.28%. Given Bitcoin Depot’s higher possible upside, analysts clearly believe Bitcoin Depot is more favorable than its competitors.

Earnings and Valuation

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	$614.85 million	-$6.18 million	0.26
Bitcoin Depot Competitors	$6.73 billion	$1.10 billion	7.29

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.

Insider and Institutional Ownership

9.2% of Bitcoin Depot shares are owned by institutional investors. Comparatively, 43.0% of shares of all “Financial Services” companies are owned by institutional investors. 51.8% of Bitcoin Depot shares are owned by company insiders. Comparatively, 21.9% of shares of all “Financial Services” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Risk and Volatility

Bitcoin Depot has a beta of 3.12, meaning that its stock price is 212% more volatile than the S&P 500. Comparatively, Bitcoin Depot’s competitors have a beta of 2.51, meaning that their average stock price is 151% more volatile than the S&P 500.

Summary

Bitcoin Depot competitors beat Bitcoin Depot on 8 of the 13 factors compared.

Bitcoin Depot Company Profile

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.