Bitdeer Technologies Group

NasdaqCM:BTDR Stock Report

Market Cap: US$1.9b

Bitdeer Technologies Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate BTDR's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate BTDR's future cash flow value for valuation analysis.

Key Valuation Metric

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

Key metric: As BTDR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BTDR. This is calculated by dividing BTDR's market cap by their current earnings.
What is BTDR's PE Ratio?
PE Ratio27.8x
EarningsUS$65.60m
Market CapUS$1.87b

Price to Earnings Ratio vs Peers

How does BTDR's PE Ratio compare to its peers?

The above table shows the PE ratio for BTDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.9x
AGYS Agilysys
72.3x27.29%US$2.1b
SPSC SPS Commerce
24x16.11%US$2.2b
RAMP LiveRamp Holdings
26.4x25.33%US$1.8b
BL BlackLine
88.8x48.79%US$2.1b
BTDR Bitdeer Technologies Group
27.8x-54.15%US$1.9b

Price-To-Earnings vs Peers: BTDR is good value based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (52.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BTDR's PE Ratio compare vs other companies in the US Software Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PD PagerDuty
4.4x-67.31%US$654.33m
BTBT Bit Digital
3.9x-118.99%US$572.67m
XNET Xunlei
0.3xn/aUS$359.80m
EXOD Exodus Movement
3x-28.90%US$311.11m
BTDR 27.8xIndustry Avg. 26.4xNo. of Companies15PE020406080100+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BTDR is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the US Software industry average (26.4x).

Price to Earnings Ratio vs Fair Ratio

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

BTDR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.8x
Fair PE Ratio12.3x

Price-To-Earnings vs Fair Ratio: BTDR is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.3x).

Analyst Price Targets

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

The above table shows the analyst BTDR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.56
US$21.62
+185.93%
21.25%US$30.00US$11.50n/a12
Feb ’27US$13.04
US$28.92
+121.75%
24.10%US$40.00US$14.00n/a12
Jan ’27US$11.21
US$33.00
+194.38%
16.19%US$43.50US$25.00n/a12
Dec ’26US$12.95
US$34.79
+168.66%
19.47%US$50.00US$25.00n/a12
Nov ’26US$22.20
US$33.76
+52.06%
25.44%US$50.00US$20.00n/a12
Oct ’26US$18.00
US$24.33
+35.15%
28.77%US$40.00US$17.00n/a11
Sep ’26US$14.29
US$21.87
+53.06%
21.15%US$33.60US$17.00n/a11
Aug ’26US$12.11
US$20.66
+70.59%
14.74%US$26.00US$17.00n/a12
Jul ’26US$11.30
US$20.57
+82.01%
12.98%US$26.00US$17.00n/a12
Jun ’26US$12.86
US$20.15
+56.69%
14.61%US$26.00US$16.00n/a12
May ’26US$10.18
US$18.38
+80.58%
24.27%US$26.00US$12.00n/a12
Apr ’26US$8.96
US$22.05
+146.09%
20.44%US$31.00US$15.00n/a12
Mar ’26US$12.31
US$22.72
+84.54%
20.48%US$31.00US$15.10US$7.7012
Feb ’26US$18.52
US$25.10
+35.53%
20.49%US$39.00US$18.00US$13.0412
Jan ’26US$21.67
US$23.65
+9.16%
26.96%US$39.00US$14.00US$11.2111
Dec ’25US$14.27
US$16.20
+13.52%
12.84%US$21.20US$14.00US$12.9511
Nov ’25US$7.83
US$14.07
+79.73%
14.87%US$17.00US$9.00US$22.2011
Oct ’25US$6.94
US$14.20
+104.61%
15.37%US$17.00US$9.00US$18.009
Sep ’25US$6.54
US$14.24
+117.80%
15.32%US$17.00US$9.00US$14.299
Aug ’25US$8.31
US$15.50
+86.52%
11.79%US$20.00US$14.00US$12.118
Jul ’25US$10.59
US$13.28
+25.38%
22.53%US$20.00US$9.00US$11.309
Jun ’25US$6.13
US$13.31
+117.17%
23.82%US$20.00US$9.00US$12.868
May ’25US$5.50
US$13.31
+142.05%
23.82%US$20.00US$9.00US$10.188
Apr ’25US$6.96
US$13.67
+96.36%
25.23%US$20.00US$9.00US$8.966
Mar ’25US$6.76
US$15.00
+121.89%
24.94%US$20.00US$11.00US$12.313
US$21.62
Fair Value
65.0% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/03 05:19
End of Day Share Price 2026/03/03 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bitdeer Technologies Group is covered by 14 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
Mark PalmerBenchmark Company
Nicholas GilesB. Riley Securities, Inc.