Bit Digital, Inc.
Bit Digital, Inc. Fundamental Analysis
Bit Digital, Inc. (BTBT) shows strong financial fundamentals with a PE ratio of 3.82, profit margin of 84.27%, and ROE of 22.65%. The company generates $0.2B in annual revenue with weak year-over-year growth of 2.65%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 82.4/100 based on profitability, valuation, growth, and balance sheet metrics. The B+ grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze BTBT's fundamental strength across five key dimensions:
Efficiency Score
ExcellentBTBT demonstrates superior asset utilization.
Valuation Score
ExcellentBTBT trades at attractive valuation levels.
Growth Score
WeakBTBT faces weak or negative growth trends.
Financial Health Score
ExcellentBTBT maintains a strong and stable balance sheet.
Profitability Score
ModerateBTBT maintains healthy but balanced margins.
Key Financial Metrics
Is BTBT Expensive or Cheap?
P/E Ratio
BTBT trades at 3.82 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, BTBT's PEG of 0.02 indicates potential undervaluation.
Price to Book
The market values Bit Digital, Inc. at 0.58 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 3.35 times EBITDA. This is generally considered low.
How Well Does BTBT Make Money?
Net Profit Margin
For every $100 in sales, Bit Digital, Inc. keeps $84.27 as profit after all expenses.
Operating Margin
Core operations generate 79.95 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $22.65 in profit for every $100 of shareholder equity.
ROA
Bit Digital, Inc. generates $12.09 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Bit Digital, Inc. generates limited operating cash flow of $-201.51M, signaling weaker underlying cash strength.
Free Cash Flow
Bit Digital, Inc. generates weak or negative free cash flow of $-457.41M, restricting financial flexibility.
FCF Per Share
Each share generates $-1.41 in free cash annually.
FCF Yield
BTBT converts -82.95% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
3.82
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.02
vs 25 benchmark
P/B Ratio
Price to book value ratio
0.58
vs 25 benchmark
P/S Ratio
Price to sales ratio
3.28
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.05
vs 25 benchmark
Current Ratio
Current assets to current liabilities
17.53
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.23
vs 25 benchmark
ROA
Return on assets percentage
0.12
vs 25 benchmark
ROCE
Return on capital employed
0.12
vs 25 benchmark
How BTBT Stacks Against Its Sector Peers
| Metric | BTBT Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 3.82 | 18.86 | Better (Cheaper) |
| ROE | 22.65% | 847.00% | Weak |
| Net Margin | 84.27% | 4202.00% | Weak |
| Debt/Equity | 0.05 | 0.91 | Strong (Low Leverage) |
| Current Ratio | 17.53 | 667.17 | Strong Liquidity |
| ROA | 12.09% | -21543.00% (disorted) | Strong |
BTBT outperforms its industry in 4 out of 6 key metrics, particularly excelling in ROA, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Bit Digital, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
286.52%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
131.68%
Industry Style: Value, Dividend, Cyclical
High GrowthFCF CAGR
-3.88%
Industry Style: Value, Dividend, Cyclical
Declining