Head to Head Review: 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 contrast to its rivals? We will compare Bitcoin Depot to similar businesses based on the strength of its analyst recommendations, institutional ownership, profitability, valuation, earnings, risk and dividends.

Insider & Institutional 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 insiders. Comparatively, 22.9% of shares of all “Nondepository credit institutions” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent 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	0	1	3	0	2.75
Bitcoin Depot Competitors	442	1649	2522	83	2.48

Bitcoin Depot currently has a consensus price target of $5.13, suggesting a potential upside of 210.61%. As a group, “Nondepository credit institutions” companies have a potential upside of 12.35%. Given Bitcoin Depot’s stronger consensus rating and higher possible upside, analysts plainly believe Bitcoin Depot is more favorable than its rivals.

Volatility and Risk

Bitcoin Depot has a beta of -0.35, indicating that its share price is 135% less volatile than the S&P 500. Comparatively, Bitcoin Depot’s rivals have a beta of 4.64, indicating that their average share price is 364% more volatile than the S&P 500.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Bitcoin Depot	$688.97 million	-$26.10 million	-0.88
Bitcoin Depot Competitors	$2.67 billion	$387.75 million	2.26

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.

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	-4.28%	-483.86%	-38.42%
Bitcoin Depot Competitors	-67.34%	-133.63%	-12.42%

Summary

Bitcoin Depot rivals 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.