Bitmine Immersion Technologies, Inc.

OTCPK:BMNR Stock Report

Market Cap: US$18.8m

Bitmine Immersion Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 BMNR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BMNR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BMNR's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BMNR. This is calculated by dividing BMNR's market cap by their current revenue.
What is BMNR's PS Ratio?
PS Ratio6.4x
SalesUS$2.87m
Market CapUS$18.80m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BMNR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.7x
ABTS Abits Group
4.3xn/aUS$22.0m
QSJC Tancheng Group
44.5xn/aUS$19.8m
LMFA LM Funding America
0.7x-15.1%US$8.2m
ANY Sphere 3D
1.2x-8.3%US$29.0m
BMNR Bitmine Immersion Technologies
6.4xn/aUS$18.8m

Price-To-Sales vs Peers: BMNR is good value based on its Price-To-Sales Ratio (6.4x) compared to the peer average (12.7x).

Price to Sales Ratio vs Industry

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

80 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.07b
PGY Pagaya Technologies
0.7x15.8%US$645.96m
XPER Xperi
0.8x1.8%US$387.78m
EGHT 8x8
0.5x1.1%US$371.08m
BMNR 6.4xIndustry Avg. 5.1xNo. of Companies80PS048121620+
80 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BMNR is expensive based on its Price-To-Sales Ratio (6.4x) compared to the US Software industry average (5.1x).

Price to Sales Ratio vs Fair Ratio

What is BMNR'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.

BMNR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BMNR's Price-To-Sales Fair Ratio for valuation analysis.

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.

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