BTC Digital Valuation

Is BTCT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BTCT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BTCT ($19.27) is trading below our estimate of fair value ($363.07)

Significantly Below Fair Value: BTCT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BTCT?

Key metric: As BTCT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BTCT. This is calculated by dividing BTCT's market cap by their current revenue.
What is BTCT's PS Ratio?
PS Ratio	7.4x
Sales	US$6.77m
Market Cap	US$51.56m

BTCT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	7.6x
Enterprise Value/EBITDA	287.5x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BTCT's PS Ratio compare to its peers?

The above table shows the PS ratio for BTCT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	32.4x
NEXC.F Nextech3D.AI	2.1x	n/a	US$7.2m
MARK Remark Holdings	1.4x	n/a	US$6.3m
IONI I-ON Digital	113x	n/a	US$6.2m
IFBD Infobird	13.3x	n/a	US$4.1m
BTCT BTC Digital	7.4x	23.9%	US$51.6m

Price-To-Sales vs Peers: BTCT is good value based on its Price-To-Sales Ratio (7.4x) compared to the peer average (32.4x).

Price to Sales Ratio vs Industry

How does BTCT's PS Ratio compare vs other companies in the US Software Industry?

83 Companies	Price / Sales	Estimated Growth	Market Cap
VYX NCR Voyix	0.6x	-23.2%	US$2.09b
DSP Viant Technology	1x	11.2%	US$967.92m
PGY Pagaya Technologies	0.7x	15.8%	US$697.52m
XPER Xperi	0.7x	1.8%	US$375.23m

83 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BTCT is expensive based on its Price-To-Sales Ratio (7.4x) compared to the US Software industry average (5x).

Price to Sales Ratio vs Fair Ratio

What is BTCT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BTCT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	7.4x
Fair PS Ratio	0.8x

Price-To-Sales vs Fair Ratio: BTCT is expensive based on its Price-To-Sales Ratio (7.4x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Adeia

US$1.3b

Operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally.

ADEA

US$11.60

0.7%

17.4%

Open Text

US$7.6b

Engages in the provision of information management products and services.

OTEX

US$28.83

-1.4%

-25.6%

Opera

US$1.6b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

OPRA

US$18.25

1.1%

48.4%