OTCPK:BTSC

Stock Analysis Report

Executive Summary

Bitcoin Services, Inc. engages in the bitcoin and mining of other crypto currencies.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Bitcoin Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BTSC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.3%

BTSC

-2.2%

US Diversified Financial

-4.2%

US Market


1 Year Return

-40.4%

BTSC

10.3%

US Diversified Financial

14.0%

US Market

Return vs Industry: BTSC underperformed the US Diversified Financial industry which returned 13.8% over the past year.

Return vs Market: BTSC underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

BTSCIndustryMarket
7 Day-10.3%-2.2%-4.2%
30 Day-8.6%-1.8%-1.8%
90 Day-10.1%1.6%2.6%
1 Year-40.4%-40.4%10.5%10.3%16.3%14.0%
3 Year51.8%51.8%29.2%28.8%43.2%34.0%
5 Year4622.2%4622.2%49.3%48.7%65.9%47.6%

Price Volatility Vs. Market

How volatile is Bitcoin Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bitcoin Services undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Bitcoin Services is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Bitcoin Services has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of BTSC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Bitcoin Services regulatory filings here.
  • Explore potentially undervalued companies in the Diversified Financials industry.

Future Growth

How is Bitcoin Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-72.2%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bitcoin Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bitcoin Services performed over the past 5 years?

4.2%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Bitcoin Services has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Bitcoin Services's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse Bitcoin Services's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Bitcoin Services has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of BTSC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Bitcoin Services's financial data was last updated here.
  • Explore more healthy companies in the Diversified Financials industry.

Dividend

What is Bitcoin Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BTSC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BTSC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BTSC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BTSC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BTSC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Diversified Financials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

14.5yrs

Average management tenure


CEO

Bitcoin Services has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
John Wright
Co-Founder13.9yrsno datano data
William Hales
Vice President of Investor Relations14.5yrsno datano data
Jorge Medina
Vice President of Business Development14.3yrsno datano data
Robert Peters
Chairman of Scientific Advisory Board and Director of Research & Development0yrsno datano data

14.5yrs

Average Tenure

Experienced Management: BTSC's management team is seasoned and experienced (14.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Wright
Co-Founder13.9yrsno datano data
Robert Peters
Chairman of Scientific Advisory Board and Director of Research & Development0yrsno datano data
Woffles Wu
Member of Scientific Advisory Board13.9yrsno datano data
Beth Walsh
Member of Advisory Board13.9yrsno datano data
Luiz Toledo
Member of Scientific Advisory Board13.9yrsno datano data
Oscar Ramirez
Member of Scientific Advisory Board13.9yrsno datano data
Edward Racek
Member of Scientific Advisory Board13.9yrsno datano data
Jay Poe
Member of Scientific Advisory Board13.9yrsno datano data
William Paulin
Member of Advisory Board13.9yrsno datano data
Thomas Mitts
Member of Scientific Advisory Board13.9yrsno datano data

13.9yrs

Average Tenure

Experienced Board: BTSC's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Bitcoin Services, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bitcoin Services, Inc.
  • Ticker: BTSC
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: US$17.414m
  • Shares outstanding: 973.37m
  • Website: https://www.bitcoinservices.biz/

Number of Employees


Location

  • Bitcoin Services, Inc.
  • 417 Forest Street
  • Suite 413
  • Kalamazoo
  • Michigan
  • 49001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BTSCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2004

Biography

Bitcoin Services, Inc. engages in the bitcoin and mining of other crypto currencies. The company offers bitcoin escrow service, which acts as a neutral third party between buyer and seller when doing business online; and Bitcoin mining services through running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. It is also involved in the development and sale of blockchain software. The company was formerly known as Tulip BioMed, Inc. and changed its name to Bitcoin Services, Inc. in March 2016. The company was incorporated in 1997 and is headquartered in Kalamazoo, Michigan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 01:04
End of Day Share Price2020/02/24 00:00
Earnings2003/09/30
Annual Earnings2003/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.